Posts by Liam Redmond
European stocks recover from one-month lows as bond yields retreat
Published Fri, Sep 4, 2026 · 05:54 AM EUROPEAN stocks rose on Thursday (Sep 3) after three straight sessions of losses, as a global bond selloff eased and investors looked ahead to US economic data for clues on the Federal Reserve’s next policy moves. The pan-European Stoxx 600 was up 0.49 per cent at 649.1, recovering from…
Read MoreUS stocks: Wall Street ends sharply higher as Waller remarks ease rate hike fears
Published Fri, Sep 4, 2026 · 05:47 AM [NEW YORK] Wall Street rallied on Thursday (Sep 4) as investors curbed their rate hike bets after US Federal Reserve Governor Christopher Waller said he would support holding the Fed funds target rate steady if data shows inflationary pressures are abating. All three major US stock indexes…
Read MorePayPal cuts 220 India jobs as part of previously announced restructuring plan
Published Thu, Sep 3, 2026 · 11:28 PM [MUMBAI] PayPal has cut roughly 220 jobs in India as part of the payments firm’s broader, multi-year turnaround plan laid out earlier this year, a person familiar with the matter told Reuters on Thursday (Sep 3). “The recent staffing changes are part of our previously announced multi-year…
Read MoreNvidia to buy Hugging Face for US$13 billion in big bet on open AI models
Published Thu, Sep 3, 2026 · 10:33 PM [SANTA CLARA, California] Nvidia will buy popular developer platform Hugging Face for US$12.93 billion, betting that support for open AI models will drive future demand even as its biggest customers develop their own chips to reduce reliance on the semiconductor giant. Shares of the company were up…
Read MoreWall St opens higher after Fed’s Waller signals patience on rate policy
Published Thu, Sep 3, 2026 · 09:50 PM [NEW YORK] Wall Street’s main indexes opened higher on Thursday (Sep 3) after Federal Reserve governor Christopher Waller said he was open to leaving interest rates unchanged this month if data confirms inflation pressures are cooling off. The Dow Jones Industrial Average rose 247.2 points, or 0.47%,…
Read MoreGreen jet fuel levy for air cargo deferred for a year
[SINGAPORE] A green jet fuel levy for air cargo will be deferred for a year and start from Oct 1, 2027, for flights leaving Singapore from Jan 1, 2028. In a statement on Sept 3, the Civil Aviation Authority of Singapore (CAAS) said the air cargo levy is being pushed back because of the diverse nature of…
Read MoreYen rallies sharply as markets raise bets on Bank of Japan rate hikes; US dollar drops
Published Thu, Sep 3, 2026 · 08:37 PM [SINGAPORE/LONDON] The yen extended gains on Thursday (Sep 3) after a sudden burst higher in the previous session, though traders stopped short of attributing the move to intervention by Japanese authorities and pointed instead to rising bets on Bank of Japan rate hikes. The US dollar dropped…
Read MoreSingapore shares edge up amid mixed regional showing; STI gains 0.1%
Published Thu, Sep 3, 2026 · 07:04 PM [SINGAPORE] Singapore stocks edged up on Thursday (Sep 3). The benchmark Straits Times Index (STI) was little changed, gaining 0.1 per cent or 3.6 points to finish at 5,747.71. DFI Retail Group led the gainers on Singapore’s blue-chip index, rising 3.4 per cent or US$0.12 to US$3.64.…
Read MoreSingapore records S$1.3 billion inflow of funds in Q2, led by higher allocation funds: Morningstar
The financial services firm notes increasing underlying interest in local equities today [SINGAPORE] Funds in Singapore recorded net inflows of S$1.3 billion in the second quarter of 2026, driven by an increase in allocation funds, data from Morningstar showed. While this was down from S$3.2 billion in the first quarter, the industry saw S$4.5 billion…
Read MoreFrom $300,000 EVs to dancing bots: The El Segundo firm sliding into Tesla’s slipstream
After its multibillion-dollar bid to become the next Tesla failed, El Segundo’s Faraday Future is pivoting to humanoid robots. The company says it is applying the expertise and infrastructure it gained through its electric vehicle journey to become a front-runner in the global robot race. Skeptics say they are still uncertain whether its robots, which…
Read MoreHow influencers are taking center stage in Burbank
The exterior of the two-story, beige-colored building looks like any other drab office space near the Hollywood Burbank Airport. But on a recent weekday afternoon, the inside was bustling with activity: hairstylists carried brightly colored wigs between soundstages, a prop artist was building a fake leg for an upcoming video and YouTube stars gathered in…
Read MoreMalaysia’s finance ministry hires adviser to assess AirAsia’s funding needs
South-east Asia’s largest budget carrier seeks fresh capital amid mounting financial pressure Published Thu, Sep 3, 2026 · 04:39 PM [HONG KONG/KUALA LUMPUR] Malaysia’s finance ministry has hired Alton Aviation Consultancy to assess AirAsia’s funding needs, said three sources familiar with the matter, as South-east Asia’s largest budget carrier seeks fresh capital amid mounting financial…
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