Posts by Liam Redmond
European 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…
Read MoreStanChart CEO apologises for ‘lower-value’ comments after outcry
Published Fri, May 22, 2026 · 04:49 PM STANDARD Chartered chief executive officer Bill Winters apologised for his comments earlier this week about how artificial intelligence will affect “lower-value human capital,” after such remarks spurred public backlash. Winters wrote in a LinkedIn post on Friday that he recognised his “choice of words” has “caused upset…
Read MoreEstee Lauder-Puig talks fail after Charlotte Tilbury tension
Puig and Estee Lauder have been holding talks about a potential business combination since March Published Fri, May 22, 2026 · 04:37 PM [NEW YORK] The proposed multibillion-dollar tie-up between Puig Brands and Estee Lauder fell apart due to makeup artist Charlotte Tilbury’s demands regarding her compensation in the deal, according to people familiar with…
Read MoreQatar Airways to skip staff bonuses due to Iran war impact
The carrier has been the most impacted airline in the region by number of suspended flights Published Fri, May 22, 2026 · 04:16 PM [DOHA] Qatar Airways will skip handing out bonuses to almost 60,000 workers this year after the US-Israel war on Iran forced the carrier to cancel tens of thousands of flights and…
Read MoreEarnings miss, downside risks weigh on Singtel shares, but RHB sees ‘re-entry opportunity’
The brokerage expects legacy share overhang to clear, and is betting on the telco’s AI, cloud initiatives [SINGAPORE] Singtel’s share price volatility offers investors a “re-entry opportunity” into the counter, said RHB analysts on Friday (May 22), even as other brokerages flagged the group’s latest earnings miss. RHB analysts said the volatility has been amplified…
Read MoreHow China uses a ‘national team’ to influence trading
Beijing sees a stable, steadily rising stock market as essential to the country’s economic transition Published Fri, May 22, 2026 · 03:57 PM [BEIJING] China’s stock market has long been more volatile than Beijing would like, a problem that has taken on greater urgency as the government tries to shift growth away from property and…
Read MoreJapan’s Nikkei rallies to record close as AI shares shine
Published Fri, May 22, 2026 · 03:03 PM [TOKYO] Japan’s Nikkei share average soared to a record-high close on Friday (May 22) as AI shares rallied on the back of gains for US peers. The Nikkei ended the day up 2.7 per cent at 63,339.07, despite failing to breach the all-time intraday peak of 63,799.32…
Read MoreTaiwan semiconductor firm Kyec pumps S$100 million into new Singapore plant, creating over 300 jobs
The project is aimed at serving the ‘growing demand for automotive, high-performance AI products’ [SINGAPORE] A new semiconductor testing facility in Singapore will create over 300 jobs in engineering and managerial roles. Located in Ang Mo Kio, this is Taiwan-based semiconductor service provider King Yuan Electronics Corp’s (Kyec) first such facility overseas, and comes as…
Read MoreTaiwan semiconductor firm Kyec pumps S$100 million in new Singapore plant, creates over 300 jobs
[SINGAPORE] A new semiconductor testing facility in Singapore will create over 300 jobs across engineering and managerial roles. It will also provide the local workforce training in equipment engineering and advanced test processes. Taiwan-based semiconductor service provider King Yuan Electronics Corp (Kyec) opened its first overseas semiconductor testing facility in Singapore, which was unveiled on…
Read MoreAMD ramping up Taiwan capacity as global CPU market tightens
CPUs are taking centre stage as companies and businesses gravitate towards agentic AI Published Fri, May 22, 2026 · 02:19 PM [TAIPEI] Advanced Micro Devices (AMD) is working with Taiwan partners to ramp up production capacity as stronger-than-expected demand squeezes the global central processing unit (CPU) market, CEO Lisa Su said on Friday (May 22).…
Read MoreLenovo shares near all-time high after strong AI growth
For the fiscal year ended March, the PC maker reports profit up 38% while it grows revenue by 20% Published Fri, May 22, 2026 · 01:48 PM [HONG KONG] Lenovo Group shares were on track to close at their highest on Friday (May 22) after the company reported strong growth in AI-related earnings that offset…
Read MorePhilippine central bank governor says it is considering off-cycle rate hike
Spiralling fuel costs have raised concerns that pump prices could trigger hikes in other consumer goods Published Fri, May 22, 2026 · 12:44 PM [MANILA] The Philippine central bank could hike interest rates ahead of its scheduled policy meeting on Jun 18, its governor said on Friday (May 22). Bangko Sentral ng Pilipinas governor Eli…
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