Posts by Liam Redmond
Gold holds gain as Trump sounds optimism over US-Iran talks
The metal has stayed near US$4,000 an ounce since late June, supported by a wave of dip-buying Published Tue, Jul 28, 2026 · 08:45 AM [SINGAPORE] Gold held a gain on Tuesday (Jul 28) after US President Donald Trump said that the US and Iran were in talks to end the war that has stoked…
Read MoreCapitaLand Ascott Trust H1 DPS flat at S$0.0253, gross profit lower
Gross profit declines 11% to S$161.6 million as revenue for the half year falls 7% to S$370.9 million [SINGAPORE] CapitaLand Ascott Trust (Clas) on Tuesday (Jul 28) reported a stable distribution per stapled security (DPS) of S$0.0253 for its first half ended Jun 30, unchanged from the year-ago period. Total distribution for H1 2026 rose…
Read MoreMeta disregarded its own research on teen harm, Tennessee tells jury
Internal documents showed that Meta product managers knew that it needed to warn the public about Instagram’s addictive features but it didn’t Published Tue, Jul 28, 2026 · 06:35 AM LAWYERS for the state of Tennessee told a jury in Nashville on Monday that Meta Platforms’ leadership disregarded internal research about its Instagram platform’s impact…
Read MoreOil prices settle at lowest in over a week, as US pauses attacks on Iran
Published Tue, Jul 28, 2026 · 05:56 AM [NEW YORK] Oil prices fell on Monday (Jul 27), settling at their lowest levels in over a week, after the US abruptly suspended a campaign of air strikes against Iran over the weekend, raising hopes of a diplomatic solution that would allow shipping to resume in the Strait of…
Read MorePorsche to shed 5,000 jobs by 2035 under German factory pact
Published Mon, Jul 27, 2026 · 11:27 PM [STUTTGART] Porsche agreed to eliminate 5,000 jobs by 2035 as part of a deal with labour officials that protects its main German sites and rules out compulsory redundancies. The positions will be cut through a mixture of natural attrition, expanded partial-retirement programmes and voluntary severance agreements, Porsche…
Read MoreKeppel to divest six oil rigs through new private fund for S$1.2 billion
Four other unfinished rigs that may be divested later could generate about S$1.3 billion in cash proceeds [SINGAPORE] Asset manager Keppel announced on Monday (Jul 27) that it intends to monetise up to 10 oil rigs through a new private fund, starting with the divestment of six operational rigs for around S$1.2 billion. The company…
Read MoreCiti traders are betting Fed will keep rates on hold this week
Published Mon, Jul 27, 2026 · 11:14 PM [WASHINGTON] Citigroup’s traders are betting the Federal Reserve will leave rates unchanged this week, even as the swap markets assign a more than one-in-three chance of a quarter-point hike. With “high conviction” Citi is receiving the July FOMC contract – a position that will profit if the…
Read MoreWall St opens higher as pause in US-Iran hostilities lifts sentiment
Published Mon, Jul 27, 2026 · 10:13 PM [NEW YORK] Wall Street’s main indexes opened higher on Monday (Jul 27) after the United States and Iran paused hostilities, boosting risk appetite ahead of a week of major earnings, economic data and an interest rate decision. The Dow Jones Industrial Average rose 226.2 points, or 0.44…
Read MoreFrasers Centrepoint Trust posts 99.6% occupancy for Q3
[SINGAPORE] Committed occupancy in the retail portfolio of Frasers Centrepoint Trust (FCT) reached 99.6 per cent in the third quarter ended Jun 30, 2026, its manager posted on Monday (Jul 27). This was a 0.2 percentage point decrease quarter on quarter, and a 0.3 percentage point decrease year on year. The Q3 2026 figure excludes…
Read MoreUS dollar retreats as oil slides on Middle East pause; focus on central banks
It dropped against other major currencies after the US paused its bombing in Iran Published Mon, Jul 27, 2026 · 08:34 PM [LONDON] The US dollar dropped against other major currencies on Monday (Jul 27), after the US paused its bombing in Iran, which dragged oil prices lower and lifted investor confidence ahead of a…
Read MoreEver Glory United’s order book crosses S$1 billion on new contract wins
The engineering group has secured about S$400 million in projects since the start of 2026 [SINGAPORE] New contracts worth more than S$168 million, including one with the Defence Science and Technology Agency (DSTA), have lifted Ever Glory United’s order book above S$1 billion for the first time. The latest wins bring the total value of…
Read MoreUI Boustead Reit posts NPI of S$29.2 million, 4.3% below IPO forecast
[SINGAPORE] UI Boustead Reit reported net property income (NPI) of S$29.2 million for the period Mar 12 to Jun 30, in its first financial results since listing on Singapore Exchange’s mainboard. It thus missed its initial public offering forecast for the period by about 4.3 per cent, said the manager of the real estate investment…
Read More