Posts by Liam Redmond
Oil prices little changed as US-Iran peace efforts hold
Published Sat, Jul 4, 2026 · 08:35 AM [CALGARY] Oil prices were little changed for the week as traders held on to hopes for a successful outcome from attempts to secure peace between the US and Iran. Brent futures were up US$0.14 or 0.2 per cent at US$71.94 a barrel 6.31 pm GMT, ending the…
Read MoreEurope: Stoxx 600 clocks best week in over a month as rally broadens
Published Sat, Jul 4, 2026 · 08:15 AM [BENGALURU] Europe’s benchmark Stoxx 600 hit an intraday record high on Friday (Jul 3) and logged its biggest weekly jump in over a month, underpinned by gains in cyclical stocks and investors pushing back on expectations for an imminent US interest rate hike. The pan-European Stoxx 600…
Read MoreBoustead healthcare unit acquires majority stake in medtech company via S$6 million equity injection
[SINGAPORE] Boustead Singapore unit Boustead Medical Care Holdings (BMCH) has acquired a 60 per cent stake in a urology robotics company through a S$6 million equity injection, the engineering and technology group said on Friday (Jul 3). BMCH, which falls under Boustead’s healthcare division, focuses on rehabilitation robotics, digital healthcare and medical innovation. Singapore-based UroMedTech…
Read MoreHSBC, Standard Chartered weigh significant risk transfers as Asia-linked deals ramp up
Such moves allow banks to manage default risk on loan books, boost solvency ratios, free up regulatory capital Published Fri, Jul 3, 2026 · 07:11 PM HSBC is laying the groundwork for a significant risk transfer (SRT) linked to a portfolio of Asia-Pacific loans as it ramps up use of the hedging instrument. The bank…
Read MoreSingapore shares close higher amid softer US job growth; STI up 0.5%
Published Fri, Jul 3, 2026 · 06:15 PM [SINGAPORE] Singapore stocks ended higher on Friday (Jul 3), as softer job growth in the US dented expectations of a US Federal Reserve rate hike. The benchmark Straits Times Index (STI) gained 0.5 per cent or 27.14 points to finish at 5,244.29. Yangzijiang Shipbuilding led the gainers…
Read MoreBytedance’s TikTok took over social media. Now, its AI is taking over Hollywood
Earlier this year, a widely circulated 15-second AI-generated video of Brad Pitt fighting Tom Cruise on a rooftop sparked outrage across Hollywood. One screenwriter called the cinematic clip “terrifying.” The Motion Picture Assn. demanded the company behind the artificial intelligence tool — Chinese tech giant ByteDance — halt its “infringing activity.” Despite the uproar, the…
Read MoreMemory chipmaker Kioxia ships next-gen samples as AI boom fuels dramatic comeback
Its stock price surges more than sevenfold this year, to a market capitalisation of more than US$250 billion Published Fri, Jul 3, 2026 · 03:57 PM [KITAKAMI, Japan] Kioxia on Friday (Jul 3) held a ceremony at its fab in northern Japan as the chipmaker, whose shares have rocketed due to the artificial intelligence investment…
Read MoreCarlsberg confidentially files US$700 million India IPO
The offering, expected to comprise a secondary share sale by the brewer, can take place later this year Published Fri, Jul 3, 2026 · 03:27 PM [NEW DELHI] Carlsberg confidentially filed draft papers for an initial public offering of its India unit, a public advertisement said. The proposed IPO is expected to consist entirely of…
Read MoreHong Kong regulator targets IPO book building in new enforcement push
The watchdog finds that insiders are funding orders to artificially inflate public demand, sources say Published Fri, Jul 3, 2026 · 03:22 PM [HONG KONG] Hong Kong’s market watchdog is intensifying scrutiny of the city’s red-hot initial public offering market, broadening its regulatory crosshairs towards book building and share allocation practices, said sources. The Securities…
Read MorePersonal data of 70,000 people compromised after cybersecurity incident involving SLA vendor IBM
[SINGAPORE] The Singapore Land Authority (SLA) has disclosed that a cloud environment managed by IT software giant IBM suffered cybersecurity incident involving unauthorised access. SLA said the affected environment managed by the vendor is distinct and separate from SLA’s operational systems, with no other systems compromised. IBM has also revoked access associated with the affected…
Read MoreOil may slump to US$60 as Hormuz shock from US-Iran war fades: Citi
Among other banks, Goldman Sachs Group has said the global oil market is set to swing back into oversupply Published Fri, Jul 3, 2026 · 02:39 PM BRENT oil could extend declines to US$60 a barrel by the end of 2026 as disruptions in the Strait of Hormuz ease, according to Citigroup, adding to a…
Read MoreChip industry urges US to avoid moves that distort memory market
Shortage sparks policy debates beyond buying from blacklisted Chinese memory makers Published Fri, Jul 3, 2026 · 02:28 PM [WASHINGTON] Government attempts to address the global memory chip shortage by influencing prices or production capacity would worsen a historic squeeze on supply driven by the artificial intelligence boom, a semiconductor industry group warned the Trump…
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