Posts by Liam Redmond
Bank Indonesia committed to strengthening efforts to stabilise rupiah
The rupiah has weakened past 18,000 per US dollar after the resignation of BI governor Perry Warjiyo on Jul 27 Published Wed, Jul 29, 2026 · 09:22 AM [JAKARTA] Indonesia’s central bank said in a statement on Wednesday (Jul 29) that its efforts to stabilise the rupiah will be strengthened in order to achieve inflation…
Read MoreGold edges lower as traders assess prospects for Fed rate hike
It extends a decline from the prior session ahead of a US central bank decision due later on Wednesday Published Wed, Jul 29, 2026 · 08:16 AM [SINGAPORE] Gold edged lower ahead of a finely balanced interest rate decision by the US Federal Reserve due later on Wednesday (Jul 29). Bullion was near US$4,020 an…
Read MoreOpenAI’s rogue agent compromised a customer at a second tech firm, executive says
Published Wed, Jul 29, 2026 · 07:10 AM [WASHINGTON] The rogue agent that escaped from OpenAI and went on a days-long hacking spree at the AI firm Hugging Face also compromised a customer at a second tech company — New York-based Modal Labs — according to a Modal executive and two other sources familiar with…
Read MoreIncoming Apple CEO aims to build on movie and TV progress
Published Wed, Jul 29, 2026 · 06:29 AM [LOS ANGELES] Apple‘s incoming CEO, hardware chief John Ternus, said he was committed to building on the company’s momentum in the entertainment business when he takes the helm of the iPhone maker in September. The technology giant began offering original TV series and films through the Apple TV+ streaming…
Read MoreST Engineering unit bags S$840 million contract for Taiwanese rail line
The project is expected to start in Q4 this year and will be delivered over eight years [SINGAPORE] The urban solutions business of ST Engineering has secured an S$840 million rail services contract for the Taoyuan MRT Brown Line in Taiwan. The group said on Tuesday (Jul 28) that the project is expected to commence…
Read MoreUPS hikes full-year forecasts after Amazon delivery reductions
UPS expects to generate revenue of US$91.2 billion in 2026, up from its previous forecast of US$89.7 billion Published Tue, Jul 28, 2026 · 10:50 PM [NEW YORK] United Parcel Service lifted annual revenue and profit forecasts above Wall Street estimates on Tuesday (Jul 28) as it returned to growth on domestic demand strength after…
Read MoreApple is second company to hit US$5 trillion in market value
Published Tue, Jul 28, 2026 · 10:19 PM [NEW YORK] Apple became just the second company ever to achieve a US$5 trillion market valuation. The iPhone maker’s shares rose as much as 1.8 per cent to US$342.89 on Tuesday (Jul 28), pushing the company’s market capitalisation to above US$5 trillion for the first time. It…
Read MoreNasdaq opens lower as AI worries mount ahead of pivotal earnings
Published Tue, Jul 28, 2026 · 09:44 PM [NEW YORK] The Nasdaq opened lower on Tuesday (Jul 28), mirroring a cautious mood across global markets toward AI chip stocks on concerns about hefty corporate spending and rising Chinese competition, ahead of earnings from some of the biggest companies on Wall Street. The Dow Jones Industrial…
Read MoreHongkong Land posts 11% rise in H1 underlying profit to US$259 million
Revenue is down 15.8% to US$632.7 million as the group winds down its build-to-sell business [SINGAPORE] Hongkong Land recorded an underlying profit of US$259 million for the six months ended Jun 30, up 11 per cent from US$233 million in the corresponding year-ago period. In a bourse filing on Tuesday (Jul 28), its CEO Michael…
Read MoreVisa to cut 7% of workforce as CEO seeks to revamp payments firm
Published Tue, Jul 28, 2026 · 09:09 PM [NEW YORK] Visa is eliminating about 2,600 jobs as chief executive officer Ryan McInerney seeks to make the firm more efficient as it competes in an increasingly tough payments industry. The cuts amount to roughly 7 per cent of the workforce and will primarily affect the technology…
Read MoreDollar firms to one-month high as markets mull Fed hike odds
Markets are pricing a nearly 40% chance of a 25-basis-point rate increase on Wednesday Published Tue, Jul 28, 2026 · 08:55 PM [LONDON] The US dollar steadied near a four-week high on Tuesday (Jul 28) as traders weighed the prospect of a Federal Reserve interest-rate hike this week, even as falling oil prices eased some…
Read MoreDFI Retail Group H1 underlying profit from continuing business rises 44% to US$117 million
[SINGAPORE] DFI Retail Group posted a 44 per cent rise in underlying profit attributable to shareholders from continuing businesses to US$117 million for its first half ended Jun 30, 2026 on the back of improved operating performance and lower financing costs. The figure excludes the impacts of the divestment of the Singapore food business, the…
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