Posts by Liam Redmond
S&P 500, Nasdaq open lower as Iran tensions jolt sentiment, chip stocks slide
Published Mon, Jul 13, 2026 · 09:48 PM [NEW YORK] The S&P 500 and the Nasdaq opened lower on Monday (Jul 13), as a fresh escalation between the US and Iran in the Gulf pushed oil prices higher and unsettled investors, while chip stocks also came under pressure. The Dow Jones Industrial Average rose 39.5…
Read MoreOpec further lowers 2026 global oil demand growth forecast
Published Mon, Jul 13, 2026 · 09:44 PM [LONDON] Opec on Monday (Jul 13) lowered its forecast for world oil demand growth in 2026 to 780,000 barrels per day, a copy of its monthly report showed, marking the third straight downward revision. The producer group continues to see a smaller impact on consumption since the…
Read MoreEuroSports Global unit Scorpio Electric’s motorcycle now road-legal
[SINGAPORE] Electric-motorcycle enthusiasts, rejoice. Singapore electric-motorcycle manufacturer Scorpio Electric announced on Monday (Jul 13) that its flagship Lambda Scorpii model is now registered for use on the Republic’s roads. Following an earlier conditional type approval from the Land Transport Authority (LTA) announced in June, the company’s Singapore-registered electric motorcycle is now fully road-legal. The Lambda…
Read MoreUS dollar wavers amid renewed Iran attacks, yen slides on pensions doubts
Published Mon, Jul 13, 2026 · 08:25 PM [SINGAPORE/LONDON] The US dollar slipped on Monday (Jul 13) after giving up earlier gains as investors focused on renewed hostilities in the Gulf, while the yen slid following a Reuters report that Japan had no immediate plan to change state pension funds’ asset allocations. The US currency…
Read MoreVolkswagen CEO threatens 50,000 more job cuts in memo to staff
Published Mon, Jul 13, 2026 · 07:27 PM [BERLIN] Volkswagen could cut around 50,000 additional jobs based on calculations aimed at bringing the carmaker into line with the cost competitiveness of other companies, CEO Oliver Blume told staff in an internal memo seen by Reuters on Monday (Jul 13). After already agreeing to 50,000 job…
Read MoreLum Chang Creations to move to SGX mainboard on Jul 16
[SINGAPORE] Urban revitalisation specialist Lum Chang Creations will transfer its listing from the Catalist board to the mainboard of the Singapore Exchange (SGX) on Thursday (Jul 16), the firm said on Monday. Lum Chang Creations was spun off from mainboard-listed Lum Chang – a property management, interior design and construction company – after an internal…
Read MoreCapitaLand disbands special opportunities team
The group will still look at special situations deals if opportunities emerge, said a person familiar with the matter Published Mon, Jul 13, 2026 · 06:33 PM [HONG KONG] Singaporean asset manager CapitaLand Investment has disbanded its special opportunities team, bringing an end to a dedicated unit that was set up to pursue investment strategies…
Read MoreSingapore shares inch up 0.02% on Monday after US and Iran exchange attacks
Published Mon, Jul 13, 2026 · 06:24 PM [SINGAPORE] Singapore stocks ended slightly higher on Monday (Jul 13), amid a lack of clarity on whether the Strait of Hormuz is open for shipping. This comes as the US and Iran exchanged new strikes overnight, with both parties issuing contrarian statements on the state of the…
Read MoreLargest public fast-charging hub for electric commercial vehicles opens in Jurong
[SINGAPORE] Drivers of electric buses and trucks now have access to Singapore’s largest public fast-charging hub for commercial electric vehicles (EVs), which opened in Jurong on Monday (Jul 13). Located at 2E Jalan Papan, which houses the JIC Inspection Centre, the hub has 46 charging points: six on level one and 40 on level five.…
Read MoreWith AI character Tilly Norwood set for feature-film debut, Hollywood debates what it means to be an actor
For most of Hollywood’s history, the word “actor” has required little explanation. Actors search for emotional truth in imaginary lives. They collaborate with directors and scene partners, endure 4 a.m. call times and, if everything goes right, thank their agents while collecting awards. Tilly Norwood has done none of those things. That’s because Tilly exists…
Read MoreShein scheduled for Hong Kong IPO hearing on Jul 16, sources say
Published Mon, Jul 13, 2026 · 05:05 PM [LONDON/ HONG KONG] Fast-fashion retailer Shein is scheduled for a Hong Kong initial public offering (IPO) hearing with the city’s stock exchange on Thursday (Jul 16), two sources with knowledge of the matter said, a step which will bring it closer to its much-awaited market debut. The…
Read MoreSinopec deepens aviation fuel push with CNAF restructuring
Published Mon, Jul 13, 2026 · 03:57 PM [BEIJING] China’s Sinopec said it had completed the restructuring of China National Aviation Fuel (CNAF), the country’s dominant jet fuel distributor, according to a company statement on Friday (July 10). Sinopec, China’s biggest refiner by capacity, said the restructuring of CNAF would strengthen China’s aviation fuel supply…
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