Posts by Liam Redmond
Tiger Brokers, Moomoo, Longbridge Singapore units ‘financially independent’ amid China crackdown: MAS
But market observers note that the separation between customers’ funds and a company’s assets ‘is not completely airtight’ [SINGAPORE] The Singapore entities of three foreign brokerages targeted by Chinese regulators are “financially independent” from related group entities in Hong Kong and other jurisdictions that have come under regulatory action, said the Monetary Authority of Singapore…
Read MoreAustralia sues 3M for US$1.4 billion over PFAS ‘forever chemicals’ contamination
The claim is the largest brought by the country, reflecting the costs of the pollution Published Thu, May 28, 2026 · 06:58 PM [SYDNEY] The Australian government said on Thursday (May 28) it had launched legal action against 3M over contamination from firefighting foam containing PFAS, or so-called forever chemicals, supplied by the US company…
Read MoreTemu fined 200 million euros for breaching EU rules on sale of illegal products
Published Thu, May 28, 2026 · 06:30 PM — Updated Thu, May 28, 2026 · 10:19 PM [BRUSSELS] Chinese online retailer Temu has been fined 200 million euros (S$297 million) for not doing enough to stop the sale of illegal products, European Union tech regulators said on Thursday (May 28), following the first part of…
Read MoreWhat is behind the rising volume of Russian oil arriving in Singapore?
[SINGAPORE] The volume of Russian fuel oil in Singapore waters has risen to the highest level in a year, as a war constricts supplies from the Middle East, ship-tracking data shows. Around 1.26 million tonnes of the oil arrived in the Republic in April, cargo-tracking and energy market intelligence firm Vortexa told The Straits Times. This…
Read MoreDBS CEO Tan Su Shan ranks sixth globally on Fortune’s most powerful women list in 2026
[SINGAPORE] DBS group chief executive officer Tan Su Shan came in sixth globally and first in Asia on Fortune’s 2026 “Most Powerful Women in Business” list, which recognises female leaders commanding boardrooms, markets and industries globally. The annual list, now in its 29th year, was released on Wednesday (May 27) and features 100 women from…
Read MoreHow Issa Rae built TikTok’s first micro-drama hit
A brawny bodyguard shoves a bruised man, hands tied behind his back, toward the hood of a black SUV. A pen and a contract lay atop the metal, ready for a forced signature, while the man’s fiancee and her father watch in silence, seeking revenge on the person who betrayed them. It has all the…
Read MoreMichelin to cut up to 1,500 jobs in France to reduce costs
Published Thu, May 28, 2026 · 05:13 PM FRENCH tyre maker Michelin is considering a plan to cut up to 1,500 jobs over three years to reduce costs, the company said on Thursday, as it faces a hit from the Iran war. “In a highly unstable economic environment, this approach aims to optimise a cost…
Read MoreBank of Japan’s rate hike timing secondary to economy’s readiness: ex-BOJ Deputy Governor Wakatabe
Published Thu, May 28, 2026 · 04:39 PM [TOKYO] Former Bank of Japan Deputy Governor Masazumi Wakatabe said on Thursday that the timing of a potential interest rate hike is less important than whether the economy can withstand tighter monetary policy. “Whether the Bank of Japan raises rates in June is not the essential issue.…
Read MoreValuetronics posts 69.8% fall in H2 earnings as consumer electronics sales falter; revises dividend policy
[SINGAPORE] Valuetronics’ net profit fell 69.8 per cent to HK$24.1 million (S$3.9 million) for its second half ended Mar 31, from HK$79.9 million for the year-ago period. This translated to earnings per share (EPS) of HK$0.059, a 69.7 per cent year-on-year decline from HK$0.195, said the electronics manufacturing services provider on Thursday (May 28). Revenue…
Read MoreEx-BP chair Manifold says not everyone shared his efficiency priorities, but praises executives
Published Thu, May 28, 2026 · 04:17 PM [LONDON] Ousted BP chair Albert Manifold said on Thursday that he felt not everyone at the oil major had shared his priorities of cutting costs, simplifying the company’s portfolio and strengthening its balance sheet. However, he described newly appointed CEO Meg O’Neill and CFO Kate Thomson along…
Read MorePBOC tells Chinese banks to boost May lending as credit weakness persists
Published Thu, May 28, 2026 · 04:08 PM [BEIJING] China’s central bank has instructed banks to boost lending this month, people with knowledge of the matter said, underscoring Beijing’s continued efforts to support an economy squeezed by higher energy costs and stubbornly weak domestic demand. The People’s Bank of China issued the informal guidance to…
Read MoreNomura raises annual profit target 50% after record year
It seeks to post at least 750 billion yen (S$6.01 billion) in annual pretax income by the year ending March 2031 Published Thu, May 28, 2026 · 03:51 PM [TOKYO] Nomura Holdings raised its profit targets following a year of record earnings, as chief executive officer Kentaro Okuda pushes for stable growth. Japan’s biggest brokerage…
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