Posts by Liam Redmond
European shares rise as oil prices slip on fragile US-Iran ceasefire
Published Wed, May 13, 2026 · 03:33 PM EUROPEAN shares rose on Wednesday, recovering from a sharp drop in the previous session, as oil prices retreated after peace negotiations between Washington and Teheran remained deadlocked. The pan-European Stoxx 600 was up 0.7 per cent at 611.06 points, as of 0703 GMT. The index closed more…
Read MoreChina’s AI suppliers can’t keep up as component shortages bite
Capacity constraints and a tightening supply of critical components threaten to throttle the brisk growth seen early this year Published Wed, May 13, 2026 · 02:03 PM [BEIJING] China’s artificial intelligence hardware suppliers have a problem: keeping up with insatiable demand for their products. Capacity constraints and a tightening supply of critical components threaten to…
Read MoreIndia hikes gold and silver tariffs to 15% as it defends rupee against Iran war fallout
Published Wed, May 13, 2026 · 11:44 AM [NEW DELHI] India has raised import tariffs on gold and silver in an attempt to defend its currency, a surprise move as the country races to limit the damage from the Middle East war and to shore up foreign-exchange reserves. The government has more than doubled import…
Read MoreGold steady with US-China summit, Middle East developments in focus
Published Wed, May 13, 2026 · 10:33 AM [BENGALURU] Gold prices held steady in early Asian trade on Wednesday (May 13) as investors stayed on the sidelines ahead of a key US-China summit in Beijing while keeping an eye on developments surrounding the Middle East conflict. Spot gold was steady at US$4,713.39 per ounce, as…
Read MoreNvidia CEO Jenson Huang joins Trump’s China trip
Huang’s late addition to the trip suggests that H200s could be on the summit agenda Published Wed, May 13, 2026 · 10:12 AM — Updated Wed, May 13, 2026 · 10:30 AM [BEIJING/NEW YORK] Nvidia CEO Jensen Huang has joined over a dozen US CEOs on President Donald Trump’s visit to China this week. Trump…
Read MoreGenting Singapore shares drop 8.7% after Q1 earnings fall
[SINGAPORE] Shares of Genting Singapore fell 8.7 per cent on Wednesday (May 13), after it reported weak first-quarter net profit on Tuesday evening. The counter fell as low as S$0.63 in the first few minutes of trading on Wednesday, erasing as much as S$725 million in market capitalisation with the S$0.06 decline per share. As…
Read MoreChina’s US$3 trillion of hidden bad debt prolongs economic pain
[BEIJING] By any measure, Tom Hu should be in default on a US$730,000 bank loan for his plastics business in China. He barely brings in enough revenue to pay expenses and cannot cover the debt costs. Yet rather than calling in the loan, his bank lets him defer payments – keeping him afloat, while avoiding…
Read MoreHard assets, high stakes: Next-generation successors are betting on gold, watches and art as alternative investments
[SINGAPORE] Ultra-rich Asians who inherit traditional assets are not just passive recipients of wealth transfer these days. More and more, they are looking to switch some of their wealth to alternative assets such as physical gold and luxury watches, market watchers said. A beneficiary of that trend is Malca-Amit Singapore, a logistics and storage provider.…
Read MoreTrump-Xi summit in Beijing: What’s at stake
BEIJING — President Trump’s first visit to China in nine years is a high-stakes trip reflecting the rivalry and mutual dependence of two superpowers hoping to avoid a collision course — even if Trump cast it more as a meeting between close friends and business partners. Speaking to reporters before departing Washington on Tuesday, Trump downplayed tensions…
Read MoreEBay rejects GameStop’s $56-billion takeover offer
California online marketplace EBay said Tuesday its board rejected GameStop’s unsolicited $56-billion takeover offer. The proposal was “neither credible nor attractive,” EBay’s board said in a statement. The San José company said it rejected the bid after considering various factors, including how it could impact growth and profitability. “With its differentiated global marketplace and a…
Read MoreMAS reappoints DPM Gan as chairman; adds SBF’s Ong Pang Thye to board
Managing director Chia Der Jiun has also been re-appointed for another two-year term [SINGAPORE] Singapore’s central bank will reappoint four directors for fresh terms from Jun 1 – including its chairman, Singapore’s deputy prime minister Gan Kim Yong, and its managing director Chia Der Jiun. The Monetary Authority of Singapore (MAS) on Tuesday (May 12)…
Read MoreUS stocks: S&P 500, Nasdaq open lower after April inflation data; Middle East in focus
Published Tue, May 12, 2026 · 09:54 PM — Updated Tue, May 12, 2026 · 10:08 PM THE S&P 500 and the Nasdaq opened lower on Tuesday, as investors weighed a hotter-than-expected inflation report and fading hopes for a swift resolution to the Middle East conflict. US consumer prices rose at a brisk pace for…
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