Posts by Liam Redmond
Korea’s world-beating stocks are now trading cheaper than ever
Published Sun, Jul 12, 2026 · 10:17 AM [SEOUL] South Korea’s blistering stock rally has left investors facing an unlikely backdrop: equities trading at record-low valuations. The Kospi has climbed around 80 per cent this year to a series of record highs, yet analyst earnings upgrades have been even faster. Surging profits at memory chip…
Read MoreMeta scraps AI image feature days after launch following privacy backlash
Muse Image faces backlash over privacy concerns and being an automatic opt-in for users Published Sat, Jul 11, 2026 · 12:49 PM [MEXICO CITY] Meta said on Friday (Jul 10) it is discontinuing an artificial intelligence feature launched this week that allowed users to generate images using public Instagram accounts, after drawing widespread criticism over…
Read MoreApple sues OpenAI for trade secret theft in pivotal case
The iPhone maker says the ChatGPT creator encouraged its staff to share information and materials related to upcoming products Published Sat, Jul 11, 2026 · 10:29 AM [LOS ANGELES] Apple sued OpenAI for trade secret theft, accusing the artificial intelligence startup and its hardware chief of engaging in a coordinated campaign to steal information about…
Read MoreOil eases as US, Iran continue talks after renewed fighting
West Texas Intermediate falls 0.9% to settle near US$71 a barrel, but still notches a weekly gain of roughly 4% Published Sat, Jul 11, 2026 · 09:23 AM OIL prices slipped as the US and Iran appear set to continue talks following a flare-up in attacks that strained their ceasefire and deterred tanker traffic through…
Read MoreEuropean shares snap four-week winning streak on tech selloff, US-Iran war
The Stoxx 600 lost 1.8% as investors dialled back hopes for the energy supply shock easing soon Published Sat, Jul 11, 2026 · 09:09 AM [BENGALURU] European shares ended a four-week winning streak on Friday (Jul 10), buffeted by an unwind in tech stocks and resurgent tensions in the Middle East that rattled oil markets.…
Read MoreS&P 500 rises before earnings as SK Hynix debuts
In the final stretch of a week of gains for equities, the S&P 500 approaches record highs Published Sat, Jul 11, 2026 · 08:58 AM WALL Street traders drove stocks higher in the countdown to the earnings season, with SK Hynix jumping in its debut and the market parsing the latest geopolitical developments. In the…
Read MoreNobel Prize winner leaving UC Berkeley for new role in China
Nobel Prize recipient Omar Yaghi is leaving his role at UC Berkeley to lead the development of a new artificial intelligence institute at Tsinghua University in Beijing, the Chinese university announced. Yaghi will head the AI Chemistry and Materials Research Institute at Tsinghua, where he was appointed an honorary professor in 2022. Known as AIMATRY…
Read MoreDelta signals fare hikes will stay as resilient demand cushions fuel-cost hit
Published Fri, Jul 10, 2026 · 10:20 PM [CHICAGO] Delta Air Lines reaffirmed its full-year profit forecast and provided a stronger-than-expected third-quarter outlook on Friday (Jul 10), signalling confidence that recent fare gains can hold even as fuel prices ease from this year’s highs. The forecast from the first major US carrier to report results…
Read MoreWall St opens steady ahead of SK Hynix listing; Middle East in focus
Published Fri, Jul 10, 2026 · 09:44 PM [NEW YORK] Wall Street indexes steadied at open on Friday (Jul 10), as investors awaited the highly anticipated Nasdaq debut of South Korean chip bellwether SK Hynix, while the latest escalations in the Middle East conflict fanned fears of inflation. The Dow Jones Industrial Average rose 135.5…
Read MoreYen climbs as Japan lures pension funds into domestic assets
Published Fri, Jul 10, 2026 · 08:44 PM [LONDON/SINGAPORE] The yen bounced on Friday (Jul 10) on news that Japan plans to encourage pension funds to increase their holdings of domestic financial assets, a move analysts said could offer more support to the battered currency than intervention. Japanese Finance Minister Satsuki Katayama said the government…
Read MoreSuntec Reit appoints Celine Tang as board chairman, non-executive director
She will also be appointed to the board’s nominating and remuneration committee [SINGAPORE] Property tycoon Celine Tang has been appointed as chairman and non-executive director to the board of Suntec Real Estate Investment Trust’s (Reit) manager. Tang, 58, will also be appointed to the board’s nominating and remuneration committee, the manager said in a bourse…
Read MoreIndonesia’s Amman Mineral said to consider Hong Kong listing
Published Fri, Jul 10, 2026 · 07:19 PM [JAKARTA] One of Indonesia’s biggest copper and gold producers, PT Amman Mineral Internasional, is considering a second listing in Hong Kong, according to people familiar with the matter. Amman Mineral, which trades in Jakarta, is seeking to hire banks to work on the Hong Kong offering, the…
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