Posts by Liam Redmond
SGX mulls new coking coal and steel contracts, executive says
Published Tue, Jun 16, 2026 · 07:29 PM [SINGAPORE] Singapore Exchange plans to launch new coking coal and steel futures contracts, Tan Tee Yong, its head of commodity derivatives, said on Monday (Jun 15), as the exchange looks to broaden its product offerings, reflecting trade flow changes. The steel futures contract will be for the…
Read MoreTrump’s feud with AI company Anthropic keeps heating up
Artificial intelligence company Anthropic and the Trump administration are sparring — yet again. Over the weekend, tensions between the San Francisco company and the Trump administration flared up after the U.S. government ordered Anthropic to cut off foreign access to the company’s most powerful AI systems. The government’s order poses a challenge to Anthropic’s business…
Read MoreIran deal could expand market gains, with consumer shares, small caps seen benefitting
Since the war began, the S&P 500 tech sector is up 28 per cent against a 10 per cent rise for the broader index Published Tue, Jun 16, 2026 · 05:01 PM [NEW YORK] A deal to end the Middle East war could strengthen a broad swath of stocks as lower oil prices stand to bolster consumer spending and…
Read MoreNew Fed chief Warsh faces bumpy road as he leads tough first rate meeting
The US central bank is unlikely to cut rates this week, but all eyes are on the direction the new chair will take at his post-decision press conference [WASHINGTON, DC] New US Federal Reserve chair Kevin Warsh will make his first policy decision as the central bank’s chief on Wednesday (Jun 17), and the markets…
Read MoreSpaceX investors at US retail brokers got at least one IPO share
Published Tue, Jun 16, 2026 · 03:23 PM [NEW YORK] Customers at some of the largest retail brokerage firms in the US each received at least a single share in SpaceX’s US$86.2 billion IPO, underscoring how the offering was designed to give individual investors a sizable role. All eligible customers putting in requests for shares…
Read MoreSouth Korean shares log two-week closing high on US-Iran deal
Published Tue, Jun 16, 2026 · 03:12 PM [SEOUL] South Korean shares rose more than 2 per cent on Tuesday (Jun 16) to notch their highest close in two weeks, tracking an overnight rally on Wall Street on the US-Iran peace deal. The benchmark Kospi closed up 180.62 points, or 2.11 per cent, at 8,726.60,…
Read MoreMore central banks increasing domestic gold storage, diversifying overseas vaulting: survey
The World Gold Council says 93% of respondents reported already holding the metal, up from 81% last year [SINGAPORE] A rising number of central banks are increasing their domestic bullion storage and diversifying their overseas gold vaulting locations, going by the findings of the Central Bank Gold Reserves Survey 2026 undertaken by the World Gold…
Read MoreKPMG scandal deepens Big Four accounting firms’ woes in Australia
Published Tue, Jun 16, 2026 · 02:15 PM [SYDNEY] KPMG’s audit-leak scandal is set to further dampen the prospects in Australia of the Big Four accounting firms, with data showing their new business revenue from the federal government already fell by almost half after a similar leak at PwC three years ago. A Reuters analysis…
Read MoreStrait of Hormuz transit will take ‘weeks’ to resume, Mitsui OSK CEO tells FT
The agreement between US and Iran being finalised had not changed Jotaro Tamura’s view Published Tue, Jun 16, 2026 · 01:37 PM — Updated Tue, Jun 16, 2026 · 07:12 PM [LONDON] Shipowners will not resume transit through the Strait of Hormuz for weeks until they are confident that the US-Iran deal is “material”, the…
Read MoreVietnam stocks see biggest foreign inflows in nearly six years
Despite the latest inflow, foreign investors have sold a net US$2.6 billion worth of Vietnamese equities so far this year Published Tue, Jun 16, 2026 · 01:04 PM [HANOI] Vietnamese shares saw the biggest daily foreign inflows in nearly six years, in a sign of renewed global investor interest in the South-east Asian market as…
Read MoreChina’s property stocks tumble back to pre-2024 stimulus levels
With half-year results approaching, investors are focused on whether developers’ earnings can stabilise Published Tue, Jun 16, 2026 · 12:28 PM CHINESE property stocks have slid back to levels seen before a raft of stimulus measures from the authorities in September 2024 drove a market turnaround, underscoring lingering pessimism over the sector. A Bloomberg Intelligence…
Read MoreZouk expands into Mice and concerts with S$6 million revamp, focuses on differentiated experiences
CEO Andrew Li aims for Mice to account for 15% to 20% of Zouk Singapore’s revenue within the next two years [SINGAPORE] Entertainment and lifestyle group Zouk is diversifying into the meetings, incentives, conferences and exhibitions (Mice) space and concerts, following a S$6 million revamp of its four main Singapore venues that will enable it…
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