Posts by Liam Redmond
Dollar ticks up on Iran tension, with US data in focus
Published Wed, Aug 12, 2026 · 08:07 PM [LONDON] The dollar ticked higher on Wednesday (Aug 12), underpinned by renewed Gulf tensions, with markets focused on upcoming US economic data for signals on the Fed’s policy trajectory. Oil prices edged up after the United States and Yemen’s Iran-aligned Houthis reported separate attacks on shipping on…
Read MoreNTT DC Reit posts Q1 net property income of US$27.9 million, beats IPO forecast by 5%
[SINGAPORE] The manager of pure-play data centre real estate investment trust (Reit) NTT DC Reit on Wednesday (Aug 12) posted a net property income of US$27.9 million for the three months ended Jun 30. This beat the initial public offering projection of US$26.6 million by 5 per cent. The manager attributed the performance to lower…
Read MoreGoogle co-founder Sergey Brin spending more than $100 million fighting California wealth tax
The fight over a proposal to tax the assets of California billionaires to fund healthcare is getting more expensive. Google co-founder Sergey Brin has poured $102 million this year into Building a Better California, a group that’s funding two ballot measures that could block a billionaire tax, data from the California Secretary of State show.…
Read MoreUOL H1 net profit rises 23% to S$252.2 million on joint venture profits
[SINGAPORE] Property developer UOL Group posted a 23 per cent year-on-year increase in net profit to S$252.2 million for the first half ended Jun 30, from S$205.5 million. The profit growth was driven mainly by a higher share of profits from joint venture property developments and net fair value gains on investment properties, the company…
Read MoreABN Amro beats on profit, boosts key revenue source outlook
It posted net income for the three months through June of 780 million euros (US$900 million) Published Wed, Aug 12, 2026 · 04:56 PM [AMSTERDAM] ABN Amro Bank reported quarterly profit that beat analysts’ estimates on higher fees and growth in lending income, prompting the Dutch bank to raise the outlook for its biggest revenue…
Read MoreTata Sons chairman unexpectedly resigns before shareholder vote
Published Wed, Aug 12, 2026 · 03:44 PM [NEW DELHI] Natarajan Chandrasekaran said he will step down as chairman of Tata Sons when his term ends in February 2027, throwing the salt-to-software conglomerate into uncertainty at a time when it’s spearheading the country’s push into high-tech sectors. Chandra, as he’s widely known, said on Wednesday…
Read MoreCommonwealth Bank of Australia’s record profit is clouded by 15% mortgage application slump
Lender’s full-year cash profit rises 7.1% to record A$10.98 billion; it warns of a slowing economy Published Wed, Aug 12, 2026 · 02:47 PM [SYDNEY] Commonwealth Bank of Australia (CBA) said that mortgage applications had dropped 15 per cent since property tax changes in May, one of several challenges facing the country’s largest lender even…
Read MoreSuper Micro forecasts sales of up to US$15.5 billion, topping rosiest projection
The California-based firm benefits from surging demand for gear to train and run AI tasks Published Wed, Aug 12, 2026 · 12:49 PM [SEATTLE] Super Micro Computer gave a revenue forecast for the current quarter that topped analysts’ estimates, a sign the booming artificial intelligence market continues to bolster sales of the company’s servers. Revenue…
Read MorePunching above their weight: Boutique gyms finding their niche in the face of competition, rising costs
Opening a competitive commercial gym will set potential owners back at least S$750,000 – a figure that’s been increasing [SINGAPORE] Eager to open a boutique training gym, Li Kun Rong emptied his bank account four years ago – which had less than S$70,000 at the time – to launch Storm Athletic Club. That amount was…
Read MoreAsian tech stocks rise as oil advances; South Korea’s Kospi up 2.8%
Sentiment towards technology stays buoyant with Nvidia-backed CoreWeave surging 16% in extended trading Published Wed, Aug 12, 2026 · 10:45 AM TECHNOLOGY shares led gains in Asian equities while crude oil climbed as traders remained wary about the prospects for a Middle East deal, tempering the mood in the run-up to crucial US inflation data.…
Read MoreHello Kitty owner Sanrio’s shares plunge most since 2014 after 1Q earnings miss
Sanrio shares had risen almost 50% since the beginning of 2026 through Aug 10, outperforming Topix Published Wed, Aug 12, 2026 · 10:41 AM — Updated Wed, Aug 12, 2026 · 10:48 AM SANRIO shares tumbled as much as 20 per cent, the most in more than 12 years, after the company’s first quarter operating…
Read MoreJane Street repaying US$5.5 billion loan in overhaul of debt load
Jane Street has been buoyed by volatile markets as well as private, longer-term investments in AI and tech firms Published Wed, Aug 12, 2026 · 09:43 AM JANE Street is repaying US$5.5 billion of floating-rate loans as part of a broader overhaul of its US$11 billion debt load. The market-making giant is also poised to…
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