Posts by Liam Redmond
Japan ready to take decisive action on forex, finance minister says
The yen hit a fresh 40-year low at close to 164 per dollar. Published Fri, Jul 24, 2026 · 11:44 AM [TOKYO] Japan’s Finance Minister Satsuki Katayama reiterated on Friday (Jul 24) the government’s readiness to take action in the foreign exchange market, repeating the same language she has used all week as the yen…
Read MoreMagnificent 7 lose US$797 billion as AI sceptics dump tech stocks
An index of these stocks is down 11% from a May record – erasing US$2 trillion in market value Published Fri, Jul 24, 2026 · 11:15 AM [CHICAGO] Wall Street is growing increasingly concerned about the hundreds of billions of US dollars Big Tech is spending on artificial intelligence just as the resurgence of the…
Read More‘Asia will be the growth engine’: FedEx’s Salil Chari on riding the AI boom
Global logistics is in a volatile era but this has not derailed his focus on regional high-value trade The strategies and stories that shape today’s leaders [SINGAPORE] FedEx’s Asia-Pacific regional president Salil Chari wants to seize AI-driven growth opportunities in the region – while helping customers navigate the new norms of trade amid geopolitical instability.…
Read MoreAsian stocks fall on tech sell-off, Brent trades above US$100
The MSCI Asia-Pacific Index declines 0.8% after gauges in Japan, South Korea and Australia slip Published Fri, Jul 24, 2026 · 09:32 AM STOCKS in Asia fell after a technology-led sell-off on Wall Street as investors questioned whether the billions being poured into the artificial intelligence buildout will generate sufficient returns. Oil held its gains.…
Read MoreAsian stocks fall amid AI spending concerns; MSCI Asia-Pacific Index slides 1%
Published Fri, Jul 24, 2026 · 09:32 AM — Updated Fri, Jul 24, 2026 · 12:00 PM ASIAN stocks followed Wall Street lower as investors grew sceptical that the billions being poured into the artificial intelligence buildout will generate adequate returns. Brent traded above US$100 a barrel. The MSCI Asia-Pacific Index fell 1 per cent, with…
Read MoreUS Treasury finds no trading partner manipulated currency for trade advantage in 2025
10 trading partners, including Singapore, remain on a list for enhanced monitoring of their foreign exchange practices Published Fri, Jul 24, 2026 · 09:21 AM NO major US trading partner manipulated its currency to gain an unfair trade advantage in 2025, the US Treasury Department said on Thursday (Jul 23), but 10 leading trading partners…
Read MoreGold extends decline as higher energy costs raise rate hike bets
The metal has erased much of the gain from earlier in the week that was largely fuelled by dip-buying Published Fri, Jul 24, 2026 · 08:34 AM — Updated Fri, Jul 24, 2026 · 02:21 PM [SINGAPORE] Gold extended a retreat on Friday (Jul 24) as the widening conflict in the Middle East lifted energy…
Read MoreStocks to watch: SGX, SIA Engineering, Mapletree Industrial Trust, Suntec Reit, ESR Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jul 24): Source link
Read MoreAsian, European buyers in hot pursuit of US crude as wars escalate
The commodity sees high demand, with May American oil exports at a record 5.66 million barrels a day Published Fri, Jul 24, 2026 · 07:54 AM AN UPTICK in Asian and European demand for US crude is among the first signs of mounting concerns over adequate oil supplies amid multiplying geopolitical flashpoints. Attacks against two…
Read MoreSAP CFO says AI must move beyond chatbot ‘low-hanging fruit’ before seeing returns
Applying AI to finance, supply chain or other core processes is more difficult because errors are amplified over multiple steps, Asam said Published Fri, Jul 24, 2026 · 07:26 AM SAP’s finance chief said on Thursday (Jul 23) that artificial intelligence in enterprise software must move beyond chatbots and coding tools into more complex business…
Read MoreHSBC sells Singapore insurance business to Germany’s Allianz in US$2.09 billion deal
Published Fri, Jul 24, 2026 · 07:22 AM HSBC said on Friday (Jul 24) it will sell its Singapore life and health insurance business to Germany’s Allianz, in a deal valuing the unit at S$2.7 billion (US$2.09 billion). REUTERS This is a developing story Source link
Read MoreAllianz to buy HSBC’s Singapore insurance unit for S$2.9 billion
This comes after German insurance giant’s S$2.2 billion bid for a controlling stake in Income fell through [SINGAPORE] HSBC Holdings on Friday (Jul 24) said that it has agreed to sell its life and health insurance business in Singapore to German insurer Allianz for S$2.7 billion. This is part of a broader S$2.9 billion deal…
Read More