Posts by Liam Redmond
Oil prices settle 2% lower as economic worries outweigh supply risks
Published Fri, Jul 10, 2026 · 06:06 AM OIL prices slid about 2 per cent on Thursday (Jul 9) on worries that rising inflation and other economic concerns could weigh on global oil demand despite continuing supply constraints as the the US-Iran conflict has delayed full reopening of Strait of Hormuz. About 20 per cent of global oil supplies…
Read MoreTech rebound lifts European shares after three-day slide
Published Fri, Jul 10, 2026 · 05:53 AM EUROPEAN shares gained for the first time this week on Thursday (Jul 9), as a rebound in technology stocks tempered lingering concerns about the war in the Middle East. The pan-European Stoxx 600 index rose about 0.8 per cent to 640.88 points. Technology stocks and basic resources were the…
Read MoreUS stocks: Nasdaq ends sharply higher; chip surge offsets Iran worries
Published Fri, Jul 10, 2026 · 05:46 AM THE Nasdaq ended sharply higher on Thursday (Jul 9), as Micron Technology fueled a rally in chip stocks that eclipsed fears that renewed US and Iranian attacks might prolong the Middle East conflict and fuel inflation. Teheran said it hit US military targets in Kuwait, Qatar and Bahrain following…
Read MoreThe microscope moment for cyber resilience
IN THE 1670s, Antonie van Leeuwenhoek peered through a homemade microscope and reported tiny life forms, what he called “animalcules” that made the heretofore invisible visible. Those observations later seeded microbiology, better hygiene, and eventually, the germ theory of disease. People did not fall ill because such discoveries existed. They simply helped explain why. Seeing…
Read MoreS&P 500, Nasdaq open higher as chip stocks gain
Published Thu, Jul 9, 2026 · 09:48 PM [NEW YORK] The S&P 500 and the Nasdaq edged higher at the open on Thursday (Jul 9), as gains in chip stocks helped offset renewed geopolitical jitters after fresh exchange of attacks threatened to prolong the US-Iran conflict and keep markets volatile. The Dow Jones Industrial Average…
Read MoreUS dollar drifts with oil; Gulf tensions, Fed minutes in focus
Published Thu, Jul 9, 2026 · 08:34 PM [LONDON] The US dollar backed off this week’s highs on Thursday (Jul 9) as the United States and Iran carried out renewed attacks, despite a spike in oil prices that rekindled concerns about inflation and boosted expectations the Federal Reserve could soon raise interest rates. Minutes on…
Read MorePepsiCo beats revenue estimates, flags pressure from tighter consumer budgets
The beverage giant benefited from resilient demand for zero-sugar sodas in some of its key markets Published Thu, Jul 9, 2026 · 07:04 PM [LONDON] PepsiCo beat Wall Street estimates for second-quarter revenue on Thursday (Jul 9), as the beverage giant benefited from resilient demand for zero-sugar sodas in some of its key markets. The…
Read MoreAir India chair to oversee firm with interim panel; CEO search continues, source says
The Singapore Airlines investee has faced scrutiny after safety lapses and a crash in India that killed 260 people in 2025 Published Thu, Jul 9, 2026 · 06:29 PM [NEW DELHI] Air India chairman N Chandrasekaran is setting up an interim committee of senior executives, including himself, to oversee the airline during the search for…
Read MoreSingapore stocks rise as oil prices spike; STI up 1.2%
Published Thu, Jul 9, 2026 · 06:07 PM [SINGAPORE] Singapore stocks ended higher on Thursday (Jul 9). The benchmark Straits Times Index (STI) gained 1.2 per cent or 64.31 points to finish at 5,433.88. Singapore Exchange led the gainers on Singapore’s blue-chip index, rising 2.5 per cent or S$0.61 to S$24.62. The worst performer among…
Read MoreMeta’s new AI image generation tool raises alarm in Hollywood
Influencers under Kyle Hjelmeseth’s talent management firm build their Instagram presence on lived experience. Their control over that image and likeness got shakier Tuesday when Instagram’s parent company Meta rolled out Muse Image — a tool that lets people take publicly posted Instagram photos and use AI to generate new images from them. Many accounts…
Read MoreAsia growth improves but ADB warns of persistent headwinds
The bank forecasts the region’s economy will expand 4.9% in 2026, up from the 4.7% estimate in a special update earlier Published Thu, Jul 9, 2026 · 04:37 PM [MANILA] Economic growth across Asia is expected to remain subdued despite a modest improvement in outlook, as lingering disruptions from the conflict in the Middle East…
Read MoreDutch central bank fines ABN Amro for customer due diligence failings
Published Thu, Jul 9, 2026 · 04:27 PM [Amsterdam] Dutch bank ABN Amro was fined US$9.9 million by the Dutch central bank DNB for structural shortcomings in due diligence checks on high-risk customers in files reviewed between September 2023 and September 2024. ABN Amro said it accepted the fine and regretted failing to meet the…
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