Posts by Liam Redmond
Dutch 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…
Read MoreTata Group targets US$100 billion revenue from auto units by 2031
Jaguar Land Rover is expected to contribute US$45 billion to US$50 billion of revenue Published Thu, Jul 9, 2026 · 03:55 PM [MUMBAI] Tata Group is targeting about US$100 billion in automotive revenue by the year ended March 2031, chairman Natarajan Chandrasekaran said, outlining growth plans across its four automotive businesses following the demerger of…
Read MoreHow Temasek is leveraging AI for better all-round performance
It plans to grow AI-linked investments from 6% to 15% of its portfolio, says Temasek Global Investments’ CEO [SINGAPORE] As markets remain caught up in the latest hype over SpaceX and artificial intelligence, investment company Temasek has been quietly focused on tapping AI’s potential to see where it can be used to boost its portfolio.…
Read MoreBank of Japan sees growing inflation pressures from Middle East war
In its quarterly report on the country’s regional economies, the central bank maintains its assessment for all nine areas Published Thu, Jul 9, 2026 · 03:46 PM [TOKYO] The Bank of Japan (BOJ) said on Thursday (Jul 9) that the US-Israeli war on Iran is likely to prod more firms to raise prices later this…
Read MoreSingapore’s competition watchdog seeks feedback on Texas Instruments’ proposed acquisition of Silicon Labs
Both entities are Nasdaq-listed companies with global activities extending to the city-state [SINGAPORE] Singapore’s competition watchdog has launched a public consultation on Texas Instruments’ (TI) proposed acquisition of wireless technology company Silicon Laboratories. The Competition and Consumer Commission of Singapore (CCS) accepted a joint application from both parties on Jul 3 to evaluate the proposed…
Read MoreAs US-Iran war resumes, volatility returns to SIA, Oiltek shares
[SINGAPORE] As peace talks fail in the Middle East and the Strait of Hormuz – through which 20 per cent of global oil would have normally flowed – effectively closes again, markets and economies are bracing for the fallout from a sustained spike in oil and gas prices. Shares of Oiltek closed 6.3 per cent…
Read MoreRecruiters shift focus to specialised AI jobs to stay relevant
AI-related job postings in the US rose 95% in the first half of 2026 from a year earlier, while overall job postings fell 16% Published Thu, Jul 9, 2026 · 01:17 PM RECRUITMENT companies, facing the threat of artificial intelligence tools replacing human labour and customers embracing AI-assisted applicant screening, are adapting by honing in…
Read MoreGold falls as Middle East hostilities revive inflation woes
Spot gold fell 0.4% to US$4,060.46 per ounce by 0343 GMT, after dropping to its lowest level since Jul 1 on Wednesday Published Thu, Jul 9, 2026 · 12:39 PM [BENGALURU] Gold fell on Thursday (Jul 9), hovering near a one-week low set in the previous session, as renewed US-Iran hostilities lifted oil prices and…
Read MoreGold eases as Middle East hostilities revive inflation fears
Spot gold falls 0.2% to US$4,068.77 per ounce by 0522 GMT, after dropping to its lowest since Jul 1 on Wednesday Published Thu, Jul 9, 2026 · 12:39 PM — Updated Thu, Jul 9, 2026 · 02:24 PM [BENGALURU] Gold prices fell on Thursday (Jul 9), hovering near a one-week low, as renewed US-Iran hostilities…
Read MoreDel Monte Pacific defends solvency after SGX flags US$787 million deficit
The dual-listed canned food producer says its operating business remains ‘fundamentally sound’ [SINGAPORE] Del Monte Pacific has defended its ability to remain a going concern, pushing back against regulatory concerns over its working capital deficit and thin cash reserves. Responding to queries from the Singapore Exchange (SGX) about its financial year 2026 results, the dual-listed…
Read MoreSupermarket and minimart chain Hao Mart faces fifth High Court lawsuit
[SINGAPORE] Supermarket and minimart chain Hao Mart is facing a fifth High Court lawsuit, with hair and scalp care company Bio Organicare Scalp suing the retailer in what court records describe as a landlord-tenant dispute. The matter has been fixed for a case conference on Jul 16. Department store operator OG has been named as a third party in…
Read MoreAustralian shares extend losses on Middle East jitters, banks and miners top drag
Published Thu, Jul 9, 2026 · 10:11 AM AUSTRALIAN shares fell for a fourth straight session on Thursday (Jul 9), with heavyweight miners and banks leading declines after US President Donald Trump said the initial agreement signed with Iran to resolve the Middle East conflict was “over”. The S&P/ASX 200 index lost 0.8 per cent…
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