Posts by Liam Redmond
China Resources New Energy shares triple on debut after Asia’s biggest IPO of 2026
The strong start for the renewable power operator offers a confidence boost for issuers and investors Published Thu, Jul 2, 2026 · 12:41 PM [SHANGHAI] China Resources New Energy shares nearly tripled in the company’s Shenzhen trading debut on Thursday (Jul 2), after the wind and solar power firm raised 24.5 billion yuan (US$3.61 billion)…
Read MoreUS regulator probes US$100 million insider trading linked to Chinese brokerages Futu, Tiger Brokers: sources
Published Thu, Jul 2, 2026 · 12:12 PM [WASHINGTON] The US Securities and Exchange Commission (SEC) is looking into allegations that unknown insider traders made US$100 million on options bets ahead of a recent Chinese regulatory crackdown on cross-border brokerages, said a person familiar with the matter. Susquehanna International Group went public with its claims…
Read MoreBYD set to overtake Tesla again in fully electric car sales
The carmaker’s shares rise 8.4% on Thursday, its biggest intraday gain since February 2025 Published Thu, Jul 2, 2026 · 11:55 AM BYD IS poised to reclaim the title of the world’s top seller of fully electric cars from Tesla as the Chinese automaker ships an increasing number of vehicles abroad. The carmaker’s shares climbed…
Read MoreMaybank trims 2026 STI target to 5,500, says weak IPO debuts could dampen market
Still, its head of research asserts that the core re-rating thesis for Singapore stocks is intact [SINGAPORE] Maybank has marginally lowered its 2026 year-end target for the Straits Times Index (STI) to 5,500 points, down from about 5,600 previously. This adjustment is a direct response to consensus downgrades in earnings per share (EPS) estimates –…
Read MoreGrab completes US$425 million acquisition of US-based Stash Financial
It plans to eventually introduce the digital financial services firm’s investing solutions, including an AI Money Coach, in South-east Asia [SINGAPORE] Technology company Grab on Thursday (Jul 2) announced that it completed its acquisition of Stash Financial, a US digital financial services company. The payment for a 50.1 per cent stake was made on Wednesday,…
Read MoreEl Nino may pile pressure on Asean food prices as dry weather meets fuel and fertiliser shock
Rice and palm oil prices could spike in a ‘Godzilla’ El Nino, with poultry and livestock prices also at risk [SINGAPORE] South-east Asian governments, food producers and farmers are bracing themselves for cost squeezes as a strengthening El Nino threatens to further roil crop yields – and they are already dealing with an ongoing energy…
Read MoreJapan records leap in currency-driven bankruptcies triggered by yen weakness
Published Thu, Jul 2, 2026 · 10:34 AM JAPAN’S weak currency caused the most bankruptcies for the first half of a year since 2022, underscoring the growing economic costs of the currency’s slump. The number of firms that failed from January to June for that reason stands at 45, up more than 30 per cent…
Read MoreHigh Court interprets vital term of Competition Act on market rivalry restriction
‘By object’ under section 34 of the act refers to conduct that has ‘manifest anti-competitive economic rationale’ [SINGAPORE] The High Court has defined a vital term of the Competition Act in the first appeal under this law, providing clarity on what conduct constitutes a restriction of competition. In a 113-page landmark judgment published Tuesday (Jun…
Read MoreSingapore High Court interprets vital term of Competition Act in case of price-fixing by warehouse operators
‘By object’ under section 34 of the Act refers to conduct that has ‘manifest anti-competitive economic rationale’ [SINGAPORE] The Singapore High Court has defined a vital term of the Competition Act in the first appeal under this law, providing clarity on what conduct constitutes a restriction of competition. In a 113-page landmark judgment published on…
Read MoreAsian shares fall on chip sell-off as Kospi sinks 4.8%; SK Hynix, Samsung shares tumble
Published Thu, Jul 2, 2026 · 09:31 AM [SYDNEY] Asian shares extended declines on Thursday (Jul 2) as investors rotated out of chipmakers after a stellar quarter, while currency and bond markets braced for US jobs data that could give pointers to the risk of interest rate hikes. Oil prices hit new four-month lows, with Brent…
Read MoreSP Group completes acquisition of EV charge point operator ChargEco
The national power company now has one of Singapore’s biggest electric vehicle charging networks [SINGAPORE] SP Group has completed its acquisition of charge point operator (CPO) Strides YTL, which operates under the name ChargEco. The move, announced on Thursday (Jul 2), means the national power company now owns and operates one of the Republic’s largest…
Read MoreTaiwan detains Super Micro workers in China smuggling probe
Four of the firms’ staff are being investigated for falsifying documents and breach of trust Published Thu, Jul 2, 2026 · 08:59 AM [TAIPEI] Taiwanese prosecutors detained two Super Micro Computer employees following a raid of the US company’s local offices earlier this week over alleged shipments of Nvidia chips to China. Prosecutors are investigating…
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