Posts by Liam Redmond
Wall Street edges lower as investors weigh Middle East war risks
The tech-led recovery in the prior session helps the Nasdaq recover all weekly losses Published Thu, Mar 5, 2026 · 10:48 PM — Updated Thu, Mar 5, 2026 · 11:29 PM [NEW YORK] Wall Street’s main indexes edged lower on Thursday (Mar 5) as the Middle East conflict entered its sixth day, raising concerns of…
Read MoreHongkong Land’s underlying profit down 8% at US$458 million for FY2025
Earnings per share stood at US$0.5785 from a loss per share of US$0.6276 in the year before [SINGAPORE] Property developer Hongkong Land on Thursday (Mar 5) posted an underlying profit of US$458 million for the financial year ended Dec 31, down 8 per cent from US$499 million in the previous financial year. Revenue declined to…
Read MoreThailand to boost fuel reserves, bids to secure LNG amid Iran crisis
Published Thu, Mar 5, 2026 · 08:36 PM [BANGKOK] Thailand’s Prime Minister Anutin Charnvirakul convened a meeting of energy agencies on Thursday (Mar 5) as fears grew over supply if the war with Iran disrupts global shipment, spurring Bangkok to raise fuel reserves and rush to secure energy supplies. Thailand has about 95 days of…
Read MoreAscendas Hospitality Reit loses S$6.2 million hotel refurbishment claim against Park Hotel liquidators
The Reit, which is now part of CapitaLand Ascott Trust, may still refile the claim with supporting income documents [SINGAPORE] The Court of Appeal has rejected S$6.2 million from Ascendas Hospitality Reit’s (AH-Reit) S$32.1 million claim against the shuttered Park Hotel Clarke Quay, finding that the income losses arising from a voluntary refurbishment exercise are…
Read MoreIran war punctures strategy of ‘Sell America, Buy Asia’
Despite a rebound on Thursday, the MSCI Asia-Pacific Index has tumbled about 6% this week [HONG KONG] The war in Iran is forcing investors to reevaluate one of their most profitable stock strategies, leading some to conclude that the “Sell America, Buy Asia” trade has reached an inflection point. Despite a rebound on Thursday (Mar…
Read MoreCapitaLand Ascott Trust to be replaced by SIA Engineering on STI reserve list
[SINGAPORE] There will be no changes to the 30 constituents of the Straits Times Index (STI) after the latest quarterly review, said index administrator FTSE Russell on Thursday (Mar 5). However, SIA Engineering – the engineering arm of national carrier Singapore Airlines (SIA) – will replace CapitaLand Ascott Trust on the reserve list come Mar…
Read MoreHow our AI bots are ignoring their programming and giving hackers superpowers
Welcome to the age of AI hacking, in which the right prompts make amateurs into master hackers. A group of cybercriminals recently used off-the-shelf artificial intelligence chatbots to steal data on nearly 200 million taxpayers. The bots provided the code and ready-to-execute plans to bypass firewalls. Although they were explicitly programmed to refuse to help…
Read MoreUI Boustead Reit launches S$1.2 billion IPO at S$0.88 per unit
Following the offering, the trust will have a total market capitalisation of S$1.95 billion [SINGAPORE] UI Boustead Real Estate Investment Trust (Reit) has launched its initial public offering (IPO) of about 677.2 million units at S$0.88 each, and is expected to start trading on the Singapore Exchange mainboard on Mar 12. It expects to raise…
Read MoreAmundi, KKR, Temasek unit among bidders for UOB Asset Management: sources
Published Thu, Mar 5, 2026 · 06:37 PM [SINGAPORE] Amundi, KKR and Temasek Holdings’ Seviora unit are bidding for United Overseas Bank’s asset management arm, according to people familiar with the matter. The three have submitted non-binding offers to invest in UOB Asset Management, the people said, asking not to be identified because the information…
Read MoreCSE Global undergoes strategic review after request from controlling shareholder Heliconia Capital Management
It is weighing options including potential transactions involving its shares, or all or part of its business and assets [SINGAPORE] CSE Global is in the early stages of a strategic review and is assessing options including a potential transaction involving its shares, or, all or part of its business and assets. The mainboard-listed group said…
Read MoreSingapore stocks climb amid Asian equities rebound; STI up 0.7%
[SINGAPORE] Singapore stocks rose on Thursday (Mar 5), as Asian equities rebounded after a three-day rout sparked by the Middle East war. The benchmark Straits Times Index (STI) rose 0.7 per cent or 33.81 points to finish at 4,846.56. Across the wider Singapore market, gainers outperformed losers 376 to 231, after 1.7 billion securities worth…
Read MoreFirst home-grown gold ETF to list on SGX on Mar 26
[SINGAPORE] Singapore’s first home-grown physical gold exchange-traded fund (ETF), the LionGlobal Singapore Physical Gold ETF, will be making its listing debut on the Singapore Exchange (SGX) on Mar 26. The gold ETF is listed by Lion Global Investors (LGI), a subsidiary of Great Eastern Holdings and member of local bank OCBC, and will be traded in both…
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