Posts by Liam Redmond
TikTok to close Nashville office, lay off 250 employees
TikTok said Wednesday it will close its Nashville office in October, laying off 250 workers. The move is a retrenchment from the social video company’s expansion into Nashville in 2024 and comes as many tech companies are reevaluating their workforce amid the growth of artificial intelligence. “We have decided to close our Nashville office to…
Read MoreSGX has IPO pipeline of around 50 companies in various stages of readiness amid record results
It reports a 7.8% rise in FY2026 net profit to S$698.4 million, driven by gains across all segments [SINGAPORE] Singapore Exchange (SGX) says its pipeline of initial public offerings (IPOs) has grown to about 50 companies in “various stages of engagement and preparation”, even as the bourse reported on Thursday (Aug 6) record revenue and…
Read MoreDeepSeek invests US$20.8 million in Unitree’s Shanghai IPO
The companies say they will combine DeepSeek’s expertise in AI models with Unitree’s work in mechanical engineering Published Thu, Aug 6, 2026 · 10:35 PM [BEIJING] Chinese artificial intelligence startup DeepSeek has invested 140.8 million yuan (US$20.8 million) in robot maker Unitree and agreed to jointly develop AI models for humanoid machines, according to a…
Read MoreS&P 500, Nasdaq open lower as tech stocks weigh; Middle East in focus
Published Thu, Aug 6, 2026 · 10:06 PM [NEW YORK] The benchmark S&P 500 and the Nasdaq opened lower on Thursday (Aug 6), weighed by a drop in technology stocks as strong forecasts from Western Digital and SanDisk failed to impress, while investors also awaited details on a Middle East peace deal. The Dow Jones…
Read MoreAlphabet returns to bond market despite AI spending worries
It is offering notes in as many as 10 parts, with maturities ranging from two to 40 years, sources say Published Thu, Aug 6, 2026 · 08:33 PM ALPHABET has started marketing a US investment-grade bond offering, testing investor appetite soon after its raised 2026 spending forecast helped trigger a sell-off in AI-related debt. The…
Read MoreAlphabet looks to raise up to US$25 billion from latest bond sale, source says
It is offering notes in as many as 10 parts, with maturities ranging from two to 40 years, sources say Published Thu, Aug 6, 2026 · 08:33 PM ALPHABET has started marketing a US investment-grade bond offering, testing investor appetite soon after its raised 2026 spending forecast helped trigger a sell-off in AI-related debt. The…
Read MoreUS dollar ticks up as markets await Iran deal news, look towards payrolls
Published Thu, Aug 6, 2026 · 07:57 PM [LONDON] Currency markets drifted on Thursday (Aug 6) with the Japanese yen retracing some intervention-led gains and the US dollar edging away from a six-week low, as investors awaited more details on a proposed US-Iran deal and looked ahead to Friday’s US jobs report. The yen was…
Read MoreYangzijiang Shipbuilding H1 net profit rises 28.4% to US$800 million on higher-margin vessels
[SINGAPORE] Yangzijiang Shipbuilding posted a 28.4 per cent rise in net profit to 5.4 billion yuan (US$800 million) for its first half-year ended Jun 30, 2026, from 4.2 billion yuan in the previous corresponding period. This was mainly due to higher shipbuilding revenue from the progressive construction of vessels secured at higher contract prices, and…
Read MoreSingapore stocks rise on blue-chip gains; STI up 1%
Across the broader market, gainers trail losers 239 to 338, with 896.7 million securities worth S$2.1 billion traded [SINGAPORE] Singapore stocks ended higher on Thursday (Aug 6). The benchmark Straits Times Index (STI) gained 1 per cent or 57.62 points to finish at 5,638.99. DFI Retail Group led the gainers on Singapore’s blue-chip index, rising…
Read MoreCenturion Accommodation Reit eyes sponsor pipeline for acquisitions as H1 results beat IPO forecast
The Reit may look at Centurion Corporation’s development assets, including the upcoming Kranji Close dormitory [SINGAPORE] A pipeline of assets under development by Centurion Corp could be assessed for acquisition by Centurion Accommodation Real Estate Investment Trust (CAReit), the Reit’s manager said. One such asset is the sponsor’s newly announced Kranji Close project. On Wednesday…
Read MoreJustCo H1 loss narrows 52% to US$839,000 in first results since IPO
[SINGAPORE] Flexible workspace operator on Thursday (Aug 6) announced that its first-half net loss narrowed 52 per cent to US$839,000, compared to a US$1.7 million in the year-ago period. Excluding one-off expenses, the newly listed group’s H1 net profit after tax would have been about US$100,000 instead. The GIC-backed company debuted on the Singapore Exchange…
Read MoreJustCo sets 50% dividend payout from 2027 as H1 loss halves
[SINGAPORE] JustCo will pay out half its net profit from FY2027, in a move that the newly listed flexible workspace operator said reflects its confidence in generating “meaningful” profits as its business scales. Speaking at an earnings briefing on Friday (Aug 7), executive chairman and CEO Kong Wan Sing said the group arrived at the…
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