Posts by Liam Redmond
SunMoon sinks to S$1.5 million loss in FY2025 despite higher revenue
[SINGAPORE] Fruit distributor SunMoon Food Company has sunk into the red with a net loss of S$1.5 million for the full year ended March, compared with a net profit of S$28,000 the previous year. This was mainly due to a combination of factors, including a lower gross margin from the clearance of slow-moving inventories that…
Read MoreTyrese Haliburton puts on triple-double show with dad back in building: ‘Makes it more sweet’
INDIANAPOLIS — Tyrese Haliburton’s previously banned father was back in the building, and so, too, was the All-Star point guard’s electrifying all-around game. John Haliburton was permitted by the Pacers to return to Gainbridge Fieldhouse following a first-round altercation with Giannis Antetokounmpo, and he got to see his son put on an absolute show with…
Read MoreStarship megarocket blows up over Indian Ocean in latest bumpy test
[SOUTH PADRE ISLAND, United States] SpaceX’s prototype Starship exploded over the Indian Ocean on Tuesday, capping another bumpy test flight for the rocket central to billionaire Elon Musk’s dream of colonising Mars. The biggest and most powerful launch vehicle ever built lifted off around 6.36 pm (2336 GMT) from the company’s Starbase facility, near a…
Read MoreUS warns Pirelli risks restrictions due to Chinese investor
[MILAN] The US government warned Italy’s Pirelli & C that vehicles containing its advanced sensors technology could be restricted from sale in America due to concerns over the influence of the tiremaker’s Chinese investor. The informal advisory, outlined in a letter dated Apr 25 by the Commerce Department’s Bureau of Industry and Security – known…
Read MoreStephen A. Smith rails on Knicks stars for sloppy Game 4 play: ‘What the hell is going on!’
The Knicks weren’t exactly playing their best basketball against the Pacers through three quarters on Tuesday night. And Stephen A. Smith was letting them know about it as directly as he could. The ESPN “First Take” panelist took to X during Game 4 and called out the team — which had 14 turnovers through 36…
Read MoreUBS’s Iqbal Khan sees rich customer demand for alternative assets
[HONG KONG] Wealthy customers of UBS Group are looking to buy more alternative assets as they seek to diversify investments during a volatile period for markets and global trade, according to the firm’s Asia-Pacific chief. “We see continued demand” for alternatives, Iqbal Khan, the bank’s regional president, said in an interview with Bloomberg TV in…
Read MoreCapitaLand Ascendas Reit to buy Tai Seng data centre, Science Park building for S$700.2 million
[SINGAPORE] CapitaLand Ascendas Real Estate Investment Trust (Clar) has entered conditional agreements to acquire two prime properties to expand its portfolio in Singapore, particularly in the technology sector, the manager said on Wednesday (May 28). The two properties are a Tier III colocation data centre at 9 Tai Seng Drive and a premium business space…
Read MoreAustralia: Shares at 3-month high ahead of inflation data; RBNZ decision in focus
AUSTRALIAN shares climbed on Wednesday, reaching their highest levels in more than three months, supported by strength in banking and mining stocks ahead of the release of April inflation data later in the day. The S&P/ASX 200 index was up 0.5 per cent at 8,448.5 points, as of 0040 GMT, its strongest level since Feb…
Read MoreGold stages rebound as US dollar, Treasury yields slip
Published Wed, May 28, 2025 · 09:38 AM [BENGALURU] Gold prices gained on Wednesday (May 28), helped by a slight retreat in the US dollar and lower US bond yields as investors await a US core Personal Consumption Expenditures (PCE) price index report due later this week for interest rate clues. Spot gold was up…
Read MoreTyrese Haliburton’s dad returns to cheer on Pacers — weeks after on-court Giannis Antetokounmpo flap
Tyrese Haliburton’s dad was all smiles while attending Game 4 of the Pacers-Knicks Eastern Conference finals Tuesday night in Indianapolis. John Haliburton appeared thrilled to be back at Gainbridge Fieldhouse after he missed eight games due to a confrontation with Bucks star Giannis Antetokounmpo after the Pacers eliminated Milwaukee in Game 5 of their first-round…
Read MoreStocks to watch: OCBC, Amara, Valuetronics
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (May 28): OCBC: The bank announced on May 27 key leadership changes to its global wholesale banking franchise, to take effect on Oct 1. Among the changes, Elaine Heng, now OCBC’s group chief strategy and transformation officer, will succeed…
Read MoreValuetronics posts 3.1% higher H2 profit of HK$79.9 million
The board has proposed a final dividend of HK$0.11 per share and a special dividend of HK$0.08 per share [SINGAPORE] Electronics manufacturing services provider Valuetronics on Wednesday (May 28) posted net profit of HK$79.9 million (S$13.1 million), up 3.1 per cent from HK$77.4 million in the same year-ago period. This translated to earnings per share…
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