Posts by Liam Redmond
Wall St opens lower as Big Tech earnings rekindle AI spending worries; oil jumps
Published Thu, Jul 23, 2026 · 09:45 PM [NEW YORK] Wall Street’s main indexes opened lower on Thursday (Jul 23), as concerns over heavy AI spending resurfaced after the first batch of Big Tech earnings, while another jump in oil prices linked to the widening Middle East conflict further dampened sentiment. The Dow Jones Industrial…
Read MoreESR-Reit proposes to buy additional logistics asset in Australia for US$36.7 million
This adds to its recently proposed acquisition of five logistics properties in the same area [SINGAPORE] ESR Real Estate Investment Trust (ESR-Reit) has proposed to buy a freehold logistics property in Melbourne, Australia, for A$52.5 million (US$36.7 million), adding to its recently proposed acquisition of five freehold logistics properties in the vicinity. The combined six-property…
Read MoreUS dollar hits fresh 40-year high versus yen, edges higher against euro
Published Thu, Jul 23, 2026 · 08:40 PM [LONDON] The US dollar hit a fresh 40-year high against the yen and edged up against the euro ahead of the European Central Bank’s policy meeting on Thursday (Jul 23), as investors kept a close watch on the widening conflict in the Middle East. Oil prices rose…
Read MoreSuntec Reit posts 24.8% rise in H1 DPU to S$0.03936
[SINGAPORE] The manager of Suntec Real Estate Investment Trust (Reit) on Thursday (Jul 23) posted a distribution per unit (DPU) of S$0.03936 for the first half ended June, up 24.8 per cent from S$0.03155 in the previous corresponding period. A distribution of S$0.01936 per unit was paid out on May 29. The remaining H1 distribution…
Read MoreCompetition watchdog rejects SUTL’s initial proposal on Marina at Keppel Bay buy, starts next step of review
The commitments put forward previously do not properly address earlier identified concerns, says CCS [SINGAPORE] The Competition and Consumer Commission of Singapore (CCS) has commenced an in-depth review of SUTL Enterprise’s proposed S$40 million acquisition of Marina at Keppel Bay (MKB). SUTL said in a bourse filing on Thursday (Jul 23) that its wholly owned…
Read MoreSingapore stocks fall on Thursday, bucking regional trend; STI down 0.2%
Published Thu, Jul 23, 2026 · 07:00 PM [SINGAPORE] Singapore stocks retreated on Thursday (Jul 23), even as key regional exchanges ended higher. The benchmark Straits Times Index (STI) lost 0.2 per cent or 13.66 points to finish at 5,581.76. Yangzijiang Shipbuilding led the gainers on Singapore’s blue-chip index, rising 2.3 per cent or S$0.09…
Read MoreJudge approves Anthropic’s $1.5-billion settlement with authors
Anthropic will pay $1.5 billion to authors whose pirated books it used to train its AI in the largest copyright settlement in U.S. history. Federal Judge Araceli Martinez-Olguin in Oakland granted final approval of the settlement Monday. The record payout was a modest win for copyright holders, setting a precedent as a wave of AI-related…
Read MoreTemasek-backed property firms’ merger talks are said to stall
Published Thu, Jul 23, 2026 · 06:50 PM [SINGAPORE] Merger talks between two of the largest property asset managers backed by Singapore state investor Temasek Holdings have stalled on concerns including valuation, according to people familiar with the matter. CapitaLand Investment and Mapletree Investments have slowed down work on the potential combination following months of…
Read MoreSGX to launch up to 100 new MSCI derivatives under expanded licensing deal
The first phase of the rollout will comprise about 40 futures and options contracts [SINGAPORE] Singapore Exchange (SGX) Group will launch up to 100 new MSCI-linked derivatives under an expanded licensing agreement with the index provider, in a move to strengthen its position as a global derivatives marketplace. The first phase of the rollout will…
Read MoreSIA Engineering Q1 net profit down 6.1% at S$40.3 million
The group posts lower profits from associated and JV companies, and engine and component segment [SINGAPORE] Aircraft maintenance provider SIA Engineering Company on Thursday (Jul 23) reported a net profit of S$40.3 million for the first quarter ended Jun 30, down 6.1 per cent from a year ago. The group’s revenue for Q1 FY2027, at…
Read MoreMotorway group boss Michael Lim charged with evasion of excise duty and GST
The charges relate to around S$15,000 in underpaid GST and excise duty; he faces a maximum fine of around S$300,000 [SINGAPORE] Lim Ah Poh, the founder and owner of the Motorway group of companies, is facing charges relating to around S$15,000 in underpaid goods and services tax and excise duty. More usually known as Michael…
Read MoreChina’s Geely to make electric SUVs at Ford Spain plant, jointly develop model for Europe
Published Thu, Jul 23, 2026 · 05:47 PM [LONDON] Geely Auto will build two electric SUVs at Ford’s factory in Spain and the two firms will jointly develop a new model, they said on Thursday (Jul 23), as rising Chinese automakers race to use traditional carmakers’ underutilised factories and get ahead of European local-content rules.…
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