Posts by Liam Redmond
Litigation against OUE Reit independent director discontinued
The unitholder of Dasin Retail Trust who filed an originating claim against Tan Huay Lim in 2023 has withdrawn it [SINGAPORE] Litigation has been discontinued against Tan Huay Lim, an independent director at the manager of OUE real estate investment trust (Reit), the company announced in a Monday (May 11) bourse filing. Zhang Zhencheng, a…
Read MoreUK fintech Wise makes US trading debut with dual listing
Billionaire Peter Thiel, Silicon Valley’s Andreessen Horowitz and UK-based Baillie Gifford were among its early investors Published Mon, May 11, 2026 · 10:08 PM WISE Group is making its trading debut in the US with a Nasdaq listing as the financial technology firm tries to take advantage of a larger stock market and its legions…
Read MoreSIA Engineering raises dividend as ‘robust’ demand drives H2 earnings up 20.9%
The Middle East conflict has, however, introduced supply chain disruptions and inflationary pressures [SINGAPORE] SIA Engineering Company ( SIAEC ) posted a 20.9 per cent year-on-year rise in net profit to S$85.6 million for the six months ended Mar 31. This came on the back of a 3.7 per cent increase in revenue to S$693.9…
Read MoreFox Corp beats third-quarter revenue estimates on strong ad sales from news, sports
It reports revenue of US$3.99 billion, against analysts’ average estimate of US$3.82 billion Published Mon, May 11, 2026 · 09:30 PM [BENGALURU] Fox Corporation beat Wall Street estimates for third-quarter revenue on Monday (May 11), boosted by strong advertising sales in its sports and news divisions, and strength in the media company’s streaming service Tubi.…
Read MoreIsca panel urges firms to ditch boilerplate guidance, bridge trust gap
Acknowledging uncertainties with the right assumptions can build credibility with investors [SINGAPORE] Building trust with investors requires clarity, as well as a stronger alignment between business strategy and finance teams, panellists at an industry forum said on Monday (May 11). Singtel’s chief financial officer (CFO) Arthur Lang said that it took about two-and-a-half to three…
Read MoreMapletree buys 39-ha site in New Jersey for logistics facility, in sixth US development project
The new development will be near key air cargo hubs and seaports, and comprise two warehouse buildings [SINGAPORE] Mapletree Investments has acquired a site the size of 55 football fields in New Jersey, where it is planning its largest US logistics facility to date, adding to its US portfolio of six greenfield sites currently in…
Read MoreOil rises after Trump rejects Iran’s response to US peace proposal
Published Mon, May 11, 2026 · 06:37 PM [LONDON] Oil prices rallied on Monday, a day after President Donald Trump said Iran’s response to a US peace proposal was “unacceptable”, raising supply fears as the Strait of Hormuz stayed largely closed, which kept the global market tight. Brent crude futures climbed US$2.70 or 2.67 per cent…
Read MoreSaudi crude exports to China set for record low in June amid high prices, sources say
Its state oil giant Aramco will ship about 10 million barrels to Chinese customers for the month Published Mon, May 11, 2026 · 06:34 PM [RIYADH] Saudi Arabia’s crude oil exports to China are set to fall further in June – after buyers cut nominations because of costly prices linked to the US-Iran conflict, trade…
Read MoreOCBC, UOB, DBS lead Singapore stocks higher on Monday; STI up 0.4%
Across the broader market, losers outpace gainers 340 to 279, as 2.1 billion securities worth S$2.6 billion change hands [SINGAPORE] Singapore stocks ended higher on Monday (May 11), with the benchmark Straits Times Index (STI) rising 0.4 per cent or 20.87 points to 4,942.77. OCBC led the gainers on the blue-chip index, advancing 2.6 per…
Read MoreEuropean shares tepid as markets weigh US-Iran deadlock
Published Mon, May 11, 2026 · 05:49 PM EUROPEAN shares were muted on Monday, as stalled US-Iran peace negotiations pushed oil prices higher and weighed on risk appetite. The pan-European Stoxx 600 was flat at 611.68 points, as of 0805 GMT. Regional bourses moved in different directions, with London’s FTSE 100 edging 0.2 per cent…
Read MoreSIA boosts Europe flight frequencies, returns to Madrid amid strong travel demand
Its weekly flights to Europe have increased by almost 12% over the last two months [SINGAPORE] Singapore Airlines (SIA) is ramping up its flights to Europe, even as it pulls back on its services to the Middle East. Over the last two months, the national carrier has increased its weekly flights to Europe by 11.9…
Read MoreChina’s private refiners seek Beijing approval to cut run rates as Iran war hits margins
Published Mon, May 11, 2026 · 02:53 PM [BEIJING] China’s private refiners have sought government approval to cut oil-processing rates, a month after Beijing ordered them to produce at any cost in order to secure domestic fuel availability. The processors – working through local authorities – have asked Beijing for permission to cut back as…
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