Posts by Liam Redmond
Bank of Korea hikes rates for first time in 3-1/2 years to combat inflation, won slump
Published Thu, Jul 16, 2026 · 09:28 AM [SEOUL] South Korea’s central bank raised its benchmark interest rate for the first time in three and a half years to 2.75 per cent on Thursday (Jul 16) as was widely expected to stabilise a slumping won and counter persistent inflationary pressure. The seven-member monetary policy board…
Read MoreBank of Korea hikes rates for first time in 3½ years to combat inflation, won slump
Published Thu, Jul 16, 2026 · 09:28 AM [SEOUL] South Korea’s central bank raised its benchmark interest rate for the first time in three and a half years to 2.75 per cent on Thursday (Jul 16) as was widely expected to stabilise a slumping won and counter persistent inflationary pressure. The seven-member monetary policy board…
Read MoreWorld-famous Tokyo restaurant popping up in LA for just two days as master chef flys in from Japan to serve
One of the world’s most impossible restaurant reservations is coming to Los Angeles, no passport or months-long booking battle required. Tokyo’s Tonkatsu Narikura, widely considered one of the best tonkatsu restaurants on the planet, is bringing its famously elusive dining experience to Brothers Sushi for just two nights this month, per Eater. If you’ve ever…
Read MoreSK Hynix falls 8.4% as Asian equities retreat on chip sell-off, revived AI trade concerns
Investors assess whether strong earnings can sustain the AI rally after sharp swings in semiconductor stocks Published Thu, Jul 16, 2026 · 08:57 AM — Updated Thu, Jul 16, 2026 · 11:16 AM ASIAN stocks declined on Thursday (Jul 16) as fresh selling in semiconductor stocks renewed concerns over the sustainability of the artificial intelligence…
Read MoreAsian equities drop led by Kospi as chip sell-off revives AI trade concerns
Investors assess whether strong earnings can sustain the AI rally after sharp swings in semiconductor stocks Published Thu, Jul 16, 2026 · 08:57 AM — Updated Thu, Jul 16, 2026 · 10:40 AM ASIAN stocks declined on Thursday (Jul 16) as fresh selling in semiconductor stocks renewed concerns over the sustainability of the artificial intelligence…
Read MoreGold steadies as soft US inflation, Iran war risk cloud US Fed rate outlook
Trump has pledged to intensify the bombardment until Teheran stops attacking ships and opens Hormuz Published Thu, Jul 16, 2026 · 08:30 AM GOLD steadied, as traders weighed softer-than-expected inflation data against escalating attacks in the Middle East for clues to the US Federal Reserve’s interest-rate path. Bullion was near US$4,060 an ounce in early…
Read MoreStocks to watch: SIA, Frasers Property, ComfortDelGro, Clar, Lum Chang Creations
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jul 16): Singapore Airlines (SIA) : The national carrier on Wednesday reported a combined 3.7 million passengers flew on SIA and Scoot in June, up 6.3 per cent on the year. Passenger traffic also rose 4.1 per cent year…
Read MoreUOBKH lifts Lum Chang Creations target price on mainboard transfer, order wins
[SINGAPORE] UOB Kay Hian (UOBKH) lifted its target price for Lum Chang Creations on Tuesday (Jul 14) on the back of its mainboard transfer and stronger order wins. The brokerage maintained its “buy” call with a S$0.51 target price, with its previous target price at S$0.39. Lum Chang Creations transferred to the mainboard on Thursday…
Read MoreAs Fed Chair Warsh sticks to policy silence, colleagues voice their views
FEDERAL Reserve Chairman Kevin Warsh this week declared his determination to bring inflation down without hinting at how, even as colleagues publicly laid out their own views on the economic outlook and interest rates. The contrast highlights the difficulty of gauging how the Fed may react as renewed conflict in the Middle East again drives…
Read MoreDUI driver in fake sheriff’s vehicle ironically arrested by California Highway Patrol
A man driving what looked like a law enforcement vehicle ended up on the wrong side of a real traffic stop in San Joaquin County. The California Highway Patrol (CHP) busted Kevin Michael Silva last Monday after he allegedly tried to fake being a sheriff’s deputy while driving drunk. A CHP Stockton officer, working a…
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…
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