Posts by Liam Redmond
Wall St edges higher at open with Mideast deal updates in focus
Published Fri, May 29, 2026 · 09:45 PM [NEW YORK] Wall Street’s main indexes opened higher on Friday (May 29), after closing at record highs the previous session, with markets awaiting details on reports that the US and Iran had reached a deal. The Dow Jones Industrial Average rose 104.9 points, or 0.21 per cent,…
Read MoreConcord New Energy to sell S$158.2 million in assets to Industrial Bank Financial Leasing
In this sell-and-leaseback deal, a CNE unit will lease the assets back for a period of 14 years [SINGAPORE] Clean-power developer Concord New Energy (CNE) has entered into an 840 million yuan (S$158.2 million) arrangement with Industrial Bank Financial Leasing to refinance the leases on its equipment and facilities for its energy-storage projects in China.…
Read MoreFed’s Schmid says officials must signal commitment to inflation
Published Fri, May 29, 2026 · 08:31 PM FEDERAL Reserve Bank of Kansas City President Jeff Schmid said he remained focused on elevated inflation and officials should make it clear they’re willing to do what is needed to achieve price stability. “With inflation running above the Fed’s 2 per cent definition of price stability for…
Read MoreSamsung, SK rally sparks forced selling as funds hit limits
Published Fri, May 29, 2026 · 08:25 PM [SEOUL] A blistering rally in Samsung Electronics and SK Hynix has turned into an unexpected headache for some funds, whose positions have grown so large that they are now forced to sell. Funds bounded by a 10 per cent single-stock cap rule have increasingly hit those limits…
Read MoreSingapore stocks end higher amid mixed regional showing; STI up 1%
Across the broader market, gainers outnumber losers 390 to 204, as 2.1 billion securities worth S$4.5 billion change hands Published Fri, May 29, 2026 · 06:55 PM [SINGAPORE] Stocks on the local bourse ended higher on Friday (May 29) amid hopes of a US-Iran truce deal, even as regional markets turned in a mixed performance.…
Read MoreBank of England’s Bailey says allowing inflation to run above target is appropriate
Published Fri, May 29, 2026 · 06:04 PM BANK of England Governor Andrew Bailey said on Friday that allowing inflation to run above the central bank’s 2 per cent target is justified given the uncertainty about the impact of the Iran war on the economy and the weak pace of growth. “But that tolerance would…
Read MoreAnother tech company says it will cut hundreds of jobs amid pivot to AI
Layoffs have continued with another tech company saying it was cutting people to enable it to use more artificial intelligence. Groupon announced in a security filing this month that it will cut up to 400 jobs, or nearly 25% of its worldwide workforce, as part of a broader restructuring plan to make the platform AI-native.…
Read MoreJapan’s Nikkei scales record peak on Mideast, AI optimism
Published Fri, May 29, 2026 · 05:06 PM [TOKYO] Japan’s Nikkei share average rose to a record high on Friday, powered by renewed optimism for a near-term peace deal in the Middle East and enthusiasm about AI shares after strong earnings from Dell Technologies. The Nikkei notched a lifetime-high close by climbing 2.5 per cent…
Read MoreAustralian shares log best day in seven weeks on Gulf peace hopes
Published Fri, May 29, 2026 · 04:50 PM AUSTRALIAN shares booked their best session in seven weeks on Friday (May 29), as news of a potential deal to extend the US-Iran ceasefire and reopen the Strait of Hormuz sparked a rush into battered stocks. The S&P/ASX 200 index rose 1.6 per cent to 8,731.70 in its…
Read MoreEuropean markets rise as investors await US-Iran ceasefire extension
Published Fri, May 29, 2026 · 04:38 PM EUROPEAN shares rose on Friday (May 29) and were on track to end the month higher, as investors took comfort from expectations that a proposed deal to extend the Middle East ceasefire and restore shipping through the Strait of Hormuz could be finalised. The agreement was yet to…
Read MoreYen back in danger zone as Tokyo officials keep investors on edge
Published Fri, May 29, 2026 · 02:04 PM [TOKYO] As Japan’s yen drifts back to levels that prompted official intervention a month ago, markets are sizing up Tokyo’s remaining financial firepower and political will to defend its ailing currency. Japan spent about US$63 billion in what were suspected to be multiple bouts of yen-buying intervention…
Read MoreSingapore’s Sea sets up AI investment team as part of tech pivot beyond e-commerce
Sea has been embedding AI in small ways like through product recommendations and seller tools Published Fri, May 29, 2026 · 01:40 PM SEA has set up a dedicated team to scout for new investments in AI, part of a broader effort to accelerate forays into the technology as it hunts for its next growth…
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