Posts by Liam Redmond
US judge approves Elon Musk settlement with SEC despite misgivings, ‘red flags’
The judge asked why the SEC dropped its demand for Musk to give up ill-gotten gains to compensate his alleged victims Published Thu, Jul 9, 2026 · 06:59 AM A FEDERAL judge on Wednesday (Jul 8) approved the US Securities and Exchange Commission’s settlement with Elon Musk over his purchase of Twitter shares, despite expressing “significant misgivings” about the…
Read MoreFed policymakers’ inflation concerns grew at June meeting, minutes show
Published Thu, Jul 9, 2026 · 06:43 AM [WASHINGTON] Concern about high inflation mounted at the US central bank’s meeting last month, as officials followed Federal Reserve Chairman Kevin Warsh’s lead to a more stripped-down policy statement even amid concerns that price increases were broadening and might require interest rate hikes. A “few participants” at the…
Read MoreUS stocks: S&P 500 ends down after Trump says Iran deal is ‘over’
Published Thu, Jul 9, 2026 · 05:48 AM THE S&P 500 ended lower on Wednesday (Jul 8) after US President Donald Trump said an interim deal aimed at ending the war with Iran was “over,” while Broadcom led gains among recently battered chip stocks. Speaking at a Nato summit in Turkey, Trump said he had no…
Read MoreSugar market to register small deficit in 2026/27, says broker Czarnikow
Published Wed, Jul 8, 2026 · 10:51 PM [LONDON] The global sugar market will be in a modest deficit of 600,000 metric tons in the 2026/27 season, thanks largely to reduced output in the European Union, sugar broker and supply chain services company Czarnikow said on Wednesday (Jul 8). A record-breaking heatwave in Europe, the…
Read MoreWall St opens lower as Trump says Iran deal is ‘over’
Published Wed, Jul 8, 2026 · 09:46 PM [NEW YORK] Wall Street’s main indexes opened lower on Wednesday (Jul 8) after President Donald Trump said an interim deal aimed at ending the war with Iran was “over,” sending oil prices higher and triggering a global risk-off move. The Dow Jones Industrial Average fell 166.7 points,…
Read MorePBOC pledges to maintain accommodative policy amid weak demand, external shocks
Published Wed, Jul 8, 2026 · 09:42 PM [BEIJING] China’s central bank said on Wednesday (Jul 8) it would maintain an appropriately loose monetary policy and ramp up financial support to revive domestic consumption, adding that the economy was facing a mismatch between strong supply and weak demand. Global economic growth remains sluggish, geopolitical tensions…
Read MoreBitcoin weakens as Trump’s remarks raise fresh Iran war concerns
Published Wed, Jul 8, 2026 · 09:16 PM [NEW YORK] Bitcoin tumbled as renewed geopolitical tensions rattled digital asset markets, eclipsing what had been a muted reaction to Strategy Inc’s latest sale of the token earlier in the week. The largest cryptocurrency fell more than 3 per cent to around US$61,691 on Wednesday (Jul 8)…
Read MoreSGX divests index provider Scientific Beta
The deal enables ‘the redeployment of resources towards capabilities aligned with its growth priorities’, SGX says [SINGAPORE] SGX Group has divested its wholly owned subsidiary, Scientific Beta, to global index provider STOXX for a consideration of about 23 million euros (US$26.2 million), the Singapore bourse operator announced on Wednesday (Jul 8). The transaction is part…
Read MoreDollar steady around one-week high after Trump says Iran MOU ‘over’
Published Wed, Jul 8, 2026 · 08:22 PM [LONDON] The US dollar was broadly steady at its highest level in roughly a week on Wednesday (Jul 8) after US President Donald Trump said an interim memorandum of understanding signed with Iran to end their conflict was “over”, while investors also looked ahead to Fed meeting…
Read MoreUS dollar steady around 1-week high after Trump says Iran MOU ‘over’
Published Wed, Jul 8, 2026 · 08:22 PM [LONDON] The greenback was broadly steady at its highest level in roughly a week on Wednesday (Jul 8) after US President Donald Trump said an interim memorandum of understanding signed with Iran to end their conflict was “over”. Meanwhile, investors also looked ahead to Federal Reserve meeting…
Read MoreChanges to EV incentives, uncertainty over COE framework drive Category A premium to a new high in ‘re-run of 2025 mania’
Awareness that incentives will be reduced in 2027, strong demand are keeping premiums elevated for mainstream cars [SINGAPORE] A longer-than-usual break between Certificate of Entitlement (COE) bidding rounds helped push mainstream car and commercial vehicle premiums to new heights in July’s first round of bidding which ended on Wednesday (Jul 8). But industry observers said…
Read MoreRecord Cat A COE: expiring EV perk, longer bidding interval behind ‘re-run of 2025 mania’
Awareness that incentives will be lower in 2027, impending changes to system keeping premiums high for mainstream cars [SINGAPORE] A longer-than-usual break between Certificate of Entitlement (COE) bidding rounds helped push mainstream car and commercial vehicle premiums to new heights in July’s first round of bidding which ended on Wednesday (Jul 8). Industry observers said…
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