Posts by Liam Redmond
US Fed’s Miran lays out path to shrink central bank balance sheet further
A smaller balance sheet would also allow for interest rates to be lower, he argued Published Fri, Mar 27, 2026 · 06:55 AM [NEW YORK] Federal Reserve Governor Stephen Miran on Thursday said reducing the financial system’s demand for high levels of liquidity could allow the central bank to substantially cut the size of its…
Read MoreBessent says Hormuz ships insurance programme to start soon
The Trump administration has already taken action to blunt prices and address some concerns about oil supply Published Fri, Mar 27, 2026 · 06:39 AM [WASHINGTON] Treasury Secretary Scott Bessent said a US insurance programme meant to boost shipping through the Strait of Hormuz will begin soon, a move that may help revive flows of…
Read MoreMeta shares drop on fears US verdicts open door to deluge of lawsuits
Published Fri, Mar 27, 2026 · 06:32 AM META Platforms shares dropped 7 per cent on Thursday after two verdicts holding it liable for harm to young users sparked fears the social media giant may have to overhaul the design practices that have underpinned its sprawling advertising business. While fines from the US trials in New…
Read MoreUS stocks: Wall Street slumps as Middle East uncertainty spooks investors
Published Fri, Mar 27, 2026 · 06:21 AM WALL Street’s main indexes fell sharply on Thursday and the Nasdaq confirmed a correction as investors worried about escalation in the US-Israeli war against Iran, which has sent oil prices soaring and exacerbated inflation concerns. President Donald Trump said Iran must make a deal with the US…
Read MoreNasdaq Composite confirms correction amid war uncertainty; worries about tech stocks in focus
Published Fri, Mar 27, 2026 · 06:13 AM THE Nasdaq Composite dropped 2.4 per cent on Thursday, leaving the tech-heavy index down nearly 11 per cent from its record-high close on Oct 29 and confirming it has been in a correction since then. In a broad Wall Street selloff fueled by uncertainty about the US…
Read MoreOil settles up nearly 6% as investors fear further Middle East escalation
Published Fri, Mar 27, 2026 · 06:01 AM [NEW YORK] Crude futures closed higher on Thursday, rebounding from the previous session’s losses, as hopes for a swift end to the war in the Middle East faded. Brent futures rose US$5.79 or 5.7 per cent to settle at US$108.01 per barrel on Thursday, while the US…
Read MoreEuropean shares snap win streak as Middle East conflict fans inflation worries
Published Fri, Mar 27, 2026 · 05:54 AM EUROPEAN shares ended a three-day winning streak on Thursday as hopes of an imminent de-escalation in the Middle East conflict faded, prompting traders to reassess their interest rate expectations. The pan-European Stoxx 600 index fell 1.13 per cent to 580.84 points, with miners and defence shares among…
Read MoreNetflix prices are rising again, hitting $27 a month
Netflix prices in the U.S. are going up — again. For the second time in a little over a year, the streaming service will demand a few more dollars a month from its subscribers. Netflix’s standard plan with ads will now cost $8.99, up $1. Both the prices for the standard plan with no ads…
Read MoreWall St opens lower as Mideast de-escalation uncertainty weighs
Published Thu, Mar 26, 2026 · 09:49 PM [NEW YORK] Wall Street’s main indexes opened lower open on Thursday (Mar 26) following gains in the previous session, as caution prevailed about developments in the Middle East while weighing the prospects for de-escalation in the conflict. The Dow Jones Industrial Average fell 84.8 points, or 0.18…
Read MoreGuocoland’s Malaysian unit to table proposed privatisation to disinterested shareholders at EGM
The RM1.10 offer price is a 17.7% premium to its last-traded share price of RM0.935 on Jan 30 [SINGAPORE] GuocoLand Malaysia (GLM), the wholly-owned subsidiary of GuocoLand , said in a bourse filing on Bursa Malaysia on Thursday (Mar 26) that it would hold an Extraordinary General Meeting (EGM) to table its proposed privatisation of…
Read MoreCnooc’s profit drops as low oil prices counter output growth
Net income came in at 122.1 billion yuan, down from 137.9 billion yuan a year earlier Published Thu, Mar 26, 2026 · 08:39 PM — Updated Thu, Mar 26, 2026 · 08:49 PM [BEIJING] Chinese oil major Cnooc reported weaker earnings in 2025, as a drop in oil prices blunted the impact of the company’s…
Read MoreKeppel, Simba Telecom agree to extend long-stop date for proposed M1 deal
[SINGAPORE] Keppel and Simba Telecom have mutually agreed to extend the long-stop date for the proposed M1 deal to May 21. In a bourse filing on Thursday (Mar 26), Keppel noted that M1, Simba and other relevant parties had submitted a consolidation application to the Infocomm Media Development Authority of Singapore (IMDA) on Sep 26,…
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