Posts by Liam Redmond
South 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…
Read MoreSouth Korean shares post worst week since March on US tech sell-off
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…
Read MoreVolkswagen CEO aims to cut up to 100,000 jobs in the next few years
Published Fri, Jun 26, 2026 · 04:43 PM [BERLIN] Volkswagen CEO Oliver Blume aims to cut up to 100,000 jobs from the current workforce worldwide over the next few years and discontinue production at four of the group’s German plants, Manager Magazin reported on Friday (Jun 26). The magazine also said Blume intends to reduce…
Read MoreNikkei ends 4% lower as SoftBank tanks on OpenAI IPO delay report
Published Fri, Jun 26, 2026 · 04:26 PM [TOKYO] Japan’s Nikkei share average closed 4 per cent lower on Friday, erasing most of the gains from the previous session, as tech investor SoftBank Group tumbled more than 12 per cent after a report of a delay in OpenAI’s initial public offering. The Nikkei fell 4.15…
Read MoreUK’s Crown Estate profits fall as offshore wind fees decline
The value of the Crown Estate portfolio increased 11.3 per cent to £16.7 billion last year Published Fri, Jun 26, 2026 · 04:05 PM PROFITS at the Crown Estate, the property company that generates income for King Charles III, fell last year as a temporary boost from the licensing of new offshore wind farms began to fade. Operating profits at the company, which also owns swathes of commercial…
Read MoreThailand central bank chief says no need to raise rates now
Inflation should stay within the target range of 1% to 3% this year and next year Published Fri, Jun 26, 2026 · 03:53 PM [BANGKOK] Thailand’s central bank chief said on Friday (Jun 26) it will not raise interest rates if it is not necessary to do so. There is no need to raise rates…
Read MoreEuropean shares slip on global tech slump; Zalando down on regulator action
Published Fri, Jun 26, 2026 · 03:51 PM EUROPEAN shares opened lower on Friday, with technology shares tracking global sector weakness, while Zalando fell after Germany’s financial regulator launched a probe into the retailer’s accounts. The pan-European Stoxx 600 index was down 0.46 per cent at 637.27, as of 0711 GMT, retreating from a record-high…
Read MoreMorgan Stanley sees US$5.5 trillion Asia energy investment boom driven by AI, energy security
Projected opportunities could include power generation and fuel refining; coal and natural gas could make a comeback [SINGAPORE] Asia is on the cusp of a US$5.5 trillion energy investment supercycle over the next five years, as companies and governments ramp up spending to bolster energy security and meet artificial intelligence-driven energy needs, according to Morgan…
Read MoreHonda CEO apologises for company’s loss, wins investor backing at annual meeting
The company is seeking to recover from costly strategic missteps after posting its first annual loss in seven decades last month Published Fri, Jun 26, 2026 · 01:49 PM [TOKYO] Honda Motor CEO Toshihiro Mibe secured support for his reappointment to the Japanese automaker’s board at its annual meeting on Friday (Jun 26) after apologising…
Read MoreGCash owner seeks up to 92.3 billion pesos in record Philippine IPO
Published Fri, Jun 26, 2026 · 01:20 PM [MANILA] The company behind the Philippines’ biggest mobile wallet GCash is preparing what may become the country’s biggest initial public offering ever, seeking to raise as much as 92.3 billion pesos (S$2 billion). Mynt expects to sell up to 9.23 billion shares, including through an over-allotment option,…
Read MoreNew SGX, MAS equities panel to keep up pace of market revival
The group’s priorities include deeper engagement with stakeholders and strengthening market foundation [SINGAPORE] Stepping up outreach and communication will be among the key priorities of the newly formed Equity Market Implementation Committee (EMIC) as it oversees the measures to revive Singapore’s equities market. This includes deeper engagement with retail and institutional investors, prospective issuers, listing…
Read MoreNew SGX, MAS equities panel to fuel momentum of market’s revival
The group’s priorities include deeper engagement with stakeholders and strengthening market foundation [SINGAPORE] Stepping up outreach and communication will be among the key priorities of the newly formed Equity Market Implementation Committee (EMIC) as it oversees the measures to revive Singapore’s equities market. This includes deeper engagement with retail and institutional investors, prospective issuers, listing…
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