Posts by Liam Redmond
Asian 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…
Read MoreGold holds gain after Warsh remarks ease Fed rate-hike prospects
Published Thu, Jul 2, 2026 · 08:58 AM [SINGAPORE] Gold held a rebound after a speech by US Federal Reserve chairman Kevin Warsh dampened speculation the central bank may hike interest rates this year to tackle inflation. Bullion was trading around US$4,050 an ounce after closing up 0.6 per cent on Wednesday (Jul 1), snapping…
Read MoreKPMG Australia brings in independent chairman after whistleblower allegations prompt leadership exodus
Published Thu, Jul 2, 2026 · 08:48 AM [SYDNEY] KPMG Australia on Thursday (Jul 2) named Michael Ebeid, the former boss of public service broadcaster SBS, as its first independant chairman, as the firm battles a scandal over whistleblower allegations that staff misused confidential information to win audit work. The appointment comes a week after…
Read MoreAs Trump reports $2.2 billion in 2025 income, ethics experts raise alarms
Ethics experts sounded the alarm Wednesday after new financial disclosure reports revealed that President Trump’s income ballooned to $2.2 billion in 2025, with $1.4 billion coming from various new cryptocurrency-related businesses. “It’s bribery. It’s graft. It’s exploitation of public power for private financial gain,” said Kathleen Clark, a law professor at Washington University and an…
Read MoreApple seeks to buy Chinese-made memory chips with lobbying push
Both CXMT and YMTC are on US Defense Department list of entities believed to support Beijing’s military Published Thu, Jul 2, 2026 · 06:28 AM [LOS ANGELES] Apple is in negotiations to purchase chips from two Chinese semiconductor makers on a Pentagon blacklist to help reduce the impact of a global memory shortage that’s forced…
Read MoreEuropean shares close lower after rally, as concerns over US Fed rates and Iran peace deal linger
The US Fed Chair says policymakers will decide whether to raise interest rates when they begin their next meeting Published Thu, Jul 2, 2026 · 05:37 AM EUROPEAN shares slipped on Wednesday (Jul 1), after a strong finish to the second quarter, as investors assessed indications that US interest rates could stay higher for longer,…
Read MoreMeta is building a cloud business to sell excess AI computing power
It will run the data centres and chips that power the models and charge developers to access them Published Wed, Jul 1, 2026 · 10:58 PM META Platforms is developing plans for a cloud infrastructure business that will sell access to AI computing power and models, setting up a new vector of competition with industry…
Read MoreSony to end production of physical PlayStation discs in 2028
The company becomes the first major console maker to fully abandon physical media Published Wed, Jul 1, 2026 · 09:56 PM SONY Group will end production of physical discs for its PlayStation video-game consoles starting in January 2028, going all in on a digital approach that will require consumers to download titles from the company’s…
Read MoreSamudera Shipping acquires DBS property holding company Crest10 for S$21 million
It calls this a chance to own a strategically located commercial premises for its own use and/or for investment [SINGAPORE] Samudera Shipping Line has acquired Crest10, a DBS property holding company, for S$21 million, it announced on Wednesday (Jul 1). It entered into and completed a sale-and-purchase agreement with DBS Bank for the purchase of…
Read MoreKoh Brothers Eco Engineering gets in-principle approval to move to SGX mainboard
The proposed transfer is expected to boost group’s visibility, give it access to wider investor base [SINGAPORE] Koh Brothers Eco Engineering has received in-principle approval to transfer its listing from the Catalist board to the mainboard of the Singapore Exchange, the sustainable engineering solutions provider said on Wednesday (Jul 1). The proposed transfer – first…
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