Posts by Liam Redmond
DBS, OCBC at fresh highs as Singapore banks lead STI gains
RHB cites wealth momentum as a tailwind as it lifts its rating on Singapore banks to ‘overweight’ [SINGAPORE] Shares of DBS and OCBC hit record highs on Tuesday (Jun 2) morning as Singapore banks ranked among the top gainers of the Straits Times Index (STI) and drove the blue chip barometer up 0.8 per cent…
Read More‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
[BANGKOK] For years, Siranudh Scott kept a traumatic childhood secret, staying quiet about the sexual abuse he allegedly suffered at the hands of his older brother between the ages of nine and 13. That silence ended in May. The scion of Thailand’s Singha beer empire went public with his story, shattering deep-seated cultural taboos in a conservative…
Read MoreNvidia’s AI chips sought by Chinese labs with ties to military
Two of the institutions that have expressed interest in the H200 chips rank among China’s “Seven Sons of National Defence” [WASHINGTON] At least seven Chinese universities that support the country’s armed forces and defence industry are seeking access to Nvidia’s H200 chips, the most powerful artificial intelligence processors ever allowed by the US to be…
Read MoreAs ‘tokenmaxxing’ and AI costs take off, companies turn to private token factories: Dell
Cost-cutting aside, having such machines on-premise is better for data security, firms realise [SINGAPORE] While companies encourage the use of artificial intelligence, they are also grappling with the rising costs of using tokens, the basic building blocks of the language understood by AI models. In China alone, daily token consumption exceeded 140 trillion in March…
Read MoreWall Street ends higher, boosted by tech gains, US-Iran peace hopes
The intensification of hostilities sent crude prices jumping, along with worries over the extent to which a protracted war could accelerate inflation Published Tue, Jun 2, 2026 · 05:59 AM [NEW YORK] Wall Street stocks posted modest gains on Monday (Jun 1) as investors watched developments in US-Iran peace negotiations and cheered the unveiling of…
Read MoreAI company Anthropic files to list shares, heating up race with OpenAI
Anthropic, the company behind the powerful artificial intelligence chatbot Claude, has filed to go public, the company said Monday. The development comes days after the company raised $65 billion, valuing it at $965 billion. The company, founded in 2021 by a breakaway faction from OpenAI, was viewed as an upstart that tailored its chatbots to…
Read MoreOil soars after report says Iran is set to halt messages with US
Brent climbs as high as US$96.10 a barrel, while West Texas Intermediate is above US$92 Published Mon, Jun 1, 2026 · 10:47 PM [WASHINGTON] Oil surged as traders reacted to an Iranian report that the country will stop exchanging messages with the US over Israel. Brent climbed as high as US$96.10 a barrel, while West…
Read MoreWall Street opens near record highs as AI optimism counters US-Iran war worries
Published Mon, Jun 1, 2026 · 09:45 PM [NEW YORK] Wall Street’s main indices opened near record highs on Monday (Jun 1) as investors weighed Nvidia’s latest artificial intelligence push against growing doubts over a deal to end the three-month-old US-Iran war. The Dow Jones Industrial Average rose 128.6 points, or 0.25 per cent, at…
Read MoreUS dollar in holding pattern as markets await progress on Middle East peace talks
Published Mon, Jun 1, 2026 · 08:27 PM [LONDON] The US dollar was steady on Monday (Jun 1) after a small weekly loss as investors awaited developments in Middle East peace talks and US jobs data later this week that could shape the Federal Reserve’s monetary policy path. The US dollar index, which measures the…
Read MoreGlobal stocks hold near highs as AI boom outweighs Middle East tensions
Oil prices surge nearly 3% as Gulf hostilities threaten Strait of Hormuz reopening Published Mon, Jun 1, 2026 · 08:13 PM [SYDNEY/LONDON] Global stocks held steady near record highs on Monday (Jun 1) as the artificial intelligence boom continued to drive demand, offsetting news of fresh attacks in the Gulf that challenged optimism about a…
Read MoreBYD sales rise for first time in 9 months on overseas demand
It is aiming to sell 1.3 million cars outside China this year, around 25% more than in 2025 Published Mon, Jun 1, 2026 · 07:32 PM [SHENZHEN] BYD’s total vehicle sales rose for the first time in nine months in May, buoyed by strong international demand as high oil prices spur the switch to electric…
Read MoreSoftBank Group overtakes Toyota as Japan’s most valuable company
Changing of the guard underscores how rapidly investor tastes have shifted towards companies that are benefiting from the AI build-out Published Mon, Jun 1, 2026 · 05:43 PM [TOKYO] SoftBank Group overtook Toyota Motor as Japan’s most valuable company on Monday (Jun 1), marking a milestone for the global artificial intelligence boom and a dramatic…
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