Posts by Liam Redmond
Technology, industrial sectors lift STI Q1 total returns to 5.6%
[SINGAPORE] The benchmark Straits Times Index (STI) delivered a total return of 5.6 per cent in the first quarter of FY2026, supported by gains in the technology and industrial sectors. Among the top performing stocks with a market capitalisation of more than S$10 billion, by total returns, for the quarter, were ST Engineering (28.4 per…
Read MoreWall St opens lower after Trump’s comments dent Iran resolution hopes
Published Thu, Apr 2, 2026 · 09:47 PM [NEW YORK] Wall Street’s main indexes opened lower on Thursday (Apr 2), in the last session of a holiday-truncated week, after President Donald Trump signalled more aggressive attacks on Iran, dampening expectations for a swift end to the Middle East conflict. The Dow Jones Industrial Average fell…
Read MoreSingapore stocks end lower on Thursday amid geopolitical uncertainty; STI down 0.6%
Across the broader market, decliners outnumber advancers 368 to 210, after 1.5 billion securities worth S$1.7 billion change hands [SINGAPORE] Local stocks ended lower on Thursday (Apr 2) as regional indices also closed in the red. This followed President Donald Trump’s announcement that the US would continue its attacks on Iran without committing to a…
Read MoreDBS, Citigroup to help Blackstone’s AirTrunk list Singapore Reit: sources
Citigroup, DBS and Jefferies will help the Australian company to prepare for the listing Published Thu, Apr 2, 2026 · 07:45 PM [SINGAPORE] AirTrunk, the data centre operator Blackstone bought in 2024, has picked banks for a real estate investment trust (Reit) listing in Singapore that may raise about US$1.5 billion, according to people familiar…
Read MoreBlackstone’s AirTrunk picks banks for Singapore Reit IPO: sources
Citigroup, DBS and Jefferies will help the Australian company to prepare for the listing Published Thu, Apr 2, 2026 · 07:45 PM [SINGAPORE] AirTrunk, the data centre operator Blackstone bought in 2024, has picked banks for a real estate investment trust (Reit) listing in Singapore that may raise about US$1.5 billion, according to people familiar…
Read MoreCompetition watchdog seeks public feedback for Zuellig Pharma-Eli Lilly deal
Pact includes Zuellig Pharma having exclusive rights to manufacture the prescription erectile dysfunction medication, Cialis, in Singapore [SINGAPORE] The Competition and Consumer Commission of Singapore (CCS) has launched a public consultation regarding a deal for Zuellig Pharma to acquire the local rights to the prescription erectile dysfunction medication, Cialis, from US pharmaceutical major Eli Lilly.…
Read MoreSingapore biotech Mirxes misses 2025 results deadline as auditors probe vendor payments
[SINGAPORE] Local biotech company Mirxes has missed its mandatory deadline to publish full-year 2025 results after auditors flagged concerns over a “selected list of prepayments” to service providers and vendors. The Singapore-founded cancer diagnostics company had until Mar 31, 2026 to publish its results under Hong Kong Stock Exchange (HKEX) listing rules, but failed to…
Read MoreSingapore’s Q1 investment banking fees hit 3-year high of US$187.8 million
[SINGAPORE] Investment banking fees in Singapore reached about US$187.8 million in the first quarter of 2026, marking an 8.2 per cent year-on-year increase and the strongest opening quarter for the industry in three years. The London Stock Exchange Group’s (LSEG) Singapore Investment Banking Review report for Q1 on Thursday (Apr 2) showed that Citi was…
Read MoreChina tells private refiners to keep up fuel output at all costs
Any refineries that cut run rates and produce lower volumes will have their oil import quotas cut accordingly for the coming years Published Thu, Apr 2, 2026 · 04:43 PM [BEIJING] Chinese officials have told private refiners to keep fuel production at 2025 levels – even if they have to incur economic losses as a…
Read MoreBitcoin tumbles as Trump signals harder Iran strikes
Investors have pulled back from risk assets after the US president dampened hopes of an end to the conflict Published Thu, Apr 2, 2026 · 04:42 PM [SINGAPORE] Bitcoin tumbled in Asia on Thursday (Apr 2), after US President Donald Trump indicated that there would be harder strikes against Iran in the coming weeks. Cryptocurrencies…
Read MoreCGSI cuts SIA’s earnings projections for FY2027 by nearly 40% as fuel prices surge
The research house has also trimmed its forecast for the group’s FY2026 core net profit by 4% [SINGAPORE] Research house CGS International (CGSI) has lowered its expectations for Singapore Airlines’ ( SIA ) FY2026 and FY2027 earnings amid a surge in fuel prices. In a Thursday (Apr 2) report, analyst Raymond Yap said the forecast…
Read MoreBarclays’ private banking head Evonne Tan to be CEO of Schroders Asia Wealth Management from Jul 1
Published Thu, Apr 2, 2026 · 03:57 PM [SINGAPORE] Schroders Wealth Management has named Evonne Tan as the new chief executive officer of its Singapore-based Asia wealth management business as the group looks to drive strategic growth in Asia. Tan, whose appointment is subject to regulatory approval, is slated join the Schroders Wealth Management executive…
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