Posts by Liam Redmond
Rex International falls 21.9% to S$0.168 on heavy trading after profit warning
SHARES of multinational oil exploration and production company Rex International fell on Friday (Feb 21) morning in heavy trading after the company said it was expecting to post a net loss in the upcoming release of its financial results. After midday trading break at 1.40 pm, its shares dived to an intraday low of S$0.168,…
Read MoreCitigroup scraps diversity goals, ‘DEI’ term under Trump pressure
CITIGROUP is ending workplace representation goals and removing requirements to interview job candidates from diverse backgrounds, citing pressure from the Trump administration. The bank will no longer have “aspirational representation goals” except as required by local law, and abandon a policy for diversity in candidates and interview panels, according to a memo to staff from…
Read MorePBOC injects most short-term funds this month amid cash crunch
The PBOC has been tolerating a surge in repo rates and kept liquidity conditions tight, aiming to support the yuan amid economic headwinds CHINA’S central bank increased injection of short-term funds into the financial system on Friday (Feb 21), in an attempt to ease a cash crunch that has roiled the nation’s bond market. The…
Read MoreChinese bubble tea chain Mixue aims to raise HK$3.45 billion in Hong Kong IPO
Bookbuilding for the IPO starts on Friday and the stock is due to begin trading on the Hong Kong Stock Exchange on Mar 3 CHINA’S largest bubble tea and drinks firm, Mixue Group, is seeking to raise HK$3.45 billion (S$592 million) in a Hong Kong initial public offering (IPO), according to a regulatory filing made…
Read MoreKayvon Thibodeaux knows he’s at a pivotal Giants crossroad
Kayvon Thibodeaux is eligible for a long-term commitment from the Giants, and not very long ago he figured he was on track to attain it. At this time last year, Thibodeaux was coming off a fully healthy 2023 season, piling up 11.5 sacks and putting on display hints of the talent the Giants saw in…
Read MoreApple’s Tim Cook meeting with Trump as tariffs threaten iPhones
PRESIDENT Donald Trump is meeting with Apple CEO Tim Cook at the White House on Thursday (Feb 20), according to a source familiar with their plans. The source shared the details of the meeting on the condition of anonymity, but did not provide the agenda for the discussion. Cook is among the tech industry leaders…
Read MoreTrump tariff worries set gold on course for eighth straight weekly gain
GOLD prices were little changed on Friday (Feb 21) but remained on track for an eighth successive weekly gain, driven by concerns over US President Donald Trump’s tariff plans, which could spark trade wars and stoke inflation. Spot gold was up 0.1 per cent to US$2,941.25 an ounce, as at 0018 GMT. Bullion rose about…
Read MorePopular media personality reveals why she felt ‘wave of shame’ after stranger recognized her child from Instagram: ‘Triggered a shift’
For Heidi Anderson, sharing her life online was second nature—until her digital footprint unintentionally became her son’s. Heidi has been in breakfast radio and reality TV, and she’s a well-known public figure in Perth. An Instagram presence comes with the territory. But she didn’t realize what that meant for her son, Memphis, until a shopping trip changed everything. A shopping trip…
Read MoreStocks to watch: Wilmar, SIA, Genting Singapore, Seatrium, Starhub, FEHT, The Hour Glass
THE following companies saw new developments that may affect trading of their securities on Friday (Feb 21): Wilmar: It posted on Thursday a 39.4 per cent fall in net profit to US$590.2 million for the six months ended December. Revenue for the half year rose 5.3 per cent to US$36.4 billion on stronger sales volumes.…
Read MoreMeta reduces stock options for staff despite trading at record highs: FT
META Platforms has cut back on its yearly distribution of stock options by about 10 per cent for tens of thousands of employees despite the social media giant trading at record highs this month, the Financial Times reported on Thursday. Employees receive equity refreshers every year that make up the majority of their remuneration, alongside…
Read More‘Micro artist’ creates world’s tiniest Lego block — the size of a human blood cell: ‘It blows your mind’
It was no small feat. British “micro artist” David Lindon set a Guinness World Record by creating a microscopic Lego block that is the same size as a human white blood cell — four times smaller than the previous record. Lindon’s creation is just .02517 millimeters in size, or .00099 inches, Guinness announced. David Lindon’s…
Read MoreSingapore Oil Hub Opportunities Amid US Tariff Uncertainty
The city-state may be able to leverage its robust infrastructure and strategic location to help companies adjust WITH US tariffs shaking up global trade, Singapore could profit by leveraging its position as Asia’s oil trading hub, turning price fluctuations into opportunities and helping companies navigate the turbulence, while securing supply advantages and optimising strategies, say…
Read More