Posts by Liam Redmond
CapitaLand Ascendas Reit raises S$500 million from private placement of 202 million shares at S$2.47 each
Proceeds will help fund S$700 million purchase of Tai Seng data centre, Science Park building [SINGAPORE] CapitaLand Ascendas Real Estate Investment Trust (Clar) has raised S$500 million from a private placement of 202.4 million units, priced at S$2.47 per unit. The price is a discount of 5.2 per cent of the volume weighted average price…
Read MoreHong Kong, Saudi bourses seek deeper ties to spur trading volume
[HONG KONG] Hong Kong and Saudi Arabia are ramping up efforts to boost trading activity as inflows to their exchange-traded funds (ETFs) wane and cross-listings fail to materialise. Hong Kong Exchanges & Clearing (HKEX) chief executive officer Bonnie Chan and Mohammed Al-Rumaih, her counterpart at the Tadawul stock exchange, are poised to address the co-hosted…
Read MoreSan Francisco scraps ‘equity grading’ program — in which homework and attendance wouldn’t affect grades — one day after unveiling it
San Francisco school officials took a sudden U-turn Wednesday on an initiative that would have effectively let students skip homework, cut class, and re-take their exams. Parents and politicians alike – including SF Mayor Daniel Lurie – trashed the experimental “Grading for Equity” initiative as soon as the San Francisco Unified School District (SFUSD) unveiled…
Read MoreStocks to watch: CapitaLand Ascendas Reit, Seatrium, Sembcorp, mm2 Asia, Singapore Paincare
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (May 29). CapitaLand Ascendas Reit (CLAR): The company reported that it has raised S$500 million from a private placement of 202.4 million units priced at S$2.47 each, on Thursday. The issue price is a 5.2 per cent discount to…
Read MoreChevron to cut 200 jobs in Texas
Published Thu, May 29, 2025 · 08:23 AM — Updated Fri, May 30, 2025 · 07:22 AM [HOUSTON] Chevron will lay off 200 employees in Texas, according to figures from the Texas Workforce Commission. The layoffs are part of the US oil producer’s plan to cut up to 20 per cent of its global workforce…
Read MoreChevron to cut nearly 800 jobs in Texas
Published Thu, May 29, 2025 · 08:23 AM [HOUSTON] Chevron will lay off nearly 800 employees in Texas, according to a notice on Wednesday to the Texas Workforce Commission, part of the US oil producer’s plan to cut up to 20 per cent of its global workforce by the end of 2026. The job cuts…
Read MoreHong Kong bankers on edge over US$11 billion New World refinancing
[HONG KONG] Hong Kong bankers have become fixated on an US$11 billion loan deal with unusually high stakes for the financial hub. New World Development (NWD), an embattled property developer controlled by one of Hong Kong’s richest families, is aiming to complete one of the city’s largest-ever corporate refinancing deals with more than 50 banks…
Read MorePoliticizing US-led Gaza food aid only serves Hamas and other Israel-haters
On Tuesday, the US-backed Gaza Humanitarian Foundation began distributing food to civilians in the war-wracked area — and the voices who’d been loudest about “starvation” in Gaza complained. The United Nations and established international aid groups insist this work undermines the “principles” of humanitarian assistance because GHF cooperates with the Israeli Defense Forces but not…
Read MoreChina’s Honor developing humanoid robots in US$10 billion AI plan
The company is building its own agentic AI services that will be integrated into its software for smartphones and other devices Published Thu, May 29, 2025 · 07:27 AM HONOR Device, the smartphone maker spun out from Huawei Technologies, is developing humanoid robots as part of its push into China’s crowded artificial intelligence (AI) arena.…
Read MoreApple to rebrand its device operating systems to mark major overhaul
[LOS ANGELES] Apple is planning the most sweeping change yet to its operating system names, part of a software overhaul that extends to all its devices. The next Apple operating systems will be identified by year, rather than with a version number, according to sources with knowledge of the matter. That means the current iOS…
Read MoreTesla targets June 12 launch of robotaxi service in Austin
[SAN FRANCISCO] Tesla is poised to begin its long-awaited robotaxi service in Austin on Jun 12, according to a source familiar with the matter, a milestone in Elon Musk’s plan to reshape the company around driverless vehicles and artificial intelligence. The previously unreported date was discussed internally and could still change, said the source, asking…
Read MoreUS curbs chip design software, chemicals, other shipments to China
[WASHINGTON] The United States has ordered a broad swathe of companies to stop shipping goods to China without a licence and revoked licences already granted to certain suppliers, said three people familiar with the matter. The new restrictions – which are likely to escalate tensions with Beijing – appear aimed at choke points to prevent…
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