Posts by Liam Redmond
UOB dips 2.2% while OCBC rises 2% after Q2 earnings releases
UOB’s net profit climbs 10% to S$1.48 billion; OCBC’s is up 22% at S$2.22 billion [SINGAPORE] Shares of local banks UOB and OCBC diverged post-Q2 earnings release, with UOB declining 2.2 per cent, while OCBC shares rose 2 per cent on Friday (Aug 7). UOB shares declined 1.5 per cent at market open, before slipping…
Read MoreOCBC jumps 3.1% at midday after Q2 earnings release; UOB pares morning losses
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, with UOB declining by as much as 2.2 per cent, while OCBC shares rose by 2 per cent on Friday morning (Aug 7). UOB shares declined…
Read MoreYangzijiang Shipbuilding shares jump 6.6% after strong H1 earnings report
[SINGAPORE] Shares of Yangzijiang Shipbuilding jumped 6.6 per cent or S$0.26 to close at S$4.20 on Friday (Aug 7), on the back of its strong first-half earnings growth posted on Thursday. The mainboard-listed company posted a 28.4 per cent rise in net profit to 5.4 billion yuan (US$800 million) for H1 ended Jun 30, 2026,…
Read MoreChilling new video shows racist stabber’s savage LA Metro attack before life sentence
A racist knifeman caught on newly released video repeatedly stabbing a stranger aboard a Los Angeles Metro bus, then kicking him in the head after he collapsed, was sentenced Thursday to life in prison. Gerald Pitts, 67, of Santa Monica, was sentenced for the attempted murder of Santos Tejas Gonzalez during what prosecutors described as…
Read MoreYangzijiang Shipbuilding shares jump 7.9% after strong H1 earnings report
[SINGAPORE] Shares of Yangzijiang Shipbuilding jumped 7.9 per cent or S$0.31 to S$4.25 shortly after market open on Friday (Aug 7) at 9.02 am, on the back of its strong first-half earnings growth posted on Thursday. The mainboard-listed company posted a 28.4 per cent rise in net profit to 5.4 billion yuan (US$800 million) for…
Read MoreGold steady as traders assess impact of Hormuz flare-up on rates
Bullion trades around US$4,245 an ounce, after ending the previous session down 0.2% Published Fri, Aug 7, 2026 · 08:41 AM — Updated Fri, Aug 7, 2026 · 08:58 AM [SINGAPORE] Gold moved in a narrow range as traders assessed the impact of a reported Iranian attack in the Strait of Hormuz on the US…
Read MoreGold heads for best week since January, US jobs data in focus
Published Fri, Aug 7, 2026 · 08:41 AM — Updated Fri, Aug 7, 2026 · 03:08 PM [BENGALURU] Gold rose more than 1 per cent on Friday (Aug 7) and was set for its biggest weekly gain since January, helped by weaker oil prices, while investors awaited key US nonfarm payrolls (NFP) data for clues…
Read MoreGeno Smith is giving fans a reason to believe in his Jets second act
Full disclosure: As the Jets floundered during the offseason in search of a viable starting quarterback for 2026, the thought of Geno Smith 2.0 in Florham Park never felt ideal. Memories of Smith’s calamitous and controversial first run with the Jets, his sulking nature and immaturity that led to that ill-fated locker room TKO were…
Read MoreOver 600 companies likely to be culled in Topix’s biggest overhaul: analysts
There has been long-standing investor criticism that the Japanese benchmark includes too many small and illiquid stocks Published Fri, Aug 7, 2026 · 08:25 AM JAPAN’S Topix stock index is poised for its biggest overhaul, with more than 600 companies — over a third of its constituents — likely to be gradually removed under new…
Read MoreSpaceX stock climbs as shares available for trading more than double
Published Fri, Aug 7, 2026 · 07:52 AM SPACEX stock rose in heavy trading on Thursday (Aug 6), as the number of shares available for public trading more than doubled following the expiry of the first of several lockup restrictions. The internet and rocket company’s stock was up 1.4 per cent at US$109.86, with over…
Read MoreLogan Webb’s glowing Dodgers praise will fuel Giants fans’ biggest fears
San Francisco Giants fans already have enough reason to be sick of the Los Angeles Dodgers. While San Francisco dominated this rivalry with three World Series victories in the 2010s, the Dodgers have already three championships this decade and are odds-on favorites to three-peat this season. Giants fans’ frustrations amplified when the Dodgers traded for…
Read More‘Size in banking is not everything’: UOB pursues capital-light strategy as Q2 profit rises; trims fee growth outlook
[SINGAPORE] UOB signalled that it will continue pruning non-core businesses as it reshapes itself into a more capital-light, advisory-led lender, with group chief executive Wee Ee Cheong saying that the bank will focus on businesses where it has a competitive advantage. The comments came after UOB reported a 10 per cent rise in its second-quarter…
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