Posts by Liam Redmond
JPMorgan sets a new succession plan but Jamie Dimon plans to stay on
The question of Jamie Dimon’s eventual successor has for years been one of the most discussed transition sagas in corporate America Published Fri, Jun 26, 2026 · 08:02 AM [NEW YORK] Jamie Dimon plans to stay on as JPMorgan’s CEO for at least three more years, a source familiar with the matter said on Thursday…
Read MoreChina’s capital crackdown: Why Hong Kong will keep its edge among Asian markets
Analysts say move will strengthen, rather than diminish, the financial hub’s role [SINGAPORE] Despite China’s recent move to target illegal overseas trading, Hong Kong will still be viewed as an attractive listing venue in Asia, according to analysts. Morningstar’s head of equity research, Lorraine Tan, noted that capital continues to flow fluidly via official channels,…
Read MoreAirfares are staying high even as the jet fuel crisis fades
Consumer demand for air travel remaining high, airlines are unlikely to lower their fares Published Fri, Jun 26, 2026 · 07:03 AM [NEW YORK] A historic jet fuel crisis is now fading as prices fall globally, but US passengers are yet to see the benefit with airfares still elevated. The US-Iran war triggered a global…
Read MoreOil edges lower amid resumption of strait shipments even as vessel hit near Oman
Published Fri, Jun 26, 2026 · 06:07 AM — Updated Fri, Jun 26, 2026 · 09:31 AM [BEIJING] Oil prices fell on Friday (Jun 26) morning and are heading for steep weekly losses amid easing supply concerns as more stranded oil tankers exited the Strait of Hormuz, even though a cargo vessel was hit near…
Read MoreSnap sued by parents of girl who was raped by man she met on Snapchat
Social media company Snap is being sued by the parents of a girl who was raped when she was 12 years old by a man she met on disappearing messaging app Snapchat. The 111-page lawsuit, filed this week in a Missouri Circuit Court, alleges that Santa Monica-based Snap “enabled and facilitated the grooming, exploitation, and…
Read MoreWall Street ends mixed as tech megacap declines outweigh upbeat chip outlook
The S&P closes near flat and the Dow closes higher as investors digest new economic data Published Fri, Jun 26, 2026 · 05:42 AM [NEW YORK] The Nasdaq closed lower on Thursday (Jun 25), dragged down by losses in Big Tech shares, while the S&P closed near flat and the Dow closed higher as investors…
Read MoreEuropean shares hit record close with healthcare stocks leading broader rally
A rally in tech stocks helps push the Stoxx 600 to an intraday high, but fizzles out later in the session Published Fri, Jun 26, 2026 · 05:32 AM [BENGALURU] European shares notched up a record high close on Thursday (Jun 25), with healthcare stocks leading the way while a resurgent artificial intelligence rally triggered…
Read MoreSnap CEO Evan Spiegel and Miranda Kerr help erase $550 million in medical debt for Californians
Snap Chief Executive Evan Spiegel and his wife, supermodel Miranda Kerr, have helped pay off $550 million in medical debt for more than 261,000 Californians. The couple made a multimillion-dollar donation to Undue Medical Debt, a nonprofit that provides debt relief to people in financial need. The organization acquires medical debt in bulk from hospitals,…
Read MoreWall St opens higher after Micron revives AI optimism, upbeat economic data
Published Thu, Jun 25, 2026 · 09:50 PM [NEW YORK] Wall Street’s main indexes advanced on Thursday (Jun 25) as strong forecasts from Micron and Qualcomm renewed AI optimism, while upbeat economic data aided sentiment. The Dow Jones Industrial Average rose 160.1 points, or 0.31 per cent, to 52,009.02. The S&P 500 rose 46.7 points,…
Read MoreChinese banks move to rein in retail gold trading on volatility
They cite risk management for the closures, which covers trading in both spot and deferred delivery contracts Published Thu, Jun 25, 2026 · 09:11 PM [SHANGHAI] Some major Chinese banks are shutting down services that aid retail trading in precious metals, after a multiyear rally in gold and silver went into reverse in recent months.…
Read MoreSingapore to upgrade PayNow, launch new finance institute to drive innovation
Move includes AI training for 100,000 professionals, new measures to prepare sector for emerging technologies [SINGAPORE] The Republic will upgrade its national payments infrastructure with new PayNow capabilities, including interoperable QR payments and support for artificial intelligence-driven commerce, as the Monetary Authority of Singapore (MAS) seeks to get ahead of the curve on payment trends…
Read MoreDel Monte Pacific back in the black, but remains in net capital deficit of US$589 million
It posts US$10 million Q4 profit but collapse of US unit leaves current liabilities exceeding current assets by US$787 million [SINGAPORE] Canned-food brand Del Monte Pacific on Thursday (Jun 25) reported a Q4 net profit of US$10.1 million, a sharp reversal from the US$704.1 million loss for the previous corresponding period. The big improvement was…
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