Posts by Liam Redmond
Investors should be wary of possible ‘Nanning’-type investment schemes: Sias
[SINGAPORE] The Securities Investors Association (Singapore), or Sias, wishes to caution members of the investing public against participating in investment arrangements commonly referred to as the “Nanning Scheme”, or similar schemes promising exceptionally high returns with low risk through recruitment of new participants. Reports concerning such arrangements described investors being introduced to supposedly exclusive investment…
Read MorePimco fund beating 97% of peers cuts Magnificent Seven to bet on Asia
Wall Street is growing sceptical over whether high valuations, soaring AI spending can justify further gains Published Fri, Sep 4, 2026 · 07:08 PM A TOP-PERFORMING fund manager at Pacific Investment Management is betting that the next winners of the artificial intelligence boom will be found beyond crowded American Big Tech firms, turning instead to…
Read MoreKKR buys stake in Malaysia’s Avisena in healthcare push
The investment will drive the healthcare company’s next phase of growth; financial details have not been given Published Fri, Sep 4, 2026 · 07:06 PM KKR will buy a minority stake in Malaysia’s Avisena Healthcare, deepening the global investment firm’s push into South-east Asia’s healthcare sector amid rising investor interest. The investment will drive Avisena’s…
Read MoreSTI up 0.9% with Yangzijiang Shipbuilding, banks logging gains
Published Fri, Sep 4, 2026 · 06:31 PM [SINGAPORE] Singapore stocks ended higher on Friday (Sep 4). The benchmark Straits Times Index (STI) gained 0.9 per cent or 54.25 points to finish at 5,801.96. Yangzijiang Shipbuilding led the gainers on Singapore’s blue-chip index, rising 4.7 per cent or S$0.22 to S$4.94. The company had reported…
Read MoreThis L.A. shop was cute before cute was cool. It launched on TikTok, and things got ugly
The little L.A. shop was a destination for Hello Kitty fans for decades when it decided to dive into a massive new wave of e-commerce — peddling its products live on TikTok. The first floor of the JapanLA store in Fairfax is full of stuffed toys. It houses shelf after shelf of cute Japanese characters…
Read MoreIndia’s key money market gets unusually quiet at start of trade
Published Fri, Sep 4, 2026 · 05:47 PM [MUMBAI] A record cash surplus in India’s banking system is driving away borrowers. The nation’s unsecured overnight money market, where banks borrow and lend funds for just one day, saw no orders in the first 90 minutes of trading for two consecutive days through Friday (Sep 4).…
Read MoreAir India A320 issued stall warning when seatbelt signs were off, investigators say
A rapid pitch up and then down threw passengers and cabin crew against overhead bins and injured 24 in Aug 4 accident Published Fri, Sep 4, 2026 · 05:01 PM [BENGALURU] An Air India A320 flying from Phuket to New Delhi last month issued a stall warning when seatbelt signs were off, while a rapid…
Read More‘A good hedge and reasonably liquid’: World’s biggest money managers are rebuilding gold positions
But they say a breakout above bullion’s recent ceiling near US$4,600 an ounce will not be smooth [SINGAPORE] Some of the world’s biggest money managers have rebuilt their gold holdings after prices dropped, betting that long-term drivers of the precious metal will endure even as the US Federal Reserve takes a more assertive stance on…
Read MoreEconomists see final ECB hike next week in split with markets
The Strait of Hormuz “has become the swing factor for the ECB’s future decisions” Published Fri, Sep 4, 2026 · 03:22 PM [BRUSSELS] Economists think the European Central Bank will raise interest rates next week but not beyond that, a far more dovish outcome than markets are currently betting on. The overwhelming majority of respondents…
Read MoreBarclays steps up Singapore wealth push with launch of private bank booking centre, its second in Asia-Pacific
The lender previously exited the wealth business in Singapore and Hong Kong in 2016 [SINGAPORE] Barclays has launched its private bank booking centre in Singapore, as part of its international growth strategy that includes growing its wealth management business in Asia. The centre combines local booking capabilities with connectivity to Barclays’ international booking centres, and…
Read MoreVolkswagen plans to slash 50,000 more jobs amid dire need to reduce costs
Published Fri, Sep 4, 2026 · 12:05 PM [LONDON] Volkswagen said on Thursday (Sep 3) that it would go forward with the most sweeping restructuring in its 89-year history, cutting about 50,000 additional jobs in the face of surging Chinese competition, high energy prices and a costly transition to electric vehicles. “This is a strong…
Read MoreVolkswagen plans to slash 50,000 jobs amid dire need to reduce costs
Published Fri, Sep 4, 2026 · 12:05 PM [LONDON] Volkswagen said on Thursday (Sep 3) that it would go forward with the most sweeping restructuring in its 89-year history, cutting about 50,000 additional jobs in the face of surging Chinese competition, high energy prices and a costly transition to electric vehicles. “This is a strong…
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