Posts by Liam Redmond
Singapore stocks slide as Iran ceasefire wavers, Fed rate hike fears grow
STI down 1%; DBS leads decline, dropping 1.3% to wipe out S$2.3 billion in market value [SINGAPORE] Singapore equities were a sea of red on Thursday (Jun 4) morning after hostilities in the Middle East flared again, further weakening the shaky ceasefire in the region. The Straits Times Index was down about 1 per cent…
Read MoreMarco Polo Marine shares plans to unlock value as boutique fund manager becomes substantial shareholder
CEO Sean Lee says company is riding growth momentum and hiving off shipyard business to Fuji Offset in RTO to fund expansion [SINGAPORE] For years, Marco Polo Marine has been flying under investors’ radar – operating a respectable but staid marine logistics business. But its move to carve out and inject its shipyard business into…
Read MoreGold rises as dip-buyers return after Israel-Lebanon ceasefire
The protracted disruption to energy flows via Hormuz has driven oil prices higher and raised concerns around global inflation Published Thu, Jun 4, 2026 · 09:19 AM [SINGAPORE] Gold pushed higher after Israel and Lebanon agreed to a conditional ceasefire, a possible step towards resolving the wider Middle East conflict that’s upended global energy markets…
Read MoreSamudera Shipping sells two vessels for US$23 million under fleet management, capital allocation strategy
[SINGAPORE] Samudera Shipping Line announced the disposal of two vessels as part of its ongoing fleet management and capital allocation strategy. Its wholly owned subsidiary Samudera Tankers has entered into agreements to dispose the vessels Sinar Malahayati and Sinar Mendawai to an unrelated third-party buyer on an en bloc basis. With an aggregate cash consideration…
Read MoreStoneweg Europe Stapled Trust sells French warehouse asset Parc de Meslay for 5.7 million euros
CEO of the managers says the divestment is part of the trust’s ongoing portfolio optimisation initiatives [SINGAPORE] The managers of Stoneweg Europe Stapled Trust (Sert) on Thursday (Jun 4) said that it has entered into a binding agreement for the divestment of Parc de Meslay in France for 5.7 million euros (S$8.5 million). The divestment…
Read MoreStocks to watch: Clar, DFI Retail Group, Sert, Samudera Shipping
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jun 4): CapitaLand Ascendas Reit (Clar) : The real estate investment trust (Reit) is buying a modern ramp-up logistics facility at 5 Tuas Avenue 5 for a purchase consideration of S$133.9 million in cash. The purchase price represents a…
Read MoreUS Fed’s Kevin Warsh inherits economy increasingly squeezed by inflation
Published Thu, Jun 4, 2026 · 08:34 AM US FEDERAL Reserve chairman Kevin Warsh inherits an economy bolstered by an artificial intelligence investment boom but pinched by rising prices from the Iran war, a Fed survey showed on Wednesday (Jun 3), setting up a fight over an interest rate hike at his debut policy meeting…
Read MoreBroadcom slides after AI chip outlook disappoints investors
The company has already begun delivering chips to OpenAI and is on track for production later this year Published Thu, Jun 4, 2026 · 08:13 AM [WASHINGTON] Broadcom shares fell in extended trading after the company delivered a disappointing forecast for artificial intelligence chip revenue, signalling its efforts to gain ground in the burgeoning industry…
Read MoreOutperforming Asia credit markets a draw for investors
These markets have remained resilient despite the energy shocks from the Middle East conflict, says JPMorgan Chase report [SINGAPORE] Credit markets in Asia have been resilient through the energy shocks and continue to outperform the US bond markets, attracting both local and foreign investors. The three-year annualised JP Morgan Asia Credit Index (JACI) performance for…
Read MoreSpaceX seeks US$75 billion in record IPO to fund AI, launch
The company expects to make its debut on Nasdaq and Nasdaq Texas under the symbol SPCX Published Thu, Jun 4, 2026 · 06:50 AM [NEW YORK] SpaceX is seeking to raise US$75 billion in an initial public offering that would be the biggest of all time, as Elon Musk’s rocket, satellite and artificial intelligence company…
Read MoreOil falls as Israel and Lebanon agree to conditional ceasefire
The oil market’s main focus remains the key waterway, through which one-fifth of global crude normally passes Published Thu, Jun 4, 2026 · 06:14 AM — Updated Thu, Jun 4, 2026 · 07:56 PM [LONDON] Oil prices fell on Thursday (Jun 4) as a ceasefire deal between Israel and Lebanon boosted hopes for a broader…
Read MoreOil gains as Middle East hostilities flare
The IEA’s warning that global oil inventories could hit critical levels ahead of peak summer demand Published Thu, Jun 4, 2026 · 06:14 AM [NEW YORK] Oil prices rose around 2 per cent on Wednesday (Jun 3), extending the previous session’s gains, as hostilities in the Middle East erupted anew and talks between Teheran and…
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