Posts by Liam Redmond
Strong US dollar pushes yen to 40-year low as traders test Japanese authorities
Published Tue, Jun 30, 2026 · 08:52 PM [LONDON/SINGAPORE] The steadily climbing US dollar pushed the yen down to levels not seen since 1986 on Tuesday (Jun 30), heightening expectations that direct intervention from Tokyo was near, even if not immediate, and also putting the euro under pressure. The US dollar climbed to as high…
Read MoreLendlease Global Commercial Reit manager appoints existing director Penelope Ransom as board chair
[SINGAPORE] The manager of Lendlease Global Commercial Real Estate Investment Trust (Reit) on Tuesday (Jun 30) appointed Penelope Ransom, an existing non-independent non-executive director, as the board’s chairperson. Ransom, who has served as a director of the manager since November 2023, will also join the audit and risk committee. She is also part of the…
Read MoreBank of England’s Breeden warns AI agents risk triggering market meltdowns
Published Tue, Jun 30, 2026 · 08:33 PM AUTONOMOUS artificial intelligence agents risk causing “market meltdown” and may need tighter regulation, Bank of England Deputy Governor Sarah Breeden warned. Speaking in Sintra, Portugal, Breeden said that agents “could amplify volatility in stress” in financial markets if they all respond in the same way to similar…
Read MoreDeutsche Bank sells India retail business to Kotak Mahindra
The business with around 1,000 employees comprises around 2.7 billion euros (S$3.98 billion) in loans and serves 150,000 customers Published Tue, Jun 30, 2026 · 08:27 PM [FRANKFURT] Deutsche Bank said on Tuesday (Jun 30) that Kotak Mahindra Bank would acquire its Indian retail banking and wealth management business in India. The business with around…
Read MoreUS dollar appreciation leaves Apac with slowest wealth growth in 2025: UBS
Currency effects have dragged the region’s share of global wealth, though it remains a long-term growth driver [SINGAPORE] The Asia-Pacific recorded the slowest growth in personal wealth in 2025, as the depreciation of the US dollar boosted wealth growth in regions with appreciating currencies. Growth in total personal wealth was 5.9 per cent for Apac,…
Read MoreUS dollar depreciation leaves Apac with slowest wealth growth in 2025: UBS
Currency effects have dragged the region’s share of global wealth, though it remains a long-term growth driver [SINGAPORE] The Asia-Pacific recorded the slowest growth in personal wealth in 2025, as the depreciation of the US dollar impacted wealth growth in regions with appreciating currencies. Growth in total personal wealth was 5.9 per cent for Apac,…
Read MoreParkway Life Reit sells Japan nursing home for US$7.2 million
Amount is about 38% higher than what it paid 18 years ago, and 5% above the latest valuation [SINGAPORE] Parkway Life Real Estate Investment Trust has divested a Japan nursing home property for 1.165 billion Japanese yen (US$7.2 million), representing a premium of about 38 per cent over its 2008 acquisition price. This is about…
Read MoreEGP Energy Corporation lodges preliminary prospectus for mainboard IPO
The electrical infrastructure service provider has not disclosed the size of the offering nor listing date [SINGAPORE] Electrical infrastructure solutions and service provider EGP Energy Corporation on Tuesday (Jun 30) lodged a preliminary prospectus to list on the mainboard of the Singapore Exchange (SGX). The proposed offering is the second prospectus lodged on Tuesday, after…
Read MoreEurope’s Stoxx 600 on track for biggest quarterly gain in over five years on AI boost
Technology stocks rose 1.7 per cent and were set for their strongest quarterly gain since October 2001 Published Tue, Jun 30, 2026 · 04:55 PM EUROPEAN shares opened higher on Tuesday (Jun 30) and were on track for their biggest quarterly gain in more than five years, boosted by optimism around artificial intelligence and signs of easing…
Read MoreJapan’s Nikkei clocks best quarter on record on tech rebound
Published Tue, Jun 30, 2026 · 03:58 PM [TOKYO] Japan’s Nikkei share average climbed on Tuesday (Jun 30), powered by a rebound in technology stocks that have helped drive the gauge’s record quarterly gains. The benchmark Nikkei 225 advanced 0.86 per cent to close at 70,062.32. For the April-June quarter, the index soared 37 per…
Read More‘Explosive’ US dollar rally is among biggest pain trades, HSBC says
The bank expects the greenback to strengthen gradually through the first half of 2027 Published Tue, Jun 30, 2026 · 02:32 PM [LONDON] A sharp rise in the US dollar may emerge as one of the biggest “pain trades” in the second half of the year, according to HSBC Holdings. The bank expects the US…
Read MoreST Engineering unit wins US$87.1 million UK defence contract
It will provide nine variants of 40 mm high and low velocity grenades to the military [SINGAPORE] ST Engineering’s Advanced Material Engineering unit has secured a £65.8 million (US$87.1 million) contract with the UK’s Defence Equipment and Support, a trading entity within the UK Ministry of Defence. Under the agreement, the company will supply nine…
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