Posts by Liam Redmond
US dollar drifts with oil; Gulf tensions, Fed minutes in focus
Published Thu, Jul 9, 2026 · 08:34 PM [LONDON] The US dollar backed off this week’s highs on Thursday (Jul 9) as the United States and Iran carried out renewed attacks, despite a spike in oil prices that rekindled concerns about inflation and boosted expectations the Federal Reserve could soon raise interest rates. Minutes on…
Read MorePepsiCo beats revenue estimates, flags pressure from tighter consumer budgets
The beverage giant benefited from resilient demand for zero-sugar sodas in some of its key markets Published Thu, Jul 9, 2026 · 07:04 PM [LONDON] PepsiCo beat Wall Street estimates for second-quarter revenue on Thursday (Jul 9), as the beverage giant benefited from resilient demand for zero-sugar sodas in some of its key markets. The…
Read MoreAir India chair to oversee firm with interim panel; CEO search continues, source says
The Singapore Airlines investee has faced scrutiny after safety lapses and a crash in India that killed 260 people in 2025 Published Thu, Jul 9, 2026 · 06:29 PM [NEW DELHI] Air India chairman N Chandrasekaran is setting up an interim committee of senior executives, including himself, to oversee the airline during the search for…
Read MoreSingapore stocks rise as oil prices spike; STI up 1.2%
Published Thu, Jul 9, 2026 · 06:07 PM [SINGAPORE] Singapore stocks ended higher on Thursday (Jul 9). The benchmark Straits Times Index (STI) gained 1.2 per cent or 64.31 points to finish at 5,433.88. Singapore Exchange led the gainers on Singapore’s blue-chip index, rising 2.5 per cent or S$0.61 to S$24.62. The worst performer among…
Read MoreMeta’s new AI image generation tool raises alarm in Hollywood
Influencers under Kyle Hjelmeseth’s talent management firm build their Instagram presence on lived experience. Their control over that image and likeness got shakier Tuesday when Instagram’s parent company Meta rolled out Muse Image — a tool that lets people take publicly posted Instagram photos and use AI to generate new images from them. Many accounts…
Read MoreAsia growth improves but ADB warns of persistent headwinds
The bank forecasts the region’s economy will expand 4.9% in 2026, up from the 4.7% estimate in a special update earlier Published Thu, Jul 9, 2026 · 04:37 PM [MANILA] Economic growth across Asia is expected to remain subdued despite a modest improvement in outlook, as lingering disruptions from the conflict in the Middle East…
Read MoreDutch central bank fines ABN Amro for customer due diligence failings
Published Thu, Jul 9, 2026 · 04:27 PM [Amsterdam] Dutch bank ABN Amro was fined US$9.9 million by the Dutch central bank DNB for structural shortcomings in due diligence checks on high-risk customers in files reviewed between September 2023 and September 2024. ABN Amro said it accepted the fine and regretted failing to meet the…
Read MoreTata Group targets US$100 billion revenue from auto units by 2031
Jaguar Land Rover is expected to contribute US$45 billion to US$50 billion of revenue Published Thu, Jul 9, 2026 · 03:55 PM [MUMBAI] Tata Group is targeting about US$100 billion in automotive revenue by the year ended March 2031, chairman Natarajan Chandrasekaran said, outlining growth plans across its four automotive businesses following the demerger of…
Read MoreHow Temasek is leveraging AI for better all-round performance
It plans to grow AI-linked investments from 6% to 15% of its portfolio, says Temasek Global Investments’ CEO [SINGAPORE] As markets remain caught up in the latest hype over SpaceX and artificial intelligence, investment company Temasek has been quietly focused on tapping AI’s potential to see where it can be used to boost its portfolio.…
Read MoreBank of Japan sees growing inflation pressures from Middle East war
In its quarterly report on the country’s regional economies, the central bank maintains its assessment for all nine areas Published Thu, Jul 9, 2026 · 03:46 PM [TOKYO] The Bank of Japan (BOJ) said on Thursday (Jul 9) that the US-Israeli war on Iran is likely to prod more firms to raise prices later this…
Read MoreSingapore’s competition watchdog seeks feedback on Texas Instruments’ proposed acquisition of Silicon Labs
Both entities are Nasdaq-listed companies with global activities extending to the city-state [SINGAPORE] Singapore’s competition watchdog has launched a public consultation on Texas Instruments’ (TI) proposed acquisition of wireless technology company Silicon Laboratories. The Competition and Consumer Commission of Singapore (CCS) accepted a joint application from both parties on Jul 3 to evaluate the proposed…
Read MoreAs US-Iran war resumes, volatility returns to SIA, Oiltek shares
[SINGAPORE] As peace talks fail in the Middle East and the Strait of Hormuz – through which 20 per cent of global oil would have normally flowed – effectively closes again, markets and economies are bracing for the fallout from a sustained spike in oil and gas prices. Shares of Oiltek closed 6.3 per cent…
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