Posts by Liam Redmond
China’s power prices nosedive, providing relief to tariff-hit factories
[BEIJING] A crash in Chinese coal prices, and a flood of clean energy, are cutting power rates in major industrial hubs, easing pressure on some of the factories caught in the crossfire of trade hostilities with the US. In Jiangsu province, the average price for June contracts settled by centralised bidding plunged 24 per cent…
Read MoreSingapore Paincare up 12.1% as Sias urges shareholders to await IFA report
[SINGAPORE] Shares of Singapore Paincare rose on Thursday (Jun 5), a day after the Securities Investors Association (Singapore), or Sias, said the medical services company could be worth more than double its privatisation offer price. As at 4.19 pm, the counter was trading at S$0.176, 12.1 per cent or S$0.019 above the previous closing price…
Read MoreSingapore Paincare up 8.3% on Sias valuation
[SINGAPORE] Shares of Singapore Paincare rose on Thursday (Jun 5), a day after the Securities Investors Association (Singapore), or Sias, valued the medical services company at more than double its privatisation offer price. Shortly after the market opened at 9.05 am, the counter was trading at S$0.17, 8.3 per cent or S$0.013 above its latest…
Read MoreGold edges higher as soft US data lifts safe-haven demand
Published Thu, Jun 5, 2025 · 09:24 AM [BENGALURU] Gold prices nudged higher on Thursday (Jun 5), as weaker-than-expected US economic data spurred demand for safe-haven assets, while market participants also assessed persistent global economic and political uncertainties. Spot gold was up 0.1 per cent at US$3,377.79 an ounce, as at 0007 GMT. US gold…
Read MoreSt. John’s new sharpshooter Imran Suljanovic hits visa snag
Imran Suljanovic, the sharpshooting wing from Austria, isn’t expected to arrive with his new teammates for the start of summer workouts later this month. That’s because of new visa rules enacted by the United States government. All new student visa applications and interviews have been halted amid plans to implement a new policy that would…
Read MoreStablecoin issuer Circle raises US$1.05 billion in upsized US IPO
[BENGALURU] CIRCLE Internet on Wednesday (Jun 4) priced its upsized US initial public offering (IPO) at US$31 apiece, raising US$1.05 billion, adding fresh momentum to a growing pipeline of late-stage cryptocurrency firms eyeing public markets. Circle and its shareholders sold 34 million shares at US$31 apiece, valuing the company, which issues the USDC stablecoin, at…
Read MoreStarbucks reshuffles leadership to accelerate turnaround bid
[CHICAGO] Starbucks is reorganising part of its senior ranks, looking to speed up plans to reverse a sales slump. Mike Grams, hired last year as head of North America stores, will become chief operating officer, according to an announcement on Wednesday (Jun 4). His responsibilities will expand to include the department in charge of building…
Read MoreStocks to watch: ThaiBev, Far East Orchard
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jun 5). ThaiBev: The beer maker announced a US$2 billion multicurrency debt issuance programme on Wednesday. The group will issue notes and perpetual securities dominated in any currency agreed upon between the group and relevant dealers under the programme.…
Read MoreKylie Jenner’s boob job plastic surgeon has surprising connection to Kris Jenner
It’s all in the family for Kylie and Kris Jenner. After Kylie spilled details who performed her boob job in a TikTok comment on Monday, Kris confirmed she has also had work done by the same plastic surgeon, Dr. Garth Fisher. “Garth you are a superstar class act!!” Kris commented Wednesday after the physician posted…
Read MoreMercedes, BMW step up response to China export curbs to avoid shortages
[FRANKFURT] Automakers in the US and Europe raised concerns about China’s export controls on rare earth metals, as Beijing’s move threatens to disrupt global car production. Mercedes-Benz Group and BMW are in talks with suppliers to prevent shortages of components containing these materials, with the former discussing stockpiling certain items. Meanwhile, Ford Motor said it’s…
Read MoreEven after explosive run, European defence stocks may still have firepower left
[SINGAPORE] On Sunday (Jun 1), more than 100 Ukrainian drones, reportedly launched from deep in Russian territory, damaged or destroyed US$7 billion worth of Russian aircraft. That same day, Ukraine was struck by over 470 Russian drones and seven missiles, the heaviest barrage since the full-scale invasion began in February 2022. Less than a day…
Read MoreAppeals court denies Apple’s bid to pause App Store order in yearslong feud against ‘Fortnite’ maker
Apple has failed to persuade a US appeals court to pause key parts of a federal judge’s order requiring the iPhone maker to immediately open its lucrative App Store to more competition. The 9th US Circuit Court of Appeals on Wednesday rejected Apple’s request to put the provisions on hold as the tech company appeals the judge’s order,…
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