Posts by Liam Redmond
Alibaba bids US$1.5 billion for China grocer in fight with Meituan
Published Fri, Jun 12, 2026 · 10:12 AM [HONG KONG] Alibaba Group Holding is offering US$1.5 billion to acquire Chinese grocery delivery firm Pupu, initiating a bidding war as part of a broader campaign to wrest market share from Meituan in online commerce. China’s largest consumer Internet platform’s proposed price is more than double an…
Read MoreSingapore Kitchen Equipment defends move to keep CEO, senior manager in jobs despite criminal charges
[SINGAPORE] Singapore Kitchen Equipment ( SKE ) said on Thursday (Jun 11) that two executives, including its CEO, have been kept in their positions despite being charged with fraud and falsifying accounts because the criminal case has yet to be concluded. The company said in response to queries from the Singapore Exchange that CEO Chua…
Read MoreBank of Japan set to hike rates to 31-year high, drop hawkish signals
The decision would align the BOJ with other central banks shifting towards tighter policy Published Fri, Jun 12, 2026 · 09:49 AM [TOKYO] The Bank of Japan (BOJ) is set to raise interest rates to a 31-year high next week and signal its readiness to keep pushing up borrowing costs, undeterred by the absence of…
Read MoreDeutsche Bank names Robert Huray South-east Asia investment banking head
The changes come at a time as Hong Kong and China now drive most dealmaking and revenue for global banks operating in Asia Published Fri, Jun 12, 2026 · 09:33 AM [HONG KONG] Deutsche Bank appointed Robert Huray head of investment banking and capital markets for South-east Asia, according to people familiar with the matter, marking…
Read MoreFrom moonshot to markets: Understand the mechanics before plunging into SpaceX’s mega IPO
For investors, the more interesting point is not the headline valuation, but what actually comes into the market. EVERY once in a while, the markets are presented with an IPO story that feels larger than finance. SpaceX is one of those stories, and its IPO will make its much anticipated debut on the Nasdaq on…
Read MoreAs SpaceX scores a record US$75b IPO, retail investors can turn to ETFs for a piece of the space economy
But such funds should not be taken as just a stand-in for owning shares of Elon Musk’s firm, professionals say [SINGAPORE] With SpaceX making its Nasdaq debut on Friday (Jun 12), retail investors can look to space-themed exchange-traded funds (ETFs) as an alternative way to tap into the expanding space economy. SpaceX’s long-awaited initial public…
Read MoreAdobe’s CFO departs while company also searches for new CEO
The software maker’s Photoshop and other software have long been the standard for creative and marketing professionals Published Fri, Jun 12, 2026 · 08:48 AM [SAN FRANCISCO] Adobe said that its chief financial officer would depart, leaving the company without a top tier of veteran leadership after CEO Shantanu Narayen announced in March that he…
Read MoreStocks to watch: CDL, Singapore Kitchen Equipment
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jun 12): City Developments Ltd (CDL) : A tie-up between City Developments Ltd (CDL) and Hong Realty on Thursday has placed the top bid of S$542.4 million for a 99-year leasehold private housing site in Peck Hay Road, a…
Read MoreRate hikes unlikely despite hot inflation and strong jobs in US: Amundi
Former Fed chair Janet Yellen also does not expect rate increases soon, due to uncertainty over oil prices [PARIS] Interest rate hikes in the US might not come in the next few months despite recent overwhelming market consensus that they will, said participants at the Amundi World Investment Forum 2026 on Thursday (Jun 11). That…
Read MoreIndonesia’s Danantara unit raises US$1.5 billion in debut dollar bond
The notes are expected to be issued on Jun 18 under its US$5 billion global medium-term note programme Published Fri, Jun 12, 2026 · 08:19 AM [SINGAPORE] A unit of Indonesia’s sovereign wealth fund Danantara raised US$1.5 billion in its debut US dollar bond sale, a term sheet seen by Reuters early on Friday (Jun…
Read MoreAsian stocks joins global rally on US-Iran breakthrough hopes
Overnight, Wall Street rallied with the three major indexes registering their biggest daily gains since Apr 8 Published Fri, Jun 12, 2026 · 08:08 AM — Updated Fri, Jun 12, 2026 · 12:15 PM [SYDNEY] Asian stocks joined a global rally on Friday (Jun 12) on hopes a Middle East peace deal may finally materialise,…
Read MoreSpaceX IPO makes Elon Musk the world’s first trillionaire
Elon Musk has co-founded five other companies, including tunnelling startup The Boring Company and brain implant maker Neuralink Published Fri, Jun 12, 2026 · 07:30 AM FEW business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in Internet culture and amassed a…
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