Posts by Liam Redmond
SLB Development jumps 33% after S$0.23-per-share privatisation offer from Lian Beng’s Ong family – The Business Times
SHARES of property player SLB Development surged on Monday (Jan 27) morning, after it announced last week that it had received a privatisation offer from Lian Beng’s Ong family. The counter was up 30.2 per cent or S$0.051 at S$0.22 after its trading halt was lifted at 9.20 am. SLB had called for a trading…
Read MoreSingapore-listed US office Reits soar on Trump’s return to office mandate – The Business Times
SINGAPORE-LISTED office real estate investment trusts (S-Reits) have surged in the past week, after US President Donald Trump signed an executive order mandating federal employees to return to in-person work. As at last Friday’s (Jan 24) close, the trio of US office Reits recorded a strong weekly gain of more than 10 per cent. Keppel…
Read MoreGold inches lower as US dollar rises, Fed meeting in focus – The Business Times
GOLD prices edged lower in early Asian hours on Monday (Jan 27) as the US dollar gained, while investors awaited more guidance on interest rate decision from the US Federal Reserve’s first meeting of 2025 later this week. Spot gold was down 0.1 per cent to US$2,768.01 per ounce, as at 0046 GMT. US gold…
Read MorePhilippine peso may test record low as central bank cuts rates – The Business Times
THE Philippine peso is veering towards an all-time low as the nation’s central bank plans to cut interest rates further in the face of slowing economic growth. Goldman Sachs, Barclays and Fitch Solutions see the peso testing 60 per US dollar mark by mid-year, while DBS Group Holdings predicts a fall to 60.8. The currency…
Read MoreSingapore shares track regional declines on Monday; STI down 0.2%
SINGAPORE shares ended lower on Monday (Jan 27), tracking declines in the region. The benchmark Straits Times Index declined 0.2 per cent or 7.55 points to 3,796.71. Across the broader market, losers outnumbered gainers 277 to 242, after one billion securities worth S$1.1 billion changed hands. Key indices in the region mostly ended lower on Monday.…
Read MoreJPMorgan, PineBridge stay bullish on Asia’s wobbling junk bonds – The Business Times
PINEBRIDGE Investments and JPMorgan Asset Management are sticking with bullish bets for Asian junk-rated bonds given elevated yields and a supportive economic outlook, looking beyond stresses in the Chinese property sector. Dragged down largely by refinancing concerns for Hong Kong builder New World Development and onshore Chinese developers including China Vanke, a Bloomberg index of…
Read MoreWall Street enters darker age with most stock trading now hidden – The Business Times
HERE’S a surprising new fact about the world’s largest and most-liquid public equity market: Most of the activity on it is not public anymore. For the first time on record, the majority of all trading in US stocks is now consistently occurring outside the country’s exchanges, according to data compiled by Bloomberg. This off-exchange…
Read MoreThomson Medical warns of H1 loss on poorer Malaysia performance – The Business Times
THOMSON Medical expects to report a loss after tax for the six months ended Dec 31, 2024, following a preliminary review of the unaudited financial results. This is mainly due to poorer performance of its Malaysia market, partly resulting from the termination and discounts of certain insurance contracts, it said in a bourse filing on…
Read MoreDave Coulier’s wife says his cancer treatment is getting ‘more difficult’: ‘He has some really tough days’
Dave Coulier’s wife, Melissa Coulier, shared an update on the actor’s health as he continues to undergo treatment for stage 3 non-Hodgkin lymphoma. “He has some really tough days, and as the chemo has been accumulating it gets a little tougher and more difficult,” she told ABC WXYZ Detroit on Wednesday. However, she said that…
Read MoreExclusive | VIP goodie bags at Trump inauguration included Diet Coke, medal with pics of prez, JD Vance
The Golden Globes isn’t the only recent starry event to include some unusual swag. Donald Trump’s inauguration also included a gift bag, we hear. Attendees say that they picked up their inaugural event passes at the historic Decatur House, just steps from the White House in Washington, DC — and that VIPs who were personal…
Read MoreMaryland woman faces 13 charges in crash that killed Vikings rookie Khyree Jackson
The woman involved in the July 6, 2024 car crash that killed Vikings rookie Khyree Jackson, along with two of his former high school teammates, was arrested on Thursday after a grand jury indicted her on 13 counts, including DUI and criminally negligent vehicular manslaughter. Prince George’s County prosecutors announced that Cori Clingman had been…
Read MoreLiam Coen’s stunning Jaguars odyssey coming to a close
A whirlwind week for the Jaguars now seems like it will end with a new head coach joining the franchise. Buccaneers offensive coordinator Liam Coen is expected to head north to Jacksonville to take over the Jaguars’ head coaching job, The Athletic’s Dianna Russini first reported. ESPN’s Adam Schefter reported that the two sides have…
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