Posts by Liam Redmond
iEdge Next 50 Liquidity Weighted Index outperforms STI on tech strength
[SINGAPORE] The iEdge Singapore Next 50 Liquidity Weighted Index outpaced the Straits Times Index (STI) in year-to-date total returns, data from an SGX market update on Thursday (Apr 16) showed. As at the morning trading session on Thursday, the index recorded a 9.7 per cent year-to-date total return, compared with the STI’s 8.9 per cent.…
Read MoreECB policymakers play down April rate hike chances
Published Fri, Apr 17, 2026 · 06:43 AM [WASHINGTON] European Central Bank policymakers played down the chance of a rate hike as soon as this month, arguing that more data will be needed and the precise timing of a move was of secondary importance in any case. Inflation surged past the ECB‘s 2 per cent target…
Read MoreOil prices rise on doubts US-Iran peace talks will ease Hormuz disruption
Oil markets also did not react to Trump’s announcement of a 10-day ceasefire between Israel and Lebanon Published Fri, Apr 17, 2026 · 06:06 AM [NEW YORK] Oil prices rose on Thursday (April 16) on skepticism that forthcoming peace talks between the US and Iran would be able to resolve disruptions to Middle Eastern energy supplies caused by…
Read MoreEuropean shares muted with Middle East developments, corporate results in focus
Published Fri, Apr 17, 2026 · 05:54 AM EUROPEAN shares were little changed on Thursday as markets weighed progress toward a potential resolution to the Middle East conflict, while investors assessed a fresh batch of corporate earnings. The pan-European Stoxx 600 index ended flat at 616.95 points. Regional bourses were mixed, with Germany’s DAX and London’s FTSE…
Read MoreUS stocks: S&P 500, Nasdaq edge up to new records with Middle East hopes in focus
Nasdaq’s gain represented its 12th consecutive advance, its longest winning streak since July 2009 Published Fri, Apr 17, 2026 · 05:49 AM THE benchmark S&P 500 and the tech-heavy Nasdaq rose modestly to record closing highs for a second straight day on Thursday on optimism that the worst of the Middle East conflict had passed…
Read MoreRupiah hits record low against Singdollar, threatening Indonesian arrivals and trade
Published Thu, Apr 16, 2026 · 10:28 PM [SINGAPORE] Indonesia’s rupiah hit a fresh low against the Singapore dollar on April 15, weighed down by rising oil prices linked to the Iran war and capital outflows from the country’s bond and equity markets. The currency weakness has raised concerns about a potential pullback in Indonesian demand for Singapore…
Read MoreWall Street indexes open higher as Mideast diplomacy hopes, earnings lift sentiment
Published Thu, Apr 16, 2026 · 09:40 PM [NEW YORK] Wall Street’s main indexes opened higher on Thursday (Apr 16) on rising hopes that the worst of the Middle East conflict had passed, while a wave of solid earnings allayed concerns about the health of the economy. The Dow Jones Industrial Average rose 94.1 points,…
Read MoreHollywood editors get new AI tool
Avid Technology, the editing software company, is the latest entertainment industry player to introduce AI into its toolbox. The company behind industry-standard platforms Pro Tools and Media Composer said it is entering a multiyear partnership with Google Cloud. The goal is to implement both generative and agentic AI so that users can turn the “mostly…
Read MoreYangzijiang Maritime orders 8 giant oil tankers, sells 4 smaller vessels in twin deals
The acquisition will be funded through a combination of equity co-investment and debt financing [SINGAPORE] Yangzijiang Maritime has signed contracts to acquire eight very large crude carrier (VLCC) newbuilds and sell four medium-range tankers, in a pair of transactions that the group said demonstrate its “proven capabilities and track record to originate, build, monetise and…
Read MoreFLCT acquires Dutch logistics facility for 43 million euros
[SINGAPORE] The manager of Frasers Logistics & Commercial Trust (FLCT) announced on Thursday (Apr 16) that it has completed the acquisition of a freehold logistics property in Hapert, the Netherlands, for a gross purchase price of 43 million euros (S$64.4 million). The transaction was finalised on Wednesday through a sale-and-purchase agreement with the vendor, VDG…
Read MoreChina’s Sigenergy shares more than double in Hong Kong debut after HK$4.4 billion IPO
It is the fourth most actively traded stock by turnover on the territory’s bourse Published Thu, Apr 16, 2026 · 07:00 PM [HONG KONG/SINGAPORE] Sigenergy Technology, a Chinese energy storage systems maker, ended 103.4 per cent higher in its Hong Kong market debut on Thursday (Apr 16), after raising HK$4.4 billion (S$715 million) in an…
Read MoreSingapore stocks fall, bucking regional trend; STI down 0.3%
Across the broader market, gainers outnumber losers 397 to 219 after 2.1 billion securities change hands [SINGAPORE] Stocks on the local bourse closed lower on Thursday (Apr 16), despite a positive regional performance and growing optimism that the US and Iran will extend their ceasefire to continue negotiations. The benchmark Straits Times Index (STI) lost…
Read More