Posts by Liam Redmond
Yen pinned near 40-year low with investors wary of intervention
Published Tue, Jul 7, 2026 · 08:39 PM [SINGAPORE/LONDON] The yen hovered near a four-decade low on Tuesday (Jul 7), leaving traders wary of possible intervention by Japanese authorities to bolster the currency, while the dollar steadied after recent losses. The yen was up 0.1 per cent at 161.93 per dollar, reversing some of its…
Read MoreFoundation Healthcare IPO 3.8 times subscribed
The Singapore offering is 9.4 times subscribed, with 3,805 valid applications for 87 million shares [SINGAPORE] The initial public offering of Foundation Healthcare was 3.8 times subscribed, the company said on Tuesday (Jul 7). The international offering was 3.5 times subscribed, receiving interest for around 531.7 million shares for the 153.4 million shares available. The…
Read MoreSingapore banks lead gains on STI; benchmark index up 1.6%
Published Tue, Jul 7, 2026 · 06:36 PM [SINGAPORE] Singapore stocks ended higher on Tuesday (Jul 7), led by gains in the local banking trio. The benchmark Straits Times Index (STI) gained 1.6 per cent or 82.43 points to finish at 5,342.24. OCBC was the top gainer on Singapore’s blue-chip index, rising 3.3 per cent…
Read MoreChina regulator watches closely as US probes insider trading tied to Futu, Tiger Brokers
CSRC says it would pay close attention and ‘carry out the relevant work’ in line with circumstances Published Tue, Jul 7, 2026 · 06:25 PM [BEIJING] China’s securities watchdog said it is paying close attention to a legal case brought by Susquehanna International Group against alleged insider traders, after the US market maker said regulatory…
Read MoreJennifer Siebel Newsom sought to redefine the role of first spouse. Now, she faces her biggest test
Jennifer Siebel Newsom was frustrated. She was standing behind her husband, California Gov. Gavin Newsom, at a February press conference to celebrate a new bill that would give Planned Parenthood emergency funds. A throng of women’s advocates, including herself, had spoken about how the law would help women access healthcare. But now reporters were asking…
Read MoreFrasers sells Sydney mall to PGIM, AFM joint venture for US$172.2 million
The Ed.Square Town Centre sale is the second divestment by Frasers Property Australia this year [SINGAPORE] A retail centre developed by Frasers Property Australia is set to be sold for A$248 million (US$172.2 million) to PGIM’s Real Estate Investment Group and Assembly Funds Management (AFM). The Sydney property, Ed.Square Town Centre, was built by Frasers Property Australia and completed…
Read MoreFrench firm Carester to build rare earths separation plant in Malaysia’s Perak
The projects would see technology transfers from the rare earths specialist to local miner Malaco Published Tue, Jul 7, 2026 · 05:45 PM [KUALA LUMPUR] French company Carester plans to build a rare earths separation plant in Malaysia’s Perak state as part of its 10-year joint venture with local miner Malaco Mining Group, its chief…
Read MoreWall Street warms to SpaceX ahead of Nasdaq 100 inclusion
Index entry could draw over US$4 billion in flows to the company, JPMorgan estimates Published Tue, Jul 7, 2026 · 05:01 PM [NEW YORK] SpaceX’s addition to the Nasdaq 100 on Tuesday (Jul 7) is expected to unleash billions in passive buying, as brokerages kick off coverage of the US$2 trillion-plus rocket and satellite company…
Read MoreWon’s 24-hour trading debut passes with below-average volume
The US dollar-won pair’s spot trading volume was 6% below the average of the past 30 days Published Tue, Jul 7, 2026 · 03:02 PM [SEOUL] Trading in the South Korean won passed with below-average volume on its first day of round the clock dealing during a largely uneventful session, compared to the past 30…
Read MoreMAS proposes new corporate structure to grow alternative risk transfer market
The framework will lower costs for captive insurance, insurance-linked securities and sovereign risk pools [SINGAPORE] The Monetary Authority of Singapore (MAS) has proposed a new corporate structure designed to make alternative risk transfer solutions more accessible and cost-effective for companies, as it seeks to strengthen Singapore’s role as a regional risk management hub. The proposed…
Read MoreCICT, CapitaLand should snap up Bugis Junction Towers
The group has the heft to spearhead a redevelopment of the entire complex and transform the surrounding area [SINGAPORE] Earlier this year, CapitaLand is said to have looked at the Marina One office and retail asset, which was quietly put on the market with a price tag of around S$5.7 billion. The property giant is…
Read MoreChina’s central bank unveils new measures to cement Hong Kong’s renminbi hub status
The new policies are strengthening the city’s position as a gateway for foreign investors looking at the country Published Tue, Jul 7, 2026 · 12:47 PM CHINA’S central bank announced a slew of measures aimed at expanding an investment channel between Hong Kong’s financial market and the mainland, as well as enhancing the city’s role…
Read More