Posts by Liam Redmond
Ex-Sakae director Ong Siew Kwee handed 10.5-year jail term for misappropriating S$15.8 million, lying in court
[SINGAPORE] Former Sakae director Ong Siew Kwee was sentenced to 10.5 years of imprisonment on Friday (Aug 7), after having earlier been found guilty of misappropriating S$15.8 million from a joint venture linked to the Bugis Cube development and giving false evidence in court. Ong, however, has indicated that he will appeal, and the 56-year-old…
Read MoreTrump defends Pete Hegseth after report he lashed out at war secretary: ‘One of my best’
President Trump expressed full-throated support for War Secretary Pete Hegseth Thursday – a day after a report claimed the president accused the Pentagon chief of misleading him about the state of America’s arms stockpile. “I think he’s actually one of my best,” Trump said of Hegseth, in an interview with NBC News Thursday. “I’m very…
Read MoreChina’s crude oil purchases rebound in July from near-decade low
Oil flows from the Persian Gulf rise after an interim peace deal between the US and Iran in June Published Fri, Aug 7, 2026 · 01:37 PM CHINA’S crude oil imports rebounded in July from a near-decade low, after flows through the Strait of Hormuz picked up and refiners boosted purchases from nations outside the…
Read MoreDBS sees choppy Q3 for STI as investors pivot from Singapore banks to listcos that are unlocking value
Brokerage expects growing interest in alternative themes such as EQDP beneficiaries [SINGAPORE] DBS Group Research expects the Straits Times Index (STI) to face a choppy third quarter, and a tactical rotation away from local banks, citing an increasingly concentrated rally that has left index valuations elevated while broader market performance lags. In their Singapore Market…
Read MoreDBS analysts foresee ‘tactical rotation’ away from Singapore banks, choppy Q3 for STI
Brokerage expects growing interest in alternative themes such as EQDP beneficiaries [SINGAPORE] DBS Group Research expects the Straits Times Index (STI) to face a choppy third quarter, and a tactical rotation away from local banks, citing an increasingly concentrated rally that has left index valuations elevated while broader market performance lags. In their Singapore Market…
Read MoreDBS sees choppy Q3 for STI as investors pivot from Singapore banks to listcos that’re unlocking value
Brokerage expects growing interest in alternative themes such as EQDP beneficiaries [SINGAPORE] DBS Group Research expects the Straits Times Index (STI) to face a choppy third quarter, and a tactical rotation away from local banks, citing an increasingly concentrated rally that has left index valuations elevated while broader market performance lags. In their Singapore Market…
Read MoreGunman shoots two near busy NYC subway station, sending bystanders scrambling to safety: video
A gunman opened fire outside a busy Bronx subway station Thursday evening, striking two victims and sending innocent bystanders running for their lives. The shooting steps away from the West Farms Square-E Tremont Avenue subway station was captured on surveillance footage and shows a man dressed in a white hoodie spraying bullets into a plaza…
Read MoreUS sale of euros for yen intervention blindsided Europe: report
Some ECB officials viewed the US using euros, instead of US dollars, as an unprecedented breach of longstanding conventions Published Fri, Aug 7, 2026 · 11:50 AM THE US blindsided the European Central Bank (ECB) last week with its historic currency intervention to help Japan, only informing its counterparts in Frankfurt after it sold euros…
Read MoreHeat’s on for UCLA football as Bob Chesney pushes players during camp
Bob Chesney was already feeling the heat on his first day of training camp. It was by design. His forehead glistening with sweat as he stepped in front of reporters, the new UCLA football coach said everything the Bruins do over the next few weeks would be geared toward pushing players in trying conditions. UCLA…
Read MoreNolan McLean battles through worst Mets start in months despite sweep
CLEVELAND — Nolan McLean’s early turbulence Thursday appeared as if it would just be a footnote in another strong start. But the Mets rookie allowed two straight singles with one out in the fifth inning and threw three consecutive balls to Nathaniel Lowe before finally firing a strike. The next pitch was a four-seam fastball…
Read MoreYen surrenders nearly half its gains from US-Japan intervention; traders speculate on fresh action
Pullback underscores the limits of intervention in reversing the yen’s longer-term decline Published Fri, Aug 7, 2026 · 10:39 AM THE YEN is heading into the end of the week having surrendered nearly half of its intervention-driven gains, fuelling speculation among traders that authorities may step into the market again. The currency traded around 158.45…
Read MoreOCBC shares close 3.3% up after hitting all-time high on Q2 earnings; UOB down 2.7%
UOB’s net profit climbs 10% to S$1.48 billion; OCBC’s is up 22% at S$2.22 billion [SINGAPORE] Shares of UOB and OCBC diverged after the local banks’ second-quarter earnings release. UOB fell as much as 2.7 per cent, while OCBC rose as much as 4 per cent, hitting an all-time of S$30.50, on Friday (Aug 7).…
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