Posts by Liam Redmond
Dow jumps to record closing high after soft US jobs data; Nasdaq down with chip shares
Expectations for a rate hike from the Fed decreased after the release of the US jobs report Published Fri, Jul 3, 2026 · 05:58 AM THE Dow rose more than 1 per cent to a record closing high on Thursday (Jul 2) ahead of the long holiday weekend as a softer-than-expected US jobs report eased…
Read MoreEuropean shares close at record high after softer US jobs data calms rate hike fears
Short-term interest-rate futures reflected about a 60% chance of an interest rate hike from the Fed Published Fri, Jul 3, 2026 · 05:40 AM EUROPEAN shares edged higher on Thursday (Jul 2) as gains across sectors countered a slide in AI-related stocks, while investors parsed through softer-than-expected US jobs data. The pan-European Stoxx 600 index…
Read MoreBank of England’s Mann says she is ready to hike if price pressures persist
Mann has long advocated being “activist” by responding quickly and aggressively if circumstances change Published Fri, Jul 3, 2026 · 12:23 AM BANK of England rate-setter Catherine Mann says she is prepared to make an “activist” hike if inflation expectations and other price warnings do not improve later this year. She says she supports holding…
Read MoreWhite House’s Hassett criticises Powell for staying on at Fed
Published Thu, Jul 2, 2026 · 11:55 PM WHITE House National Economic Council Director Kevin Hassett criticised former Federal Reserve Chair Jerome Powell for staying on at the US central bank, a move that’s preventing the administration from putting another pick on the board. “It’s extremely unorthodox that Jay Powell hasn’t dropped out,” Hassett said on…
Read MoreWall St opens higher after June jobs report eases rate-hike bets
Published Thu, Jul 2, 2026 · 09:42 PM [NEW YORK] Wall Street’s main indexes opened higher on Thursday (Jul 2) after a softer-than-expected employment report for June tempered expectations for interest-rate hikes by the Federal Reserve. The Dow Jones Industrial Average rose 90.0 points, or 0.17 per cent, at the open to 52,395.22. The S&P…
Read MoreIntegrated Shield insurers post stronger results in 2025, but recovery may be fragile
Industry margins are thin, and part of 2025’s performance likely came from the premium increases in September 2024 POLICYHOLDERS of Integrated Shield Plans (IPs) can generally heave a sigh of relief. Most insurers appear to have staged a turnaround in their underwriting results, but it remains to be seen whether this marks the start of…
Read MoreAirlines resume some Middle East flights but disruption continues
Published Thu, Jul 2, 2026 · 07:17 PM SOME airlines are restoring flights to parts of the Middle East as diplomatic efforts to end the conflict that followed US and Israeli strikes on Iran gather pace, but many carriers have kept suspensions in place that continue to disrupt global travel. Below is an update on the status…
Read MoreIHH Healthcare partners some Integrated Shield insurers to rein in private hospital bills
The services of iExchange as a third-party administrator have dampened bill size growth to the low single digits A PARTNERSHIP between IHH Healthcare and some Integrated Shield Plan (IP) insurers could well be a way to rein in escalating costs and claims from private hospital IPs. The partnership taps the services of iExchange, the third-party…
Read MoreHong Kong Monetary Authority urges banks to drive global yuan adoption
Published Thu, Jul 2, 2026 · 06:27 PM [HONG KONG] Hong Kong Monetary Authority (HKMA) on Thursday (Jul 2) called on all banks to promote the cross-border use of the yuan, rolling out a six-point strategy to drive global adoption. To boost the currency’s footprint, the de facto central bank is urging lenders to create…
Read MoreSingapore stocks rise on Thursday amid mixed regional showing; STI up 1.1%
Published Thu, Jul 2, 2026 · 06:10 PM [SINGAPORE] Singapore stocks ended higher on Thursday (Jul 2). The benchmark Straits Times Index (STI) gained 1.1 per cent or 55.65 points to finish at 5,217.15. ST Engineering led the gainers on Singapore’s blue-chip index, rising 2.7 per cent or S$0.28 to end at S$10.84. The worst…
Read MoreGreat Eastern expands wealth advisory as it deepens push into HNW market
The insurer is seeking to ensure advisers are equipped with expertise and technical proficiency [SINGAPORE] Great Eastern ’s accredited investor clients can now receive advisory services on both securities and structured products as the insurer deepens its push into the high-net-worth (HNW) segment. Its wholly owned subsidiary Great Eastern Financial Advisers (GEFA) recently received regulatory…
Read MoreGoogle loses fight against record US$4.95 billion EU antitrust fine
The ruling confirms Google Search’s abuse of a dominant position in the context of the Android operating system Published Thu, Jul 2, 2026 · 04:45 PM [BRUSSELS] Alphabet’s Google on Thursday (Jul 2) lost its fight against a record fine imposed by EU antitrust regulators eight years ago for using its Android mobile operating system…
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