Posts by Liam Redmond
Dollar 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…
Read MoreStocks fall as Trump declares US-Iran ceasefire ‘over’
Published Wed, Jul 8, 2026 · 06:09 PM STOCKS fell, bond yields spiked and oil rallied after US President Donald Trump thrust geopolitical risks back into focus by declaring the ceasefire between the US and Iran to be over. S&P 500 futures slid 1 per cent. Brent advanced 6.3 per cent towards US$79 a barrel.…
Read MoreOil jumps over 5% after Trump says deal with Iran ‘over’
Brent crude futures gained US$3.82, or 5.15%, hitting US$77.98 a barrel at 0832 GMT Published Wed, Jul 8, 2026 · 05:11 PM [BENGALURU] Oil prices jumped more than 5 per cent on Wednesday (Jul 8), hitting a two-week high after US President Donald Trump said the memorandum of understanding to end the conflict with Iran…
Read MoreTencent inks first deal for carbon-removal credits outside China
Published Wed, Jul 8, 2026 · 05:00 PM [BEIJING] Tencent Holdings will buy 300,000 carbon removal credits from an agroforestry project in Indonesia, marking the first deal of its kind for the Chinese technology firm outside its domestic market. Tencent has entered a 10-year agreement with Singapore-based carbon developer Thryve.Earth to purchase credits generated from…
Read MoreSouth Korea said to open cartel probe into Teo Siong Seng’s Singamas and other container makers
[SINGAPORE] The South Korean anti-competition watchdog is said to have opened an investigation into Singapore shipping veteran Teo Siong Seng’s Singamas Container and three other container makers over their alleged price-fixing conduct. The Korea Economic Daily Global reported on Tuesday (Jul 7) that the Korea Fair Trade Commission is probing some of the world’s largest…
Read MoreSouth Korea opens probe into Teo Siong Seng’s Singamas and peers over alleged price-fixing: report
[SINGAPORE] The South Korean anti-competition watchdog is said to have opened an investigation into Singapore shipping veteran Teo Siong Seng’s Singamas Container and three other container makers over alleged price-fixing. The Korea Economic Daily Global reported on Tuesday (Jul 7) that the Korea Fair Trade Commission is probing some of the world’s largest container makers…
Read MoreCat A hits record S$129,000 as COE rises across the board
[SINGAPORE] The price of a Category A Certificate of Entitlement (COE) hit a record of S$129,000 as other categories also ended higher at the Wednesday (Jul 8) tender exercise. The Category A COE, meant for smaller, less powerful cars and electric vehicles, rose by 4.2 per cent from S$123,847, breaching the previous record of S$128,105 set in October 2025.…
Read MoreNuclear power to climb 44% worldwide as China tops US: report
By 2036, the world may have up to 535 GW of installed nuclear power, up from 372 GW in 2025 Published Wed, Jul 8, 2026 · 04:12 PM [NEW YORK] Global nuclear capacity is set to climb 44 per cent over the next decade after years of tepid growth, spurred by growing demand for electricity…
Read MoreChina lifts fuel export curbs for July, sources say
Transportation fuel prices are expected to ease as the world’s biggest refiner returns to normalcy Published Wed, Jul 8, 2026 · 03:40 PM [SINGAPORE] China has lifted refined fuel export restrictions for the rest of July and allowed a private refiner to resume shipments after a four-month halt, trade sources said on Wednesday (Jul 8).…
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