Posts by Liam Redmond
Samsung likely to post 18-times jump in profit on surging AI demand for memory
Analysts expect the memory market to remain undersupplied at least till next year Published Mon, Jul 6, 2026 · 11:11 AM [SEOUL] Samsung Electronics is likely to estimate that its operating profit jumped about 18-times to another record high from a year earlier in the second quarter, as artificial intelligence growth continues to strain memory…
Read MorePayNow eyes merchant, business payments in next growth phase, puts heat on card networks
The upgrades promise to make PayNow cheaper, faster, more intuitive and efficient for this segment of users: observers [SINGAPORE] PayNow’s next growth phase is expected to come from merchant and business payments, as the latest upgrades to Singapore’s national payment system enable it to compete more directly with card networks in a wide range of…
Read MoreNorway coach blasts FIFA’s ‘really bad’ Folarin Balogun decision and the USMNT cloud it could bring
Belgium isn’t alone. Following FIFA’s stunning decision to allow star striker Folarin Balogun to play in Monday’s Round of 16 match in Seattle after a red card in the previous U.S. match, Norway coach Ståle Solbakken stood by his fellow Europeans and blasted the ruling. Belgium coach Rudi Garcia had dismissed the move as a…
Read MoreAsian shares rise as tech rebound holds, oil slips
MSCI’s Asia Pacific Index climbs 0.3% as South Korean shares lead regional gains Published Mon, Jul 6, 2026 · 10:05 AM ASIAN shares advanced and US equity-index futures held onto gains from Friday (Jul 3) as technology stocks extended their rebound and oil edged lower. MSCI’s Asia Pacific Index climbed 0.3 per cent, with more…
Read MoreAsian shares drop on chips, US dollar edges higher
MSCI’s Asia Pacific equities gauge slips 0.4%, with a regional semiconductor benchmark down 1.6% Published Mon, Jul 6, 2026 · 10:05 AM — Updated Mon, Jul 6, 2026 · 02:14 PM ASIAN equities swung to a loss and US stock futures pared gains as a rebound in regional semiconductor and technology stocks lost momentum and…
Read MoreGold trades near two-week high on cooling US rate-hike bets
Published Mon, Jul 6, 2026 · 09:49 AM [BENGALURU] Gold prices held near a two-week high on Monday (Jul 6) after a cooler-than-expected US jobs report last week slightly tempered expectations of interest rate hikes by the US Federal Reserve. Spot gold was steady at US$4,175.02 per ounce by 8.28 am Singapore time, after posting…
Read MoreCelebrities celebrate Fourth of July: Patrick Schwarzenegger, Nick Jonas, Kourtney Kardashian and more
In honor of Independence Day 2026, celebrities including Patrick Schwarzenegger, Nick Jonas, Chris Pratt, Kourtney Kardashian, and more give fans a peek inside their holiday celebrations. Patrick Schwarzenegger and Abby Champion at the Montecito 4th of July Parade. NORTH-SUNSET / BACKGRID Nick Jonas performs during the Let Freedom Sing! Music City July 4th celebration. Getty…
Read MoreRecord wave of IPO lock-up shares to hit Hong Kong market
The eye-catching returns of new listings could further fuel profit-taking pressure Published Mon, Jul 6, 2026 · 09:15 AM [HONG KONG] Shares in some of Hong Kong’s hottest new listings are set to hit the market this week in an unprecedented wave of lock-up expirations, which brokers say could create an overhang on the city’s…
Read MoreBankers say Asia loan market to stay weak as war saps confidence
Published Mon, Jul 6, 2026 · 09:06 AM [HONG KONG] Asia’s loan market is heading into the second half of the year with little sign of a rebound, according to bankers, as the fallout from the Iran war continues to suppress confidence among lenders and borrowers. Loan issuance in US dollars, euros and yen across…
Read MoreAnalysts up Sats target prices on cargo recovery, strategic growth
Leading the optimism is a faster-than-expected recovery in the global air freight market [SINGAPORE] Analysts from UOB Kay Hian (UOBKH) and Maybank Research have maintained a “buy” on ground handler and caterer Sats , while raising their target prices. This comes on the back of a strong global air cargo rebound and increased confidence in…
Read MoreLefties couldn’t stop hating America even on its 250th anniversary
What sourpusses: Lefties can’t even celebrate the Fourth of July without bashing America and ranking on Donald Trump. Trump “doesn’t care about you,” huffed California Gov. Gavin Newsom (D) on Saturday. The Founders’ “radical idea” that “governments derive their just powers from the consent of the governed” is “under threat” from Trump. Never mind…
Read MoreStocks to watch: SIA Engineering, Boustead
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Jul 6): SIA Engineering : The group on Friday announced that it signed a memorandum of understanding with Air India to explore opportunities to collaborate in maintenance, repair and overhaul (MRO) aspects. It will leverage SIA Engineering’s MRO and…
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