Posts by Liam Redmond
Foundation Healthcare closes 7.9% below IPO price in mainboard debut
Its public offer of 162.6 million shares is 3.8 times subscribed at S$0.76 a share [SINGAPORE] Shares of multispeciality healthcare group Foundation Healthcare ended its first trading day at S$0.70 on Wednesday (Jul 8), 7.9 per cent below its initial public offering price. In the morning, the counter rose 0.7 per cent to open at…
Read MoreFoundation Healthcare opens 0.7% above IPO price in mainboard debut
Its public offer of 162.6 million shares is 3.8 times subscribed at S$0.76 a share [SINGAPORE] Shares of multispecialty healthcare group Foundation Healthcare rose 0.7 per cent at its trading debut on the Singapore Exchange mainboard on Wednesday (Jul 8). The counter opened at S$0.765, S$0.005 above the initial public offering price of S$0.76 a…
Read MoreSamsung to get jump on Apple’s first foldable with new phones in July
Published Wed, Jul 8, 2026 · 08:10 AM [NEW YORK] Samsung Electronics will host its next Galaxy Unpacked event on Jul 22, when the leading foldable phone maker is expected to unveil a Galaxy Z Fold 8 with a shorter and wider design that resembles Apple’s planned folding iPhone. The Unpacked event will be in…
Read MoreWhat is a protected cell company and how could it benefit businesses?
This allows the parking of risk arrangements under one umbrella, while being legally ring-fenced from one another [SINGAPORE] The Monetary Authority of Singapore (MAS) has proposed a new corporate structure aimed at making more sophisticated insurance and risk-financing solutions more accessible and cost-effective for companies. Called a protected cell company (PCC), the structure allows multiple…
Read MoreFrom factory to tech frontier: China becomes legacy automakers’ innovation engine
Shifting R&D to the country helps traditional automakers bulk up their tech abilities [SHANGHAI] In May, General Motors (GM) marked a rare milestone for a foreign automaker in China, selling more than 10,000 of its new Buick Electra E7 in the first month. While the nameplate is all-American, everything else about the car is Chinese,…
Read MoreS-Reits poised for rerating despite hawkish Fed backdrop: DBS
The upcoming results season will likely drive further rerating, says the research house [SINGAPORE] Real estate investment trusts (Reits) in Singapore, Hong Kong and Thailand have shown resilience despite a more hawkish market backdrop, DBS Group Research said. The negatives have already been priced in, although the impact is differentiated among the three markets, the…
Read MoreExxonMobil signals Q2 profit windfall as higher oil prices boost bottom line
Analysts expect the company to report US$15.7 billion in adjusted earnings for Q2 Published Wed, Jul 8, 2026 · 06:11 AM [HOUSTON] US oil and gas major ExxonMobil signalled on Tuesday (Jul 7) that its second-quarter earnings could see a boost of about US$5 billion compared to the previous quarter, as oil prices spiked during the US-Israeli war…
Read MoreAmazon seeks to raise at least US$25 billion from bond sale
The company is selling the debt in as many as eight tranches, ranging from three to 40 years Published Tue, Jul 7, 2026 · 10:31 PM [NEW YORK] Amazon.com is looking to raise at least US$25 billion from a US dollar bond sale, its latest funding push as the company ramps up investment in artificial…
Read MoreGold falls as traders weigh Fed rate path and Hormuz attacks
Published Tue, Jul 7, 2026 · 10:13 PM [LONDON] Gold extended a pullback from a two-week high, as traders weighed the outlook for US interest rates and renewed attacks on shipping in the Strait of Hormuz. Bullion fell as much as 1.2 per cent to below US$4,120 an ounce. The focus for the gold market…
Read MoreNasdaq falls at open as DeepSeek’s AI chip push rattles markets
Published Tue, Jul 7, 2026 · 09:46 PM [NEW YORK] The Nasdaq opened lower on Tuesday (Jul 7) amid declining chip stocks, with investors questioning the momentum of the AI-led rally despite Samsung’s strong earnings, while a report on China’s DeepSeek making its own AI chip also hit sentiment. The Dow Jones Industrial Average rose…
Read MoreESR-Reit proposes to buy 5 logistics assets in Australia for US$192.4 million
[SINGAPORE] ESR Real Estate Investment Trust (ESR-Reit) has proposed to buy five freehold logistics properties in Melbourne, Australia, for A$276.8 million (US$192.4 million). The acquisition would increase its distribution per unit (DPU) by 4.3 per cent on a pro forma basis, the Reit’s manager said on Tuesday (Jul 7). The net purchase consideration represents a…
Read MoreChina’s DeepSeek developing its own AI chip: sources
Published Tue, Jul 7, 2026 · 08:42 PM [BEIJING] Chinese startup DeepSeek is developing its own AI chip, according to three people familiar with the matter, a push that could reduce its reliance on Nvidia and Huawei chips, which it has depended on to train and run its globally popular models. The chip is designed…
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