Posts by Liam Redmond
Supermarket and minimart chain Hao Mart faces fifth High Court lawsuit
[SINGAPORE] Supermarket and minimart chain Hao Mart is facing a fifth High Court lawsuit, with hair and scalp care company Bio Organicare Scalp suing the retailer in what court records describe as a landlord-tenant dispute. The matter has been fixed for a case conference on Jul 16. Department store operator OG has been named as a third party in…
Read MoreAustralian shares extend losses on Middle East jitters, banks and miners top drag
Published Thu, Jul 9, 2026 · 10:11 AM AUSTRALIAN shares fell for a fourth straight session on Thursday (Jul 9), with heavyweight miners and banks leading declines after US President Donald Trump said the initial agreement signed with Iran to resolve the Middle East conflict was “over”. The S&P/ASX 200 index lost 0.8 per cent…
Read MoreDBS, OCBC, UOB push STI to new highs as institutions pile in ahead of earnings
[SINGAPORE] A surge of institutional capital into the Singapore market is driving local banks into uncharted territory, with DBS shares breaching the S$70 threshold for the first time. The counter rose 1.6 per cent to close at S$70.23 on Thursday (Jul 9). Shares of OCBC and UOB also hit record highs as they rose 2…
Read MoreAsian shares wobble as oil jumps on renewed Gulf hostilities
MSCI’s index of Asia-Pacific shares outside Japan has reversed earlier gains and was off 0.5% as the chipmakers’ rally cooled Published Thu, Jul 9, 2026 · 09:42 AM — Updated Thu, Jul 9, 2026 · 03:05 PM [SYDNEY] Asian shares wobbled on Thursday (Jul 9) as a rally in semiconductors lost momentum, while oil prices…
Read MoreAsian shares rise as chips rally, brent advances after renewed US-Iran tensions
Published Thu, Jul 9, 2026 · 09:42 AM ASIAN shares climbed for the first time in three days on Thursday (Jul 9), following a rally in chipmakers, as oil extended its gains after the US said it struck Iran for a second straight day. The MSCI Asia Pacific Index climbed 0.5 per cent, with South…
Read MoreGold’s epicentre is shifting to Asia, with prices buoyed by regional demand: analysts
It is set to trade near US$4,100 an ounce in H2, unless new factors such as a weaker US dollar push it towards US$5,000 [SINGAPORE] Asia is emerging as the new centre of gravity for the global gold market, with resilient regional demand supporting bullion prices as Singapore and Hong Kong strengthen their gold trading…
Read MoreMalaysia may hold policy rate, signal upcoming hike as AI boosts economic growth
Published Thu, Jul 9, 2026 · 08:38 AM MALAYSIA will likely hold its benchmark interest rate on Thursday (Jul 9) and signal a possible hike later this year as the artificial intelligence boom drives faster-than-expected economic growth. According to 24 of 25 economists surveyed by Bloomberg, Bank Negara Malaysia is set to keep its overnight…
Read MoreStocks to watch: SGX, Aims Apac Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jul 9): Singapore Exchange (SGX) : SGX has divested its wholly owned subsidiary, Scientific Beta, to global index provider Stoxx for a consideration of about 23 million euros (US$26.3 million), the local bourse operator said on Wednesday. The transaction…
Read MoreAims Apac Reit to acquire Perth freehold industrial property for US$29.6 million
Assuming the deal is fully funded by debt, the acquisition is expected to be distribution accretive [SINGAPORE] Aims Apac Reit (AA Reit) is acquiring a nearly 9.2 hectare freehold industrial landholding in Perth, Western Australia, for A$42.7 million (US$29.6 million). The property in the Hazelmere precinct comprises two adjoining plots of freehold land. The proposed…
Read MoreSamsung, SK Hynix and leveraged ETFs drive 70% of Korea trading, drawing criticism
Published Thu, Jul 9, 2026 · 07:46 AM RETAIL fervour over leveraged ETFs in South Korea has grown so intense that the products, together with the two chipmaker stocks they track, now make up more than 70 per cent of trading value in the US$4.3 trillion market. The anomaly has sparked criticism of regulators for…
Read MoreUS judge approves Elon Musk settlement with SEC despite misgivings, ‘red flags’
The judge asked why the SEC dropped its demand for Musk to give up ill-gotten gains to compensate his alleged victims Published Thu, Jul 9, 2026 · 06:59 AM A FEDERAL judge on Wednesday (Jul 8) approved the US Securities and Exchange Commission’s settlement with Elon Musk over his purchase of Twitter shares, despite expressing “significant misgivings” about the…
Read MoreFed policymakers’ inflation concerns grew at June meeting, minutes show
Published Thu, Jul 9, 2026 · 06:43 AM [WASHINGTON] Concern about high inflation mounted at the US central bank’s meeting last month, as officials followed Federal Reserve Chairman Kevin Warsh’s lead to a more stripped-down policy statement even amid concerns that price increases were broadening and might require interest rate hikes. A “few participants” at the…
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