Posts by Liam Redmond
Oil climbs to six-week high after Iran dismisses peace talks
The surge has sent Brent futures to levels last seen in early June, before an interim Iran war peace deal that has now unravelled Published Thu, Jul 23, 2026 · 06:19 AM OIL climbed, extending this month’s price jump to nearly 30 per cent, as the US and Iran played down the prospect of peace…
Read MoreSamsung unveils wider foldable phone, hikes prices as chip costs rise
Published Wed, Jul 22, 2026 · 11:20 PM [SEOUL] Samsung Electronics on Wednesday (Jul 22) unveiled a passport-sized foldable phone and raised prices of two updated foldable models, as it grapples with rising memory chip prices while bracing for a new threat from Apple in the niche but growing segment. The South Korean technology company…
Read MoreIndia’s central bank sold US$6 billion in May to defend oil-hit rupee
Published Wed, Jul 22, 2026 · 11:05 PM [MUMBAI] The Reserve Bank of India sold a net US$6.1 billion in the foreign exchange market in May, data released on Wednesday (Jul 22) showed, as a sharp rise in oil prices due to the Iran war pushed the rupee to an all-time low. The RBI said…
Read MoreInvestigators search Deutsche Bank headquarters over legacy tax trades
It marks the third time that prosecutors are known to have searched Deutsche Bank this year Published Wed, Jul 22, 2026 · 10:30 PM [FRANKFURT] German prosecutors searched Deutsche Bank’s Frankfurt headquarters on Wednesday (Jul 22) as they investigate alleged fraudulent tax transactions at its Postbank division between 2008 and 2010. Germany’s largest bank confirmed…
Read MoreMLT to divest China warehouses valued at US$107 million to interested party, Changi South property for S$16.6 million
The moves are in line with its continued portfolio rejuvenation efforts, says its manager [SINGAPORE] Mapletree Logistics Trust (MLT) has entered into agreements for the divestment of two China warehouses for a total of 724 million Chinese yuan (US$107 million). It is also divesting a property in Singapore at 39 Changi South Avenue 2 for…
Read MoreCoinbase to expand Singapore operations, grow headcount to 200 despite global restructuring
[SINGAPORE] Nasdaq-listed crypto exchange Coinbase is looking to grow its Singapore headcount to about 200 by the end of 2026, up from around 150, said Hassan Ahmed, its country director for Singapore. In an interview with The Business Times on Wednesday (Jul 22), he said that the functions expected to grow the most are engineering,…
Read MoreAs COE premiums correct from recent high, more supply could be on the way
Observers say the market has normalised, though strong demand may mean little hope of major price drops [SINGAPORE] Industry observers said that the dip in passenger car Certificate of Entitlement (COE) premiums is an expected correction, after the previous round saw new highs for multiple categories. Anthony Teo, the managing director of automotive group Motorway,…
Read MoreOUE Reit’s H1 DPU jumps 28.6% to S$0.0126
Reasons include stronger hospitality performance and income contribution from Salesforce Tower acquisition [SINGAPORE] OUE Real Estate Investment Trust’s (Reit) distribution per unit rose 28.6 per cent year on year to S$0.0126, from S$0.0098, for the first half ended Jun 30, 2026. The improvement was driven by stronger hospitality performance, the income contribution from the acquisition…
Read MoreCSE Global acquires US telecommunications business for US$8 million
[SINGAPORE] CSE Global has acquired US-based SEI Wireless Solutions for US$8 million, it said in a bourse filing on Wednesday (Jul 22). The deal was completed on Tuesday, with 80 per cent of the cash consideration paid to SEI. “The remaining amount of the consideration shall be payable to (SEI) subject to any post-closing purchase…
Read MoreSingapore shares rise on Wednesday; STI up 1.2%
SGX’s first three US SDRs – Sea, Grab and SpaceX – end their debut with a muted performance Published Wed, Jul 22, 2026 · 06:17 PM [SINGAPORE] Singapore stocks ended higher on Wednesday (Jul 22) as global chip stocks rebounded. The benchmark Straits Times Index (STI) gained 1.2 per cent or 68.70 points to finish…
Read MoreThey built AI. Now Silicon Valley workers protest its threat to jobs and humanity
Silicon Valley residents are increasingly trying to stop the advance of artificial intelligence, even as the region attracts hundreds of billions of dollars in investment to expand the technology’s reach. Companies and workers around San Francisco Bay sparked the global AI explosion. Now, the nation’s tech hub also sits at the center of an intense…
Read MoreIf you watch YouTube, it may owe you $100
If you watch YouTube, it may owe you $100 Source link
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