Posts by Liam Redmond
European shares dip as Middle Eastern developments keep investors wary
Rising energy prices and geopolitical uncertainty have clouded the central bank’s rate outlook Published Fri, May 29, 2026 · 05:38 AM [BENGALURU] European shares closed lower on Thursday (May 28), though they pared steeper losses after a report on news outlet Axios said that the United States and Iran had agreed to extend a ceasefire…
Read MoreFed’s Musalem says officials can’t rely on AI boom to fix inflation
Investors are betting there is more than a 50 per cent chance the Fed will raise rates by the end of the year Published Thu, May 28, 2026 · 11:16 PM FEDERAL Reserve Bank of St. Louis President Alberto Musalem said policymakers cannot depend on a potential productivity boom from artificial intelligence to ease elevated…
Read MoreWaymo launches services with cheaper robotaxis in Los Angeles
Waymo is rolling out a new driverless taxi to help the company expand into more cities and tackle tougher driving conditions, including snowy roads, the company announced Wednesday. The new vehicle, dubbed the Ojai, will begin serving select customers in Los Angeles, San Francisco and Phoenix in the coming weeks. Rides will be free of…
Read MoreWarsh’s new challenge: Containing Fed hawks as inflation simmers
Published Thu, May 28, 2026 · 10:29 PM KEVIN Warsh won the race for Federal Reserve chairman partly by mapping out a route to lower interest rates. Now, the new Fed chief faces a starkly different dynamic: How to restrain a sudden shift in expectations for higher rates as fellow policymakers warn that inflation is…
Read MoreOsim founder Ron Sim drops claims against Trek 2000, sells 7.3% stake to Azure Capital
[SINGAPORE] Fund manager Azure Capital has become a substantial shareholder of Trek 2000 International, the company known for its ThumbDrive USB flash drive. In a bourse filing on Thursday (May 28), Trek said that Azure Capital acquired 22,074,000 ordinary shares, representing about 7.3 per cent of its issued share capital. The shares were bought from…
Read MoreTrek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital
[SINGAPORE] Fund manager Azure Capital has become a substantial shareholder of Trek 2000 International, the company known for its ThumbDrive USB flash drive. In a bourse filing on Thursday (May 28), Trek said that Azure Capital acquired 22,074,000 ordinary shares, representing about 7.3 per cent of its issued share capital. The shares were bought from…
Read MoreWall St muted as investors assess inflation data, Mideast developments
Published Thu, May 28, 2026 · 10:06 PM — Updated Thu, May 28, 2026 · 10:29 PM [NEW YORK] Wall Street’s main indexes retreated from record highs on Thursday (May 28) as escalating tensions between the US. and Iran dampened hopes of an imminent peace deal, while investors digested key inflation data. At 10.01 am…
Read MoreST Engineering names its group COO and commercial aerospace president as group deputy CEO
The group deputy CEO post has been vacant for 9 years, but the company says filling it now reflects its expansion [SINGAPORE] ST Engineering has appointed Jeffrey Lam as group deputy chief executive officer (CEO), effective Jun 1, 2026. Lam, currently chief operating officer (operations excellence) and president of commercial aerospace in the company, will…
Read MoreChinese dronemaker DJI defends security of products
Published Thu, May 28, 2026 · 08:53 PM [WASHINGTON] Chinese dronemaker DJI on Thursday told US lawmakers an outside review showed its drones do not pose security risks as it urged Washington to drop a ban on its newest products. In February, DJI, the world’s largest dronemaker, filed suit challenging the US Federal Communications Commission…
Read MoreOKP wins S$165.3 million LTA contract for commuter infrastructure works
[SINGAPORE] Infrastructure and civil engineering company OKP has secured a S$165.3 million contract from the Land Transport Authority for commuter infrastructure works in Singapore. Under the 48-month contract, which commenced on May 25, OKP’s wholly owned subsidiary Or Kim Peow Contractors will design and construct elevator shafts at 30 pedestrian overhead bridges in Singapore. The…
Read MoreMistral signs Airbus and BMW as it brings AI to manufacturing
Published Thu, May 28, 2026 · 07:59 PM FRENCH artificial intelligence startup Mistral AI is expanding into advanced manufacturing, striking deals with new customers Airbus SE and BMW AG as it looks to so-called physical AI to fuel growth. Paris-based Mistral offers AI models and computing infrastructure to corporate clients, and now aims to apply…
Read MoreSingapore stocks retreat as US-Iran strikes unsettle markets; STI down 0.8%
Across the broader market, losers outnumber gainers 405 to 248, as two billion securities worth S$2.8 billion change hands Published Thu, May 28, 2026 · 07:32 PM [SINGAPORE] Singapore stocks finished Thursday (May 28) lower after renewed US military strikes on Iran dampened hopes for a ceasefire in the Gulf, as well as investors’ risk…
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