Posts by Liam Redmond
Singapore shares slide in tandem with regional bourses and Wall Street; STI drops 0.1%
Decliners beat gainers 288 to 178 across the broader Singapore market, with 1.1 billion securities valued at S$1.4 billion changing hands [SINGAPORE] Asian bourses, including Singapore’s, were largely in the red on Thursday (May 22) after a Wall Street sell-off overnight. This came as the US’ fiscal uncertainty soured market sentiment. Singapore’s Straits Times Index…
Read MoreChangi Airport Group full-year net profit doubles to S$841 million
[SINGAPORE] Changi Airport Group (CAG) saw its net profit almost double to S$841 million for the full year ended Mar 31, up from S$431 million in the year-ago period. The 95 per cent rise in net profit takes into account “exceptional items”, including non-cash revaluation gains and the write-back of provisions by subsidiaries. Excluding these…
Read MoreVideo shows moment suspected gunman outside Jewish Museum is arrested while shouting ‘Free free Palestine’ as witnesses describe helping him before realizing he was the killer
The alleged gunman who shot dead two Israeli Embassy staffers was caught on video being detained while shouting “Free, free Palestine” moments after Good Samaritans were helping him before realizing he was the killer. The suspect, 31-year-old Elias Rodriguez, allegedly opened fire and killed the couple outside the Capital Jewish Museum shortly after 9 p.m.…
Read MoreBrain surgeon testifies John O’Keefe died from fall on frozen ground in Karen Read trial
John O’Keefe died from falling backwards and hitting his head on frozen ground, according to a Yale-educated brain surgeon who testified Wednesday in the murder trial of Karen Read. Read, 45, is accused of killing her then-boyfriend, the 46-year-old O’Keefe, by hitting him with her 2021 Lexus SUV on Jan. 29, 2022, then leaving him…
Read MoreCGSI downgrades Delfi, cuts target price as high cocoa prices sour sentiment
[SINGAPORE] CGS International (CGSI) has downgraded its recommendation on chocolate confectioner Delfi to “hold”, from “add” previously, and slashed its target price by more than 19 per cent to S$0.71. “We think weaker consumer sentiment, coupled with elevated cocoa prices and a weaker Indonesian rupiah against the US dollar, could pressure profitability in the near…
Read MoreDear Abby: My family physically and sexually abused me for years — and are now telling me to get over it
DEAR ABBY: I see a psychiatrist and psychologist for generalized anxiety disorder, major depression disorder and borderline personality disorder. According to my doctors, my psychiatric disorders are a result of the 44 years of abuse I received from my mother, as well as the abuse she allowed others to inflict on me. Her physical abuse…
Read MoreIt took a full village for the Knicks to make this choke of epic proportions happen
Tyrese Haliburton was right. The Knicks choked. They choked epically Wednesday night and somehow lost a game that was so deep in their back pocket it should’ve been collecting lint. There is never a world where a competent NBA team, let alone a team in the Eastern Conference finals, blows a 14-point lead with less…
Read MoreLenovo reports 64% profit decline in fourth quarter
Published Thu, May 22, 2025 · 01:30 PM [BEIJING] China’s Lenovo, the world’s largest personal computer manufacturer, on Thursday reported a worse-than-expected 64 per cent fall in fourth-quarter profit, which it said was mostly due to a non-cash decline in the value of warrants. Lenovo reported revenue of US$16.98 billion for the quarter ended March…
Read MoreLatest Singapore six-month T-bill cut-off yield slides to 2.2%
The auction received S$18.1 billion in applications for the S$7.5 billion on offer [SINGAPORE] The cut-off yield for Singapore’s latest six-month Treasury bill (T-bill) fell to 2.2 per cent, according to auction results released by the Monetary Authority of Singapore on Thursday (May 22). This declined from the 2.3 per cent cut-off yield offered in the previous…
Read MoreGoldman Sachs combines Asia investment banking units, names Drayton APAC head
Published Thu, May 22, 2025 · 01:23 PM [HONG KONG] Goldman Sachs is bringing together previously separately-managed three Asian investment banking businesses into one unit to integrate its regional deals advice and capital market capabilities, according to a memo reviewed by Reuters on Thursday. Iain Drayton, currently head of investment banking, Asia excluding Japan, at Goldman Sachs, will lead…
Read MoreUS accepts Qatar luxury jet as Trump’s new Air Force One
[WASHINGTON] The Defense Department formally accepted a luxury Boeing 747-8 jumbo jet from Qatar to temporarily serve as the new Air Force One for US President Donald Trump, one of the biggest foreign gifts ever given to the US government. The move fulfils Trump’s desire for a new presidential aircraft, after years of delays in…
Read MoreHeroes, zeros of Game 1: OG Anunoby came up short all night
Heroes and zeros of the Knicks’ 138-135 Game 1 overtime loss to the Pacers on Wednesday night at Madison Square Garden: Hero Aaron Nesmith pulled his best Reggie Miller impression, erupting for 20 points in the final five minutes of the fourth quarter as the Pacers mounted their huge comeback. Aaron Nesmith, who had a…
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