Posts by Liam Redmond
EGP Energy’s public offer of 1 million shares 17.6 times subscribed
[SINGAPORE] The initial public offering of electrical infrastructure solutions and service provider EGP Energy Corporation has drawn strong investor interest, with one million shares on offer 17.6 times subscribed. By the close of the public offer at noon on Monday (Jul 27), the company had received 651 valid applications for the offer shares. These applicants…
Read MoreGSK launches US$2.5 billion savings drive to boost drug pipeline
Published Tue, Jul 28, 2026 · 07:42 PM [LONDON] GSK on Tuesday (Jul 28) launched a £1.9 billion (US$2.52 billion) cost-savings programme to help fund the British drugmaker’s late-stage studies, aiming to deliver on CEO Luke Miels’ promise of faster drug development and boost investor trust. Under Miels, GSK has stepped up acquisitions, including a…
Read MoreAll-Link offers 2.1 million public shares at S$0.53 each in mainboard IPO
[SINGAPORE] Regional logistics solutions provider All-Link Air & Sea has registered its prospectus for an initial public offering on the mainboard of the Singapore Exchange, it said on Tuesday (Jul 28). The group is offering 37.9 million shares priced at S$0.53 apiece, comprising 2.1 million public offer shares and 35.8 million placement shares. It expects…
Read MoreSingapore shares fall on Tuesday amid mixed regional showing; STI down 0.1%
Published Tue, Jul 28, 2026 · 05:57 PM [SINGAPORE] Singapore stocks closed in the red on Tuesday (Jul 28) while regional markets turned in a mixed performance. The benchmark Straits Times Index (STI) lost 0.1 per cent or 4.13 points to finish at 5,616.11. CapitaLand Investment led the gainers on Singapore’s blue-chip index with a…
Read MoreDBS introduces agentic AI to 350,000 corporate clients
The bank will also beef up DBS Joy’s knowledge of banking solutions and programmes so it can better help SMEs [SINGAPORE] DBS on Tuesday (Jul 28) rolled out an agentic artificial intelligence assistant to 350,000 of its corporate clients in Singapore, including small and medium-sized enterprises. Through DBS’ agentic AI assistant, DBS Joy, corporate clients…
Read MoreSouth Korea’s Kospi posts biggest fall since early March as chipmakers slump
Published Tue, Jul 28, 2026 · 03:43 PM [SEOUL] South Korean shares tumbled nearly 11 per cent on Tuesday (Jul 28) in their worst session in about five months, as a global selloff in chipmakers hammered SK Hynix and Samsung Electronics, and CXMT’s stellar market debut deepened worries about competition from China. The benchmark Kospi…
Read MoreJapan’s Nikkei posts lowest close in more than two months on chip selloff
Published Tue, Jul 28, 2026 · 03:14 PM [TOKYO] Japan’s Nikkei share average fell nearly 4 per cent on Tuesday (Jul 28) to its lowest close in more than two months, as chip-related stocks followed their US peers lower ahead of big tech earnings. The Nikkei lost 3.95 per cent to 62,364.92, its lowest close…
Read MoreNvidia employee detained by Taiwan in China chip smuggling probe
This follows a slate of detentions linked to the export of the firm’s AI chips to China in violation of US trade restrictions Published Tue, Jul 28, 2026 · 02:05 PM [HONG KONG] Taiwanese prosecutors have detained an Nvidia employee and searched the company’s offices as part of a widening probe into the alleged smuggling…
Read MoreHow banks in Singapore put agentic AI to work
Against this backdrop, MAS on Jul 3 unveiled the Safeguards for Agentic Finance at Runtime (SAFR), an industry white paper providing a set of governance checkpoints that verify and record an AI agent’s proposed actions before it executes its tasks. Observers have described this as a “genuine turning point” in moving the financial industry from…
Read MoreDBS upgrades StarHub to ‘buy’ on potential M1 deal; merger to drive telcos’ recovery
This follows renewed expectations of a deal between Singapore’s second and third-largest mobile operators [SINGAPORE] A potential consolidation between StarHub and M1 could reshape Singapore’s telecommunications landscape, prompting DBS Group Research to upgrade StarHub to a “buy”. The brokerage on Monday (Jul 27) set a revised target price of S$1.40, up from its previous valuation…
Read MoreSingapore tech stocks slide as chip sell-off spreads in Asia despite CXMT surge
[SINGAPORE] Technology and semiconductor stocks in Singapore slid on Tuesday (Jul 28) as a global memory chip rout that saw Applied Materials shares slide also spread in Asia. Frencken , an Applied Materials supplier, took the largest hit at about 8.5 per cent on Tuesday morning. UMS , also a supplier to Applied Materials, fell…
Read MoreSK Hynix, Samsung Electronics retreat as chip sell-off weighs on Asian stocks
Investors increasingly seek signs that AI spenders can justify the billions of dollars poured into the technology Published Tue, Jul 28, 2026 · 10:04 AM ASIAN equities declined on Tuesday (Jul 27) as renewed concerns over artificial intelligence spending fuelled another sell-off in chipmakers. MSCI’s Asia-Pacific equity gauge fell 1.9 per cent, with chip majors…
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