Posts by Liam Redmond
Wall 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…
Read MoreMicrosoft’s US$570 billion rout sets up its worst month since 2000
Published Mon, Jun 29, 2026 · 10:08 PM MICROSOFT shares are heading for their worst month since the dot-com era as investors continue to fret about how the software giant will fare in a world marked by artificial intelligence. The stock is down 17 per cent in June, putting it on course for its worst…
Read MoreComcast to split cable business from media in NBCUniversal, Sky spinoff
Published Mon, Jun 29, 2026 · 09:04 PM COMCAST will split into two publicly traded companies through a spinoff of NBCUniversal and Sky, separating its cash-generating broadband arm from a media and entertainment business under pressure from streaming rivals and industry consolidation. Shares of the company surged 22 per cent in premarket trading on Monday (Jun…
Read MoreMiddle East producers push on with oil and LNG loadings despite ship attacks
Published Mon, Jun 29, 2026 · 08:10 PM [SINGAPORE] Middle East producers are pushing ahead with oil and liquefied natural gas loading despite fresh ship attacks in the Strait of Hormuz and renewed strikes between the US and Iran in recent days, shipping data showed. Energy shipping in the strait slowed after attacks on a…
Read MoreCheaper AI is better: Soaring bills are reshaping how businesses choose models
Usage-based pricing makes artificial intelligence spending unpredictable, even as token prices drop Published Mon, Jun 29, 2026 · 07:47 PM SILICON Valley’s powerful and pricey artificial intelligence models have been a necessity for businesses looking to future-proof themselves. But now, a growing number of tech CEOs are arguing that cheaper options would be crucial for…
Read MoreSimba’s 5G spectrum hurdle may accelerate Singapore’s telco market reset
Regional experience such as in Thailand suggests that consolidation often leads to more disciplined pricing [SINGAPORE] Singapore’s telco sector may be approaching a turning point, as mounting spectrum pressures on fourth operator Simba raises questions over the sustainability of price-led competition, analysts said. A failed merger with M1, investigations into the utilisation of unauthorised spectrum,…
Read MoreSingapore stocks close higher amid mixed regional showing; STI up 0.3%
Published Mon, Jun 29, 2026 · 06:06 PM [SINGAPORE] Singapore stocks ended higher on Monday (Jun 29) amid a mixed showing in Asian markets. The benchmark Straits Times Index (STI) gained 0.3 per cent or 17.02 points to finish at 5,208.75. DFI Retail Group led the gainers on Singapore’s blue-chip index, rising 3 per cent…
Read MoreBritish American Tobacco to cut 5,500 jobs globally in restructuring push
The layoffs is expected to add £600 million (S$1.03 billion) of annualised incremental savings by 2028 Published Mon, Jun 29, 2026 · 05:30 PM BRITISH American Tobacco said on Monday it will cut 5,500 jobs and move a further 3,500 roles to strategic partners, impacting about 20 per cent of its global workforce, as it…
Read MoreThree in four S-Reits surveyed are preparing for sustainability assurance readiness: PwC Singapore
This signals how the need to strengthen data quality, processes and controls is increasingly recognised in the sector [SINGAPORE] A study by PwC Singapore on Monday (Jun 29) said three in four Singapore real estate investment trusts (S-Reits) surveyed are preparing for a sustainability assurance readiness assessment. This signals that the need to strengthen data…
Read MoreHSBC deepens Asia startup push three years after Silicon Valley Bank deal
Its Innovation Banking unit has styled itself as a one-stop shop for businesses just starting up or expanding [SINGAPORE] Three years after acquiring Silicon Valley Bank’s UK operations in the wake of the US lender’s collapse, HSBC is putting momentum into its push to become the bank of choice among tech startups, founders and the…
Read MoreMalaysia extends search for missing flight MH370 by one year
Published Mon, Jun 29, 2026 · 04:49 PM [KUALA LUMPUR] Malaysia has extended by one year its deal with deep-sea exploration firm Ocean Infinity to conduct an underwater search for missing Malaysia Airlines flight MH370, the transport ministry said on Monday. The Boeing 777 aircraft was carrying 227 passengers and 12 crew when it vanished…
Read MoreNikkei reverses course to end Monday higher as chip-related shares cut losses
Published Mon, Jun 29, 2026 · 03:45 PM [TOKYO] Japan’s Nikkei share average reversed course to end higher on Monday, as chip-related stocks cut losses after South Korea rolled out sweeping chip and AI mega-projects. The Nikkei closed 0.15 per cent higher at 69,468.11, after falling as much as 1.97 per cent earlier in the…
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