Posts by Liam Redmond
SpaceX IPO makes Elon Musk the world’s first trillionaire
Elon Musk has co-founded five other companies, including tunnelling startup The Boring Company and brain implant maker Neuralink Published Fri, Jun 12, 2026 · 07:30 AM FEW business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in Internet culture and amassed a…
Read MoreTrafigura and Vitol sell more Venezuelan oil to Asia as war roils supply
Growing volumes of Middle Eastern crude offers have also pressured prices recently Published Fri, Jun 12, 2026 · 07:10 AM [SINGAPORE] Commodity traders Trafigura and Vitol are expanding efforts to sell Venezuelan oil into Asia, a move that comes as the South American country’s production rises and the Iran war disrupts competing supplies from the…
Read MoreKeppel eyes constrained markets as next frontier of data centre growth
Its 25 MW floating data centre, set for operation in 2028, has secured 100% occupancy [SINGAPORE] Keppel is targeting data centre markets where land and power are scarce, betting that these very constraints that its competitors avoid would allow it to charge higher prices. Wong Wai Meng, CEO of Keppel’s data centre business, said: “When…
Read MoreOiltek, Marco Polo Marine, Nam Cheong, OKP – Singapore boutique fund bets big on SGX small caps
It is drawn to factors such as their attractive valuations, strong balance sheets and industry tailwinds [SINGAPORE] A global equity fund has been steadily building positions in Singapore-listed small-cap stocks, with recent investments in Marco Polo Marine , Nam Cheong , OKP Holdings and Oiltek International . The fund made headlines in June 2026 after…
Read MoreIs the global tech sell-off the start of a bear market or just a correction? What experts say
Investors must assess if underlying drivers are cyclical and temporary, or indicative of a sustained weakening [SINGAPORE] The sell-off in global tech stocks that began on Jun 5 has garnered mixed reactions from investors. Some have expressed concern that this is the start of a bear market, while others believe it is simply a healthy…
Read MoreSpaceX IPO raises US$75 billion in biggest debut of all time
The sale breaks the previous record for the largest-ever IPO held by Saudi Aramco [NEW YORK] SpaceX on Thursday (Jun 11) priced the biggest-ever US initial public offering at US$135 per share, making Elon Musk’s rocket and spacecraft manufacturer one of the world’s most valuable companies. The IPO raised a record US$75 billion on the…
Read MoreGold jumps after Trump signals US-Iran truce deal is close
The precious metal has fallen 21% since the Middle East conflict began at the end of February Published Fri, Jun 12, 2026 · 06:44 AM — Updated Fri, Jun 12, 2026 · 08:11 AM [SINGAPORE] Gold jumped the most in more than two months after US President Donald Trump said that he cancelled planned military…
Read MoreOil tumbles as Trump signals US drawing closer to deal with Iran
A growing number of oil tankers are moving through the Strait of Hormuz, boosting the flow from a trickle to a stream Published Fri, Jun 12, 2026 · 06:20 AM [NEW YORK] Oil plunged to the lowest since April as US President Donald Trump said that a peace deal with Iran could be signed as…
Read MoreWall Street indexes jump, Trump says strikes against Iran cancelled
The Federal Reserve is widely expected to hold interest rates steady at its policy meeting next week Published Fri, Jun 12, 2026 · 05:56 AM [NEW YORK] US stocks ended sharply higher on Thursday (Jun 11), with indexes extending gains after US President Donald Trump said that he cancelled planned strikes against Iran, and on…
Read MoreEuropean shares snap four-day losing streak as investors weigh ECB rate hike
Published Fri, Jun 12, 2026 · 05:38 AM [BENGALURU] European shares closed higher on Thursday (Jun 11), snapping a four-day losing streak, as investors looked past escalating rhetoric from US President Donald Trump and weighed the European Central Bank’s (ECB) decision to raise interest rates. The ECB raised borrowing costs by an expected 25 basis…
Read MoreUS stocks: Wall Street ticks up as chips rebound, Middle East in focus
Published Thu, Jun 11, 2026 · 10:45 PM WALL Street’s major indexes inched higher on Thursday, as investors sought bargains in beaten-down technology stocks and kept a close watch on developments around the Middle East conflict. Chipmakers bounced back after Wednesday’s selloff sent major Wall Street indexes down more than 1 per cent and technology stocks into correction territory,…
Read MoreSpaceX IPO draws more than US$70 billion in retail orders
Published Thu, Jun 11, 2026 · 09:48 PM SPACEX’S initial public offering has attracted more than US$70 billion in orders from retail investors, according to people familiar with the matter, as the potentially record-breaking debut enters the home stretch. Retail investors are expected to be allocated at least 20 per cent of the available shares,…
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