Posts by Liam Redmond
Foxconn says third quarter to outperform market expectations on AI strength
Published Mon, Sep 7, 2026 · 12:09 PM [TAIPEI] Foxconn’s third-quarter performance is expected to outperform market expectations given strong AI-related demand, the Taiwanese contract electronics maker said on Saturday (Sep 5), though it offered caution about “volatile” global politics. Foxconn, Nvidia’s biggest server maker and a major Apple supplier, has been a big beneficiary…
Read MoreHormuz traffic dips to lowest since May after US, Iranian strikes on ships
Commercial tankers now being deliberately used as instruments of reciprocal economic pressure Published Mon, Sep 7, 2026 · 10:33 AM [SINGAPORE] An average of 10 commodity ships transited the Strait of Hormuz per day over the past 10 days, the lowest since May, according to shipping data on Monday (Sep 7), after US and Iranian…
Read MoreUOBKH ‘Alpha Picks’ beats STI in August due to large-caps; Sats in for September
The Singapore portfolio rises 5.6% on a market cap-weighted basis while the STI gains 2.3% [SINGAPORE] The UOB Kay Hian (UOBKH) “Alpha Picks” portfolios for both Singapore and Malaysia outperformed their respective benchmark indices on key measures in August, said the brokerage on Thursday (Sep 3). The Singapore portfolio returned 5.6 per cent and 4.7…
Read MoreiX Biopharma closes in on US military approval for pain drug
The company says it expects to complete its Emergency Use Authorization submission in Q4 [SINGAPORE] iX Biopharma is clearing the path for its sublingual ketamine wafer to treat military casualties after the US officially opened a rare emergency regulatory route for battlefield pain medications, the company said on Monday (Sep 7). The move, triggered by…
Read MoreStocks to watch: CSE Global, Marco Polo Marine, iX Biopharma
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Sep 7): CSE Global : The company on Friday said its appointed financial adviser – Jefferies Singapore – in connection with the strategic review, has submitted a preliminary report which the board of CSE Global is currently reviewing. It…
Read MoreGold holds decline as traders weigh prospects for US Fed rate hike
Published Mon, Sep 7, 2026 · 08:20 AM GOLD held a decline, after stronger-than-expected US payrolls data raised the prospects for an interest-rate hike as early as next week. Bullion was little changed near US$4,430 an ounce, after falling 1 per cent in the previous session. US job growth surged in August and the unemployment…
Read MoreNikkei, Kospi rally as strong US jobs data brighten global growth outlook
Published Mon, Sep 7, 2026 · 08:00 AM — Updated Mon, Sep 7, 2026 · 10:20 AM [SYDNEY] Asian shares rallied on Monday (Sep 7) as the robust US jobs report was seen as positive for global growth even as it narrowed the odds on a rise in interest rates, while oil edged higher after…
Read MoreOil extends gains as US and Iran target ships in tit-for-tat attacks
Iran says a new restricted zone outside of Hormuz will be declared in the coming days Published Mon, Sep 7, 2026 · 07:36 AM — Updated Mon, Sep 7, 2026 · 02:38 PM [SINGAPORE] Oil prices extended gains on Monday (Sep 7) as tit-for-tat strikes between the US and Iran on vessels sailing in the…
Read MoreNasdaq faces first key resistance as uncertainty mounts
Published Mon, Sep 7, 2026 · 07:00 AM THE Nasdaq 100 has fully recovered from July’s sharp correction, but the calendar ahead offers little room for complacency. The index closed at 29,461 on Wednesday (Sep 2), gaining 1.24 per cent ahead of Friday’s non-farm payrolls release, which put the sharp decline at the start of…
Read MoreAmazon Prime Air cargo plane crashes after overrunning Miami runway; at least 5 killed
Published Mon, Sep 7, 2026 · 06:13 AM — Updated Mon, Sep 7, 2026 · 06:32 AM [CHICAGO] At least five people died when an Amazon Prime Air cargo flight overran a runway and crashed while landing at Miami International Airport on Sunday (Sep 6), prompting the closure of all runways and taxiways, local officials…
Read MoreChina to pump US$54 billion into state banks, insurers
This move is part of a coordinated push by Beijing to shore up capital across its financial system Published Sun, Sep 6, 2026 · 08:20 PM [BEIJING] China’s finance ministry will inject a combined US$54 billion into state-owned insurers and banks, the companies said on Sunday (Sep 6), in a coordinated push by Beijing to…
Read MoreUS dollar bounces on job gains, then pares ahead of CPI
Published Sun, Sep 6, 2026 · 07:44 PM [NEW YORK] The US dollar jumped on Friday (Sep 4) after data showed that US employers added 162,000 jobs in August, well above the 56,000 additions expected by economists, boosting bets on a September Federal Reserve interest rate hike. The dollar gave up some of its early…
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