Posts by Liam Redmond
Oil settles lower but remains near one-month high amid escalating US-Iran tensions
Iran has asked Yemen’s Houthis to be ready to close the Red Sea oil route if the US strikes Iranian power infrastructure Published Fri, Jul 17, 2026 · 06:28 AM [NEW YORK] Oil prices settled about 1 per cent lower on Thursday (Jul 16) but remained near their highest level since mid-June as the Iran…
Read MoreOil rises on intensifying US-Iran hostilities and threat of Red Sea closure
Iran has told Houthi allies to be prepared to close the Red Sea oil route if the US strikes Iranian power infrastructure Published Fri, Jul 17, 2026 · 06:28 AM — Updated Fri, Jul 17, 2026 · 11:54 AM [PERTH] Oil prices inched higher on Friday (Jul 17) after the US and Iran stepped up…
Read MoreWall Street ends lower as chip weakness offsets solid earnings, upbeat US economic data
The weakness in chips demonstrated the lofty expectations for a sector that has soared by nearly 70% so far in 2026 Published Fri, Jul 17, 2026 · 06:15 AM [NEW YORK] Chip stocks pulled the Nasdaq and the S&P 500 lower on Thursday (Jul 16) as they continued to lead broader market moves despite generally…
Read MoreEuropean shares notch modest gains as US-Iran conflict tempers earnings cheer
Published Fri, Jul 17, 2026 · 05:54 AM EUROPEAN stocks posted slim gains for the third straight session on Thursday (Jul 16), as caution over the Middle East war kept markets in a tight range despite strong earnings. The pan-European Stoxx 600 index inched 0.16 per cent higher to 643.73 points. So far, hopes that…
Read MoreGeo Energy’s new infrastructure unit to boost Ebitda by up to US$350 million annually
Newly operational Marga Bara Jaya integrated unit marks a new source of earnings beyond coal mining [SINGAPORE] Indonesian coal producer Geo Energy Resources said its newly operational Marga Bara Jaya (MBJ) integrated infrastructure unit could add up to about US$350 million in annual earnings before interest, taxes, depreciation and amortisation (Ebitda) over time. The infrastructure…
Read MoreS&P 500, Nasdaq open lower as chip stocks weaken
Published Thu, Jul 16, 2026 · 09:45 PM [NEW YORK] The S&P 500 and the Nasdaq opened lower on Thursday (Jul 15) as chip stocks weakened again, while investors parsed fresh economic data for clues on the health of the economy. The Dow Jones Industrial Average rose 266.2 points, or 0.51 per cent, at the…
Read MoreAbbott raises 2026 profit forecast on strength in diagnostics, heart devices
Abbott’s quarterly sales in its medical devices segment grew 9% to US$5.85 billion Published Thu, Jul 16, 2026 · 09:08 PM [WASHINGTON] Abbott beat estimates for quarterly results and raised its annual profit forecast on Thursday (Jul 16), banking on strong demand for its newly acquired cancer diagnostics business, sending its shares up nearly 4…
Read MoreUS dollar near one-month low as concerns over oil prices remain subdued
Published Thu, Jul 16, 2026 · 08:43 PM [LONDON] The US dollar hovered near its one-month low on Thursday (Jul 16) as investors weighed subdued US inflation data, which dampened rate-hike expectations, against the risk of a further oil price spike that could support the greenback. US Treasury yields fell on Wednesday after a second…
Read MoreLazada, Shopee double down on affiliate marketing to compete with TikTok Shop in South-east Asia
This is also as the e-commerce industry matures, shifting away from a race for scale [SINGAPORE] E-commerce platforms in South-east Asia such as Lazada and Shopee are doubling down on their affiliate marketing programmes to fend off rising competition from TikTok Shop and lower the cost of customer acquisition. Once a challenger in the e-commerce…
Read MoreSingapore stocks fall amid mixed regional showing; STI down 0.4%
Published Thu, Jul 16, 2026 · 06:54 PM [SINGAPORE] Singapore stocks ended lower on Thursday (Jul 16) amid a mixed performance in regional markets. The benchmark Straits Times Index (STI) lost 0.4 per cent or 20.34 points to finish at 5,539.38. Hongkong Land led the gainers on Singapore’s blue-chip index, rising 1.9 per cent or…
Read MoreMeta accused of using AI to pick employees with medical conditions for layoffs
Twenty-six Meta employees sued the social media giant over allegations that the California company used artificial intelligence systems that targeted workers on medical or family leave for layoffs. The lawsuit, filed in a federal court in California this week, accuses Meta of using AI that includes performance rankings and other metrics that didn’t exclude workers…
Read MoreSpaceX stock erases all its gains and slides below IPO price in intraday trading
SpaceX stock dropped below its initial public offering price for the first time on Wednesday, signaling dwindling hype around the Elon Musk company. Shares dipped below their IPO price of $135 on Wednesday morning for the first time since listing, a humbling loss for the stock, which had skyrocketed more than 50% in its first…
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