Posts by Liam Redmond
Morgan Stanley sees dollar falling 9% on slowing US growth bets
[SINGAPORE] The US dollar will tumble to levels last seen during the Covid-19 pandemic by the middle of next year, hit by interest rate cuts and slowing growth, according to predictions by Morgan Stanley. A popular gauge of the US dollar will fall around 9 per cent from current levels by around this time next…
Read MoreSamsung nears wide-ranging deal with Perplexity for AI features
[LOS ANGELES] Samsung Electronics is nearing a wide-ranging deal to invest in Perplexity AI and put search technology from the artificial intelligence (AI) startup at the forefront of the South Korean company’s devices. The two companies are in talks to preload Perplexity’s app and assistant on upcoming Samsung devices and integrate the startup’s search features…
Read MoreFemale Oregon athletes refuse to share podium with trans competitor, leave high school track and field championship: video
Two Oregon high school athletes refused to share the podium with a transgender competitor at the state’s track and field championships, footage shows. The female students — Tigard High School’s Alexa Anderson and Sherwood High School’s Reese Eckard — stepped down from the high jump podium as the winners of the competition were being announced…
Read MoreBig Tech is back in S&P 500 driver’s seat as profit engines hum
[SAN FRANCISCO] The same technology giants that helped drag the S&P 500 to the brink of a bear market in April are giving the recovery in US equities some legs. Nvidia put a bow on a better-than-expected earnings season for Big Tech last week by delivering a strong outlook for revenue, despite US restrictions on…
Read MoreOil advances as Opec+ supply boost vies with geopolitical risk
Published Mon, Jun 2, 2025 · 08:02 AM [SINGAPORE] Oil gained as a third straight production increase by the Organization of the Petroleum Exporting Countries and its allies (Opec+) vied with heightened geopolitical risk in Ukraine and Iran. Brent crude for August rose as much as 2.1 per cent to US$64.09 a barrel, after losing…
Read MoreScottie Scheffler’s relentless Memorial finish allows him to join Tiger Woods as only repeat winners
DUBLIN, Ohio — Scottie Scheffler never lost the lead and never gave anyone much of a chance down the stretch Sunday in another relentless performance, closing with a 2-under 70 for a four-shot victory to join Tiger Woods as the only repeat winners of the Memorial. Slowed by hand surgery at the start of the…
Read MoreGold seen maintaining upward momentum
GOLD has been one of the standout asset classes this year. As at May 28, gold was up 26 per cent year-to-date, briefly breaking above the US$3,500 per ounce level at the end of April before pulling back. This strong performance can be attributed to several key factors that have converged to create a perfect…
Read MoreAsia’s coal-reliant steel giants stall green transition: panellists
[SINGAPORE] Asia’s steel giants are slowing the global green transition, as top producers China and India drag their feet on decarbonisation amid high costs and weak market demand – stalling progress in one of the world’s top-emitting industries. During a panel discussion at Singapore International Ferrous Week last week, Claire Chong, senior analyst at shipbroker…
Read MoreDubai expects to shine in times of volatility due to stability, talent attraction
[DUBAI] Towering skyscrapers, luxury megamalls, and sprawling beach resorts. Dubai has consistently been one of the top cities for expat migration, and it is showing no signs of slowing down. Even as uncertainty in global trade relations and US tariffs weigh on business sentiments worldwide, Dubai will likely be able to grow due to…
Read MoreHow the US market fell from 4th to 41st for returns – and what it means for stocks in 2025
NEARLY two months after US President Donald Trump roiled markets with his on-again, off-again “reciprocal” tariffs and universal 10 per cent levy, uncertainty remains. My last column showed the illogic underpinning this – and counselled patience. Here is an update – and how to profit. Trump says America “wins” through his tariffs, reclaiming “lost” manufacturing…
Read MoreExclusive | Teen leads push to make subtitles mandatory in NY movie theaters: ‘Accessibility is a right’
As if senior prom, finals and college applications aren’t enough, a Queens teenager is taking on the New York legislature this spring. Sarah Lin, a senior at Bronx Science who has made headlines crusading to make the movies more friendly for the hearing impaired, is continuing her fight in Albany by pushing for a proposed…
Read MoreTrump’s tariffs, ‘big beautiful Bill’ may do more for the Singapore market than the MAS review group
[SINGAPORE] When news broke early last Thursday (May 29) morning that a US federal court had struck down most of President Donald Trump’s sweeping tariffs, I was almost done selling a portfolio of US stocks that I had held since the global financial crisis. With a tinge of seller’s remorse, I watched markets in Asia…
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