Posts by Liam Redmond
Large US banks can weather hypothetical downturn, several raise dividends: Fed
The Fed’s ‘stress test’ shows banks stay above minimum requirements despite a 1.6-percentage-point capital drop Published Thu, Jun 25, 2026 · 03:31 PM [WASHINGTON] The US Federal Reserve said on Wednesday (Jun 24) that 32 of the nation’s largest banks are well-positioned to weather a severe economic downturn and continue lending. This comes as firms…
Read MoreH&M reports Q2 profit miss as tighter inventory hit sales
Operating profit was flat year on year at 5.91 billion Swedish crowns (S$786.7 million) Published Thu, Jun 25, 2026 · 03:18 PM [STOCKHOLM] Swedish fashion retailer H&M reported on Thursday (Jun 25) a smaller-than-expected March to May profit as it was unable to fully meet demand after reducing the amount of clothing it keeps in…
Read MoreChina to raise refined fuel export allowance in July, sources say
This may ease tight supplies after regional refiners cut output due to crude shortages from the Iran war Published Thu, Jun 25, 2026 · 02:44 PM CHINA will raise the amount of refined fuel its state-owned refiners are allowed to export in July from June, three industry sources briefed on the plan said. China is…
Read MoreBreaking down winners and losers of first round of 2026 NBA Draft
A look at the winners and losers of the first round of the NBA draft: Winners 76ers A home run of a pick, landing Alabama guard Labaron Philon Jr. at No. 22. He should’ve gone in the late teens at worst. The 76ers found a gem in Labaron Philon Jr. late in the first round…
Read MoreChina’s central bank to add tool to better manage short-term liquidity
The People’s Bank of China plans to inject cash into the banking system on Jun 29 and Jun 30 Published Thu, Jun 25, 2026 · 12:55 PM [SHANGHAI/BEIJING] China’s central bank on Thursday (Jun 25) said it will debut overnight lending next week, offering reverse-repos to banks and brokers as it deepens control over what…
Read MoreSouth Korea’s surging equity volatility draws meme-stock comparisons
The growing dominance of Samsung Electronics and SK Hynix, the market’s two largest stocks, is driving this Published Thu, Jun 25, 2026 · 11:44 AM [SEOUL] The volatility in South Korea’s benchmark equity index has become so extreme that investors and analysts are likening the market’s surging intra-day swings to the meme-stock frenzy. While the…
Read MoreChina’s ‘future industries’ push triggers flood of venture capital, bubble concerns
[SHANGHAI/HONG KONG] Just two days after SpaceX made its historic market debut, a Chinese space startup held an investor roadshow for its maiden fundraising round by touting a mission to help China catch up with the US in the race to the heavens. The mission for Tectronic Maritime Space Systems, a Shanghai-based company that focuses…
Read MoreChina flags top state financial firms for tax evasion, improper loans
The move marks the first time a major state-owned lender has been explicitly called out for tax evasion in recent years Published Thu, Jun 25, 2026 · 10:43 AM [BEIJING] China’s top auditor flagged several of the nation’s largest state-backed financial institutions for tax evasion and improper lending as Beijing seeks to rein in financial…
Read MoreSK Hynix, Micron solidify memory chips as runaway stars of AI
Producing memory chips is a capital-intensive business famous for its boom-and-bust cycles Published Thu, Jun 25, 2026 · 10:42 AM [NEW YORK] With back-to-back announcements this week, SK Hynix and Micron Technology have solidified the memory chip market as the hottest part of the AI industry. SK Hynix kicked things off on Wednesday (Jun 24)…
Read MoreGold steadies near US$4,000 as stronger dollar, rate outlook weigh
Published Thu, Jun 25, 2026 · 09:41 AM [SINGAPORE] Gold steadied near US$4,000 an ounce on Thursday (Jun 25) after falling through the threshold for the first time since November, weighed down by a resurgent US dollar and the prospect of higher interest rates. Bullion was little changed, having dropped nearly 3 per cent in…
Read MoreAsia stocks jump with US futures on Micron outlook
Demand for conventional memory chips and high-bandwidth memory continues to outstrip supply Published Thu, Jun 25, 2026 · 09:36 AM [SINGAPORE] Asian stocks rallied with US equity futures after Micron Technology’s blowout sales outlook reignited confidence in the artificial-intelligence trade. Contracts for the Nasdaq 100 were up almost 2 per cent while those for the…
Read MoreMicron soars after AI-fuelled sales forecast shatters estimates
Published Thu, Jun 25, 2026 · 08:59 AM [SEATTLE] Micron Technology, the largest US maker of computer memory chips, surged in late trading after its quarterly sales forecast crushed Wall Street estimates, signalling that an artificial intelligence-fuelled growth run remains strong. Revenue will be approximately US$50 billion in the fiscal fourth quarter, which runs through…
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