Posts by Liam Redmond
Burberry’s cautious outlook disappoints after sales boost
Published Thu, May 14, 2026 · 05:29 PM BURBERRY Group disappointed investors after the British luxury brand issued a cautious outlook for this fiscal year and warned geopolitical and economic uncertainty may hurt shopper confidence. The maker of tartan scarves and gabardine trench coats declined to give detailed targets other than to say momentum will…
Read MoreTemasek-backed Manipal Hospitals set to start marketing US$1 billion IPO: sources
The company is targeting a valuation of about US$12 billion during two weeks of meetings with investors Published Thu, May 14, 2026 · 04:39 PM [MUMBAI] Manipal Health Enterprises, which runs the Manipal Hospitals chain, is set to begin formal marketing as early as next week for its planned initial public offering to raise more…
Read MoreCitadel asked some Hong Kong staff to relocate, FT reports
Published Thu, May 14, 2026 · 04:33 PM HEDGE fund Citadel has moved some of its core researchers out of Hong Kong, telling members of its global quantitative strategies team in recent months that they had to either relocate or leave the company, the Financial Times reported on Wednesday. Miami-based Citadel told Reuters that the…
Read MoreUK regulator to toughen private credit reporting, sources say
Scrutiny has increased following several private-market related borrower failures that have left creditors facing losses Published Thu, May 14, 2026 · 03:58 PM [LONDON] Britain’s financial regulator is preparing to force private credit managers to report more detailed and tailored data, sources told Reuters, as it seeks to increase scrutiny of the fast-growing and still…
Read MoreUS clears H200 chip sales to 10 China firms as Nvidia CEO looks for breakthrough
Published Thu, May 14, 2026 · 03:14 PM [WASHINGTON] The US has cleared around 10 Chinese firms to buy Nvidia’s second-most powerful AI chip, the H200, but not a single delivery has been made so far, three people familiar with the matter said, leaving a major technology deal in limbo as CEO Jensen Huang seeks…
Read MoreBlackRock’s GIP teams up with Temasek, Abu Dhabi heavyweights to target US$30b in infrastructure deals
It will also consider select investments within the wider Middle East and North Africa region Published Thu, May 14, 2026 · 02:45 PM [DUBAI] BlackRock’s GIP has partnered with Singapore’s Temasek and Abu Dhabi’s newest wealth fund L’IMAD and state oil firm ADNOC to launch an infrastructure partnership targeting US$30 billion of investment across the…
Read MoreHonda forecasts profit recovery after first ever annual loss
Published Thu, May 14, 2026 · 01:53 PM [TOKYO] Honda Motor forecasts a rebound in operating profit for the current fiscal year, even after an ill-timed bet on electric vehicles led to a writedown and a record loss. The manufacturer of cars and motorcycles sees a profit of 500 billion yen (S$4 billion) for the…
Read MoreOCBC signs 5-year partnership with Australian government to boost regional investment, trade
The framework will focus on sectors including energy transition, green transportation and fintech [SINGAPORE] OCBC and the Australian High Commission in Singapore have inked a five-year partnership to boost trade and investment flows between South-east Asia and Australia. This framework will focus on high‑growth sectors such as energy transition and infrastructure, resources, green transportation, fintech…
Read MoreAI boom puts SK Hynix on the cusp US$1 trillion market value
Published Thu, May 14, 2026 · 11:55 AM [SEOUL] SK Hynix is on the verge of topping a US$1 trillion market value, just weeks after Samsung Electronics crossed the milestone, as strong demand for artificial intelligence places South Korea at the heart of Asia’s AI boom. SK Hynix shares have risen more than 200 per…
Read MoreWar turmoil saps Asian reserves with Philippines, India hit most
While central banks have been active to support their currencies, losses are significant Published Thu, May 14, 2026 · 10:27 AM [MUMBAI] Foreign-exchange reserves are slumping across Asia as policymakers shell out funds to defend their currencies against the spike in oil prices caused by the Iran war. The Philippines has led losses with its…
Read MoreSingPost, Fullerton Health to collaborate on healthcare logistics, last-mile medical delivery
[SINGAPORE] Singapore Post (SingPost) and Fullerton Healthcare Group on Thursday (May 14) announced the signing of a memorandum of understanding (MOU) for the co-development of a robust, integrated healthcare delivery ecosystem. The collaboration aims to tap SingPost’s nationwide and community infrastructure – specifically, its extensive logistics and warehousing capabilities – and the clinical and pharmaceutical expertise…
Read MoreMalaysia IPOs surge toward 13-year high amid wave of upcoming listings
The South-east Asian country has been a rare bright spot even as the Middle East conflict roiled markets elsewhere Published Thu, May 14, 2026 · 08:50 AM [KUALA LUMPUR] Initial public offerings (IPOs) are booming in Malaysia and a wave of upcoming listings, including by a chip design firm, is powering the market towards the…
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