Posts by Liam Redmond
Seeking a job in finance? Internships are crucial for fresh grads, say observers
They help undergraduates build real-world experience, problem-solving and adaptability skills [SINGAPORE] Internships are becoming an increasingly important pathway for undergraduates seeking full-time roles in Singapore’s finance industry, said observers. According to Chua Pei Ying, head economist at LinkedIn Asia-Pacific, the share of new finance hires in Singapore who had prior internship experience rose by more…
Read MoreS&P 500, Nasdaq slip at open after solid jobs data fuels hawkish Fed fears; chip stocks fall
Published Fri, Jun 5, 2026 · 09:42 PM [NEW YORK] The S&P 500 and the Nasdaq dropped at market open on Thursday as chip stocks eased after a sharp rally, while a strong jobs report reinforced expectations of tighter monetary policy. The Dow Jones Industrial Average rose 48.1 points, or 0.09 per cent, at the…
Read MoreSingapore investors keep funds with Moomoo, Tiger Brokers, Longbridge amid China curbs
Published Fri, Jun 5, 2026 · 08:33 PM [SINGAPORE] Users of Moomoo, Tiger Brokers and Longbridge Securities in Singapore are staying put with these digital brokerages even as their parent groups – all with deep Chinese fintech roots – are targeted in Beijing’s latest drive to stem capital outflows. In late May, New Zealand-registered Tiger…
Read MoreJPMorgan upgrades Tesla to ‘neutral’, expects robotics to drive long-term growth
The bank hikes its price target on the electric-vehicle maker’s shares to US$475 from US$145 Published Fri, Jun 5, 2026 · 07:40 PM [BENGALURU] JPMorgan upgraded Elon Musk-led Tesla to “neutral” from “underweight” on Friday (Jun 5). The bank cited that the electric-vehicle maker’s valuation is increasingly driven by its push into autonomous driving and…
Read MoreUMS signs pact for joint venture with three Vietnamese precision engineering firms
[SINGAPORE] High-precision semiconductor company UMS Integration on Friday (Jun 5) announced that it has inked a non-binding memorandum of understanding (MOU) to invest about US$3.6 million for a 51.6 per cent stake in a joint venture (JV) company in Vietnam. The proposed JV will consolidate three Vietnam-based precision engineering and metal plating companies – Viet…
Read MoreChinese, HK investors banned from SpaceX IPO on security grounds: sources
The decision is driven by internal guidance related to US International Traffic in Arms Regulations Published Fri, Jun 5, 2026 · 06:41 PM — Updated Fri, Jun 5, 2026 · 10:12 PM [HONG KONG/NEW YORK] Underwriters on SpaceX’s US$75 billion initial public offering have been told not to accept orders from investors in Hong Kong…
Read MoreSingtel gets funding boost from government to strengthen AI push, create high-value roles
Telco will partner Digital Industry Singapore in a move that can help the Republic strengthen its artificial-intelligence sovereign capabilities [SINGAPORE] Singtel will partner Digital Industry Singapore (DISG) to strengthen its capabilities in AI-enabled operations, digital infrastructure and customer platforms, and create new AI-related roles. The initiative, which was announced on Friday (Jun 5) at Singtel’s…
Read MoreSingapore stocks close lower, tracking Asia sell-off; STI still ends week higher
Published Fri, Jun 5, 2026 · 06:29 PM [SINGAPORE] Singapore stocks ended lower on Friday (Jun 5), tracking a broader decline across regional markets. The benchmark Straits Times Index (STI) fell 0.4 per cent, or 17.57 points, to close at 5,049.96. Despite the decline, it still managed to post a weekly gain in the holiday-shortened…
Read MoreLatest data show Californian conundrum: high growth but high unemployment
California, the epicenter of the artificial intelligence boom, continues to grow its economy faster than the nation, but more people are losing their jobs and the cost of living remains high. New economic indicators released this week show how the Golden State is grappling with the effects of the Iran war, as well as an…
Read MoreData centre operator DayOne raises US$4.5 billion in Series C funding
New investors include sovereign wealth fund Indonesia Investment Authority and Achi Capital Partners [SINGAPORE] Data centre operator DayOne announced on Friday (Jun 5) that it has raised US$4.5 billion in the final closing of its Series C financing round. It was led by existing investors Coatue and Hillhouse, which are now DayOne’s two largest shareholders.…
Read MoreAnthropic calls for AI pause button to let humans take stock
It calls for a system in which governments and developers collectively decide when to slow work on the tech to stave off the risks it may pose Published Fri, Jun 5, 2026 · 05:38 PM — Updated Fri, Jun 5, 2026 · 08:31 PM [NEW YORK] Anthropic called for the creation of a system in…
Read MoreChina allows some banks to offer higher rates on US dollar deposits
The move signals a relaxation of a ceiling imposed in 2023, when the renminbi was under pressure Published Fri, Jun 5, 2026 · 05:30 PM [BEIJING] China is allowing some banks to offer higher interest rates on corporate US dollar deposits, sources said. It is a move that may damp the renminbi’s recent gains by…
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