Posts by Liam Redmond
China’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…
Read MoreOUE Reit selling Crowne Plaza Changi Airport for S$500 million; unitholders to get special payout
Tokyo Century-OUE JV is buyer in deal that will lift pro forma DPU by 5.8%, fund S$20 million in special payouts [SINGAPORE] OUE Hospitality Sub-Trust, a wholly owned subsidiary of OUE Reit , is set to sell the Crowne Plaza Changi Airport hotel for S$500 million to a Tokyo Century-OUE joint venture. The distribution-accretive sale…
Read MoreFrasers Property proposes S$2.1 billion restructuring of hospitality portfolio
Its on-balance sheet hospitality assets are expected reduce to S$2.5 billion following the portfolio optimisation [SINGAPORE] Real estate giant Frasers Property is proposing a S$2.1 billion optimisation of its Frasers Hospitality Trust (FHT) portfolio, marking the next stage of its hospitality strategy following the trust’s privatisation last year. “The proposed transaction is expected to reshape…
Read MoreAnthropic accuses Alibaba of ‘illicitly’ accessing AI models
The AI startup’s calls for additional government support in countering what it sees as unfair practices by Chinese rivals Published Thu, Jun 25, 2026 · 07:43 AM ANTHROPIC accused Chinese technology giant Alibaba of waging a large-scale effort to “illicitly” access its Claude artificial intelligence model using thousands of fraudulent accounts that undermine the US…
Read MoreAsian consumers face higher food prices as war disruptions trigger plastics shortages
Published Thu, Jun 25, 2026 · 07:05 AM [MELBOURNE/SINGAPORE] Asian consumers will be facing higher grocery bills for months thanks to costly packaging stemming from the Iran war, which created severe shortages of plastics needed to get food from farms to market. Disruptions to plastics supply have led to a sharp increase in packaging costs,…
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