Posts by Liam Redmond
Dollar steady but set for weekly drop on fading US rate hike bets
Published Fri, Jul 17, 2026 · 08:55 PM [SINGAPORE/LONDON] The dollar held steady on Friday (Jul 17) but was poised for a weekly decline as a tame US inflation report this week led traders to cut bets on imminent rate hikes from the Federal Reserve, although escalating attacks in the Middle East soured sentiment. Iran…
Read More‘Tangible progress’: SIA defends Air India investment in response to Sias
[SINGAPORE] Singapore Airlines (SIA) said its investment in Air India gives the national carrier access to growth opportunities that cannot be fully realised through a single hub model, where flights connect only through one airport. SIA, the only non-Indian airline group with a direct stake in India’s aviation market, owns 25.1 per cent of the…
Read MoreAirbus wins major order from Air China to firm regional hold
The deal adds to a series of successful sales campaigns for the European planemaker Published Fri, Jul 17, 2026 · 07:15 PM [BEIJING] Airbus won an order from Air China for 15 A350-900 widebody aircraft as well as 40 A320neo series for its Shenzhen Airlines subsidiary, with a total transaction value of about US$12.4 billion.…
Read MoreRising fees are changing the role of South-east Asia’s e-commerce enablers
The economics of e-commerce have changed in recent years amid rising marketplace commissions FOR a long time, South-east Asia’s e-commerce enablers rode the region’s online shopping boom by helping brands do one thing better than anyone else: sell on marketplaces. But the economics of e-commerce have changed in recent years. Marketplace commissions have risen across…
Read MoreSingapore stocks fall on Friday as local banks take a hit; STI down 0.5%
Across the broader market, gainers trail losers 226 to 365, after 1.2 billion securities worth S$2.1 billion change hands Published Fri, Jul 17, 2026 · 06:10 PM [SINGAPORE] Singapore stocks ended lower on Friday (Jul 17), amid the city-state’s three banks experiencing declines in today’s session. UOB led the losses among the local banks, and…
Read MoreChinese startup Moonshot’s powerful new AI model closes gap with US rivals
The Kimi K3 is said to outperform all rivals except Anthropic’s Claude Fable 5 and OpenAI’s GPT-5.6 on overall capability Published Fri, Jul 17, 2026 · 05:30 PM CHINESE artificial intelligence pioneer Moonshot touted a model that performs on par with some of the top-tier platforms from OpenAI and Anthropic, the latest sign that the…
Read MoreJapan’s Nikkei slides into correction zone on tech selloff, Middle East conflict
Published Fri, Jul 17, 2026 · 04:20 PM [TOKYO] Japan’s Nikkei tumbled into correction territory on Friday (Jul 17), as a global rout in chipmakers and an escalation in the Middle East conflict prompted investors to shun risk assets. The benchmark Nikkei 225 sank 4.03 per cent to close lower at 64,141.12, after falling as…
Read MorePhilippine bourse seeks to boost retail trading with new reforms
The aim is to attract retail investors away from online gambling and cryptocurrency trading Published Fri, Jul 17, 2026 · 04:02 PM [MANILA] The sole stock exchange in the Philippines is preparing a slew of measures, including new exchange-traded funds, to attract retail investors away from online gambling and cryptocurrency trading. The Philippine Stock Exchange…
Read MoreAsia-Pacific airlines’ 2025 revenues climb 4.3% to US$223.7 billion on travel surge
Combined net profit hit US$12.1 billion, but rising fuel prices cloud outlook for carriers [SINGAPORE] Asia-Pacific airlines’ combined operating revenue in 2025 climbed 4.3 per cent year on year to US$223.7 billion, driven by a surge in international and regional travel. This was supported primarily by a 4.7 per cent rise in passenger revenue to…
Read MoreVolvo Cars scraps sales-growth target due to slump in China
Published Fri, Jul 17, 2026 · 03:35 PM [STOCKHOLM] Volvo Cars scrapped its target of selling more cars this year due to a sharper-than-expected deterioration in China which cut into profitability in the second quarter. The Swedish automaker controlled by China’s Zhejiang Geely Holding Group reported quarterly operating income of 826 million kronor (US$85.4 million)…
Read MoreFinancial astrology: Is the STI really hoping for Spain to win the World Cup
Since 1990, a European winner sees the index rise 8.7%, while a South American winner sees it fall 5.7% [SINGAPORE] On Monday (Jul 20), at 3 am in Singapore, the world will watch Spain and Argentina clash in New Jersey for the 2026 Fifa World Cup. It is a fight between the European and South…
Read MoreIndia’s SBI Funds Management attracts US$31 billion in bids in country’s fourth-most-subscribed IPO
India’s largest asset manager oversees funds worth US$131 billion as of March 2026 Published Fri, Jul 17, 2026 · 01:32 PM INDIA’S SBI Funds Management drew bids worth 3 trillion Indian rupees (US$31.14 billion), making the asset manager’s US$1.03 billion initial public offering (IPO) the country’s fourth-most-subscribed issue. The subscription numbers include US$278.5 million raised…
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