Posts by Liam Redmond
Gold eases from seven-week peak, US inflation data looms
Published Mon, Aug 10, 2026 · 01:08 PM GOLD slipped on Monday (Aug 10) as investors took profits after prices hit a seven-week high in the previous session, while markets looked to US inflation data for fresh clues on the Federal Reserve’s interest rate path. Spot gold was down 0.3 per cent at US$4,330.46 per…
Read MoreBOJ flags upside price risks and possible faster rate hikes
Published Mon, Aug 10, 2026 · 10:58 AM THE Bank of Japan flagged rising risks of inflation heating up in a summary of opinions from its July meeting, with one board member pointing to the possibility of an acceleration in the pace of interest rate hikes. “Given that underlying CPI inflation has been approaching 2…
Read MoreBOJ flags upside price risks and possible faster interest rate hikes
At its meeting last month, the Japanese central bank held its policy rate at 1% and signalled that it could possibly raise it in September Published Mon, Aug 10, 2026 · 10:58 AM [TOKYO] The Bank of Japan (BOJ) flagged rising risks of inflation heating up in a summary of opinions from its July meeting,…
Read MoreOil rises as Iran tempers hopes for swift Hormuz reopening
Published Mon, Aug 10, 2026 · 09:16 AM — Updated Mon, Aug 10, 2026 · 01:21 PM [NEW DELHI/PERTH] Oil prices rose on Monday (Aug 10) as uncertainty persisted over the reopening of the Strait of Hormuz, with Iran saying the United States must meet several conditions even as Teheran and Oman moved into the…
Read MoreUK announces nearly £130 million funding for zero-emission vehicle technology
Published Mon, Aug 10, 2026 · 09:01 AM [LONDON] The British government announced nearly £130 million (US$175 million) in funding for zero-emission vehicle technologies on Monday (Aug 10), with almost £65 million in public money and the rest provided by the industry. Nearly £50 million in government funding will be awarded to auto firms and…
Read MoreFOCUS-Shein finds there’s no place like China after Vietnam warehouse experiment disappoints
[HANOI/GUANGZHOU, China] Just over a year ago, Chinese ultra-fast fashion retailer Shein began leasing 15 hectares of warehouse facilities — equivalent in size to 21 football fields — near Ho Chi Minh City, part of a grand experiment to make Vietnam a major export base. When it was formulating those plans in late 2024, it…
Read MoreShein finds there’s no place like China after Vietnam warehouse experiment disappoints
[HANOI/GUANGZHOU] Just over a year ago, Chinese ultra-fast fashion retailer Shein began leasing 15 hectares of warehouse facilities – equivalent in size to 21 football fields – near Ho Chi Minh City, part of a grand experiment to make Vietnam a major export base. When it was formulating those plans in late 2024, it seemed…
Read MoreWestpac’s Q3 profit rises on loan growth, flags slower housing credit demand
Published Mon, Aug 10, 2026 · 07:08 AM AUSTRALIA’S Westpac Banking Corp posted a slightly higher third-quarter cash profit on Monday (Aug 10), helped by growth in customer loans and deposits, but warned mortgage demand had weakened following federal budget changes and pointed to slower housing credit growth ahead. The bank said average monthly mortgage…
Read MoreWestpac reports 20% drop in mortgage applications after Australia scraps tax breaks
CEO says housing undersupply and population growth to partly offset rate, policy headwinds Published Mon, Aug 10, 2026 · 07:08 AM [SYDNEY] Australia’s second-largest lender Westpac Banking Corp reported a 20 per cent fall in mortgage applications and forecast investor housing credit growth to halve next year, as the Labor government’s tax changes weigh on…
Read MoreHKEX offers deeper capital pools to primary, secondary listings from S-E Asia
Bourse positioning HK as complementary fundraising venue, says head of global issuer services Johnson Chui [SINGAPORE] When Indonesian miner Merdeka Gold Resources secured a secondary listing in Hong Kong in June, it underlined the message that the Hong Kong Exchanges and Clearing (HKEX) has been making to South-east Asia – a listing in Hong Kong…
Read MoreNasdaq-100 consolidates as key support holds
SINCE early August 2026, the Nasdaq-100 has entered a period of consolidation after posting a remarkable rally during the first half of the year. Following its record high in early June, the index underwent a healthy correction of around 10 per cent, eventually finding support near the end of July before staging a recovery. While…
Read MoreAir India captain’s initial drug test prompts further probe after sudden altitude loss
Published Mon, Aug 10, 2026 · 06:27 AM [NEW DELHI] The captain of an Air India flight from Phuket to New Delhi that encountered a sudden loss of altitude last week returned an initial screening result for psychoactive substances, prompting further laboratory testing, India’s civil aviation ministry said on Sunday (Aug 9). On Aug 4,…
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