Posts by Liam Redmond
AI 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…
Read MoreSpacs are making a comeback on Wall Street, but Singapore should look the other away
The lessons from the Republic’s previous experiment with blank-cheque companies still hold [SINGAPORE] Imagine a promoter handing you a sealed cardboard box, and promising that he will venture out into the wild and find a spectacular, fast-growing tech firm to put inside it. You hand over a pile of cash with the hope that you…
Read MoreSpacs are making a comeback on Wall Street, but Singapore should look the other way
The lessons from the Republic’s previous experiment with blank-cheque companies still hold [SINGAPORE] Imagine a promoter handing you a sealed cardboard box, and promising that he will venture out into the wild and find a spectacular, fast-growing tech firm to put inside it. You hand over a pile of cash with the hope that you…
Read MoreSamsung Electronics denies report that it is exploring US listing
The chipmaker is reportedly in the early stages of exploring a potential US offering of American depositary receipts Published Tue, Jul 14, 2026 · 05:34 PM [BENGALURU/ SEOUL] Samsung Electronics denied on Tuesday (Jul 14) a report that it was in the early stages of exploring a potential US offering of American depositary receipts (ADRs).…
Read MoreSingapore marine fuel sales rise in June after 2-month decline
Sales of bunker or marine fuel were about 4.7 million tonnes last month, MPA data shows [SINGAPORE] Singapore, the world’s largest bunkering hub, stemmed a two-month decline in marine fuel sales in June, edging up a modest 1.6 per cent year on year. Sales of bunker or marine fuel were about 4.7 million tonnes last…
Read MoreSingapore marine fuel sales rise in June after 2-month decline, likely due to lower prices
Sales of bunker or marine fuel were about 4.7 million tonnes last month, MPA data shows [SINGAPORE] Singapore, the world’s largest bunkering hub, stemmed a two-month decline in marine fuel sales in June, edging up a modest 1.6 per cent year on year. The rise was notable and likely driven by lower bunker prices, an…
Read MoreEricsson Q2 profit tops expectations, warns on AI costs
Ericsson reported operating profit of 6.52 billion Swedish crowns (US$671.70 million) for the second quarter Published Tue, Jul 14, 2026 · 04:20 PM [STOCKHOLM] Swedish telecom equipment maker Ericsson reported a second-quarter core profit above market expectations on Tuesday (Jul 14), aided by cloud services and orders but warned that it is under pressure from…
Read MoreDBS initiates coverage on JustCo with ‘Buy’, S$1.06 target price
DBS says the regional co-working player is at an inflection point as demand for hybrid working rises [SINGAPORE] DBS on Tuesday (Jul 14) initiated coverage on homegrown co-working player JustCo with a “Buy” and a 12-month target price of S$1.06. Analysts Dale Lai and Derek Tan said that the regional co-working player is at a…
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