Posts by Liam Redmond
Nikkei ends 4% lower as SoftBank tanks on OpenAI IPO delay report
Published Fri, Jun 26, 2026 · 04:26 PM [TOKYO] Japan’s Nikkei share average closed 4 per cent lower on Friday, erasing most of the gains from the previous session, as tech investor SoftBank Group tumbled more than 12 per cent after a report of a delay in OpenAI’s initial public offering. The Nikkei fell 4.15…
Read MoreThailand central bank chief says no need to raise rates now
Inflation should stay within the target range of 1% to 3% this year and next year Published Fri, Jun 26, 2026 · 03:53 PM [BANGKOK] Thailand’s central bank chief said on Friday (Jun 26) it will not raise interest rates if it is not necessary to do so. There is no need to raise rates…
Read MoreJets super fan who attempted 100K field goal returning to MetLife with World Cup tickets
Ashley Castanio-Gervasi got a real kick out of this. The Long Beach girls head soccer coach, who made international headlines at Christmas over her on-and-off-and-on-again attempt at a $100K field goal at a Jets game, is returning to MetLife Stadium — this time for all the right reasons. The former Stony Brook goalkeeper received the…
Read MoreMorgan Stanley sees US$5.5 trillion Asia energy investment boom driven by AI, energy security
Projected opportunities could include power generation and fuel refining; coal and natural gas could make a comeback [SINGAPORE] Asia is on the cusp of a US$5.5 trillion energy investment supercycle over the next five years, as companies and governments ramp up spending to bolster energy security and meet artificial intelligence-driven energy needs, according to Morgan…
Read MoreGCash owner seeks up to 92.3 billion pesos in record Philippine IPO
Published Fri, Jun 26, 2026 · 01:20 PM [MANILA] The company behind the Philippines’ biggest mobile wallet GCash is preparing what may become the country’s biggest initial public offering ever, seeking to raise as much as 92.3 billion pesos (S$2 billion). Mynt expects to sell up to 9.23 billion shares, including through an over-allotment option,…
Read MoreAI reshaping and creating Singapore jobs, but lack of experience a hurdle for fresh grads
Recruiters say employers are prioritising candidates who can deploy artificial intelligence in real business settings [SINGAPORE] OpenAI is hiring more than 200 people in Singapore. But nearly all the roles require at least five years of experience. The tech giant’s desire to hire experienced talent is “not an outlier”, with such hiring patterns observed across…
Read MoreOhmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
It will now focus entirely on digital marketing; the subsidiary’s sale is to a corporate vehicle called Sterling Oat [SINGAPORE] Singapore-founded Ohmyhome Ltd has sold its main real estate brokerage business and will now focus entirely on digital marketing. The property businesses will continue to run privately and its leadership under sisters Race and Rhonda Wong will…
Read MoreSamsung Group to unveil 1,000 trillion won South Korea investments, including for chip plants: report
The chipmakers have faced political pressure to invest more in other areas of the country Published Fri, Jun 26, 2026 · 10:49 AM [SEOUL] Samsung Group will announce on Monday (Jun 29) plans to invest 1,000 trillion won (S$837 billion) in South Korea over 10 years, including a potential 300 trillion won to build chip…
Read MoreSpaceX, Unitree, Anthropic, OpenAI: Is the ultra-hyped tech-listing wave backed by sound fundamentals?
BT looks at what analysts are saying about the current and upcoming tech IPO headliners [SINGAPORE] A growing wave of ultra-hyped tech listings is driving investors to assess whether current valuations are supported by economic fundamentals or just driven by speculative hype. Recent high-profile debuts such as US titan SpaceX, as well as expected filings…
Read MoreGold steadies near US$4,000 as inflation data eases rate-hike bets
A stronger US dollar makes commodities priced in the US currency more expensive for most buyers Published Fri, Jun 26, 2026 · 08:23 AM — Updated Fri, Jun 26, 2026 · 08:35 AM [SINGAPORE] Gold steadied near US$4,000 an ounce as the latest US inflation gauge tempered expectations for an interest-rate hike, capping a tumultuous…
Read MoreChina’s capital crackdown: Why Hong Kong will keep its edge among Asian markets
Analysts say move will strengthen, rather than diminish, the financial hub’s role [SINGAPORE] Despite China’s recent move to target illegal overseas trading, Hong Kong will still be viewed as an attractive listing venue in Asia, according to analysts. Morningstar’s head of equity research, Lorraine Tan, noted that capital continues to flow fluidly via official channels,…
Read MoreSenate Democrat suggests it may be time to replace Schumer and Jeffries: ‘Let others lead’
Michigan Sen. Elissa Slotkin suggested Thursday that it may be time for House Minority Leader Hakeem Jeffries and Senate Minority Leader Chuck Schumer to step aside for new Democratic leadership. The Democratic Party hasn’t “fully recovered” since being “soundly defeated in 2024,” Slotkin, a Democrat , argued during an appearance on SiriusXM’s “Straight Shooter with…
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