Posts by Liam Redmond
Investors wooed with freebies at Japan’s shareholder meetings
[TOKYO] More Japanese companies are giving gifts at annual general meetings (AGMs) in a practice that could increase the ranks of loyal retail investors as pressure from activist investors grows. The pickup in gifts, from collectibles to food, has been steady. A survey by Sumitomo Mitsui Trust Bank showed 11 per cent of firms offered…
Read MoreShorthanded Liberty’s rut continues with sloppy loss to Storm
SEATTLE – As Storm star Nneka Ogwumike’s shot dropped through the rim late in the fourth quarter, Sandy Brondello turned and walked toward the bench. Her look of disappointment said it all. The Liberty let another winnable game slip through their fingertips as they fell 89-79. The Liberty were without three starters, including Sabrina Ionescu…
Read MoreGold rises as investors seek safe havens amid Middle East conflict fears
[BENGALURU] Gold prices inched higher on Monday (Jun 23) as investors turned to safe-haven assets amid growing fears of a broader Middle East conflict, with markets closely watching for Iran’s response to US attacks on its nuclear sites. Spot gold was up 0.1 per cent at US$3,371.30 an ounce, as at 0020 GMT. US gold…
Read MoreStocks to watch: OCBC, Fu Yu, Keppel Infrastructure Trust
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Jun 23): OCBC: The lender has committed more than RM11 billion (S$3.3 billion) in financing to support businesses in the Johor-Singapore Special Economic Zone (JS-SEZ) since 2024, the bank said on Sunday. By end-2025, it expects to provide at…
Read MoreSingapore, Asia-Pacific markets pare losses after US strikes on Iran; oil prices give back some gains
[SINGAPORE] Asia-Pacific markets recovered some losses while oil prices gave back some gains by Monday (Jun 23) afternoon, following declines in the morning after the US launched strikes against three nuclear facilities in Iran over the weekend. Singapore’s Straits Times Index (STI) was down 0.4 per cent. DBS declined 0.3 per cent to S$43.19. OCBC…
Read MoreUS attack on Iran: Market reaction muted, but brace for more volatility ahead, say analysts
[SINGAPORE] Markets reacted in a more muted manner than expected on Monday (Jun 23) after the US launched strikes against three nuclear facilities in Iran over the weekend. But analysts warned that there could be more volatility ahead as the world awaits Iran’s reaction. US President Donald Trump announced strikes against three Iranian nuclear facilities…
Read MoreAsia-Pacific markets fall after US strikes on Iran; oil prices surge, dollar strengthens
Asia-Pacific markets fell sharply in early trade on Monday morning, as oil prices surged and the US dollar reacted, after US strikes against Iran over the weekend. Japan’s Nikkei 225 tumbled 0.69 per cent while South Korea’s Kospi fell over 1 per cent. Australia’s ASX was down around 0.3 per cent. Oil prices surged in…
Read MoreSGX lists 6 new Singapore Depository Receipts: 3 HK mega-caps and 3 Thai names
[SINGAPORE] The Singapore Exchange (SGX) will be listing six new Singapore Depository Receipts (SDRs) on Monday (Jun 23), comprising three Hong Kong mega-caps and three Thai blue-chip companies. The Hong Kong companies are Semiconductor Manufacturing International Corp, e-commerce giant JD.com and PetroChina. The Thai names are private hospital operator Bangkok Dusit Medical Services, food conglomerate…
Read MoreJapan flags big cut to long-end bond issuance before risky sale
[TOKYO] Japan’s larger-than-expected cut to super-long bond issuance has potential to ease some upward pressure on yields just before an auction this week that risks reigniting turmoil in the debt market. The move by the finance ministry may also prove fortuitous in light of the US attack on Iranian nuclear sites over the weekend. The…
Read MoreOil hits five-month high after US hits key Iranian nuclear sites
[TOKYO] Oil prices jumped on Monday to their highest since January as the United States’ weekend move to join Israel in attacking Iran’s nuclear facilities stoked supply worries. Brent crude futures was up US$1.92 or 2.49 per cent at US$78.93 a barrel as of 0117 GMT. US West Texas Intermediate crude advanced US$1.89 or 2.56…
Read MoreHow Trump changed the future, kill the suicide bill and other commentary
From the right: Don Just Changed the Future “In the case of the Middle East what Trump said about himself is true,” marvels Commentary’s John Podhoretz. “He said he doesn’t start wars. Trump said he ends wars” — and Saturday night “was Trump ending this evil war of Iran’s, either right now or after more pain…
Read MoreFedEx founder and executive chairman Frederick Smith has died, CEO tells staff
More than 500,000 employees worldwide handle approximately 17 million shipments each day at the company Published Mon, Jun 23, 2025 · 07:39 AM [NEW YORK] Federal Express’ (FedEx) founder and former CEO Frederick Smith, who started the global delivery conglomerate with more than a dozen planes in the 1970s, has died, the company’s CEO Raj…
Read More