Posts by Liam Redmond
US dollar steady as investors weigh Middle East jitters against softer inflation data
Lack of clarity on where the US-Iran conflict is headed has left the dollar in limbo Published Tue, Jul 21, 2026 · 08:14 PM [BENGALURU/HONG KONG] The US dollar held steady on Tuesday (Jul 21) as markets balanced signs of escalating tensions in the Middle East against lingering optimism from softer inflation data last week.…
Read MoreThe cold cruelty behind Mamdani’s smug democratic socialist mask
If city government destroys your business, Mayor Zohran Mamdani and local Democratic Socialists of America honcho Gustavo Gordillo want you to know you had it coming. Asked back in April about how his subsidized city-owned grocery stores might harm local businesses, Mamdani smirked, “I look forward to the competition. May the most affordable grocery store…
Read MoreAEM patent infringement dispute continues as Advantest files amended complaint
[SINGAPORE] Semiconductor firm Advantest has filed a first amended complaint against AEM Holdings, extending a patent infringement dispute that started in October 2025. This follows a Jun 29 order by the US District Court for the Southern District of California, which found that California-based Advantest had failed to adequately plead direct or indirect patent infringement.…
Read MoreHPH Trust’s H1 earnings jump to US$62.6 million
[SINGAPORE] Hutchison Port Holdings Trust (HPH Trust) posted an 85 per cent surge in net profit to HK$490.5 million (US$62.6 million) for its first half ended Jun 30, from HK$265.1 million in the previous corresponding period. The trust also declared a distribution per unit (DPU) of HK$0.05 a unit for the half-year, unchanged from the…
Read MoreSpaceX, Sea and Grab debut as SGX’s first US SDRs
[SINGAPORE] Singapore depository receipts (SDRs) of three US-listed companies – Grab, Sea and SpaceX – will begin trading on the Singapore Exchange (SGX) when the market opens on Wednesday (Jul 22). The new additions mark the first US-listed SDRs trading on SGX. Including them, the bourse now offers 38 SDRs across four markets – namely…
Read MoreSingapore stocks gain as regional markets end mixed; STI up 0.5%
Published Tue, Jul 21, 2026 · 06:22 PM [SINGAPORE] Singapore stocks ended higher on Tuesday (Jul 21), with the benchmark Straits Times Index (STI) gaining 0.5 per cent or 27.77 points to finish at 5,526.72. Jardine Matheson led the gainers on Singapore’s blue-chip index, rising 4.4 per cent or US$2.73 to US$65.46. The worst performer…
Read MoreThe biggest Rangers depth chart questions after an offseason facelift
With the bulk of the Rangers’ offseason work complete, the lineup alterations have started to come into focus. Pivotal nuts and bolts from the club’s 2024 run to the Eastern Conference final are still in place, while other parts have been retrofitted to try to fix what plagued the team the previous two seasons and…
Read MoreRisks of autonomous AI agents not yet fully understood: Josephine Teo
The government therefore needs to work with partners to learn from their experience, minister says [SINGAPORE] The use of autonomous artificial intelligence agents poses some level of risks that are yet to be fully understood, warned Minister for Digital Development and Information Josephine Teo on Tuesday (Jul 21). Her comments at the IBM Think on…
Read MoreNovartis profit beats estimates, pointing to growth
Published Tue, Jul 21, 2026 · 05:35 PM [BASEL, SWITZERLAND] Novartis reported higher-than-expected profit last quarter as newer cancer medicines offset the ageing blockbuster Entresto’s loss of sales to generic rivals. Earnings excluding some items were unchanged at US$5.94 billion in the second quarter, the company said Tuesday (Jul 21), topping the US$5.34 billion average…
Read MoreDSA revolutionaries aim to topple the Senate — and the Constitution, too
Political parties tend to harshly reject the idea that they are a threat to the constitutional order, but the Democratic Socialists of America are making it part of their brand. The DSA has released a new program that, besides contemplating the advent of a classless society, calls for abolishing the US Senate, the presidency,…
Read MoreEGP Energy offers 1 million public shares at S$0.51 each in mainboard listing
IPO will close at noon on Jul 27, with trading of shares expected to commence on Jul 29 [SINGAPORE] Electrical infrastructure solutions and services provider EGP Energy Corporation launched its initial public offering on Tuesday (Jul 21), seeking to raise approximately S$30.6 million in gross proceeds ahead of its planned listing on the Singapore Exchange…
Read MoreSingapore bets on AI in healthcare, but success will depend on commercial sustainability
Private sector needs to translate AI productivity gains into cost savings for patients, experts say [SINGAPORE] Artificial intelligence innovations are attracting growing interest from private healthcare players and investors, but translating them into commercially viable applications within the sector can be more difficult. A deep talent pool and strong government support within the ecosystem has…
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