Posts by Liam Redmond
Dow claims record closing high, S&P 500 advances; chip sell-off weighs on Nasdaq
Published Fri, Jun 5, 2026 · 05:55 AM [NEW YORK] Wall Street advanced on Thursday (Jun 4) as progress towards ending the Iran war buoyed investor sentiment, while disappointing results from Broadcom led a chip sell-off that pulled the Nasdaq lower. The blue-chip Dow surged, hitting a record closing high with a boost from healthcare…
Read MoreEuropean shares rise as oil slips, investors watch Middle East
Published Fri, Jun 5, 2026 · 05:39 AM [BENGALURU] European shares rose on Thursday (Jun 4) as oil prices eased, although investors remained cautious on whether the latest developments in the Middle East would lead to a durable peace deal. Brent crude futures fell 2.8 per cent to US$95.06 a barrel after Israel and Lebanon…
Read MoreClimate risks in volatile times
Climate competency is increasingly tied to revenue, investor confidence and long-term shareholder value THE Iran war has brought geopolitical and climate risk into sharp focus, and the resulting global energy crisis has forced companies to reconsider their business strategy. Should businesses hunker down, conserve resources and wait for the storm to pass? Or, should they…
Read MoreS&P 500, Nasdaq slide at open as Broadcom revenue miss dents chip stocks
Published Thu, Jun 4, 2026 · 09:46 PM [NEW YORK] The S&P 500 and the Nasdaq dropped at the open on Thursday (Jun 4), as Broadcom’s revenue miss pressured chip stocks, while equity investors took a breather after a strong rally to record highs. The Dow Jones Industrial Average rose 299 points, or 0.59 per…
Read MoreBitcoin has longest losing streak since August in bruising week
The cryptocurrency has lost about half its value since hitting an all-time high above US$126,000 last October Published Thu, Jun 4, 2026 · 09:33 PM [NEW YORK] Bitcoin is poised for its longest losing streak since August, weighed down by the Middle East conflict, liquidations of bullish bets and this week’s rare sale of tokens…
Read MoreSingapore Airlines in talks for major new jet order: sources
The carrier is seeking offers for the 400-seat Boeing 777X or the slightly smaller Airbus A350-1000 Published Thu, Jun 4, 2026 · 08:32 PM [PARIS/HONG KONG] Singapore Airlines (SIA) is in talks with Airbus and Boeing to buy at least 50 of the industry’s biggest jets, as it plans a next phase of growth from…
Read MoreUS dollar slips from two-month high amid Iran talks, yen trades near 160
Published Thu, Jun 4, 2026 · 08:28 PM [HONG KONG] The US dollar slipped from a two-month high on Thursday (Jun 4) as optimism rose about a ceasefire in Lebanon, while markets were alert to the possibility of intervention as the Japanese yen hovered near the key 160 level. Lebanese President Joseph Aoun said on…
Read MoreCEO Jamie Dimon to pitch JPMorgan’s ultra-rich clients on SpaceX IPO
The scope of the bank’s push underscores the massive demand for what is likely to be the biggest market debut Published Thu, Jun 4, 2026 · 08:03 PM [SAN FRANCISCO] JPMorgan Chase chief executive officer Jamie Dimon plans to discuss the upcoming SpaceX initial public offering (IPO) with thousands of the bank’s high-net-worth clients this…
Read MoreFutu to suspend Chinese mainland investors from adding new positions
The service halts are in line with regulators’ requirements for overseas institutions to wind down prohibited activities Published Thu, Jun 4, 2026 · 07:57 PM [BEIJING] Hong Kong-based online broker Futu will halt services for opening or adding to positions and transferring funds into accounts for Chinese mainland investors from Jun 12, it said on…
Read MoreHSBC, AIA, Prudential shares slide after report of Hong Kong bank account curbs
The lenders are ramping up scrutiny of mainland Chinese clients opening savings and investment accounts Published Thu, Jun 4, 2026 · 07:40 PM — Updated Thu, Jun 4, 2026 · 10:57 PM [HONG KONG] HSBC Holdings and AIA Group shares fell alongside other Asia-exposed financial stocks after a media report said that some banks have…
Read MoreSTI constituents unchanged in June review; First Resources, Olam join reserve list
DBS remains the index’s largest stock by market capitalisation, at S$182 billion [SINGAPORE] There will be no changes to the 30 constituents of Singapore’s blue-chip benchmark – the Straits Times Index (STI) – following the latest quarterly review in June, the Singapore Exchange (SGX) said on Thursday (Jun 4). However, the STI reserve list –…
Read MoreCommercial vehicle COE likely to breach S$100,000; mainstream car premiums to remain elevated
EV demand, high diesel prices and short supply will continue driving upward pressure: observers [SINGAPORE] Industry observers predict new highs for commercial vehicle Certificate of Entitlement (COE) premiums this year. Strong demand for mainstream cars, meanwhile, are expected to keep premiums for that segment high. Ryan Woon, CEO of EcoSwift, the agent for China commercial…
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