Posts by Liam Redmond
Trump thinks Musk will donate SpaceX stock to US child savings scheme
Published Fri, Jul 3, 2026 · 09:57 AM [WASHINGTON] US President Donald Trump said he thinks Elon Musk will donate SpaceX stock to the Trump accounts initiative, following other technology executives who have embraced the new investment vehicles for children. “Well, I think that he will do that,” Trump said in an interview on Thursday…
Read MoreAsian markets find footing as US jobs data, PMIs lift stocks
MSCI’s broadest index of Asia-Pacific shares outside Japan rises 2.2% after two consecutive days of declines Published Fri, Jul 3, 2026 · 09:33 AM — Updated Fri, Jul 3, 2026 · 03:38 PM [SINGAPORE] Stocks rose during the Asian trading session on Friday (Jul 3) after a lukewarm US jobs report poured cold water on…
Read MoreTokenisation could ease liquidity bottlenecks in next phase of cross-border payments, say panellists
Banks say digital assets will complement, not replace, existing cross-border payment systems [SINGAPORE] Liquidity has emerged as one of the biggest remaining hurdles in cross-border payments, with tokenisation offering banks a more efficient way to fund transactions. This comes as the industry moves towards round-the-clock settlement, executives from the Society for Worldwide Interbank Financial Telecommunication…
Read MoreChina quant funds draw billions as AI trounces human traders
The funds are churning out new products that are being snapped up by investors who are abandoning stock pickers Published Fri, Jul 3, 2026 · 08:53 AM [BEIJING] Quant funds in China have become so popular that they are being deluged with investors’ money. Ubiquant, one of the top players, raised 2.6 billion yuan (US$384…
Read MoreElite UK Reit sells four Wales properties for US$8 million
They have been divested to an unrelated third party, through the Reit’s wholly owned subsidiaries [SINGAPORE] The manager of Elite UK Real Estate Investment Trust (Reit) on Friday (Jul 3) announced the divestment of four properties in Wales for a total consideration of £6 million (US$8 million). The properties were sold to an unrelated third-party…
Read MoreStocks to watch: Frasers Property, Elite UK Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jul 3): Frasers Property : Soon Su Lin will step down as the CEO of Frasers Property Singapore on Oct 1, transitioning to a group advisory role, the property group announced on Friday. She will be succeeded by Tan…
Read MoreSoon Su Lin to step down as Frasers Property CEO; Tan Wee Hsien named successor
Following the planned succession, she will serve as an adviser to support the group CEO [SINGAPORE] Soon Su Lin will step down as the CEO of Frasers Property Singapore on Oct 1, 2026, transitioning to a group advisory role, the property group announced in a bourse filing on Friday (Jul 3). She will be succeeded…
Read MoreSoon Su Lin to step down as Frasers Property Singapore CEO; Tan Wee Hsien named successor
She will serve as adviser to Frasers Property Ltd CEO; change of guard comes amid group’s major revamp [SINGAPORE] Soon Su Lin will step down as the CEO of Frasers Property Singapore on Oct 1, 2026, after close to a decade at the group. She will move to a group advisory role after stepping down,…
Read MoreInterest in SGX-listed small and mid-cap stocks returning, but analysts flag overvalued tech stocks
June’s wave of share buybacks by SMIDs reflects boards’ thinking that valuations have overcorrected: UOBKH [SINGAPORE] Interest in Singapore’s small and mid-cap (SMID) stocks is showing signs of revival, but as the market returns to this space ahead of the earnings season, some analysts are suggesting that investors look beyond the heavily chased technology sector.…
Read MoreInterest in SGX-listed small and mid-cap stocks returning, but analysts flag overvalued tech counters
June’s wave of buybacks by SMIDs reflects boards’ thinking that valuations have overcorrected: UOBKH [SINGAPORE] Interest in Singapore’s small and mid-cap (SMID) stocks is showing signs of revival. But as the market returns to this space ahead of the earnings season, some analysts are suggesting that investors look beyond the heavily chased technology sector. Turnover…
Read MoreTesla quarterly deliveries set record, but firm’s shares down 7.5% despite positive result
It delivered 480,126 vehicles worldwide in the second quarter, a 25% jump from the year-earlier period Published Fri, Jul 3, 2026 · 06:33 AM [AUSTIN, Texas] Tesla’s vehicles sales beat Wall Street’s modest expectations by a wide margin, gaining in a slower-growing global market for plug-in cars. The Elon Musk-led company delivered 480,126 vehicles worldwide…
Read MoreOil edges higher ahead of long US weekend as Washington-Teheran peace efforts hold
Saudi Aramco has switched to spot pricing to speed up sales in Asia, according to trade sources and shipping data Published Fri, Jul 3, 2026 · 06:17 AM — Updated Fri, Jul 3, 2026 · 02:08 PM [PERTH] Oil prices edged up on Friday (Jul 3) before a long holiday weekend in the US, as…
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