Posts by Liam Redmond
Singapore to speed up cross-listing of foreign ETFs with 3-month approval target
This will lead to a wider range of exchange-listed products available to investors here: SGX [SINGAPORE] Singapore is moving to significantly cut the time it takes for asset managers to cross-list foreign exchange-traded funds (ETFs) on the Singapore Exchange (SGX), as it seeks to broaden investment choices and attract more issuers. SGX will introduce a…
Read MoreAsian stocks fall on tech weakness; Korean chipmakers Samsung, SK Hynix retreat
Published Tue, Jul 7, 2026 · 10:32 AM ASIAN equities dropped on Tuesday (Jul 7) as technology shares came under renewed selling pressure, with Samsung Electronics falling after its earnings report. The MSCI Asia Pacific Index slipped 0.6 per cent with decliners slightly outnumbering gainers. Technology stocks led losses, with Samsung falling more than 6…
Read MoreUOBKH ‘Alpha Picks’ lag STI on SMID weakness in June; UIBREIT added for July
The Singapore portfolio falls 8.2% on an equal-weighted basis while the STI gains 2.6% [SINGAPORE] The UOB Kay Hian (UOBKH) “Alpha Picks” portfolio for Singapore lagged its benchmark index in June 2026, while the Malaysia portfolio outperformed, said the brokerage on Friday (Jul 3). The Singapore portfolio declined 8.2 per cent month on month on…
Read MoreStocks to watch: DFI Retail Group, Banyan Group
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jul 7): DFI Retail Group : Current group chief financial officer Tom van der Lee has been appointed as CEO (Food), with group finance director for planning and reporting, Kaizhi Wu, set to take his place. Both changes will…
Read MoreEurope’s central banks may come under political pressure, Panetta says
Published Tue, Jul 7, 2026 · 07:49 AM [FRANKFURT] Central banks in Europe could come under growing pressure from governments facing rising demands for pension spending and industrial support, European Central Bank policymaker Fabio Panetta said on Monday. Germany, France and Italy are all struggling to fund higher defence spending, reviving industry and sustaining welfare…
Read MoreApple supplier Luxshare said to plan pricing Hong Kong listing at top, with Temasek and GIC as cornerstone investors
The components manufacturer has climbed more than 80% in Shenzhen over the past year, reaching a market value of US$71 billion Published Tue, Jul 7, 2026 · 06:47 AM [HONG KONG] Apple supplier Luxshare Precision Industry is poised to raise HK$24.3 billion (US$3.1 billion) after telling prospective investors it wants to price shares for its…
Read MoreEuropean shares retreat after hitting record high; easyJet surges on takeover offer
Industrial orders in the eurozone’s largest economy rise more than expected in May Published Tue, Jul 7, 2026 · 05:30 AM [BENGALURU] Europe’s benchmark Stoxx 600 index pulled back after hitting a record high on Monday (Jul 6) as investors cashed in on gains following a strong run, while a US$7.3 billion take-private offer boosted…
Read MoreXbox cuts 3,200 jobs as gaming business struggles
Xbox is hitting the reset button. Microsoft’s video game division plans to eliminate 3,200 jobs, or around 20% of its staff over the next year, as part of a sweeping reorganization to revive the company’s lagging games division. The cuts are driven by an increasingly challenging gaming landscape, said Xbox’s CEO Asha Sharma in a…
Read MoreAI actor Tilly Norwood to star in first movie
Controversial AI creation Tilly Norwood will star in her first movie, a comedy drama called “Misaligned.” The AI film portrays Tilly as an artificial intelligence being with “no real body” and no lived experience but with access to everyone else’s, according to Particle 6, the London-based company behind Norwood. Norwood drew intense ire from many…
Read MoreVolkswagen CEO faces acid test from unions over swingeing job cut plans
The plans will include significant cost reductions, the four plant closures and roughly 50,000 extra job cuts, sources say Published Mon, Jul 6, 2026 · 10:45 PM [LONDON/BERLIN] Volkswagen CEO Oliver Blume faces perhaps the biggest test of his leadership this week: persuading the German carmaker’s supervisory board to accept painful job cuts and factory…
Read MoreGold falls after weekly gain as Fed rate-hike concerns recede
Published Mon, Jul 6, 2026 · 10:28 PM [LONDON] Gold dropped after posting its first weekly advance since May on weakening expectations that the US Federal Reserve will hike interest rates. Bullion fell as much as 1 per cent to around US$4,137 an ounce, having gained more than 2 per cent last week to snap…
Read MoreLockheed to buy Ultra Maritime for US$3.45 billion in sea push
Published Mon, Jul 6, 2026 · 10:27 PM [NEW YORK] Lockheed Martin agreed to buy naval defence business Ultra Maritime, which focuses on submarine detection systems, for US$3.45 billion as the US defence giant broadens its undersea weapons portfolio. The business is being sold by private equity firm Advent’s Cobham Ultra subsidiary, according to a…
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