Posts by Liam Redmond
Morgan Stanley profit rises on dealmaking boost
Published Wed, Jul 15, 2026 · 08:56 PM [NEW YORK] Morgan Stanley reported a rise in second-quarter profit, driven by strong mergers and acquisitions activity despite macroeconomic uncertainty. A lenient regulatory environment and buoyant equity markets have helped company executives across sectors to pursue large-scale deals, generating a windfall in advisory fees for investment banks.…
Read MoreCapitaLand Ascendas Reit to divest Kim Chuan Telecommunications Complex for more than twice its acquisition price
The sale to an unrelated third party is for a consideration of about S$200.4 million [SINGAPORE] CapitaLand Ascendas Reit (Clar) is divesting Kim Chuan Telecommunications Complex, a 10-storey data centre, for about S$200.4 million to an unrelated third party. The sale consideration is more than double the S$100 million that Clar paid for the property…
Read MoreSIA Group’s June passenger traffic rises 4.1% on robust travel demand
Overall cargo loads increase 5.1% year on year despite a 2.3% decline in cargo capacity [SINGAPORE] A combined 3.7 million passengers flew on Singapore Airlines (SIA) and Scoot in June, up 6.3 per cent on the year. Passenger traffic across the SIA Group also rose 4.1 per cent year on year, underpinned by robust demand…
Read MoreComfortDelGro appoints Yap Chee Khean to newly created group COO role
[SINGAPORE] Transport giant ComfortDelGro on Wednesday (Jul 15) said it has appointed Yap Chee Khean as its first group chief operating officer (COO). This is a newly created role, as part of the company’s wider strategy to strengthen global operations and grow across markets. The 49-year-old’s appointment is effective from Oct 15, ComfortDelGro said in…
Read MoreSingapore shares rise as STI hits record close above 5,500
Published Wed, Jul 15, 2026 · 06:45 PM [SINGAPORE] Singapore stocks rose on Wednesday (Jul 15) as the Straits Times Index (STI) closed above the 5,500-point mark for the first time. The blue-chip barometer gained 1.2 per cent or 64.11 points to close at 5,559.72. Hongkong Land led the gainers on the STI, rising 3.5…
Read MoreChangi Airport Group awards contract for new office development at Terminal 3
The standalone block will provide 9,600 sq m of workspace to meet growing demand for such facilities [SINGAPORE] Changi Airport Group (CAG) has awarded a new contract for an office to be developed, which will be integrated with a revamped coach stand at Terminal 3 (T3), said a Wednesday (Jul 15) statement. The six-storeyed building…
Read MoreChina turns to electric taxis to soften Hormuz oil shock
Taxi usage and ridesharing are booming across Chinese cities, with trips up 6% since the Iran war Published Wed, Jul 15, 2026 · 02:48 PM [BEIJING] China has an increasingly important buffer against oil price shocks: electric taxis. Across Chinese cities, taxi usage and ridesharing are booming. In May, people took 3.05 billion trips, with…
Read MoreNg Chee Khern to succeed Edmund Cheng as CAAS chairman from Aug 1
Ng is currently director and chief executive officer of Iseas-Yusof Ishak Institute [SINGAPORE] The Civil Aviation Authority of Singapore (CAAS) will see a leadership transition next month, with current deputy chairman Ng Chee Khern appointed as its new chairman effective Aug 1. He will succeed Edmund Cheng, who is stepping down after serving on the…
Read MoreIntel turns to next-generation ASML tool to help make its laptop chips
Published Wed, Jul 15, 2026 · 01:36 PM [SAN FRANCISCO] Intel has decided to use a high-end machine from ASML to manufacture some of its flagship Panther Lake laptop chips, ASML said on Tuesday (Jul 14), a move that will help the chipmaker learn to use the tool more effectively. Following experiments that began in…
Read MoreMalaysia says higher energy prices will support subsidy spending
The government said it could spend up to RM40 billion (US$9.83 billion) on fuel subsidies this year Published Wed, Jul 15, 2026 · 12:46 PM [KUALA LUMPUR] Malaysia said on Wednesday (Jul 15) higher global energy prices are boosting its petroleum revenues enough to cover part of its rising fuel subsidy costs, easing pressure on…
Read MoreDeepSeek prepares for IPO filing as soon as 2027, eyes US$71 billion valuation: FT
The startup begins talks with potential backers for a fresh funding round after closing a US$7 billion round of financing Published Wed, Jul 15, 2026 · 11:57 AM [BEIJING] Chinese artificial intelligence pioneer DeepSeek is considering raising more funds weeks after closing a US$7 billion round of financing, the Financial Times (FT) reported, citing people…
Read MoreChina’s DeepSeek to raise fresh capital at US$74 billion valuation ahead of onshore IPO
The AI startup has started early deliberations for a potential listing on Shanghai’s Star Market, sources say Published Wed, Jul 15, 2026 · 11:57 AM [HONG KONG/BEIJING] Chinese artificial intelligence startup DeepSeek is planning to launch a fresh fundraising round at a valuation of about 500 billion yuan (US$74 billion) ahead of a potential mainland…
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