Posts by Liam Redmond
US dollar edges up; keeps yen pinned near 40-year lows
The dollar found its feet after having posted its worst weekly performance since April last week Published Mon, Jul 6, 2026 · 07:56 PM [LONDON] The Japanese yen struggled around four-decade lows on Monday (Jul 6), raising the risk of official intervention, while the US dollar steadied after last week’s soft jobs report lessened the…
Read MoreRussia accused of dumping anthrax-infected cattle carcasses in Ukraine: ‘ Biological terrorism’
Russia is allegedly littering Ukraine with anthrax-infected livestock, dumping cattle carcasses less than a mile away from residential areas in what Ukrainian officials have described as “biological terrorism.” Occupying Russian authorities are placing the tainted carcasses in burial sites in Ukraine’s Kherson region, with as many as 50 locations reported — including 10 that are…
Read MoreNvidia supplier Unimicron seeks US$1.4 billion share sale amid AI boom
An AI frenzy that has lifted the Taiwanese chip supplier’s stock more than 700% over the past 12 months Published Mon, Jul 6, 2026 · 06:57 PM [TAIPEI] Unimicron Technology is seeking as much as US$1.4 billion from a sale of global depositary shares, according to terms of the deal seen by Bloomberg News, capitalising…
Read MoreTrump plans billions in arms sales as NATO summit tests alliance frayed by Iran war: ‘Daddy isn’t going anywhere’
WASHINGTON — One year after President Trump was dubbed “Daddy” by NATO Secretary General Mark Rutte at the annual summit of the Atlantic alliance, the chief executive is returning with plans for billions in arms deals meant to push Europe to boost military spending — and show that “Daddy isn’t going anywhere” . Trump will…
Read MoreSouth Korea’s SK Hynix launches US$28 billion US listing to ride global AI wave
Published Mon, Jul 6, 2026 · 06:22 PM [NEW YORK] South Korean chipmaker SK Hynix on Monday (Jul 6) launched a US share sale to raise 43 trillion won (US$28.07 billion), the company said, as it capitalises on the global AI boom with one of the world’s largest new share sales. The company will sell…
Read MoreWorld absorbs historic Iran war oil supply loss, but depleted stocks bring risks
The global economy has drained the buffers that shield it from supply crises, data from the International Energy Agency indicates [LONDON] The world has absorbed with surprising ease the loss of over a billion barrels of oil supply since the Iran war began, but, with long-term peace elusive and buffer reserves now drained, it still…
Read MoreErika Kirk to face gruesome evidence of husband’s murder at Tyler Robinson hearing this week
Erika Kirk is set to face gruesome evidence from her husband Charlie Kirk’s murder this week as she faces down accused assassin Tyler Robinson in court for a critical hearing. “It’s going to be a tough week on everybody,” a source familiar with the situation said of Charlie’s family and friends planning to attend Tyler…
Read MoreSingapore’s equity market gains raise bar for new IPOs: OCBC
The stronger capital market has rerated local equities, making investors more selective about backing new IPOs [SINGAPORE] Singapore’s initial public offering (IPO) market could face a higher bar, with the S$6.5 billion Equity Market Development Programme (EQDP) lifting valuations of existing Singapore-listed stocks, making it more challenging for new listings to stand out, OCBC said.…
Read MoreJapanese brewer Sapporo Breweries, Carlsberg to invest in US$643 million Singapore-based JV
This expands the parties’ existing partnership in Malaysia, Hong Kong and Singapore to include Vietnam, Laos and Cambodia Published Mon, Jul 6, 2026 · 05:00 PM [TOKYO] Japanese beverage manufacturer Sapporo Breweries said on Monday (Jul 6) that it will form a strategic partnership with Danish brewer Carlsberg, investing about US$643 million for a 25…
Read MoreMarried Australian PM Anthony Albanese breaks silence after coming under fire for saying he’d have sex with Kylie Minogue
Married Australian Prime Minister Anthony Albanese broke his silence Monday after he was heavily criticized for revealing on a podcast he would have sex with pop star Kylie Minogue. “I apologize unequivocally for the comments,” the pol, 63, said. Albanese, who tied the knot in November last year, raised eyebrows when he was asked by…
Read MoreFrom shampoo to cookies, consumer products get an AI makeover
L’Oreal, Nestle and Mondelez are among companies that have adopted the tech to create new offerings Published Mon, Jul 6, 2026 · 04:25 PM [VIENNA] French cosmetics company L’Oreal has used artificial intelligence to identify molecules in its skincare products that can be repurposed for use in shampoo; it can now create products four times…
Read MoreKorean won’s 24-hour trading era begins with cheers, applause
The extended trading hours could boost the nation’s case for an upgrade to MSCI’s developed-market index Published Mon, Jul 6, 2026 · 04:11 PM [SEOUL] As the South Korean won embarked on its first day of 24-hour trading, the country’s Finance Minister Koo Yun Cheol walked onto a bank trading floor to cheers and applause,…
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