Posts by Liam Redmond
Singapore shares rise as US delays tariffs on European Union; STI up 0.5%
Across the broader market, gainers beat losers 249 to 180, after 1.1b securities worth S$958m were traded [SINGAPORE] Shares on the Singapore bourse ended higher on Tuesday (May 27), after the US extended the deadline for tariff negotiations with the European Union (EU) to Jul 9. The Trump administration had threatened to impose 50 per…
Read MoreSwiss watch exports jump in April ahead of threatened US tariffs
Asian markets displayed further weakness, with exports to Singapore falling 9%, China off 30% and Hong Kong down 23% Published Tue, May 27, 2025 · 05:47 PM [ZURICH] Swiss watch exports jumped by almost a fifth in April as shipments to the US more than doubled ahead of expanded tariffs threatened by President Donald Trump. …
Read MoreAmerican Airlines flight attendant reads out handwritten note from Meghan Markle after commercial trip
An American Airlines flight attendant has revealed the sweet note Meghan Markle had sent to the crew during her recent commercial flight. Taking to TikTok, flight attendant Nina Vida read aloud the Duchess of Sussex’s hand-written thank-you note after she and her co-workers expressed their delight at getting to serve the “Suits” alum. “You guys will…
Read MoreMaybank downgrades Malaysia’s Tan Chong Motor to ‘sell’ amid widening losses, competition
[SINGAPORE] Maybank Investment Bank has downgraded Malaysia’s Tan Chong Motor (TCM) to “sell”, from “hold” previously, amid widening losses, weak product appeal and intensifying competition. Despite the downgrade, Maybank maintained its target price for the Bursa-listed company at RM0.38, based on an unchanged 0.1 times its forecast book value for FY2025. TCM is the franchise…
Read MorePerennial to invest one billion yuan to open two healthcare institutions in Guangzhou
[SINGAPORE] Integrated healthcare and real estate player Perennial Holdings on Tuesday (May 27) announced that it has entered into an agreement with Guangzhou Metro Group to establish a tertiary general hospital in Guangzhou, China. This will be Perennial’s second wholly foreign-owned hospital in China, after it opened the 500-bed Perennial General Hospital Tianjin earlier this year.…
Read MoreSamsung in talks to invest in California-based Exo
Discussions on all the potential developments are ongoing and details could change Published Tue, May 27, 2025 · 04:31 PM [SEOUL] Samsung Electronics’ investment arm is among a group of firms seeking to invest in US health-care software and device company Exo Imaging, according to people familiar with the matter. Samsung Ventures Investment may participate…
Read MoreIndonesia’s Widjaja family’s Sinarmas Land offer wins 90% acceptance, triggering compulsory acquisition
[SINGAPORE] Lyon Investments – controlled by the Widjaja family, one of Indonesia’s wealthiest clans – has crossed the 90 per cent acceptance threshold in its offer for Singapore-listed Sinarmas Land. This triggers the right of compulsory acquisition of all the shares of shareholders who have not accepted the offer, paving the way for the delisting…
Read MoreThree more escaped New Orleans inmates captured as manhunt continues for last 2 fugitives
Three more fighters on the run after a group of 10 inmates escaped from a New Orleans jail have been captured, authorities said Monday. Authorities initially announced that Lenton Vanburen was arrested in Baton Rouge and was back in custody. “Vanburen was originally incarcerated on charges of parole violation, possession of firearm by felon, and illegal carrying…
Read MoreUS Marine and Iraq War vet who volunteered to fight for Ukraine killed by a Russian drone strike
A US Marine who fought in Iraq and voluntarily deployed to Ukraine was killed in a Russian drone strike during a dangerous mission near the frontlines in the Eastern European country, his father said. Johnathan A. Pebley, 39, was killed during Russia’s relentless bombardment of Ukraine over the last week. In just three days, Kremlin…
Read MorePeirce Hill bungalow owned by wife of 3AC’s Kyle Davies sells for S$37 million
[SINGAPORE] A bungalow in Peirce Hill owned by the wife of failed Three Arrows Capital (3AC) co-founder Kyle Davies is in the early stage of being sold, at S$37 million. The price works out to S$2,144 per square foot (psf) on the freehold land area of 17,260 square feet (sq ft). The property, which is…
Read MoreJapan to consider trimming super-long bond issuance: sources
The MOF will make a decision after holding discussions with market participants around mid- to late-June, the sources says Published Tue, May 27, 2025 · 01:37 PM [TOKYO] Japan will consider trimming issuance of super-long bonds in the wake of recent sharp rises in yields for the notes, two sources told Reuters on Tuesday (May…
Read MoreWeak Chinese demand leaves Australia with too much wheat
[CANBERRA] Australian wheat inventories will likely be much higher than last year at the end of the season, pressuring prices, because of a drop in Chinese imports and competition from ample supplies out of rival exporter Russia, analysts and traders said. A fire sale of stored grain may be necessary to clear space before the…
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