Posts by Liam Redmond
China’s Xpeng backed by local government investment fund with undisclosed sum
Published Wed, May 27, 2026 · 01:03 PM [BEIJING] Chinese electric vehicle maker Xpeng said on Wednesday (May 27) that 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…
Read MoreSK Hynix joins US$1 trillion club after Samsung, Micron on AI chip boom
Published Wed, May 27, 2026 · 12:20 PM [SEOUL] SK Hynix topped US$1 trillion in market value for the first time on Wednesday (May 27), joining its memory chip rivals Samsung Electronics and Micron Technology in reaching the milestone on an artificial intelligence-driven rally. Shares of SK Hynix jumped as much as 14.9 per cent,…
Read MoreGold holds loss as traders weigh prospects for US-Iran deal
Published Wed, May 27, 2026 · 09:31 AM GOLD held a loss, as fresh clashes in the Persian Gulf weighed on hopes for a US-Iran peace deal and reinforced concerns that inflation could keep interest rates higher for longer. Bullion was near US$4,510 an ounce in early trading, having fallen 1.4 per cent on Tuesday…
Read MoreChina’s humanoid robotics startup Unitree fast-tracks Shanghai IPO with target US$6.2 billion valuation
The Shanghai Stock Exchange’s listing committee will review Unitree’s application on Jun 1 CHINESE humanoid robotics startup Unitree Robotics is fast-tracking its initial public offering (IPO) on Shanghai’s tech-focused Star Market, seeking a valuation of roughly 42 billion yuan (US$6.2 billion). The Shanghai Stock Exchange’s listing committee will review Unitree’s application on Jun 1, just…
Read MoreUS stocks: S&P 500, Nasdaq hit record closing highs on AI optimism, Micron joins US$1 trillion club
Published Wed, May 27, 2026 · 08:21 AM [NEW YORK] The S&P 500 and Nasdaq hit record closing highs on Tuesday (May 26), as artificial intelligence-fueled optimism offset anxiety over Middle East peace talks – concerns that were compounded by recent US strikes on Iran. Semiconductor stocks, which have surged on AI-driven demand, led gains,…
Read MoreBrent crude jumps 4%, as US strikes in Iran set back hopes for Hormuz re-opening
Published Wed, May 27, 2026 · 07:58 AM [NEW YORK] Brent crude futures climbed about 4 per cent on Tuesday (May 26) after the US military carried out strikes in Iran, a setback to hopes over the weekend that the United States and Iran would reach an agreement to end the three-month war that would…
Read MoreAsia insurers increasing infrastructure debt exposure as capital rules shift: Schroders
The asset class offers access to sectors that institutional investors might not otherwise have [SINGAPORE] Changes in regulatory capital treatment under risk-based capital regimes in Asia will allow insurers to increase their exposure to infrastructure debt, said Emaad Sami, senior investment director for infrastructure debt at Schroders Capital. “Regulators have really made a concerted effort…
Read MoreUS stocks gain on optimism over US-Iran deal to open Hormuz
Published Tue, May 26, 2026 · 10:19 PM [NEW YORK] US equities climbed and US oil prices were lower as investors bet that a deal to re-open the Strait of Hormuz was close, even as hostilities flared to test the fragile ceasefire. The S&P 500 Index opened 0.6 per cent higher on Tuesday (May 26)…
Read MoreIHH Healthcare Q1 net profit edges up 3% to RM528 million
Foreign currency translation differences set the group back by RM796 million during the quarter [SINGAPORE] Integrated healthcare operator IHH Healthcare on Tuesday (May 26) reported a 3 per cent year-on-year rise in net profit to RM528 million (S$170.1 million) for its first quarter ended Mar 31. Revenue came in at RM6.6 billion, up 4 per…
Read MoreIndonesian court upholds earlier dismissal of 2.28 trillion rupiah claim on Keppel unit’s land
The claimant, Tumpal Hutabarat, has been ordered to pay costs, similar to a February ruling [SINGAPORE] Keppel said on Tuesday (May 26) that the Indonesian High Court has upheld an earlier dismissal of an individual’s 2.28 trillion rupiah (S$186.3 million) claim over Jakarta land owned by its subsidiary. Tumpal Hutabarat had alleged ownership rights to…
Read MoreSingapore stocks fall as US strikes Iran despite peace talks; STI down 0.8%
Across the broader market, losers beat gainers 322 to 257, after 1.9 billion securities change hands Published Tue, May 26, 2026 · 07:00 PM [SINGAPORE] Singapore shares ended lower on Tuesday (May 26) amid a mixed performance in regional markets, while Middle East tensions flared with the US launching strikes on southern Iran even as…
Read MoreChina expands travel curbs to top AI talent at private firms
The moves highlight how elite AI engineers are now seen as strategic assets to the country Published Tue, May 26, 2026 · 05:49 PM [BEIJING] China is restricting overseas travel for top AI professionals in private firms such as Alibaba Group Holding and DeepSeek, suggesting an escalation in measures intended to safeguard its technology and…
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