Posts by Liam Redmond
Asian markets find footing as US jobs data, PMIs lift stocks
MSCI’s broadest index of Asia-Pacific shares outside Japan rises 2.2% after two consecutive days of declines Published Fri, Jul 3, 2026 · 09:33 AM — Updated Fri, Jul 3, 2026 · 03:38 PM [SINGAPORE] Stocks rose during the Asian trading session on Friday (Jul 3) after a lukewarm US jobs report poured cold water on…
Read MoreTokenisation could ease liquidity bottlenecks in next phase of cross-border payments, say panellists
Banks say digital assets will complement, not replace, existing cross-border payment systems [SINGAPORE] Liquidity has emerged as one of the biggest remaining hurdles in cross-border payments, with tokenisation offering banks a more efficient way to fund transactions. This comes as the industry moves towards round-the-clock settlement, executives from the Society for Worldwide Interbank Financial Telecommunication…
Read MoreChina quant funds draw billions as AI trounces human traders
The funds are churning out new products that are being snapped up by investors who are abandoning stock pickers Published Fri, Jul 3, 2026 · 08:53 AM [BEIJING] Quant funds in China have become so popular that they are being deluged with investors’ money. Ubiquant, one of the top players, raised 2.6 billion yuan (US$384…
Read MoreGold jumps 2.8% after soft US job numbers ease Fed rate hike fears
Traders now see a nearly 51% chance of a rate hike by September, down from 66% previously, says CME FedWatch tool Published Fri, Jul 3, 2026 · 08:50 AM [LONDON/ BENGALURU] Gold climbed after weak US job numbers eased fears that the Federal Reserve may raise interest rates this year to tackle inflation. Bullion…
Read MoreKeith Mitchell, All-American and Pro Bowler linebacker, dead at 51
Former Texas A&M All-American and Saints Pro Bowl linebacker Keith Mitchell, who was part of the school’s “Wrecking Crew” defense in the 1990s, has died, his college and family confirmed to KBTX on Thursday. He was 51. Details surrounding the cause of his death haven’t been provided yet, but his family told KBTX that it…
Read MoreStocks to watch: Frasers Property, Elite UK Reit
Soon Su Lin will step down as the CEO of Frasers Property Singapore on Oct 1, transitioning to a group advisory role [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jul 3): Frasers Property : Soon Su Lin will step down as the CEO of Frasers Property…
Read MoreSoon Su Lin to step down as Frasers Property CEO; Tan Wee Hsien named successor
Following the planned succession, she will serve as an adviser to support the group CEO [SINGAPORE] Soon Su Lin will step down as the CEO of Frasers Property Singapore on Oct 1, 2026, transitioning to a group advisory role, the property group announced in a bourse filing on Friday (Jul 3). She will be succeeded…
Read MoreSecond heartless crook wanted for robbing Boston children’s lemonade stand pictured by cops
Boston cops have released photos of a second suspect wanted in the armed robbery of a kid’s lemonade stand that rattled the community last month. The still-at-large suspect can be seen walking around shirtless, wearing black pants and carrying a black backpack after the June 10 stickup. The second suspect in the alleged armed robbery…
Read MoreInterest in SGX-listed small and mid-cap stocks returning, but analysts flag overvalued tech counters
June’s wave of buybacks by SMIDs reflects boards’ thinking that valuations have overcorrected: UOBKH [SINGAPORE] Interest in Singapore’s small and mid-cap (SMID) stocks is showing signs of revival. But as the market returns to this space ahead of the earnings season, some analysts are suggesting that investors look beyond the heavily chased technology sector. Turnover…
Read MoreMost ‘iconic’ sandwich in California? LA shop takes top spot in state
A beloved LA institution that has been slinging sandwiches for over a century has been crowned California’s most iconic sandwich shop, beating out the Golden State’s countless trendy delis and viral lunch spots. In a new nationwide roundup of the most famous sandwich destinations in every state, Business Insider tapped Philippe the Original as the…
Read MoreTesla quarterly deliveries set record, but firm’s shares down 7.5% despite positive result
It delivered 480,126 vehicles worldwide in the second quarter, a 25% jump from the year-earlier period Published Fri, Jul 3, 2026 · 06:33 AM [AUSTIN, Texas] Tesla’s vehicles sales beat Wall Street’s modest expectations by a wide margin, gaining in a slower-growing global market for plug-in cars. The Elon Musk-led company delivered 480,126 vehicles worldwide…
Read MoreOil edges higher ahead of long US weekend as Washington-Teheran peace efforts hold
Saudi Aramco has switched to spot pricing to speed up sales in Asia, according to trade sources and shipping data Published Fri, Jul 3, 2026 · 06:17 AM — Updated Fri, Jul 3, 2026 · 02:08 PM [PERTH] Oil prices edged up on Friday (Jul 3) before a long holiday weekend in the US, as…
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