Posts by Liam Redmond
Japan’s yen jumps, traders alert to intervention risk
Published Thu, Jul 2, 2026 · 04:10 PM — Updated Thu, Jul 2, 2026 · 05:08 PM [LONDON/SINGAPORE] The yen jumped suddenly against the dollar on Thursday, with traders alert to the prospect of intervention from Japan to prop up its stubbornly weak currency and jumpy about a possible new approach to currency-buying from Japanese officials. It…
Read MoreSaudi Aramco ramps up exports, switches to spot sales
It resumed loadings from Ras Tanura, the world’s largest oil port after a halt of nearly four months Published Thu, Jul 2, 2026 · 04:01 PM [SINGAPORE] At least five supertankers carrying a total 10 million barrels of Saudi oil loaded from Ras Tanura have exited the Strait of Hormuz, with Saudi Aramco switching to…
Read MoreEuropean shares slip as AI stocks weigh; US jobs data in focus
Published Thu, Jul 2, 2026 · 03:53 PM EUROPEAN shares slipped on Thursday (Jul 2), tracking a sombre mood in global markets as AI stocks came under pressure, while investors awaited a key employment report out of the United States to gauge the path for interest rates. The pan-European Stoxx 600 index slipped 0.1 per…
Read MoreJapan government panel member calls for moderate BOJ rate hikes
He says delaying rate hikes can heighten inflation expectations and push up long-term interest rates Published Thu, Jul 2, 2026 · 03:15 PM [TOKYO] The Bank of Japan (BOJ) should continue to raise interest rates at a moderate pace to rectify excessive yen declines, Toshihiro Nagahama, a government panel member known as an economic aide…
Read MoreChina’s private refiners snap up Middle East oil as prices slide
Asian refiners are inundated with offers as shipments through Hormuz rise after an interim peace deal between US and Iran Published Thu, Jul 2, 2026 · 02:47 PM CHINA’S independent refiners are taking advantage of cheaper Middle Eastern oil after flows accelerated through the Strait of Hormuz, snapping up barrels from producers including Saudi Arabia…
Read MoreUBS already has enough capital to meet new government requirements: Swiss central bank
Government forces UBS to raise the amount of common equity capital it holds domestically against its foreign operations to 100% Published Thu, Jul 2, 2026 · 02:17 PM [ZURICH] UBS Group already has enough capital to meet the proposed new requirements in the Swiss government’s reform, according to the Swiss National Bank (SNB). In its…
Read MoreNvidia offers revenue sharing model for aspiring AI startups
Published Thu, Jul 2, 2026 · 02:15 PM [HONG KONG] Nvidia is looking to expand access to its leading artificial intelligence hardware by granting token credits to developers in exchange for a share of their future sales. The company at the heart of the AI boom will help connect AI data centre operators with cloud…
Read MoreDBS, Samsung Securities ink MOU to advance wealth management collaboration across Asia
The tie-up covers four areas, including access to the South Korean market for the Singapore lender’s clients [SINGAPORE] DBS and Samsung Securities on Thursday (Jul 2) signed a memorandum of understanding (MOU) to collaborate in wealth management, to enhance their services for clients in Asia. The two parties will work together in four areas. First,…
Read MoreBusiness jet departures in Middle East drop 30% during Iran war
Take-offs between Feb 28, when the war started, and Jun 28 fell to 15,171, from 21,529 in the year-ago period Published Thu, Jul 2, 2026 · 01:53 PM [MONTREAL] Business jet departures in the Middle East declined about 30 per cent in the aftermath of the Iran war, a trend that is at risk of…
Read MoreAEM says US court has dismissed Advantest’s patent infringement complaint
[SINGAPORE] AEM Holdings on Thursday (Jul 2) said a US court has dismissed a patent infringement complaint filed against the company and its subsidiaries by Advantest Test Solutions. In an order dated Jun 29, the US District Court for the Southern District of California ruled that California-based semiconductor firm Advantest failed to adequately plead direct…
Read MoreMicrosoft, Singapore’s Lightstorm, Singtel join consortium to build India-South-east Asia undersea cable
The network will span 3,600 km and have landing stations in Machilipatnam in Andhra Pradesh, where Meta and Alphabet have announced data centres Published Thu, Jul 2, 2026 · 12:59 PM A CONSORTIUM including Microsoft and telecom startup Lightstorm plans to build a new undersea cable linking India with Malaysia and Singapore as technology firms…
Read MoreOpenAI proposes handing Trump administration 5% stake, FT reports, amid growing US scrutiny of AI firms
The move follows growing public backlash in the US over AI’s potential to cause economic upheaval, including layoffs Published Thu, Jul 2, 2026 · 12:58 PM — Updated Fri, Jul 3, 2026 · 07:11 AM OPENAI has discussed giving the US government a 5 per cent stake, the Financial Times reported on Thursday (Jul 2),…
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