Posts by Liam Redmond
Gordon Tang’s Acrophyte trust tumbles 13% after distribution suspended
Hospitality trust’s H1 distributable income dips 35.8% to US$1.8 million; distribution suspended until H2 2028 [SINGAPORE] The managers of Acrophyte Hospitality Trust on Thursday (Aug 6) recorded distributable income of US$1.8 million for its first half ended Jun 30, down 35.8 per cent year on year from US$2.8 million. It will suspend distribution to its…
Read MoreMajor US hedge funds targeted in wave of attempted cyberattacks
Recent spree unfolded as US authorities were also racing to contain cyberattacks on water systems Published Thu, Aug 6, 2026 · 10:16 AM HACKERS launched a wave of sophisticated attacks on Wall Street firms in recent days, targeting information systems at major money managers, according to people familiar with the matter. Point72 Asset Management informed…
Read MoreRock band ZZ Top cancels concert hours before show due to undisclosed ‘personnel matters’
ZZ Top abruptly canceled their show Wednesday just hours before they were set to perform. The classic rockers were scheduled to perform at the Hollywood Bowl in Los Angeles, but announced that they were forced to cancel due to “unforeseen personnel matters ” in a message posted on their official Instagram account. Ticket holders will…
Read MoreAustralian shares hit record high as miners rally on US-Iran optimism
Published Thu, Aug 6, 2026 · 10:13 AM AUSTRALIAN shares rose to a record high on Thursday (Aug 6), underpinned by heavyweight miners, as risk appetite remained buoyant on prospects of a US-Iran peace deal that could end the five-month-long war and reopen the Strait of Hormuz. The S&P/ASX 200 index was up 0.7 per…
Read MoreAsia shares fall on tech pullback after AI-fuelled rally; SK Hynix plunges 10%
Published Thu, Aug 6, 2026 · 10:08 AM — Updated Thu, Aug 6, 2026 · 02:28 PM [TOKYO] Asian shares reversed course on Thursday (Aug 6) after the previous day’s AI-fuelled rally, as fickle enthusiasm over AI spending turned cautious, while oil prices held in a tight range as markets assessed prospects for a US-Iran…
Read MoreOpenAI accounted for likely 70% of Microsoft’s AI sales, disclosures show
The software giant logs US$24.1 billion in sales from the AI firm for the latest fiscal year ended June Published Thu, Aug 6, 2026 · 09:38 AM [SAN FRANCISCO] Microsoft generates most of its artificial intelligence revenue from OpenAI, according to new disclosures from the company. The software giant recorded US$24.1 billion in sales from…
Read MoreDBS shares close 2.1% up after hitting all-time high on Q2 earnings
Bank’s profit is up 9% at record S$3.08 billion, driving its shares as high as S$75.80 [SINGAPORE] Shares of DBS on Thursday (Aug 6) rose as much as 3.1 per cent on Thursday, touching an all-time high of S$75.80, after the release of its positive second-quarter earnings. The counter pared some of the gains to…
Read MoreSon of judge overseeing gang rape cases of slain LSU student Madison Brooks is a convicted serial rapist: reports
The son of the judge presiding over the gang rape cases of Louisiana State University student Madison Brooks before her death is a convicted serial rapist, according to media reports. The trial for Desmond Carter, 21, one of the three men accused of raping Madison Brooks in a vehicle before her death in January 2023,…
Read MoreCGSI Securities Singapore launches first ETF tracking SGX’s small and mid-cap stocks
[SINGAPORE] CGS International (CGSI) Securities Singapore is launching the first exchange-traded fund that tracks the performance of small and mid-cap counters on the Singapore Exchange (SGX). Called the CGS Fullgoal Singapore Next 50 ETF, the actively managed equity fund is benchmarked to the iEdge Singapore Next 50 Index, which tracks the performance of the next…
Read MoreCGSI Securities Singapore launches first active ETF tracking SGX’s small and mid-cap stocks
[SINGAPORE] CGS International (CGSI) Securities Singapore is launching the first active exchange-traded fund that tracks the performance of small and mid-cap counters on the Singapore Exchange (SGX). Called the CGS Fullgoal Singapore Next 50 Active ETF, it is benchmarked to the iEdge Singapore Next 50 Index, which tracks the performance of the next 50 largest…
Read MoreStocks to watch: DBS, Keppel, CapitaLand Ascendas Reit, CapitaLand Ascott Trust, CAReit, CSE Global, Coliwoo
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Aug 6): DBS: The local bank’s net profit for the three months ended Jun 30, 2026, stood at S$3.08 billion, up 9 per cent from the S$2.82 billion in the year-ago period. It rose as higher non-interest income –…
Read MoreCapitaLand Ascott Trust to acquire Coliwoo Midtown for S$134 million
The deal is expected to increase the trust’s pro forma distribution per stapled security by 2.4% [SINGAPORE] The manager of CapitaLand Ascott Trust (Clas) on Thursday (Aug 6) said that it will acquire Coliwoo Midtown in Singapore at an agreed property value of S$134 million. It will allow co-living operator Coliwoo to realise the value…
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