Posts by Liam Redmond
USDA to vacate several Washington buildings, relocate staff to regional hubs
The US Department of Agriculture announced Thursday it will relocate much of its staff in the Washington, D.C., area to five regional hubs and vacate several buildings in the nation’s capital, including its flagship research center. No more than 2,000 USDA employees will remain in the Washington area at the conclusion of the reorganization effort,…
Read MoreDear Abby: My son-in-law is awful to me
DEAR ABBY: My daughter has been married to her high school sweetheart for 15 years. Their marriage has been rocky from the start due to her husband’s “God” complex. He’s a spoiled brat and a compulsive liar. He has not only caused mayhem in his own family but has nearly destroyed ours. He was extremely…
Read MoreTech firms to showcase AI innovations in a China under US sanctions
[SHANGHAI] Tech firms huge and small will converge in Shanghai this weekend to showcase their artificial intelligence innovations and support China’s booming AI sector as it faces US sanctions. Chinese companies from heavy hitters Huawei and Alibaba to ambitious startups will dominate the two-day World AI Conference, but Western names like Tesla, Alphabet and Amazon…
Read MoreJPMorgan raises STI target, upgrades real estate sector
[SINGAPORE] Analysts from JPMorgan raised their target on the Straits Times Index (STI), with a higher base and bull target of 4,500 and 5,000, respectively. They also reiterated that Singapore’s equities market is their No 1 “overweight” market in South-east Asia. This comes on the back of interest rate declines, positive tariff news flows, and…
Read MoreChina’s 1.2 trillion yuan dam project lifts metals markets, but isn’t a quick fix for glut
[SINGAPORE] China’s launch of a 1.2 trillion yuan (S$218.5 billion) mega-dam project in Tibet has energised metal markets, though analysts warn that its long timeline and China’s construction downturn would limit the impact of immediate demand. Ferrous markets rallied sharply this week following the Saturday (Jul 19) groundbreaking ceremony attended by Chinese Premier Li Qiang.…
Read MoreAustin Wells hosts baseball event for students on Yankees’ off day
The Yankees woke up to an off day Thursday, a chance to reflect on a tough series in Toronto, relax and maybe get away from baseball for a bit. Slugging catcher Austin Wells found a different way to recharge before a series against the Phillies at the Stadium. Wells hosted a camp for students in…
Read MoreMost Singaporeans are unprepared and underinsured for long-term care: Singlife
[SINGAPORE] Only one in three Singaporeans have taken out additional insurance to cover the cost of long-term care, and more than half of them underestimate actual expenses, revealed a white paper by financial services provider Singlife. “This is alarming, especially when the numbers have shown that more than half of those over 65 will likely…
Read MoreTrump admin appeals to Supreme Court to allow $783M research-funding cuts over DEI
The Trump administration asked the Supreme Court on Thursday to allow it to cut hundreds of millions of dollars’ worth of research funding in its push to roll back federal diversity, equity and inclusion efforts. The Justice Department argued a federal judge in Massachusetts was wrong to block the National Institutes of Health from making $783 million…
Read MoreSony buys stake in ‘Gundam’ owner to grow anime business
Published Fri, Jul 25, 2025 · 11:34 AM [TOKYO] Sony has bought a strategic 2.5 per cent stake in Japanese game franchise giant Bandai Namco, which owns Gundam and arcade classic Pac-Man, with a view to growing its anime business. Booming global appetite for Japanese animation has become a money-spinner for Sony, which acquired online…
Read MoreAsia: Markets turn lower as trade war rally fades
[HONG KONG] Asian stocks fell on Friday as their latest rally ran out of legs, with sentiment weighed by strong US jobs data that saw investors row back their expectations for interest rate cuts. With Japan’s trade deal with Washington out of the way for now, attention was also turning to European Union attempts to reach…
Read MoreGold holds dip as traders pare rate cut bets on US job strength
Published Fri, Jul 25, 2025 · 10:42 AM GOLD held a decline on Friday – but remained on track for a small weekly gain – as resilient US jobs data reinforced views that the Federal Reserve will hold interest rates next week. Bullion traded near US$3,370 an ounce, following a 0.6 per cent loss on Thursday…
Read MoreChina Reits make ‘significant turnaround’, with growth outpacing regional peers: Aprea
[SINGAPORE] Chinese real estate investment trusts, or C-Reits, have outpaced some of their regional peers, including Singapore’s, in the first half of this year. The performance of C-Reits this year reflects a “significant turnaround” for an asset class that had plunged to record lows at the start of last year amid a slowing Chinese economy…
Read More