Posts by Liam Redmond
Misuse of driver-assistance systems biggest risk to road safety: survey
Published Wed, Jul 15, 2026 · 10:21 AM [MILAN/STOCKHOLM] Motorists’ misuse of driver-assistance technology and drivers being distracted by in-vehicle features, rather than mechanical problems, are the biggest risks for road safety, according to a survey of transport specialists. The survey, published on Wednesday (Jul 15), reflects industry concerns about human error as some governments…
Read MoreKuroda’s negative rate surprise shocked his own BOJ board, minutes show
Dissenters were concerned over Kuroda’s proposal to charge 0.1% interest on a portion of financial institutions’ deposits at the BOJ Published Wed, Jul 15, 2026 · 09:28 AM [TOKYO] The Bank of Japan’s shock introduction of negative rates in 2016 drew intense criticism from within the board with some blasting it as half-baked and a…
Read MoreWells Fargo beats profit on trading boom, loan growth
Published Wed, Jul 15, 2026 · 08:09 AM WELLS Fargo beat Wall Street estimates for quarterly profit, boosted by strong investment banking fees and as it doled out more loans after its regulatory shackles were removed last year. The boost in its loan book came as consumers borrowed money for cars and credit cards, while commercial and…
Read MoreOpenAI’s first device will be movable, screenless speaker built as AI companion
OPENAI’S much-anticipated push into consumer devices is slated to begin with a mobile, screen-free smart speaker designed to be a new type of home computer for the AI era, according to people familiar with the matter. The product — still under development — is meant to serve as a human-like AI companion that lives in…
Read MoreOil prices rise 2% to one-month high as US-Iran attacks deepen supply disruption
Published Wed, Jul 15, 2026 · 06:16 AM OIL prices climbed about 2 per cent to a one-month high on Tuesday (Jul 14) after the US reimposed a naval blockade on Iran, which will reduce oil flows from the region through the Strait of Hormuz. Before the Iran war, about 20 per cent of global oil supplies flowed through the…
Read MoreJPMorgan posts record profit on big gains from dealmaking, stock trading
Published Tue, Jul 14, 2026 · 10:58 PM [NEW YORK] JPMorgan Chase reported a record second-quarter profit on Tuesday (Jul 14), as a wave of big-ticket IPOs and dealmaking helped drive investment banking fees to their highest levels since 2021, while its trading desk capitalised on volatile markets. Revenue rose across all business units at…
Read MoreS&P 500 and Nasdaq open higher as CPI, bank earnings take focus
Published Tue, Jul 14, 2026 · 09:50 PM [NEW YORK] The S&P 500 and the Nasdaq opened higher on Tuesday (Jul 14) after softer-than-expected inflation data fuelled bets that the Federal Reserve could take a less hawkish stance on interest rates, while investors assessed second-quarter results from major US banks. The Dow Jones Industrial Average…
Read MoreAI investment race could turn debt-fuelled boom to bust: BIS
Published Tue, Jul 14, 2026 · 09:32 PM THE race to build infrastructure for artificial intelligence is on track to surpass previous technological booms that ended up in severe market disruptions, the Bank for International Settlements (BIS) said. Borrowing and financial ties between hyperscalers and AI developers increase the risk of broader financial turmoil, if…
Read MoreGoldman’s profit jumps on trading surge, corporate deal spree
Dealmaking picked up pace and market volatility boosted equities business to a record Published Tue, Jul 14, 2026 · 08:48 PM [WASHINGTON] Goldman Sachs raked in higher profit in the second quarter as dealmaking picked up pace and market volatility due to the Middle East war boosted equities business to a record. Inflation risks, elevated…
Read MoreUS dollar hovers near 13-month highs ahead of inflation data
Investors are pricing in a higher chance of global interest rates rising this year Published Tue, Jul 14, 2026 · 08:28 PM [LONDON] The US dollar remained in sight of 13-month highs on Tuesday (Jul 14) ahead of US inflation data, which will come under extra scrutiny as Middle East tensions boost oil prices, while…
Read MoreScepticism towards Trump’s 20% Hormuz fee even as markets react to renewed inflation fears
[SINGAPORE] Global markets mostly retreated on Tuesday (Jul 14) after the United States announced a naval blockade of Iranian ships in the Strait of Hormuz and proposed a highly controversial 20 per cent toll on all commercial vessels traversing the lane. The moves sent crude oil prices up as much as 9 per cent, spiked…
Read MoreSingapore shares close higher on Tuesday; STI up 0.5%
Published Tue, Jul 14, 2026 · 06:12 PM [SINGAPORE] Singapore stocks ended higher on Tuesday (Jul 14). The benchmark Straits Times Index (STI) gained 0.5 per cent or 25.27 points to finish at 5,495.61. DBS led the gainers on the blue-chip index, rising 1.8 per cent or S$1.24 to S$72.03. The other local banks ended…
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