Posts by Liam Redmond
Singapore stocks retreat following AI headwind fears; STI closes lower
[SINGAPORE] Singapore stocks ended lower on Monday (Jun 8) amid fears of Big Tech and the release of US labour data, which also led to a significant pullback in global markets earlier. The Straits Times Index (STI) lost 1.7 per cent or 86.29 points to finish at 4,963.67. It ended in a sea of red…
Read MoreTrump says Israel, Iran must ‘stop shooting’ after airstrikes rock Tehran
President Trump called Monday for Israel and Iran to lay down their weapons in his first public comments since the Middle Eastern enemies traded attacks overnight after both countries traded retaliatory strikes in what marked the biggest escalation since April’s ceasefire. “Israel and Iran must immediately stop ‘shooting,’” Trump wrote in a brief post on…
Read More‘Human judgment’ is vital even with AI’s introduction: HSBC CEO
He insists people are still key, and that it can even mean more hiring in the future Published Mon, Jun 8, 2026 · 05:55 PM [LONDON] HSBC CEO Georges Elhedery said that people will remain central to banks, even as artificial intelligence becomes ubiquitous. His remarks come as many CEO comments in recent weeks have…
Read MoreWild scuffle involving cops, graduates, parents breaks out after California HS graduation ceremony as 4 arrested
Cops, graduates and parents were seen scuffling after a California high school graduation ceremony – and the melee ended up with four arrests. The aftermath of Kerman High School’s ceremony descended into chaos Thursday over an argument that started between one senior and another boy in the parking lot, KFSN reported. The senior, who was…
Read MoreItaly’s top bank Intesa launches unsolicited 30.6 billion euro bid for rival Monte dei Paschi
The merged entity will be eurozone’s second-biggest by market value, with a capitalisation of 126 billion euros Published Mon, Jun 8, 2026 · 04:53 PM [MILAN] Italy’s biggest banking group Intesa Sanpaolo on Monday (Jun 8) announced a 30.6 billion euro (S$45.5 billion) unsolicited cash-and-share bid to buy rival lender Monte dei Paschi di Siena…
Read MoreSpaceX IPO will not break capital markets but add to strains
The stock debut will widen the valuation gap between the constituents of indices and the companies outside them DURING the dotcom bubble, hundreds of companies went public. Yet, only a handful raised more than US$1 billion. Over the next 25 years, initial public offerings (IPOs) grew steadily larger as businesses and the global economy expanded.…
Read MoreUK PM Starmer set to ban ‘harmful’ social media for under-16s
France, Denmark and Poland are also considering tightening rules around social media use for children Published Mon, Jun 8, 2026 · 04:21 PM [LONDON] British Prime Minister Keir Starmer is set to announce a ban on “harmful” online platforms for children under 16 while maintaining access to some safer forms of social media, the Times…
Read MoreCarlsberg nears filing for US$700 million India IPO: sources
It is working with Kotak Mahindra Capital and local units of JPMorgan Chase and Citigroup on the share sale Published Mon, Jun 8, 2026 · 03:47 PM [NEW DELHI] Carlsberg is preparing to file draft papers for an initial public offering (IPO) of its India unit as early as June, sources said. The potential listing…
Read MoreSouth Korea’s Kospi craters over 8% as Fed fears spark tech rout
Published Mon, Jun 8, 2026 · 03:38 PM — Updated Mon, Jun 8, 2026 · 08:40 PM [SEOUL] South Korea’s stock benchmark plunged over 8 per cent on Monday (Jun 8), tripping circuit breakers, after robust US jobs data lifted bets on a Federal Reserve rate hike and unleashed a selloff in the tech-heavy market…
Read MoreDear Abby: My husband doesn’t approve of me taking care of my granddaughter
DEAR ABBY: My husband and I have been married 12 years, and we were together five years before getting married. He’s an alcoholic who has been sober for several years, but he wants to argue about everything. He has anger issues, possibly because he was in the military. His health is bad, too. I have…
Read MoreHormuz strait will be open but with transit fees, Iran envoy to Moscow quoted
Several tankers have managed to leave the Gulf recently, but oil and liquefied natural gas flows are still severely constrained Published Mon, Jun 8, 2026 · 01:28 PM [TOKYO] The Strait of Hormuz will be open but under new conditions to be set by Iran and Oman, including a transit fee, Iran’s ambassador to Moscow…
Read MoreOrioles left incensed after controversial base-running call in loss to Blue Jays: ‘You f–ked up’
A bizarre sequence had the Orioles fuming during their 6-4 loss to the Blue Jays on Sunday after what looked like an inning-ending double play turned into a catalyst for a Toronto rally. The Orioles had a 4-1 lead in the sixth inning at Rogers Centre when Ernie Clement reached base on a fielding error…
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