Posts by Liam Redmond
Asia: Market trade lower; oil prices spike after US strikes on Iran
[TOKYO] Oil prices surged and Asian markets traded lower on Monday on concerns of disruption to energy markets after US air strikes on Iran’s nuclear facilities. The dollar strengthened as traders assessed the weekend’s events, with Iran threatening US bases in the Middle East as fears grow of an escalating conflict in the volatile region.…
Read MoreTrueMoney stands out in Thailand’s virtual banking shake-up after licence win
[BANGKOK] Thailand is shaking up its sleepy banking sector. The Thai Finance Ministry’s decision to grant virtual bank licences to three consortiums on Jun 19 is set to inject fresh competition to Thailand’s staid financial sector – but for these newcomers, turning a profit may prove elusive. Five consortiums threw their hats into the ring…
Read MoreMontage is said to hire banks for US$1 billion Hong Kong listing
The US has been trying to curb Beijing’s ambitions to build a domestic semiconductor industry, Published Mon, Jun 23, 2025 · 11:27 AM [HONG KONG] Chinese chip designer Montage Technology has hired banks for its planned Hong Kong listing that could raise about US$1 billion, according to sources familiar with the matter. The Shanghai-listed company…
Read MoreThunder pull away from Pacers to win NBA championship after Tyrese Haliburton’s Game 7 injury
The Thunder’s dominant season is now complete with a championship. They pulled away in the fourth quarter to beat the Pacers, 103-91, in Game 7 of the NBA Finals Sunday night in Oklahoma City. Shai Gilgeous-Alexander dribbles during Game 7 of the NBa Finals on June 22, 2025. NBAE via Getty Images Jalen Williams celebrates…
Read MoreChangi Airport Group exploring possible new flights to Semarang, Palembang, Belitung in Indonesia
[SINGAPORE] There could potentially be new flight connections between Singapore and three Indonesian destinations – Semarang in Central Java, Palembang in South Sumatra and Belitung Island off the east coast of Sumatra. On Jun 20, airport operator Changi Airport Group (CAG) told The Straits Times that it is in talks with carriers about potential services…
Read MoreAustralian, New Zealand dollars fall with global stocks after US strikes Iran
[SYDNEY] The Australian and New Zealand dollars fell with global stocks on Monday after the US bombed nuclear facilities in Iran, although they found some chart support to lean on and bounced off earlier lows. Investors were anxiously waiting to see if Iran would retaliate with the closure of the Strait of Hormuz through which…
Read MoreInvestors 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…
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