Posts by Liam Redmond
India’s NSE eyes Sep 21-week listing after regulator clears IPO, sources say
Published Sat, Sep 5, 2026 · 03:49 PM INDIA’s National Stock Exchange (NSE) is targeting a listing in the week starting Sep 21, three sources familiar with the matter said, after receiving long-awaited regulatory approval for its initial public offering on Friday (Sep 4). The IPO could rank among India’s biggest-ever, alongside billionaire Mukesh Ambani’s…
Read MoreWhat Trump’s Venezuela oil grab means for China
THE Trump administration’s deepening involvement in Venezuela – first with the ouster of longtime leader Nicolas Maduro and now with a deal to take a stake in its oil industry – could complicate China’s strategy in Latin America. Venezuela was one of the countries at the forefront of China’s push to expand its geopolitical and…
Read MoreAI cloud firm Nscale seeks US$3.5 billion in pre-IPO financing
The company is seeking to sell as much as US$1.5 billion of convertible notes to a group of investors Published Sat, Sep 5, 2026 · 11:30 AM NSCALE, a cloud computing firm focused on artificial intelligence, is in talks with potential investors to raise as much as US$3.5 billion in financing ahead of a planned…
Read MoreAnthropic IPO launch shifts toward mid-October, sources say
Published Sat, Sep 5, 2026 · 09:56 AM ANTHROPIC is expected to begin marketing its initial public offering in mid-October at the earliest and complete the listing days before the US midterm elections in November, people familiar with the matter said on Friday (Sep 4). The artificial intelligence company had been expected to make its…
Read MoreUS structured Venezuela oil position to protect it from dilution, official says
Published Sat, Sep 5, 2026 · 08:35 AM [WASHINGTON] The US government structured its 35 per cent position in a Venezuelan oil venture as warrants that protect Washington’s stake from being weakened by fresh raises of capital, a US official said. Speaking on Thursday (Sep 3) about the deal announced last week by President Donald…
Read MoreOil ends week higher on renewed US-Iran strikes, diesel hits record
Published Sat, Sep 5, 2026 · 08:06 AM [HOUSTON] Oil prices rose on Friday (Sep 4), ending the week substantially higher after the United States and Iran resumed military exchanges in the seventh month of their conflict, while retail US diesel prices hit a record high. Brent crude futures settled at US$92.68 a barrel, up…
Read MoreEuropean shares log weekly losses on inflation worries; Volkswagen jumps
Next week, the market focus will shift to the European Central Bank’s policy meeting Published Sat, Sep 5, 2026 · 07:56 AM EUROPEAN shares ended the week lower on Friday (Sep 4), though a rally in Volkswagen helped steady the market after the automaker agreed on a major turnaround plan. The benchmark Stoxx 600 ticked…
Read MoreUS stocks: Wall Street ends lower as solid jobs data fuels hawkish Fed bets
All three major US indexes close lower amid a broad selloff ahead of the three-day holiday weekend Published Sat, Sep 5, 2026 · 07:48 AM [NEW YORK] Wall Street dipped on Friday (Sep 4) as a robust jobs report raised the probability that the US Federal Reserve will increase its key interest rate at this…
Read MorePayPal adds another round of layoffs
PayPal, the digital payments company, is laying off 251 employees at its San José headquarters in another round of layoffs, according to a recent government filing. The cuts are a part of a multiyear restructuring plan led by CEO Enrique Lores to turn around the company’s performance and cut costs while investing more in AI…
Read MoreTesla’s Cybercab launch triggers federal safety probe
Tesla’s robotaxi services may have hit a road block following the highly-anticipated launch of the Cybercab. The electric vehicle company deployed its first Cybercabs in Austin, Texas, on Thursday night, prompting federal regulators to investigate whether the vehicle was properly certified. The gold-colored, two-door vehicle was first unveiled nearly two years ago in Los Angeles.…
Read MoreDollar bounces as US jobs growth beats expectations
Published Fri, Sep 4, 2026 · 10:09 PM [NEW YORK] The dollar jumped on Friday (Sep 4) after data showed that employers added 162,000 jobs in August, well above the 56,000 additions expected by economists. The data follows after an unexpected 23,000 job decline in July. The unemployment rate held steady at 4.1 per cent.…
Read MoreWall St subdued after jobs report fuels rate-hike bets
Published Fri, Sep 4, 2026 · 09:46 PM [NEW YORK] Wall Street’s main indexes were muted at the open on Friday (Sep 4) after a stronger-than-expected jobs reading prompted investors to amplify bets the Federal Reserve could hike interest rates this month. The Dow Jones Industrial Average fell 101.2 points, or 0.19 per cent, at…
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