Posts by Liam Redmond
CapitaLand Investment sinks 8% as counter goes ex-dividend
The company will pay a dividend of S$0.12 plus units of CapitaLand Integrated Commercial Trust worth S$0.067 [SINGAPORE] CapitaLand Investment’s (CLI) shares plunged more than 8 per cent on Friday (May 2) morning, after trading in the company went ex-dividend the same day. Shares of CLI fell 8 per cent or S$0.22 to S$2.53 shortly…
Read MoreTwo Israeli businessmen murdered hours apart in same LA neighborhood — with one held captive for hours and beaten to death
Two Israeli businessmen were found murdered hours apart in their homes in the same section of Los Angeles Saturday, with one tied up and beaten to death while the other was identified as the brother of a prison warden in the Jewish state, police said. There is no apparent connection between the two killings, but…
Read MoreAustralia shares hit near two-month high on boost from banks
AUSTRALIAN shares touched a two-month high on Friday, on track for a seven-day rally, as gains in financials overshadowed the decline in gold-related stocks. The S&P/ASX 200 index rose 0.5 per cent to 8,188.40, as of 0050 GMT, hitting its highest level since March 5. The benchmark is set for a third consecutive weekly gain. Heavyweight…
Read MoreVance argues he ‘wasn’t overruled’ in Houthi attack Signal chat: ‘I thought it reflected well on me’
Vice President JD Vance argued Thursday that the decision to attack the Houthis in Yemen, despite his apparent skepticism of the plan in leaked Signal chats, doesn’t mean he was “overruled” by others in the Trump administration. “If you go back to when those messages were leaked, what we were doing is having a private…
Read MoreLured by Thailand perks, China’s EV makers face reality check
IT’S HARD to miss the aggressiveness of Chinese automakers in the Thai market on the drive from Suvarnabhumi Airport into Bangkok: huge billboards featuring BYD, Changan Auto, GAC, Great Wall Motor, SAIC MG and many other Chinese brands line the highways and roads. And on the streets of the capital, Chinese car dealerships are often…
Read MoreStocks to watch: CapitaLand Investment, Nio, MIT, Jardine Cycle & Carriage, iFast, Sasseur Reit, Elite UK Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 2). CapitaLand Investment (CLI): The real estate investment manager reported a total revenue of S$496 million for the first quarter ended Mar 31, down 24 per cent from S$650 million in the corresponding period the year before. On…
Read MoreiFast receives MAS trust business licence, enhances wealth management capabilities
[SINGAPORE] iFast Corp announced on Friday (May 2) that its global trust, a Singapore-incorporated entity within the group, has been granted a trust business licence by the Monetary Authority of Singapore. This development expands iFast’s wealth management capabilities, further enhancing its platform to support clients across the entire wealth lifecycle, from accumulation and growth to…
Read MoreAdani Group gets Modi’s blessing as it expands mega India port
INDIA Prime Minister Narendra Modi is set to flag off the second phase of Adani Group’s mega port in Kerala on Friday, showcasing the solid political support for billionaire Gautam Adani amid an ongoing bribery probe in the US. The Vizhinjam transshipment terminal, which began operations in July and has handled about 250 container ships…
Read MoreMore dolls means better living — why American abundance matters
President Trump downplayed the significance of potentially empty store shelves at his Wednesday Cabinet meeting. He said of goods from China that might go missing in the trade war, “much of it we don’t need.” Then, he elaborated the point: “Well, maybe the children will have two dolls instead of 30 dolls, you know? And…
Read MoreUS tariffs provide opportunities for Greenlink Digital Bank: chairman
[SINGAPORE] The continued uncertainty with US tariffs could provide more opportunities rather than challenges to Greenlink Digital Bank (GLDB). GLDB chairman Geng Jing believes that the tariffs could spur deeper cooperation and trade between South-east Asia countries, as well as China. “Tariffs will likely not have a short-term impact but a medium- to long-term one,”…
Read MoreApple expects US$900 million tariff hit as shifts US iPhone supply to India
[SAN FRANCISCO] Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could cost the company and was disrupting its supply chain. Apple expects US tariffs to cost US$900 million in the current quarter, even though their impact was “limited” at the start of this year, chief executive Tim Cook said on…
Read MoreApple expects US$900 million tariff hit as it shifts US iPhone supply to India
[SAN FRANCISCO] Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could cost the company and was disrupting its supply chain. Apple expects US tariffs to cost US$900 million in the current quarter, even though their impact was “limited” at the start of this year, chief executive Tim Cook said on…
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