Posts by Liam Redmond
BP to cut 700 jobs as it simplifies company, internal email shows
BP wants to simplify its operations to reduce debt, boost profit and refocus on its oil and gas businesses Published Thu, Jul 30, 2026 · 10:19 PM [LONDON] BP plans to cut about 700 of its non-frontline global workforce, according to an internal email seen by Reuters, as the oil major sharpens its operational focus…
Read MoreWall St opens higher as Microsoft’s results temper some AI jitters
Published Thu, Jul 30, 2026 · 09:44 PM [NEW YORK] US stocks opened higher on Thursday (Jul 30) as Microsoft’s forecast-beating results soothed investor concerns about massive AI spending by companies, while investors parsed fresh readings of GDP and inflation data a day after the Federal Reserve’s rate decision. The Dow Jones Industrial Average rose…
Read MoreBOE holds rates in 6-3 vote as war clouds inflation outlook
Published Thu, Jul 30, 2026 · 09:18 PM [LONDON] The Bank of England kept interest rates steady at 3.75 per cent, as UK officials sought to balance the threat from resurgent US-Iran tensions against signs that domestic price pressures are easing more quickly than predicted. The Monetary Policy Committee voted six-three in favour of leaving…
Read MoreJardine Matheson posts 9% growth in H1 underlying profit to US$735 million
Board declares interim dividend of US$0.65 per share; full-year dividend targeted to grow 5% to US$2.47 apiece [SINGAPORE] Jardine Matheson Holdings (JMH) reported a 9 per cent growth in underlying profit for the first half ended Jun 30 to US$735 million, from US$676 million in the previous corresponding period. On the adjusted basis, higher contributions…
Read MoreUS dollar slips against yen as focus shifts to inflation data
Published Thu, Jul 30, 2026 · 08:53 PM [LONDON] The US dollar weakened against the yen on Thursday ahead of a US inflation report that investors will scrutinise to gauge the path for interest rates, a day after the Federal Reserve left markets guessing about its future monetary policy. The yen inched up 0.3 per…
Read MorePrivate car population falls to lowest since 2019 as rental car numbers hit record high
[SINGAPORE] The number of private cars in Singapore is at its lowest since 2019, at 516,237 units. Rental cars, in contrast, have hit a record of 97,567 units. This comes as high car prices nudge some who need a car only occasionally towards renting or hailing a ride instead of owning one. While private car ownership continues to dominate, its…
Read MoreFLCT logs positive rental reversions in Q3, led by logistics and industrial segment
Manager sees continued opportunities in the logistics and industrial sector, underpinned by resilient structural demand [SINGAPORE] The manager of Frasers Logistics & Commercial Trust (FLCT) recorded positive rental reversions of 8.2 per cent on an incoming versus outgoing basis, in the third quarter ended Jun 30. On an average versus average basis, the trust booked…
Read MoreJardine Cycle & Carriage proposes special dividend, distribution in specie of Toyota shares amid strategic review
Total dividends for the period stand at about US$1.01 a share, pending shareholder approval [SINGAPORE] Jardine Cycle & Carriage (JC&C) has proposed a special dividend of about US$0.73 per share, featuring a cash payout and a direct distribution in specie of its remaining stake in Japanese carmaker Toyota Motor Corporation, under a move to prioritise…
Read MoreBOJ to stand pat with Ueda back in spotlight
All 52 economists surveyed by Bloomberg forecast the BOJ will hold its benchmark rate steady Published Thu, Jul 30, 2026 · 07:18 PM [TOKYO] The Bank of Japan is expected to keep interest rates unchanged on Friday (Jul 31), shifting investors’ attention to whether Governor Kazuo Ueda signals that the next rate increase could come…
Read MoreMPACT reports 2.5% lower Q1 DPU of S$0.0196 amid overseas headwinds
[SINGAPORE] Mapletree Pan Asia Commercial Trust’s (MPACT) distribution per unit (DPU) fell by 2.5 per cent to S$0.0196 for its first quarter ended Jun 30, from S$0.0201 in the previous corresponding period. Revenue was down 5.6 per cent at S$206.5 million for the quarter, from S$218.6 million in the year-ago period, the manager reported on…
Read MoreSingapore stocks fall after Fed holds rates; STI down 0.7%
Published Thu, Jul 30, 2026 · 06:02 PM [SINGAPORE] Singapore stocks ended lower on Thursday (Jul 30) after the US Federal Reserve held interest rates steady in a widely expected decision. The benchmark Straits Times Index (STI) lost 0.7 per cent or 39.61 points to finish at 5,673.58. DFI Retail Group led the gainers on…
Read MoreTrust, not tracking: inside the L.A. company that got workers back to the office
Los Angeles video gaming company Riot Games abandoned its return-to-office requirements in January, and surprisingly, more of its employees have been showing up at work. Two years of dictating that everyone commute into work on Tuesdays, Wednesdays and Thursdays was hurting the morale as well as the productivity of many. Riot decided on a radical…
Read More