Posts by Liam Redmond
CEO’s wealth hits US$33 billion as unprofitable Chinese medicine firm’s stock soars
[NEW YORK] A blistering rally in a tiny, money-losing traditional Chinese medicine company’s stock has vaulted its founder’s net worth to among the world’s largest fortunes. The firm, Hong Kong-based Regencell Bioscience Holding, was for all intents and purposes trading as a microcap stock on the Nasdaq just eight weeks ago. But its shares have…
Read MoreTatum O’Neal, ex-husband John McEnroe reunite at son Kevin’s California wedding
Tatum O’Neal finally had her long-awaited reunion with ex-husband John McEnroe at their son Kevin’s wedding. The Oscar-winning actress, 61, and tennis ace, 66, attended Kevin McEnroe’s nuptials with theater actress Fern Cozine on June 14 in Napa, California. For the ceremony, Kevin, 39, rocked a classic white tuxedo paired with a black bowtie and black…
Read MoreDefence, oil and other names: Analysts look at ways to invest amid Israel-Iran conflict
[SINGAPORE] Recent attacks between Israel and Iran have caused investors to mull over where to place their bets next, especially with defence names rallying, as well as gold and oil prices spiking. Overall, global defence contractors on average rallied as much as 4 per cent in the initial reaction after the Israel-Iran attacks, Morningstar noted.…
Read MoreChina’s rare earth exports slump in May as magnet sales curbed
The data for last month shows the extent to which export controls in place since early April had curbed shipments Published Wed, Jun 18, 2025 · 03:29 PM [BEIJING] China’s exports of rare earth products – including powerful magnets now at the heart of tensions with the US – slumped to a fresh five-year low…
Read MoreHuman remains found near Taylor Swift’s mansion identified
The human remains found in a ritzy Rhode Island beach town near pop icon Taylor Swift’s mansion have been identified as police close the investigation. The remains washed ashore on May 14 in the wealthy coastal enclave of Watch Hill, part of the town of Westerly, Rhode Island, just down the beach from a sprawling…
Read MoreJD.com billionaire unveils turnaround plan after five-year slump
[BEIJING] JD.com founder Richard Liu vowed to speed up an overseas foray and compete with Meituan in new arenas from food delivery to travel, describing his boldest attempt yet to revive an online retailer that’s languished since a 2020 government crackdown. The past half-decade was the darkest period for his company, Liu said during a…
Read MoreEDB, US aerospace giant RTX sign MOU to invest, partner in AI and skills development
The deal, which details a 10-year roadmap to further long-term strategic collaboration, affirms Singapore’s role as a key hub for RTX’s global operations [SINGAPORE] The Singapore Economic Development Board (EDB) and US aerospace conglomerate RTX announced on Wednesday (Jun 18) that they have inked a memorandum of understanding (MOU) detailing a 10-year roadmap to further…
Read MoreWilmar to buy over Nigeria-incorporated palm oil business from British JV partner for US$70 million
[SINGAPORE] Wilmar International is buying the remaining stake it does not already own in a Nigeria-incorporated palm oil business from its joint-venture (JV) partner, British manufacturer PZ Cussons, for US$70 million. Once its acquisition of the 50 per cent equity stake in PZ Wilmar held by the London Stock Exchange-listed company is complete, Wilmar will…
Read MoreCalifornia teen to receive $1M payout after court upholds verdict over her ex-friends’ bullying campaign
A California appeals court upheld a verdict ordering a Los Angeles County school district to pay $1 million to a former student who was the target of a relentless, months-long bullying campaign that included death threats. On Friday, the El Segundo Unified School District in Los Angeles County lost its appeal of a 2022 court…
Read MoreChina car trade-in subsidy halted in some areas as funds run low
[HONG KONG] China’s trade-in subsidy to boost sales of electric and fuel-efficient vehicles has been suspended in key cities across at least six provinces as funds run short and officials scrutinise the prevalence of ‘zero-mileage’ used cars. Cities in provinces including Guangdong, Henan and Zhejiang have suspended the programme, which gives consumers up to 20,000…
Read MoreHoi Hup Realty clinches resolution to grant planning consent for London ‘High Holborn’ project
[SINGAPORE] Hoi Hup Realty on Wednesday (Jun 18) secured a resolution to grant planning consent from the City of London Corporation for the “High Holborn” project, an office-led regeneration of a 1.4-acre island site. The project area comprises three buildings in London – at 322 High Holborn, Holborn Gate and 44 Southampton Buildings. The “High…
Read MoreMets blow late lead in crushing 10-inning loss to Braves for fourth straight defeat
ATLANTA — As badly as the Braves have performed this season, there is something about playing the Mets, particularly in Truist Park, that brings out their late-inning heroics. Tuesday night the Mets appeared to be sailing, but the wind suddenly changed and the boat capsized. A three-run lead disappeared in the eighth before Austin Riley…
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