Posts by Liam Redmond
BNP Paribas reports 33% jump in Q2 profit as equity trading hits record
Published Thu, Jul 23, 2026 · 05:38 PM [PARIS] French lender BNP Paribas beat second-quarter forecasts as record equity trading and a rebound in retail banking helped lift net profit by a third, offsetting higher costs from the integration of AXA Investment Managers (AXA IM). Net income in the three months to end-June rose to…
Read MoreMacquarie’s first female CEO will retire, mortgage star is named successor
Greg Ward will take over from Shemara Wikramanayake, who is stepping down in November Published Thu, Jul 23, 2026 · 05:19 PM [SYDNEY] Macquarie Group named Greg Ward as its next chief executive officer, elevating a company veteran behind the firm’s aggressive retail banking expansion. Ward will succeed Shemara Wikramanayake, who is stepping down in…
Read MoreSamsung’s US$400,000 bonus fuels labour disputes across South Korea
Published Thu, Jul 23, 2026 · 04:12 PM [SEOUL] Labour unions are rallying across South Korea after Samsung Electronics caved in to protests and agreed to hand out bonuses of more than US$400,000 to some of its employees. Just this week, assembly-line workers at Hyundai Motor staged a three-day partial strike as they seek up…
Read MoreNestle to sell water unit stake for about US$3.4 billion to Platinum Equity
The companies will form a 50-50 joint venture called Peranel with an enterprise value of 4.9 billion euros Published Thu, Jul 23, 2026 · 03:05 PM [VEVEY] Nestle agreed to sell a 50 per cent stake in its bottled water business to Platinum Equity for about three billion euros (US$3.4 billion) in cash as CEO…
Read MoreMBS profit falls 10.3% to US$689 million in Q2, but still a bright spot for LVS amid underperformance
[SINGAPORE] Marina Bay Sands (MBS) recorded earnings of US$689 million – about S$888.5 million – for the three months ended Jun 30, down 10.3 per cent from US$768 million in the corresponding year-ago period. Still, it was an “incredibly powerful quarter” in several segments for the Singapore property, said Patrick Dumont, chairman and CEO of…
Read MoreMalaysia, Hong Kong securities regulators agree to ease dual IPO listings, strengthen collaboration
Move aims to encourage cross-border investment, broaden access to both countries’ capital markets and enhance investment opportunities Published Thu, Jul 23, 2026 · 01:26 PM [KUALA LUMPUR] Malaysian and Hong Kong securities regulators signed a memorandum of understanding on Thursday (Jul 23) aimed at facilitating dual initial public offering (IPO) listings in both countries, as…
Read MoreConstruction among Singapore’s top-performing sectors; up to S$53 billion demand forecasted in 2026: SGX
Among the 20 largest stocks in the sector, share prices gained an average of 56% over the past 12 months [SINGAPORE] Singapore’s construction sector grew 11.8 per cent year on year in the first quarter of 2026, making it as one of the “strongest-performing sectors of the economy” and “ the fastest-growing major sector in…
Read MoreFoundation Healthcare jumps 16% this week; UBS makes multiple stabilisation trades
[SINGAPORE] Shares of Foundation Healthcare has jumped around 16 per cent since the start of the week, with stabilisation manager UBS making multiple share purchases. The counter rose as much as 7.8 per cent on Thursday (Jul 23), to as high as S$0.825 in the first 16 minutes of trading, adding S$0.06 from its closing…
Read MoreAsian stocks rise after US tech earnings; AI capex to boost region’s chipmakers
Published Thu, Jul 23, 2026 · 10:27 AM [SINGAPORE] Asian stocks rose on Thursday (Jul 23) after US technology firms outlined significant capital spending plans that are likely to benefit chipmakers in the region, while the escalating war in the Middle East sent oil prices to six-week highs. Rising oil prices have also renewed inflationary…
Read MoreNasdaq to kick off tiny companies faster after SEC approves rule
Firms worth less than US$5 million for 30 straight days face immediate suspension and delisting under the stricter standard Published Thu, Jul 23, 2026 · 09:46 AM [WASHINGTON] Nasdaq will change its rules to make it easier to kick off flailing businesses as regulators zero in on wild market swings and allegations of manipulation that…
Read MoreStocks to watch: Keppel DC Reit, Mapletree Logistics Trust, CSE Global, OUE Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jul 23): Keppel DC Reit : The real estate investment trust’s (Reit) distribution per unit (DPU) rose 11.3 per cent to S$0.05714 for its first half ended Jun 30, from S$0.05133 the year before, the manager announced on Thursday.…
Read MoreTesla profit falls well short of estimates as costs rise
Adjusted earnings were US$0.33 a share in Q2, missing the US$0.51 average of analyst estimates compiled by Bloomberg Published Thu, Jul 23, 2026 · 07:23 AM [AUSTIN] Tesla missed Wall Street’s profit estimates even after a strong quarter of auto sales, a setback for the electric vehicle maker as it looks to build out new…
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