Posts by Liam Redmond
SpaceX IPO draws more than US$70 billion in retail orders
Published Thu, Jun 11, 2026 · 09:48 PM SPACEX’S initial public offering has attracted more than US$70 billion in orders from retail investors, according to people familiar with the matter, as the potentially record-breaking debut enters the home stretch. Retail investors are expected to be allocated at least 20 per cent of the available shares,…
Read MoreOpec lowers 2026 global oil demand growth forecast again
Published Thu, Jun 11, 2026 · 08:53 PM [LONDON] Opec on Thursday (Jun 11) lowered its forecast for world oil demand growth in 2026 to 970,000 barrels a day, the producer group said in its monthly report, marking the second straight downward revision. The group continues to see a smaller impact on consumption since the…
Read MoreECB raises rates to nip war-led inflation in the bud
Published Thu, Jun 11, 2026 · 08:42 PM [FRANKFURT] The European Central Bank raised interest rates for the first time in nearly three years on Thursday (Jun 11) in the hope of curbing inflation before a surge in energy costs triggered by the Iran war spreads more broadly across the euro zone economy. The well-telegraphed…
Read MoreThai hospitality group Minor International said to mull Singapore IPO instead of Hong Kong
Published Thu, Jun 11, 2026 · 07:56 PM THAILAND’S Minor International is considering listing its restaurant business in Singapore instead of Hong Kong as it sees greater interest from potential investors in the city-state, according to people with knowledge of the matter. Financial advisers are helping with a plan for Minor Food Group, which operates…
Read MoreSingapore stocks close higher; STI up 0.6%
Across the broader market, gainers outnumber losers 298 to 274 after 1.6 billion securities change hands [SINGAPORE] Singapore stocks ended higher on Thursday (Jun 11). The benchmark Straits Times Index (STI) gained 0.6 per cent or 29.25 points to finish at 4,988.10. Yangzijiang Shipbuilding led the gainers on Singapore’s blue-chip index, rising 3 per cent…
Read MoreAI predictions, consumer plays: analysts offer SGX playbook for World Cup 2026
The recommendations go beyond the standard sportswear and beer bumps to feature less obvious winners [SINGAPORE] As the 2026 Fifa World Cup kicks off across North America, market analysts are pointing to a surprising mix of Singapore equities that are set to benefit. While global consumer giants are the obvious winners, recent reports from Maybank…
Read MoreEvergreen funds making inroads into Asia: HarbourVest
They offer advantages over traditional closed-end funds, such as reduced workloads for investors [SINGAPORE] Evergreen funds have come into focus in Asia in recent years, offering investors a less-complicated means of maintaining continuous exposure to private-market assets than traditional closed-end funds. “Investing (through) single closed-end private equity (PE) funds could mean as many as 80…
Read MoreAirAsia X postpones Bahrain flight route due to regional conflict
The airline expects the service to start in August or September, subject to market conditions Published Thu, Jun 11, 2026 · 04:55 PM [KUALA LUMPUR] Malaysian low-cost airline AirAsia X said on Thursday (Jun 11) it has postponed the launch of its planned service via Bahrain until at least August, due to the conflict in…
Read MoreDBS initiates coverage on Centurion Corp with ‘buy’ call on strong bed growth visibility
[SINGAPORE] DBS Group Research initiated coverage on living-sector accommodation provider Centurion Corporation on Wednesday (Jun 10) with a “buy” recommendation and a target price of S$1.86. In an equity research note, DBS analysts Ng Jia Hui, Geraldine Wong and Derek Tan highlighted that the firm’s “earnings framework has evolved from a purely asset-heavy accommodation operator…
Read MoreMeta starts unwinding Singapore-based Manus deal by splitting operations, data
Facebook’s owner has effectively put up a firewall between itself and the AI firm, which moved here in 2025 Published Thu, Jun 11, 2026 · 04:35 PM [BEIJING] Meta Platforms has completed an operational split from Manus and halted data sharing between the two companies, taking a pivotal step towards unwinding a US$2 billion acquisition…
Read MoreEuropean shares edge higher ahead of ECB rate verdict; Middle East tensions eyed
Published Thu, Jun 11, 2026 · 04:10 PM EUROPEAN shares inched higher in choppy trading on Thursday (Jun 11), with escalating tensions in the Middle East keeping investors cautious ahead of the European Central Bank’s interest rate outlook later in the day. The pan-European Stoxx 600 index edged 0.3 per cent higher to 620.24 points…
Read MoreMalaysia’s SD Guthrie working with Indonesia on palm oil plantation seizures: CEO
The firm says 2% of its land has been seized by the Indonesian task force, amounting to around 2,800 ha Published Thu, Jun 11, 2026 · 03:58 PM [KUALA LUMPUR] Malaysia’s SD Guthrie is working with the Indonesian government on the issue of land seizures, affecting some of its palm oil plantations, its chief executive…
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