Posts by Liam Redmond
US regulator probes US$100 million insider trading linked to Chinese brokerages Futu, Tiger Brokers: sources
Published Thu, Jul 2, 2026 · 12:12 PM [WASHINGTON] The US Securities and Exchange Commission (SEC) is looking into allegations that unknown insider traders made US$100 million on options bets ahead of a recent Chinese regulatory crackdown on cross-border brokerages, said a person familiar with the matter. Susquehanna International Group went public with its claims…
Read MoreMamdani roasted for telling New Yorkers to set their ACs to 78 degrees as blistering heat wave bakes Big Apple
Mayor Zohran Mamdani was roasted online for urging New Yorkers to set their air conditioners to a balmy 78 degrees as a punishing heat wave wallops the Big Apple — threatening to send temps soaring to 100 degrees for the first time since 2012. “New York: it’s hot out there, and the power grid is…
Read MoreMaybank trims 2026 STI target to 5,500, says weak IPO debuts could dampen market
Still, its head of research asserts that the core re-rating thesis for Singapore stocks is intact [SINGAPORE] Maybank has marginally lowered its 2026 year-end target for the Straits Times Index (STI) to 5,500 points, down from about 5,600 previously. This adjustment is a direct response to consensus downgrades in earnings per share (EPS) estimates –…
Read MoreGrab completes US$425 million acquisition of US-based Stash Financial
It plans to eventually introduce Stash’s investing solutions, including an AI Money Coach, in South-east Asia [SINGAPORE] Technology company Grab on Thursday (Jul 2) announced that it completed its acquisition of Stash Financial, a US digital financial services company. The payment for a 50.1 per cent stake was made on Wednesday, with the payments for…
Read MoreDBS seen to benefit from China’s tighter grip on wealth flows: report
Singapore’s more diversified, offshore and policy supported model looks cleaner, leaving its banks, especially DBS, best-positioned to benefit Published Thu, Jul 2, 2026 · 11:02 AM [SINGAPORE] DBS is “best positioned” among lenders in Singapore to benefit from China’s sweeping measures to stem capital flight as it leans into banking a broader spectrum of rich…
Read MoreEl Nino may pile pressure on Asean food prices as dry weather meets fuel and fertiliser shock
Rice and palm oil prices could spike in a ‘Godzilla’ El Nino, with poultry and livestock prices also at risk [SINGAPORE] South-east Asian governments, food producers and farmers are bracing themselves for cost squeezes as a strengthening El Nino threatens to further roil crop yields – and they are already dealing with an ongoing energy…
Read MoreZach Werenski-Blue Jackets trade saga takes surprising twist
The Zach Werenski-Blue Jackets saga has taken another twist. The defenseman and Columbus general manager Don Waddell released their own statements on Wednesday to clear things up, which reiterated that Werenski will remain in Columbus after reports surfaced that he vetoed a trade on Tuesday. Trade rumors surrounding Werenski have been gaining traction in the…
Read MoreMoment thief steals $25K in $1 bills from California strip club
Wild video is revealing the moment someone made off with more than $25,000 in one dollar bills after breaking into a strip club in San Diego, something the owner is now calling an inside job. Dino Palmiotto, the owner of the gentlemen’s club Expose in Kearny Mesa, shared surveillance footage that caught the thief —…
Read MoreAsian shares fall on chip sell-off as Kospi sinks 4.8%; SK Hynix, Samsung shares tumble
Published Thu, Jul 2, 2026 · 09:31 AM [SYDNEY] Asian shares extended declines on Thursday (Jul 2) as investors rotated out of chipmakers after a stellar quarter, while currency and bond markets braced for US jobs data that could give pointers to the risk of interest rate hikes. Oil prices hit new four-month lows, with Brent…
Read MoreAsian stocks drop after US chip sell-off, oil falls
Published Thu, Jul 2, 2026 · 09:31 AM ASIAN stocks fell on Thursday (Jul 2) after a sell-off in US chipmakers reignited concerns that the artificial intelligence-driven rally has outpaced fundamentals. South Korean stocks fell over 5 per cent, pulling the broader MSCI Asia Pacific Index down 0.9 per cent. US equity-index futures retreated 0.3…
Read MoreSP Group completes acquisition of EV charge point operator ChargEco
The national power company now has Singapore’s biggest electric vehicle charging network [SINGAPORE] SP Group has completed its acquisition of charge point operator (CPO) Strides YTL, which operates under the name ChargEco. The move, announced on Thursday (Jul 2), means the national power company now owns and operates the Republic’s largest electric vehicle charging network.…
Read MoreTaiwan detains Super Micro workers in China smuggling probe
Four of the firms’ staff are being investigated for falsifying documents and breach of trust Published Thu, Jul 2, 2026 · 08:59 AM [TAIPEI] Taiwanese prosecutors detained two Super Micro Computer employees following a raid of the US company’s local offices earlier this week over alleged shipments of Nvidia chips to China. Prosecutors are investigating…
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