Posts by Liam Redmond
As Fed chair Warsh sticks to policy silence, colleagues voice their views
Published Thu, Jul 16, 2026 · 08:25 AM US FEDERAL Reserve chairman Kevin Warsh this week declared his determination to bring inflation down without hinting at how, even as some of his central bank colleagues publicly laid out their own views on the economic outlook and interest rates. The contrast highlights the difficulty of gauging…
Read MoreSpaceX shares briefly slip below IPO price for first time as blistering rally unravels
Published Thu, Jul 16, 2026 · 08:06 AM — Updated Thu, Jul 16, 2026 · 12:54 PM SPACEX shares slumped to their lowest level since the rocket, satellite, and artificial intelligence company went public, briefly falling below their initial public offering price, as investor fanfare quickly evaporated in the month since its trading debut. The…
Read MoreGold, AI and more: Five key questions on investors’ minds for H2 2026 answered
Asia equities still have a strong growth story due to ‘reasonable’ valuations, experts say [SINGAPORE] From the outbreak of war in the Middle East causing oil and energy prices to whipsaw, to a continued artificial intelligence build-out shaping global tech stock markets, investors have had a tumultuous first half of 2026. The Business Times looks…
Read MoreStripe, Advent offer to buy PayPal for more than US$53 billion, sources say
The acquisition would create one of the world’s largest global online payments companies STRIPE and private equity firm Advent International have made a joint offer to acquire PayPal for US$60.50 per share, in a deal that would value the payments company at more than US$53 billion, two people familiar with the matter said. The offer, submitted…
Read MoreBlackRock assets hit record US$15 trillion on boost from buoyant markets, ETF inflows
It has increased its planned share buybacks in 2026 to US$2 billion from US$1.8 billion Published Thu, Jul 16, 2026 · 06:58 AM [NEW YORK] BlackRock’s second-quarter profit outpaced Wall Street estimates on Wednesday (Jul 15) as a stock market rally lifted the value of client assets and investors poured money into the company’s exchange-traded…
Read MoreOil steadies after gains as Hormuz ship attacks threaten supply
Crude has soared to its highest in about a month, as escalations in the Iran war revive concerns over flows from the energy-rich region Published Thu, Jul 16, 2026 · 06:36 AM — Updated Thu, Jul 16, 2026 · 12:50 PM [TOKYO] Oil steadied on Thursday (Jul 16) after a three-day rally as the US…
Read MoreOil prices make small gain on smaller US inventory draw
Published Thu, Jul 16, 2026 · 06:36 AM [HOUSTON] Oil prices rose slightly on Wednesday (Jul 15), reacting to stronger-than-expected inventory and largely shrugging off a new wave of US attacks against Iranian military installations that aimed to limit Teheran’s ability to strike shipping in the Strait of Hormuz. Brent futures settled at US$84.95 a barrel, up…
Read MoreEuropean shares eke out slim gains on luxury rebound even as war risks persist
Published Thu, Jul 16, 2026 · 06:21 AM EUROPEAN shares ended on Wednesday (Jul 15) with slim gains as a strong rebound in luxury stocks countered weakness in telecom and technology shares, but escalating Middle East tensions continued to weigh on sentiment. The pan-European Stoxx 600 index inched 0.12 per cent higher to 642.84 points. Investors had…
Read MoreApple gets approval for iPhone AI in China with Alibaba, Baidu
The approval gives it a boost in the world’s most competitive smartphone market Published Wed, Jul 15, 2026 · 10:54 PM [BEIJING] Apple on Wednesday (Jul 15) received long-awaited government approval to roll out Apple Intelligence in China, potentially giving it a boost in the world’s most competitive smartphone market. The Cyberspace Administration of China…
Read MoreWall St opens higher as investors weigh earnings
Published Wed, Jul 15, 2026 · 09:58 PM [NEW YORK] Wall Street’s main indexes opened higher on Wednesday (Jul 15), as investors weighed softer-than-expected producer inflation data and a flurry of corporate earnings, while PayPal surged on report of a US$53 billion takeover offer. The Dow Jones Industrial Average rose 95.9 points, or 0.18 per…
Read MoreBT senior correspondent Ben Paul wins Singapore Press Club finance journalism award
The veteran journalist is ‘one of Singapore’s best-known financial commentators’ [SINGAPORE] The Business Times’ senior correspondent Ben Paul won the Finance Journalism Award at the fifth Singapore Press Club Awards on Wednesday (Jul 15) night. This award, sponsored by CLA Global TS, recognises journalists who show commitment to finance reporting through insightful coverage and clear…
Read MoreGreenback steadies as Middle East escalation counters soft US inflation
Published Wed, Jul 15, 2026 · 09:06 PM [LONDON] The greenback was steady on Wednesday (Jul 15) as investors balanced renewed US strikes on Iran against softer-than-expected inflation data that reduced expectations of a near-term Federal Reserve interest-rate hike. The US dollar was little changed at 162.34 yen. The euro held at US$1.1418, while sterling…
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