Posts by Liam Redmond
Mapletree Logistics Trust prices S$400 million perpetual securities at 3.5%
Net proceeds will go towards the group’s general corporate and working capital purposes [SINGAPORE] Mapletree Logistics Trust (MLT) has priced S$400 million in subordinated perpetual securities at 3.5 per cent under its S$3 billion euro medium-term securities programme. Net proceeds will go towards the group’s general corporate and working capital purposes, including the refinancing of…
Read MoreAnthropic inks US$10 billion computing deal with new cloud startup
This follows agreements with Elon Musk’s SpaceX, Advanced Micro Devices and Akamai Technologies Published Tue, Aug 4, 2026 · 08:32 PM ANTHROPIC has struck a US$10 billion deal for computing capacity from a months-old infrastructure startup, according to people familiar with the matter, marking the Claude maker’s latest effort to keep pace with demand for…
Read MoreMcDonald’s growth slows, in a sign that America’s diners are retrenching
The results suggest that restaurants will have to work harder as fuel and food costs rise Published Tue, Aug 4, 2026 · 07:59 PM MCDONALD’S posted slowing growth for a second straight quarter, in the latest sign that elevated petrol and food prices are weighing on consumer spending. Sales at established US restaurants rose 0.8…
Read MoreAll-Link’s public offer of 2.1 million shares 4.85 times subscribed
[SINGAPORE] All-Link Air & Sea’s initial public offering on the mainboard of the Singapore Exchange saw its public tranche of 2.1 million shares approximately 4.85 times subscribed. By the close of the offering at noon on Monday (Aug 3), the company had received 409 valid applications for the 2.1 million public offer shares. These applicants…
Read MoreUber’s robotaxi ambition to face scrutiny as shares languish
The ride-hailing company is estimated to report a 13% year-on-year jump in Q2 revenue Published Tue, Aug 4, 2026 · 07:07 PM [PHOENIX/SAN FRANCISCO] The breakdown of Uber Technologies’ robotaxi partnership with Alphabet’s Waymo is looming large over the ride-hailing giant’s quarterly results, as investors grow anxious about the stock that has lagged the broader…
Read MoreRevolut CEO sued by broker over fees on US$400 million superyacht
The claim is ‘without merit and will be defended’, says a spokesperson for Nik Storonsky’s family office Published Tue, Aug 4, 2026 · 06:25 PM [LONDON] Revolut CEO Nik Storonsky is facing a lawsuit in London claiming he dodged about 17.5 million euros (US$20.1 million) in commission when he bought a superyacht once valued by…
Read MoreThree Arrows going after founder Zhu Su’s wife for US$40 million from Dubai property sale
The property was allegedly paid for from a purported loan of US$50 million worth of cryptocurrency from the firm [SINGAPORE] While Zhu Su, the co-founder-director of the now-in-liquidation crypto hedge fund Three Arrows Capital, was serving jail time in Singapore for non-compliance of a court order, he was said to have transferred a Dubai property…
Read MoreSamsung’s retail investors seek extra shareholder meeting over buybacks, bonuses
The move comes after shares of the company lost over one-third of their value since June’s record highs Published Tue, Aug 4, 2026 · 05:11 PM [SEOUL] South Korean retail shareholder platform ACT said on Tuesday (Aug 4) that it had launched a campaign to call an extraordinary shareholders’ meeting at Samsung Electronics, urging the…
Read MoreLufthansa warns 2026 profits could fall amid fuel price volatility
The group plans to retire or temporarily ground several aircraft to streamline operations Published Tue, Aug 4, 2026 · 04:18 PM [LONDON/FRANKFURT] German airline group Lufthansa warned on Tuesday (Aug 4) that its operating profit could fall this year after the figure more than halved in the second quarter due to higher fuel costs tied…
Read MoreBP’s Q2 profit more than doubles to over US$5 billion after Iran war oil surge
Published Tue, Aug 4, 2026 · 03:31 PM — Updated Tue, Aug 4, 2026 · 09:46 PM [LONDON] BP’s second-quarter profit more than doubled to US$5.73 billion on higher oil and gas prices and strong refining margins, it reported on Tuesday (Aug 4), as CEO Meg O’Neill outlined the energy group’s priorities. Oil majors have…
Read MoreApple seeks preliminary injunction against OpenAI in trade secrets case
Apple alleges misappropriation of its trade secrets to benefit OpenAI’s foray into consumer hardware Published Tue, Aug 4, 2026 · 03:03 PM APPLE on Monday (Aug 3) asked a US judge for a preliminary injunction barring two former employees and OpenAI from accessing, acquiring, using or disclosing alleged confidential information as it moves ahead with…
Read MoreChina Mobile said to be mulling stake sale in Thailand’s True
Published Tue, Aug 4, 2026 · 02:29 PM [BANGKOK] China Mobile is considering selling its minority stake in Thailand’s telecommunications company True, according to people familiar with the situation. The Chinese mobile and Internet firm is working with an adviser to sound out initial interest from prospective buyers in its stake in True, the people…
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