Posts by Liam Redmond
Wall St opens lower as chip stocks resume slide
Published Fri, Jun 26, 2026 · 09:48 PM [NEW YORK] Wall Street’s main indexes fell on Friday (Jun 26), as chipmakers came under renewed selling pressure after a stellar run this quarter, with investors questioning high valuations and the repercussions of massive AI spending by companies. The Dow Jones Industrial Average fell 116.9 points, or…
Read MoreBOE sees weather as new inflation risk while London sizzles
Published Fri, Jun 26, 2026 · 09:03 PM As LONDON bakes in record-breaking sunshine, Bank of England officials are beginning to fret that, as one supply shock dissipates, the weather could produce the next one to push up inflation. Climate scientists increasingly expect a severe El Nino event disrupting global weather patterns will take hold…
Read MoreMore freight, bad weather cause delays in Singapore port
PSA observes higher vessel arrival volumes, says conditions are expected to be temporary [SINGAPORE] Port operator PSA Singapore has reported a surge in vessel arrival volumes in the Republic, attributing the cluster of arrivals to a mix of regional weather disruptions and mounting delays in global trade lanes. The higher volumes observed come “due to…
Read MoreDiverted freight, bad weather cause congestion in Singapore port
PSA observes higher vessel arrival volumes, says conditions are expected to be temporary [SINGAPORE] The port congestion in Singapore, the world’s largest transhipment hub, has happened as expected – since the Middle East conflict commenced. But weather has also played a part in vessel bunching at the city-state. Port operator PSA Singapore has observed higher…
Read MoreDiverted freight, bad weather cause delays in Singapore port
PSA observes higher vessel arrival volumes, says conditions are expected to be temporary [SINGAPORE] Port operator PSA Singapore has reported a surge in vessel arrival volumes in the Republic, attributing the cluster of arrivals to a mix of regional weather disruptions and mounting delays in global trade lanes. The higher volumes observed come “due to…
Read MoreSurbana Jurong group CEO Sean Chiao steps down; search for successor under way
The group credits him with steering its transformation agenda and anchoring its enterprise approach [SINGAPORE] Temasek-owned Surbana Jurong Group (SJ Group) announced on Friday (Jun 26) that its group CEO Sean Chiao will retire on Jul 31, after three years at the helm. SJ Group chairman Chaly Mah said in a statement that the board…
Read MoreSurbana Jurong group CEO Sean Chiao to step down; search for successor under way
The group credits him with steering its transformation agenda and anchoring its enterprise approach [SINGAPORE] Temasek-owned Surbana Jurong (SJ) Group announced on Friday (Jun 26) that its group CEO Sean Chiao will retire on Jul 31, after three years at the helm. SJ Group chairman Chaly Mah said in a statement that the board has…
Read MoreSingapore stocks decline on Friday amid global tech rout; STI down 0.5%
[SINGAPORE] Singapore stocks ended slightly lower on Friday (Jun 26) amid a global tech sell-off rippling across Asia markets. The benchmark Straits Times Index (STI) lost 0.5 per cent or 27.23 points to finish at 5,191.73. Across the broader market, losers outnumbered gainers 422 to 194, after 1.4 billion securities worth S$1.9 billion changed hands.…
Read MoreSwatch claiming US$170 million in damages against Samsung over trademark infringement
Published Fri, Jun 26, 2026 · 06:48 PM [LONDON] Swiss watchmaker Swatch is seeking US$170 million in damages in a lawsuit against Samsung in which it claims the South Korean electronics giant allowed digital clones of Swatch watches on Samsung smartwatches, the Financial Times reported on Friday (Jun 26) citing court documents. A British judge…
Read MoreReal estate firm Ohmyhome’s journey over the past 10 years
The sale of its main brokerage business for US$1 is the latest in a string of issues since its Nasdaq listing [SINGAPORE] Singaporean real estate company Ohmyhome has sold its main brokerage business and is set to focus exclusively on digital marketing. Filings on Jun 18 lodged with the US Securities and Exchange Commission showed…
Read MoreChina securities regulator ordered cross-border swap curbs, sources say
China’s TRS exposure is about 500 billion yuan (S$95.1 billion), mostly in overseas equities Published Fri, Jun 26, 2026 · 05:27 PM [HONG KONG/SHANGHAI] New measures this week to restrict mainland investors from using derivatives as a back-door to access global markets were ordered by China’s securities regulator, people familiar with the matter said, signalling…
Read MoreSouth Korean shares post worst week since March on US tech selloff
Published Fri, Jun 26, 2026 · 04:47 PM [SEOUL] South Korean shares dropped sharply on Friday to post their biggest weekly fall in more than three months, as overnight losses in US tech stocks prompted investors to book profits. The benchmark Kospi closed down 519.09 points, or 5.81 per cent, at 8,411.21, after falling 9 per cent…
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