Posts by Liam Redmond
‘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…
Read MoreTencent ramps up buybacks as share rout wipes out US$309 billion
The company’s shares have lost more than a third of their value since an October high Published Tue, Jun 30, 2026 · 12:38 PM [HONG KONG] China’s Tencent Holdings is ramping up buybacks as its Hong Kong-listed shares struggle to recover from a sell-off that has wiped out about US$309 billion in market value since…
Read MoreChina’s Neolix receives approval to test autonomous vehicles in Malaysia
The company will conduct trials with partners Tiong Nam Logistics, Asia Mobiliti and MindHub in Cyberjaya [SINGAPORE] Beijing-based autonomous vehicle (AV) and logistics company Neolix has received regulatory approval to begin testing its AVs in Malaysia, it said on Monday (Jun 29). Approval has been given by Malaysia’s Ministry of Transport under the National Regulatory…
Read MoreAlibaba, Tencent dropped by DC lobbyists to comply with US curbs
Moves to drop Chinese clients highlight the rising importance of the Pentagon’s blacklist as a tool in US-China rivalry [WASHINGTON] Washington’s most powerful lobbying firms are rushing to cut ties with Chinese tech giants including Alibaba and Tencent Holdings as new US restrictions reshape the influence game for many Chinese companies. Under a law taking…
Read MoreAsian stocks erase gains, yen hits 40-year low
The MSCI Asia Pacific Index fell 0.2% as chipmakers such as Samsung Electronics and SK Hynix declined Published Tue, Jun 30, 2026 · 09:49 AM ASIAN equities erased earlier gains as technology stocks in South Korea edged lower after a blistering rally this quarter and the yen weakened to a historic 40-year low. The MSCI…
Read MoreChina misses out on AI boom as stocks trail by most since 2001
Hopes of the Chinese market shedding its boom-bust reputation have turned into disillusionment AFTER a banner year for Chinese stocks on the back of artificial intelligence advances, 2026 is not going well. The MSCI China Index has tumbled 15 per cent, the worst performance globally after Indonesia. The Chinese gauge last week traded at the…
Read MoreSuper Micro raided as Taiwan expands chip smuggling probe
The move expands Taiwan’s first public AI-chip diversion crackdown after years of pressure from Washington Published Tue, Jun 30, 2026 · 07:41 AM [TAIPEI] Super Micro Computer’s offices in Taiwan were raided by government authorities on Monday (Jun 29), widening an investigation into the alleged smuggling of Nvidia chips into China using the company’s servers,…
Read MoreOil settles up on US-Iran strikes; cautious hopes for shipping cap gains
Published Tue, Jun 30, 2026 · 06:53 AM [HOUSTON] Oil prices settled up more than 1 per cent on Monday (Jun 29) after attacks by the US and Iran underscored the fragility of their interim peace deal, while cautious hopes of a continued recovery in energy shipping through the Strait of Hormuz limited gains. Iranian…
Read MoreAnthropic partners with California to expand AI use by government workers
Anthropic teamed up with California to get more state workers to use its artificial intelligence assistant Claude as part of an effort to leverage technology to make the government more efficient. Gov. Gavin Newsom, who announced the partnership on Monday, said state agencies will be able to access Claude at a 50% discount. Free training…
Read MoreUS Supreme Court rejects Trump’s unprecedented bid to fire Fed’s Cook
[WASHINGTON] The US Supreme Court refused on Monday to let Donald Trump fire Federal Reserve Governor Lisa Cook as it stood firm to preserve the central bank’s cherished independence against an unprecedented challenge by the Republican president. The court, in a 5-4 ruling, blocked Trump’s bid to become the first president to remove a Fed…
Read MoreWall Street indexes climb as US, Iran halt attacks; Comcast surges on spin-off plan
Published Mon, Jun 29, 2026 · 10:42 PM WALL Street’s main indexes gained on Monday (Jun 29) as easing tensions in the Middle East lifted sentiment following recent hostilities between the US and Iran, while Comcast shares soared on plans to split into two companies. Iranian and US technical teams working to implement an interim…
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