Posts by Liam Redmond
US stocks: S&P, Dow edge higher on Middle East deal hopes; SpaceX debut in focus
Published Fri, Jun 12, 2026 · 10:11 PM THE S&P 500 and Dow inched higher in choppy trading on Friday (Jun 12), buoyed by expectations for an imminent Middle East peace deal, while investors geared up for the market debut of Elon Musk’s SpaceX, which is estimated to be Wall Street’s biggest public listing in…
Read MoreSam Bankman-Fried loses bid to overturn crypto fraud conviction
Published Fri, Jun 12, 2026 · 09:39 PM [NEW YORK] Sam Bankman-Fried lost on Friday (Jun 12) his bid to overturn his fraud conviction and 25-year prison sentence over the collapse of the FTX cryptocurrency exchange he founded. The decision was handed down by a three-judge panel of the Manhattan-based 2nd US Circuit Court of…
Read MoreNestle India rejects allegations of infestation in its Maggi noodles
Published Fri, Jun 12, 2026 · 08:59 PM NESTLE India on Friday (Jun 12) rejected allegations that insects were found in its Maggi noodles product, after news agency ANI reported India’s food regulator had taken cognisance of social media complaints and issued notice to the consumer goods company. Nestle India said in a statement that…
Read MoreChina markets are ‘much cheaper’, but beware the crackdown on overseas trading: Amundi CIO
[PARIS] The chief investment officer (CIO) of French asset manager Amundi remains optimistic on Chinese markets, but has warned that Beijing’s recent crackdown on capital flows out of the country is not a good signal, especially for foreign investors. Chinese markets are still “much cheaper”, and the country’s Five-Year Plan has given investors reason to…
Read MoreRevised framework for single family offices to take effect on Jun 15: MAS
[SINGAPORE] The Monetary Authority of Singapore (MAS) on Friday (Jun 12) said that the revised framework for single family offices (SFOs) will take effect on Jun 15. Existing SFOs have a transition period of one year – until Jun 15, 2027 – to comply, the authority said in a press release. The revised framework is…
Read MoreEurope’s top carmakers urge simple ‘Made in Europe’ rules
In a joint letter, they are calling for 70% of vehicles sold in EU to source 70% of their value from within the bloc Published Fri, Jun 12, 2026 · 08:15 PM [MILAN] Automakers Volkswagen, Stellantis and Renault, which account for about 60 per cent of Europe’s car output, are urging the EU to adopt…
Read MoreBank of Japan to consider pausing bond taper next fiscal year, sources say
The BOJ is also expected to raise its short-term policy rate to 1 per cent from 0.75 per cent at next week’s meeting. Published Fri, Jun 12, 2026 · 07:43 PM [TOKYO] The Bank of Japan will consider suspending the reduction in its government bond purchases from April 2027 onward, sources said, pausing a taper…
Read MoreComfortDelGro sees China and Singapore as key robotaxi markets
It aims to operate 3,000 autonomous vehicles, comprising 10% of its fleet, by 2030 [SINGAPORE] Transport operator ComfortDelGro (CDG) expects China and Singapore to be its prime markets for autonomous vehicles (AVs) in the near future. At a media briefing on the company’s AV strategy on Friday (Jun 12), Michael Huang, CDG’s head of its…
Read MoreSingapore stocks continue rally on Friday; STI up 0.8%
Jardine Matheson leads the gainers on the blue-chip index, rising 2.3% or US$1.45 to end at US$63.25 Published Fri, Jun 12, 2026 · 06:31 PM [SINGAPORE] Singapore stocks ended higher on Friday (Jun 12). The benchmark Straits Times Index (STI) gained 0.8 per cent or 37.7 points to finish at 5,025.80. Jardine Matheson led the…
Read MoreAI is cutting hours of office work, but also creating a new kind of busywork
As the use of artificial intelligence spreads across companies worldwide, it is relieving workers of tedious old chores but creating new ones. A new survey of individuals using AI found it made them more productive, saving each roughly 11 hours per week. But at the same time, the workers on average have to spend more…
Read MoreCiti sees Asian clients seeking more trade finance, risk support amid Middle East war
Firms and governments in Asia are reassessing their reliance on the Middle East for oil and energy supplies [SINGAPORE] Asian companies are turning to banks for trade finance, liquidity support and risk-mitigation tools as the Middle East conflict strains energy supply chains, pushes up costs and forces some buyers to look beyond long-standing suppliers. The…
Read MoreInfineon to open 5 billion euro chip fab as part of EU sovereignty push
It benefits from soaring demand for power chips used in AI data centres, which will be produced at the facility Published Fri, Jun 12, 2026 · 04:23 PM [BERLIN] Infineon Technologies is preparing to open its largest single investment, a five-billion-euro (S$7.4 billion) semiconductor factory, built with the help of European Union subsidies. This comes…
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