Posts by Liam Redmond
SK Hynix, other chip stocks climb as Asian equities advance
MSCI’s Asia-Pacific equities gauge rises 1.1%, rebounding from the prior session’s sell-off Published Thu, Sep 3, 2026 · 09:11 AM — Updated Thu, Sep 3, 2026 · 02:54 PM ASIAN stocks rose and oil paused a three-day rally after US President Donald Trump played down the prospect of a prolonged conflict with Iran. The yen…
Read MoreUBS opens institutional fund strategies to Asia’s wealthy – with US$5 million buy-in
The lender is wooing family offices and the ultra-rich with exclusive strategies, deeper portfolio analytics [SINGAPORE] UBS is opening a door, once typically reserved for institutional investors, to Asia’s wealthy, with a new funds programme requiring clients to commit at least US$5 million. Its Exclusive Manager Access Fund Program, which the bank says is the…
Read MoreGold holds gain as Trump’s war comments ease inflation jitters
Renewed Iran war fighting has rekindled fears of a war that fuels inflation, a headwind for bullion Published Thu, Sep 3, 2026 · 08:51 AM [SINGAPORE] Gold held a gain as US President Donald Trump appeared to rule out prolonged military action in the Middle East, easing inflationary concerns driven by a renewed spike in…
Read MoreKeppel DC Reit’s Tokyo drift: The easy yen trade is over
There is a risk trailing every data centre valuation today: the threat of quickly becoming outdated [SINGAPORE] Keppel DC Real Estate Investment Trust’s (Reit) S$1.4 billion purchase of two Tokyo data centres hits all the right corporate notes: an 88.6 per cent stake in two freehold assets at a 2.1 per cent discount to valuation,…
Read MoreSingtel leads August buybacks with S$55.6 million purchase of nearly 13 million shares
In first eight months of the year, telco’s S$948 million buybacks account for half the market total [SINGAPORE] Singtel led primary-listed companies on the Singapore Exchange (SGX) in buyback spending in August, forking out S$55.6 million for about 13 million shares. This worked out to an average price of S$4.277 a share, SGX data released…
Read MoreMicrosoft reveals Azure cloud sales in financial reporting shift
Published Thu, Sep 3, 2026 · 06:40 AM [SAN FRANCISCO] Microsoft on Wednesday (Sep 2) reported sales from its Azure cloud computing unit on a quarterly basis for the first time, providing a direct comparison to its top rivals Amazon.com and Alphabet’s Google as the three compete in the computing market amid an AI data centre boom.…
Read MoreBroadcom forecasts quarterly sales below estimates amid rising custom AI chip competition
It estimates fourth-quarter revenue of about US$34.8 billion, compared with analysts’ average estimate of US$35.03 billion Published Thu, Sep 3, 2026 · 06:25 AM BROADCOM forecast quarterly revenue below Wall Street estimates on Wednesday (Sep 2), signalling intense competition could hamper gains from its custom processors. Shares of the Palo Alto, California-based company fell over…
Read MoreOil edges down as investors weigh uncertainty over US-Iran strikes
Published Thu, Sep 3, 2026 · 06:08 AM — Updated Thu, Sep 3, 2026 · 05:02 PM [BEIJING] Oil prices edged lower on Thursday (Sep 3) as investors weighed the uncertainty of renewed military strikes between the US and Iran that risk disrupting supplies from the Middle East. Brent crude futures fell US$0.43 cents, or…
Read MoreEuropean shares hit by rising bond yields, energy-driven inflation concerns
Published Thu, Sep 3, 2026 · 05:55 AM EUROPEAN shares edged lower on Wednesday (Sep 2), pressured by elevated bond yields as escalating tensions in the Middle East stoked worries about energy-induced inflation. The pan-European Stoxx 600 closed down 0.2 per cent at 645.94 points, after hitting one-month lows earlier in the session. Retailers led…
Read MoreApple, Google rename Lake Ontario to Lake America after Trump order
Silicon Valley tech companies Apple and Google changed the name of Lake Ontario to Lake America on their maps after an executive order from President Trump. Last week, Trump signed an executive order to rename the lake amid the escalating U.S.-Canada trade war. Google, followed by Apple, renamed the Great Lake, which borders New York…
Read MoreYen surges with traders on high alert for further intervention
Published Wed, Sep 2, 2026 · 11:07 PM [TOKYO] The Japanese yen strengthened sharply against the US currency, leaving traders hyper-vigilant for evidence that authorities once again intervened in the foreign-exchange market. The Japanese currency rallied as much as 1.2 per cent to 158.22 per dollar, a sharp move that put market participants on guard…
Read MoreAmerican Airlines boosts premium seating on 777 jets as upscale travel grows
The first retrofitted aircraft will begin commercial service on Wednesday (Sep 2) from New York to Buenos Aires Published Wed, Sep 2, 2026 · 10:28 PM [CHICAGO] American Airlines is adding more premium seats to its Boeing 777-300ER planes used on long-haul routes as US carriers increasingly chase higher-spending travellers. The airline is also phasing…
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