Posts by Liam Redmond
European shares end at more than one-month high on tech boost
Analysts expect a deal that includes opening the Hormuz to lift European equities Published Sat, May 23, 2026 · 07:41 AM [BENGALURU] European shares finished at their highest in over a month on Friday (May 23), led by technology stocks as risk sentiment got a lift on expectations that a deal to end the Middle…
Read MoreWaymo suspends all freeway rides over safety
Waymo said that it’s pausing its robotaxi services on freeways in the U.S. as it updates its software to improve performance around construction zones and flooded roads. Before the suspension, freeway operations were available in San Francisco, Los Angeles, Phoenix and Miami. The company said that street and other off-highway operations of Waymos will continue.…
Read MoreUI Boustead Reit, Boustead unit to co-invest in S$104 million Seletar aerospace facility
The real estate investment trust may fully purchase the asset after it gets a temporary occupation permit [SINGAPORE] UI Boustead Real Estate Investment Trust (Reit) and Boustead Singapore are co-investing in the development of a build-to-suit aerospace facility in Seletar Aerospace Park, in a project valued at about S$104 million. The manager of the Singapore-listed…
Read MoreFed’s Waller says next move as likely to be rate hike as cut
Published Fri, May 22, 2026 · 11:04 PM FEDERAL Reserve Governor Christopher Waller said he supports making clear the central bank’s next interest-rate move is just as likely to be an increase as a cut, as the energy shock from the Iran war pushes up prices. Waller said his current position is to be patient…
Read MoreWall St rises at open, Dow hits record high
Published Fri, May 22, 2026 · 09:42 PM [NEW YORK] Wall Street’s main indexes opened higher on Friday (May 22) with the Dow hitting an intraday record high as investors watched for progress in talks to end the nearly three-month Middle East war. The Dow Jones Industrial Average rose 149.0 points, or 0.30 per cent,…
Read MoreSingapore stocks close higher amid cautious Middle East outlook; STI up 0.4%
[SINGAPORE] Singapore stocks ended higher on Friday (May 22), even as investors stayed cautious amid ongoing US-Iran peace talks aimed at ending the conflict in the Middle East. The benchmark Straits Times Index (STI) gained 0.4 per cent or 22.44 points to finish at 5,068.15. Keppel led the gainers on Singapore’s blue-chip index, rising 4.7…
Read MoreBank of Japan chief says he agreed to maintain dialogue with PM, no talk of June rate hike
Published Fri, May 22, 2026 · 06:42 PM — Updated Fri, May 22, 2026 · 07:31 PM [TOKYO] Bank of Japan Governor Kazuo Ueda said on Friday he had agreed to communicate closely with Prime Minister Sanae Takaichi on monetary policy, but added the two did not discuss the possibility of a June interest rate…
Read MoreThe Hour Glass H2 profit jumps 39% to S$103.8 million on higher sales
[SINGAPORE] Luxury watch retailer The Hour Glass reported a 39 per cent rise in net profit to S$103.8 million for its second half ended Mar 31, driven by stronger sales momentum. This was up from S$74.4 million a year earlier, the company said in a bourse filing on Friday (May 22). Revenue rose 16 per…
Read MoreAnother California tech company lays off thousands, citing AI
The layoffs bludgeoning the tech industry continued this week as artificial intelligence reshapes the industry. Mountain View-based Intuit, the maker of TurboTax, on Wednesday said it was laying off 17% of its workforce, or about 3,000 employees, as part of its restructuring to cut costs and invest in artificial intelligence. The company said it had…
Read MoreWhat the furore over ‘lower-value human capital’ reveals about AI and the future of banking
Lenders are learning that the artificial intelligence transition requires more than charting productivity gains AS BANKS around the world wax lyrical about the transformative potential of artificial intelligence, most executives have been careful to frame workforce reductions as part of broader efficiency drives, even as they pour billions of dollars into automation and AI. But…
Read MoreCiti to boost Asia wealth business with ‘significant’ hires, global head says
Published Fri, May 22, 2026 · 05:30 PM [HONG KONG] Citigroup plans to allocate a significant portion of its global wealth management hiring to Asia, where its private bank is growing faster and generating higher productivity than in other regions, the bank’s global wealth head Andy Sieg said. The US bank’s recently unveiled hiring plans…
Read MoreEuropean shares hit over two-week highs on signs of progress in US-Iran talks
Published Fri, May 22, 2026 · 05:02 PM EUROPEAN shares rose to a more than two-week high on Friday, lifted by technology stocks with investors optimistic about signs of progress in US-Iran peace talks despite both sides remaining at odds over key issues. The pan-European Stoxx 600 climbed 0.6 per cent to 624.50 points by 0801 GMT…
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