Posts by Liam Redmond
China car sales downturn extends into May as Volkswagen tests EV revamp
Published Mon, Jun 8, 2026 · 05:57 PM [BEIJING] China’s car sales fell 22.1 per cent in May, underscoring the persistent weakness in the market that prompted the China Passenger Car Association (PCA) to sharply downgrade its annual sales outlook. The PCA now expects full-year passenger-vehicle sales to drop 11 per cent, compared with its…
Read MoreHow a few AI chip giants warped Asia’s stock picking game
TSMC, Samsung and SK Hynix make up a third of MSCI Asia-ex-Japan, raising concentration risks Published Mon, Jun 8, 2026 · 01:00 PM [SINGAPORE] Sam Konrad’s stocks are having a fantastic year, thanks to AI-fuelled rallies in Taiwan and South Korea, but his fund is so top heavy with winners, he now needs to ditch…
Read MoreAI-linked layoffs in US spark new wave of one-person start-ups
[PHILADELPHIA] On the day Meta began implementing its plan to lay off a tenth of its workforce, a one-time employee, Qu Xiaoyin, saw her chance. “We rented an LED truck and drove inside Meta’s headquarters,” she said. The truck’s screens flashed a blunt message at departing employees of the social media giant. “Fired? Start a…
Read MoreTrump says Fed rate increase would be wrong, again calls for cut
Published Sun, Jun 7, 2026 · 11:34 PM [WASHINGTON] President Donald Trump said Federal Reserve policymakers would be wrong to raise interest rates after a blowout US jobs report, while insisting he does not want to influence Kevin Warsh before he chairs his first Fed meeting. “Nowadays when you have good reports, the market goes…
Read MoreSouth Korea unveils measures to stem won slide, curb speculation
These include tighter scrutiny of offshore currency derivatives and probes into potentially illegal FX transactions Published Sun, Jun 7, 2026 · 06:35 PM [SEOUL] South Korea laid out a series of targeted measures to curb pressure on the won after the currency slid to its weakest level since 2009, pledging firm action against speculative trading…
Read MoreWith new S$10 million HQ, Jumbo Group looks to Shanghai-focused China strategy, premium dining for growth
Group CEO Ang Kiam Meng is confident that the group’s bottom line will improve in FY2027 as its investments begin to bear fruit [SINGAPORE] Catalist-listed seafood restaurant group Jumbo is set to expand its footprint in China and South-east Asia, even as it focuses on diversifying its business at home through premium dining concepts and…
Read MoreBig questions loom as China’s memory chipmakers prepare blockbuster IPOs
Many investors see CXMT and YMTC as central to driving the current bull run in domestic technology stocks FOR YEARS, CXMT was losing money. In 2026, it is preparing for an IPO that some say could make it China’s most valuable listed company. CXMT, a leading producer of dynamic random-access memory (DRAM), the chips that…
Read MoreActor James Handy’s last movie project scrapped in wake of tragic killing
James Handy’s last movie project has been axed after his tragic death on Wednesday. Writer Heidi Anderson-Swan told TMZ on Saturday that her final film with Handy, “Kickback, V,” was halted in pre-production due to several issues, including funding. The comedy was set to follow a group of nerds learning martial arts and the relationship…
Read MoreStartups Must Stop Skimping on Branding
Founders tell me they can’t afford branding. I say they can’t afford weak branding. If you’re building something that could be your life’s work, treat it that way from day one. My stance is simple: early branding isn’t a luxury—it’s a growth multiplier. It sets the tone for sales, trust, hiring, partnerships, and pricing. Skip…
Read MoreCalifornia falls behind Texas in Fortune 500 ranking
Texas has dethroned California as the state with the most Fortune 500 companies. The Fortune 500 list ranks the largest U.S. companies by revenue. This year, 57 of the top companies are headquartered in Texas, compared with California’s 56. It’s a reversal from two years ago when the Golden State had the pole position. The…
Read MoreIndonesian officials vow again to steady rupiah, draw funds
Global investors are rapidly losing confidence in Indonesia, unnerved by the more interventionist agenda Published Sat, Jun 6, 2026 · 03:51 PM [JAKARTA] Indonesia’s finance and central bank officials said they will step up efforts to stabilise the currency and attract inflows after a week where the nation’s stocks tumbled at the fastest pace worldwide…
Read MoreBoeing studying boost of 737 Max plane production to highest-ever rate
Turning out more jets is critical to its financial recovery after losing more than US$30 billion recently Published Sat, Jun 6, 2026 · 02:42 PM [SEATTLE] As Boeing increases production of its best-selling 737 Max from 42 to 47 jets a month, the US planemaker is looking at how it can climb to 70 a…
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