Posts by Liam Redmond
Asian stocks drop amid AI rally pause with Hormuz deal reached
The S&P 500 Index retreats from a record while a semiconductor stocks index sheds over 1% Published Thu, Aug 6, 2026 · 10:08 AM ASIAN stocks slipped on Thursday (Aug 6) after a recent tech-led rally on Wall Street paused. Crude oil edged lower as Iran reached an agreement with Oman on the Strait of…
Read MoreCGSI Securities Singapore launches first ETF tracking SGX’s small and mid-cap stocks
[SINGAPORE] CGS International (CGSI) Securities Singapore is launching the first exchange-traded fund that tracks the performance of small and mid-cap counters on the Singapore Exchange (SGX). Called the CGS Fullgoal Singapore Next 50 ETF, the actively managed equity fund is benchmarked to the iEdge Singapore Next 50 Index, which tracks the performance of the next…
Read MoreOzempic-maker Novo Nordisk underwhelms investors with soft Wegovy pill sales
Revenue for the popular weight loss drug disappoints at US$494 million – no better than analysts’ estimates Published Thu, Aug 6, 2026 · 08:00 AM NOVO Nordisk’s popular Wegovy weight loss pill disappointed investors with sales that failed to live up to the hype of an obesity drug whose launch was billed the most successful…
Read MoreCorporate governance for the value era
There is significant room for improvement in disclosures relevant to shareholder value creation THE Singapore Governance and Transparency Index (SGTI) 2026 has taken place amid significant changes in the Republic’s capital market ecosystem. MAS’ announcement of the equities market review provided the impetus for much activity, from regulatory consultations and reviews to new listing rules…
Read MoreEuropean shares mark a fresh record close as earnings offset Middle East uncertainty
Published Thu, Aug 6, 2026 · 06:01 AM EUROPEAN shares closed at a fresh all-time high on Wednesday (Aug 5) as investors sifted through the latest batch of corporate earnings while watching the fast-moving developments in the Middle East conflict. The pan-European Stoxx 600 index closed 0.04 per cent higher at 657.14 points, after closing at an…
Read MoreAir India taps Ethiopian Airlines veteran as CEO
Published Wed, Aug 5, 2026 · 09:44 PM [NEW DELHI] Air India announced Tewolde Gebremariam will succeed Campbell Wilson as the chief executive officer amid the Tata Group-owned carrier’s struggles to recover from last year’s deadly plane crash and mounting losses linked to geopolitical tensions. Tewolde was earlier with the Ethiopian Airlines Group, according to…
Read MoreYen drifts after intervention whirlwind; Iran optimism dents US dollar
Published Wed, Aug 5, 2026 · 09:38 PM [LONDON] The Japanese yen steadied on Wednesday (Aug 5) after its most volatile few days in months after historic intervention, while the US dollar traded around six-week lows against other currencies as revived hopes of an end to the war in Iran blunted safe-haven demand. The yen…
Read MoreCat A COE premium eases as demand is diverted to Cat B
With the gap in premium between the two categories narrowing, buyers may prefer bigger cars, say observers [SINGAPORE] The Certificate of Entitlement (COE) premium for smaller cars eased in August’s first bidding round as demand was diverted to bigger cars. This follows the gap between Category A and Category B premiums narrowing in recent exercises,…
Read MoreCenturion Accommodation Reit posts S$0.03499 H1 DPU, beats IPO forecast by 9.6%
[SINGAPORE] Centurion Accommodation Reit (CAReit) reported a distribution per unit (DPU) of S$0.03499 for the half-year ended Jun 30, outperforming the Reit’s initial public offering forecast by 9.6 per cent. Gross revenue for the first half stood at S$108.9 million, 5.1 per cent higher than its S$103.7 million forecast. This outperformance was primarily driven by…
Read MoreCSE Global hits S$199.1 million in new orders for Q2, says strategic review still ‘ongoing’
[SINGAPORE] Systems integrator CSE Global on Wednesday (Aug 5) said it had secured S$199.1 million in new orders for the second quarter ended Jun 30. With these additions, the group closed Q2 with an outstanding order book of S$620.4 million. Group managing director and CEO Lim Boon Kheng noted that while order intake saw “some…
Read MoreKeppel hits 2026 asset-sale target early with US$270 million Vietnam divestment
The deal brings its year-to-date monetisations to S$2.1 billion, within its full-year goal of between S$2 billion and S$3 billion [SINGAPORE] Keppel on Wednesday (Aug 5) said that it has successfully hit its annual asset-monetisation target ahead of schedule, cementing its ongoing transition towards an asset-light global manager model. The asset manager and operator has…
Read MoreSingapore shares fall as local banks end lower; STI down 0.6%
Published Wed, Aug 5, 2026 · 06:08 PM [SINGAPORE] Singapore stocks ended lower on Wednesday (Aug 5). The benchmark Straits Times Index (STI) lost 0.6 per cent or 30.88 points to finish at 5,581.37. Keppel DC Reit led the gainers on Singapore’s blue-chip index, rising 3.2 per cent or S$0.07 to S$2.26. The worst performer…
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