Posts by Liam Redmond
India’s SBI Funds Management attracts over US$31 billion in bids in country’s 4th most subscribed IPO
The country’s largest asset manager oversees funds worth 12.5 trillion rupees as at March 2026 Published Fri, Jul 17, 2026 · 01:32 PM INDIA’S SBI Funds Management drew bids worth three trillion Indian rupees (US$31.1 billion), making the asset manager’s US$1 billion initial public offering the country’s fourth most subscribed issue. The subscription numbers include…
Read MoreFrasers Property Industrial CEO Reini Otter to step down and join ESR; Ian Barter named interim leader
[SINGAPORE] Frasers Property announced on Friday (Jul 17) that the CEO of its industrial and logistics arm, Frasers Property Industrial, is set to step down on Dec 17. Reini Otter, 55, will be leaving to “take on a new career opportunity”, Frasers Property said, after a 28-year tenure with the group, including the last seven…
Read MoreTruth Social to sell trading firms and banks ‘fastest’ access to Trump’s posts
The move is TMTG’s first step into data licensing, and opens up a new revenue stream for the company Published Fri, Jul 17, 2026 · 12:21 PM TRUMP Media & Technology Group (TMTG) has unveiled a paid-for, licenced data feed that will give banks and trading firms “the fastest” access to posts from influential Truth…
Read MoreIPOs of tiny foreign firms nearly vanish in US after pump-and-dump crackdown
2026 sees micro-cap IPOs raise under US$300 million, against US$1.6 billion in all of 2025 [WASHINGTON] Initial public offerings of tiny foreign companies in the US have all but disappeared this year after regulators cracked down on apparent pump-and-dump schemes, many of them based in Asia, that authorities say cheated mom-and-pop investors around the globe. Only…
Read MoreUOB shares fall 3.8% after months of steady gains
DBS and OCBC also decline, but are much more modest at 0.6% and 1.3%, respectively [SINGAPORE] Shares of UOB fell 3.8 per cent on Friday (Jul 17) after a steady rise since the end of April. The counter retreated as much as S$1.66 to S$41.84 in the first few minutes of trading, reversing gains of…
Read MoreUOB shares end 2.4% lower after months of steady gains
[SINGAPORE] Shares of UOB fell as much as 3.8 per cent on Friday (Jul 17) after a steady rise since the end of April. The counter retreated by S$1.66 to S$41.84 in the first few minutes of trading, reversing momentum after gains of about 21.6 per cent in the past two months. UOB shares later…
Read MoreAsian stocks slip after AI valuation fears spark Wall Street chip selloff
MSCI’s Asia-Pacific equities gauge slides 2.1% as Japan’s Nikkei 225 Stock Average loses 4.4% Published Fri, Jul 17, 2026 · 09:25 AM — Updated Fri, Jul 17, 2026 · 01:14 PM ASIAN stocks fell alongside US equity-index futures as a selloff in chipmakers deepened with investors questioning whether they had rallied too far and too…
Read MoreNetflix earnings forecast disappoints Wall Street, shares tumble
Firm says it would cut its twice-yearly release of a viewing-hours report to once a year starting in January 2027 Published Fri, Jul 17, 2026 · 09:09 AM [LOS ANGELES] Netflix forecast third-quarter revenue and earnings on Thursday (Jul 16) that fell short of Wall Street targets and said it would cut the frequency of…
Read MoreStocks to watch: Geo Energy Resources
[SINGAPORE] The following company saw new developments that may affect trading of its securities on Friday (Jul 17): Geo Energy Resources : The Indonesian coal producer said in a bourse filing on Thursday that its newly operational Marga Bara Jaya integrated infrastructure unit could add up to about US$350 million in annual earnings before interest,…
Read MoreGold on track for biggest weekly loss in six weeks as Iran war fans inflation worries
Higher oil prices stoke inflation concerns, raising expectations of elevated interest rates Published Fri, Jul 17, 2026 · 08:12 AM — Updated Fri, Jul 17, 2026 · 12:00 PM [BENGALURU] Gold was on track for its biggest weekly loss in six weeks on Friday (Jul 17), as escalating US-Iran clashes lifted oil prices, adding to…
Read MoreGold set for biggest weekly drop since early June on inflation, rate-hike worries
Higher oil prices stoke inflation concerns, raising expectations of elevated interest rates Published Fri, Jul 17, 2026 · 08:12 AM — Updated Sat, Jul 18, 2026 · 10:18 AM GOLD rose on Friday (Jul 17) but was on track for its biggest weekly loss in six weeks as escalating US-Iran tensions drove energy prices higher, fuelling inflation fears and reinforcing expectations of…
Read MoreHin Leong’s US$2.6 billion claim against Deloitte struck out by apex court
Auditor is not liable for trading losses incurred by company from November 2015 to mid-April 2020 [SINGAPORE] The apex court of Singapore has struck out insolvent oil trader Hin Leong Trading’s largest claim of US$2.6 billion against its former external auditor. A five-judge Court of Appeal on Thursday (Jul 16) allowed an appeal by Deloitte…
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