Posts by Liam Redmond
Riverstone Q1 profit falls 27.1% to RM41.1 million on a stronger ringgit
Revenue for the first quarter is down 15.1% at RM214.3 million despite steady sales volumes [SINGAPORE] Glove manufacturer Riverstone Holdings posted a 27.1 per cent drop in net profit to RM41.1 million (S$13.3 million) for its first quarter ended Mar 31, 2026, from RM56.4 million in the previous corresponding period. In an update released on…
Read MoreSaudi Aramco’s Q1 profit up 26% after Iran war-driven oil price rise
A key pipeline that connects its oil fields in the east to Yanbu port ‘has proven itself to be a critical supply artery’ Published Sun, May 10, 2026 · 02:26 PM SAUDI Aramco reported first-quarter profit that surpassed analysts’ expectations following a war-induced rise in prices of oil and refined fuels. Adjusted net income rose…
Read MoreAI drives markets as valuations race ahead of earnings
Is this a legitimate re-rating of the technology sector, or an overstretched bubble? STOCK markets around the world surged to record highs in April, defying geopolitical tensions, volatile energy prices and uncertainty over interest rates, as investors crowded into a small group of artificial intelligence and semiconductor giants. The rally has been strikingly narrow. Rather…
Read MoreIran war is draining world’s oil buffer at an unprecedented pace
THE WORLD has burned through oil inventories at a record speed as the Iran war throttles flows from the Persian Gulf, eating into the very buffer that protects against supply shocks. The rapidly shrinking stockpiles mean that the risk of even more extreme price spikes and shortages is getting ever-closer, leaving governments and industries with…
Read MoreS-Reit acquisitions regain momentum as capital reopens
[SINGAPORE] Acquisition activity among Singapore Reits (S-Reits) has picked up this year, signalling a measured return to growth as financing conditions stabilise. In the first four months of the year, S-Reits announced 11 acquisition transactions with a total value exceeding S$6.3 billion, already accounting for more than 70 per cent of the total acquisition value…
Read MoreBuybacks, director transactions and stake realignments
[SINGAPORE] Over the four sessions through to the May 7 close, 16 primary-listed companies conducted buybacks with a total consideration of S$16.1 million. At the same time, more than 90 director interests and substantial shareholdings were filed for more than 40 primary-listed stocks. Directors or CEOs reported 12 acquisitions and 13 disposals, while substantial shareholders…
Read MoreS-Reit acquisitions pick up with improved financing
[SINGAPORE] Acquisition activity among Singapore Reits (S-Reits) has picked up this year, signalling a measured return to growth as financing conditions stabilise. In the first four months of the year, S-Reits announced 11 acquisition transactions with a total value exceeding S$6.3 billion, already accounting for more than 70 per cent of the total acquisition value…
Read MoreLove Bonito eyes Middle East’s long-term prospects as losses trim
Driving its reduced losses in 2024 were measures to make operations more efficient Published Sun, May 10, 2026 · 11:00 AM SINGAPORE-based fashion retailer Love Bonito felt the effects as consumers in the city-state pulled back on discretionary spending in 2025. Last year, the company’s top line came down “modestly” in 2025 compared to 2024 as it…
Read MoreJustin Bieber played ultra A-list Montecito party, with AI defense execs in the crowd
Just weeks after Justin Bieber’s well-received Coachella headline gig, the singer played a small private event for tech, entertainment and defense industry moguls. Executives at controversial firms, such as surveillance tech giant Palantir, were also on the bill. Bieber was a headliner at WNDR, entertainment executive Jeffrey Katzenberg’s invitation-only confab at the Rosewood Miramar in…
Read MoreEurope: Shares slide as Middle East tensions flare
Published Sat, May 9, 2026 · 11:15 AM [BENGALURU] European shares slipped on Friday (May 8) in broad-based losses as a flare-up in the Middle East conflict hit risk sentiment at the end of a week dominated by geopolitics. The pan-European Stoxx 600 closed down 0.7 per cent at 612.14 points, though it posted a…
Read MoreOil ticks higher as Gulf clashes threaten to derail ceasefire
Brent crude up 1.2% to settle around US$101 a barrel, but still notches a weekly drop of about 6% Published Sat, May 9, 2026 · 11:07 AM [NEW YORK] Oil edged higher as traders speculated on whether fresh clashes between the US and Iran would derail a fragile ceasefire, dimming hopes a peace deal may…
Read MoreUS: S&P 500 and Nasdaq notch records, boosted by AI and earnings optimism
Published Sat, May 9, 2026 · 10:57 AM [BENGALURU] The S&P 500 and the Nasdaq notched record highs on Friday (May 8), boosted by gains in Nvidia, Sandisk and other AI-related stocks, while a stronger-than-expected jobs report pointed to labour market resilience. Nvidia climbed 1.8 per cent, while memory and storage sellers Micron Technology and…
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