Posts by Liam Redmond
China’s crude oil purchases rebound in July from near-decade low
Oil flows from the Persian Gulf rise after an interim peace deal between the US and Iran in June Published Fri, Aug 7, 2026 · 01:37 PM CHINA’S crude oil imports rebounded in July from a near-decade low, after flows through the Strait of Hormuz picked up and refiners boosted purchases from nations outside the…
Read MoreChinese AI chipmakers poised to gain from Beijing’s tech push
The country’s firms raise orders after Beijing mandates local tech firms find alternatives to Nvidia products Published Fri, Aug 7, 2026 · 01:10 PM CHINA’S artificial intelligence chip designers are expecting bumper sales this earnings season off the back of Beijing’s push to get local firms to use homegrown components and reduce their reliance on…
Read MoreDBS sees choppy Q3 for STI as investors pivot from Singapore banks to listcos that are unlocking value
Brokerage expects growing interest in alternative themes such as EQDP beneficiaries [SINGAPORE] DBS Group Research expects the Straits Times Index (STI) to face a choppy third quarter, and a tactical rotation away from local banks, citing an increasingly concentrated rally that has left index valuations elevated while broader market performance lags. In their Singapore Market…
Read MoreJapan’s April yen intervention set daily record as pressure persists
It may have spent as much as US$58.97 billion on Jul 30 and US$36.58 billion on the next day propping up the yen Published Fri, Aug 7, 2026 · 11:53 AM [TOKYO] Japanese authorities conducted a record single-day yen-buying intervention in foreign exchange markets in April, selling US$40 billion of the country’s currency reserves, as…
Read MoreUS sale of euros for yen intervention blindsided Europe: report
Some ECB officials viewed the US using euros, instead of US dollars, as an unprecedented breach of longstanding conventions Published Fri, Aug 7, 2026 · 11:50 AM THE US blindsided the European Central Bank (ECB) last week with its historic currency intervention to help Japan, only informing its counterparts in Frankfurt after it sold euros…
Read MoreAsian stocks gain as South Korean tech shares advance
The MSCI Asia Pacific equities gauge climbs 0.2% as South Korean shares rise 1.3% Published Fri, Aug 7, 2026 · 10:45 AM ASIAN stocks gained on Friday (Aug 7) as traders looked past geopolitical tensions and technology stocks advanced in South Korea. Oil rose as prospects for a lasting Middle East agreement remained uncertain. The…
Read MoreYen surrenders nearly half its gains from US-Japan intervention; traders speculate on fresh action
Pullback underscores the limits of intervention in reversing the yen’s longer-term decline Published Fri, Aug 7, 2026 · 10:39 AM THE YEN is heading into the end of the week having surrendered nearly half of its intervention-driven gains, fuelling speculation among traders that authorities may step into the market again. The currency traded around 158.45…
Read MoreOpenAI’s new device will be hockey puck-sized and cost over US$300
OpenAI is looking to break new ground with the product, slated for release in 2027 [SAN FRANCISCO] A highly anticipated new device from OpenAI will have a unique look, complete with moving parts that help give it personality, and likely cost more than US$300, according to people familiar with the matter. The product – essentially…
Read MoreOCBC shares close 3.3% up after hitting all-time high on Q2 earnings; UOB down 2.7%
UOB’s net profit climbs 10% to S$1.48 billion; OCBC’s is up 22% at S$2.22 billion [SINGAPORE] Shares of UOB and OCBC diverged after the local banks’ second-quarter earnings release. UOB fell as much as 2.7 per cent, while OCBC rose as much as 4 per cent, hitting an all-time of S$30.50, on Friday (Aug 7).…
Read MoreYangzijiang Shipbuilding shares jump 6.6% after strong H1 earnings report
[SINGAPORE] Shares of Yangzijiang Shipbuilding jumped 6.6 per cent or S$0.26 to close at S$4.20 on Friday (Aug 7), on the back of its strong first-half earnings growth posted on Thursday. The mainboard-listed company posted a 28.4 per cent rise in net profit to 5.4 billion yuan (US$800 million) for H1 ended Jun 30, 2026,…
Read MoreYangzijiang Shipbuilding shares jump 7.9% after strong H1 earnings report
[SINGAPORE] Shares of Yangzijiang Shipbuilding jumped 7.9 per cent or S$0.31 to S$4.25 shortly after market open on Friday (Aug 7) at 9.02 am, on the back of its strong first-half earnings growth posted on Thursday. The mainboard-listed company posted a 28.4 per cent rise in net profit to 5.4 billion yuan (US$800 million) for…
Read MoreStocks to watch: UOB, OCBC, StarHub, SGX, Yangzijiang Shipbuilding, Venture, JustCo
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Aug 7): Source link
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