Posts by Liam Redmond
Wall Street opens higher on AI optimism, Middle East truce hopes
Published Wed, May 27, 2026 · 10:03 PM [NEW YORK] Wall Street’s main indices opened higher on Wednesday (May 27) aided by sustained artificial intelligence-driven momentum, while investors were cautiously optimistic that the US and Iran would reach a deal. The Dow Jones Industrial Average rose 25.5 points or 0.05 per cent at the open…
Read MoreLululemon settles dispute with founder by shaking up board
The company will add a former ESPN executive and sneaker maker On’s previous co-CEO as directors Published Wed, May 27, 2026 · 09:41 PM LULULEMON Athletica agreed to resolve a long-simmering dispute with founder Chip Wilson by overhauling its board with three new directors. The company will name two of Wilson’s nominees to the board…
Read MoreAluminium price spike from Middle East war fans costs for US solar industry
Published Wed, May 27, 2026 · 09:29 PM COMMERCIAL US solar customers are seeing installation costs spike as the war in Iran chokes supply of aluminium and makes racking systems more expensive, compounding financial pressures on an industry already grappling with elevated silver prices. Aluminium is vital for solar racking components such as rails, clamps,…
Read MoreIndiGo, Air India cut June-July domestic flights amid high jet fuel prices: sources
Reductions highlight the vulnerability of the South Asian nation’s aviation industry to external shocks Published Wed, May 27, 2026 · 08:58 PM INDIGO and Air India, India’s two largest airlines, have sharply cut their planned domestic flights for June and July, sources familiar with the matter said, as the industry grapples with a rise in…
Read MoreGermany, Spain push back on European plan to ban Huawei gear
Published Wed, May 27, 2026 · 07:27 PM GERMANY and Spain are leading opposition to European Commission plans to ban Chinese technology suppliers from telecom networks as part of new cybersecurity rules, said people familiar with the negotiations. Officials from the countries want to keep state-level control, and have expressed concerns that banning products from…
Read MoreTSMC CEO pledges over 30% incentive bump as AI profits soar
This comes after days of online discourse about the company’s quarterly bonuses Published Wed, May 27, 2026 · 07:16 PM TAIWAN Semiconductor Manufacturing Co (TSMC) chief CC Wei told staff that they will see more than a 30 per cent bump in their profit-sharing payouts this year on average, responding after some voiced concerns over…
Read MoreHong Kong banks tighten scrutiny of Chinese clients after trading curbs
Lenders have also raised the threshold for mainland applicants seeking savings accounts Published Wed, May 27, 2026 · 07:06 PM [HONG KONG] Hong Kong banks are ramping up scrutiny of mainland Chinese clients opening savings and investment accounts, as part of a broader push to stem capital flight after Beijing launched an unprecedented crackdown on…
Read MoreKoh Brothers Eco Engineering proposes transfer to SGX mainboard
The move will enhance its profile locally and overseas, which can result in better liquidity and share performance [SINGAPORE] Catalist-listed engineering solutions provider Koh Brothers Eco Engineering has proposed a transfer to the mainboard of the Singapore Exchange (SGX) to enhance the long-term value for its shareholders. The company said on Wednesday (May 27) in…
Read MoreBigger is better: Bank of Singapore doubles down on the ultra-wealthy – and the bankers chasing them
CEO Jason Moo says the lender is starting to see large amounts of flow enter the region [SINGAPORE] If it takes the same effort to serve a US$100 million client as a US$10 million one, then why not go bigger? That blunt calculation is shaping the next phase of growth at Bank of Singapore (BOS),…
Read MoreWhy Huawei’s new chipmaking plan has investors buzzing
The company’s vision for improving semiconductor efficiency has sparked a rally across the sector in China Published Wed, May 27, 2026 · 05:20 PM THE artificial intelligence boom has triggered an insatiable demand for computing power, with companies such as Amazon, Meta Platforms and Microsoft pouring hundreds of billions of dollars into data centres and…
Read MoreOnce investor darlings, Australian banks get reality check on mortgage change
Their shares slide as housing demand and investor lending weaken; lenders turn to cost cuts, automation to protect returns Published Wed, May 27, 2026 · 04:29 PM [SYDNEY] A looming slowdown in mortgage lending, higher provisions for souring loans and rising interest rates are darkening the outlook for Australian banks, pushing investors away from their…
Read MoreChina’s Xpeng backed by local govt investment fund with undisclosed sum
Published Wed, May 27, 2026 · 01:03 PM [BEIJING] Chinese electric vehicle maker Xpeng said on Wednesday (May 27) it was picked among the first batch to sign on a local government investment fund in the southern province of Guangdong. The automaker based in the city of Guangzhou which is pivoting towards robotaxis, humanoid robots…
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