Posts by Liam Redmond
Herbal medicine stock with no sales rallies 64,000%
[NEW YORK] A biotech stock focused on herbal medicine has surged by more than 64,000 per cent so far this year and yet, the company itself has made zero revenue – much less turned a profit. The unbelievable rally has transformed Regencell Bioscience Holdings Limited, a penny stock as recently as April, to one worth…
Read MoreBOJ to slow pace of bond taper next year as fresh risks emerge
[TOKYO] The Bank of Japan kept interest rates steady on Tuesday and decided to decelerate the pace of its balance sheet drawdown next year, signaling its preference to move cautiously in removing remnants of its massive, decade-long stimulus. The decision came as an escalating Middle East conflict and US tariffs complicate the BOJ’s task of…
Read MoreAmerican Express plans ‘largest investment ever’ in platinum credit card
The New York-based company has faced intensifying competition for premium credit card customers Published Tue, Jun 17, 2025 · 12:07 PM [NEW YORK] American Express (Amex) teased updates coming later this year to its travel-focused Platinum credit cards, announcing what it called its “largest investment ever” in a credit card refresh. “We are going to…
Read MoreJalen Williams’ 40 points move Thunder within win of NBA championship in Game 5 win over Pacers
OKLAHOMA CITY — Jalen Williams had a career playoff-high 40 points, MVP Shai Gilgeous-Alexander added 31 and the Oklahoma City Thunder moved one win from a title by beating the Indiana Pacers 120-109 in Game 5 of the NBA Finals on Monday night. It was the 10th — and by far, the biggest — time…
Read MoreKKR buys Australian off-grid power specialist Zenith Energy
Published Tue, Jun 17, 2025 · 11:33 AM [SYDNEY] KKR has agreed to buy Australia’s Zenith Energy, a provider of off-grid power systems, from a group including Pacific Equity Partners Pty, Opseu Pension Trust and Foresight Group Holdings. The investment firm did not provide a value for the deal, but said in a statement that…
Read MoreDespite law, US TikTok ban likely to remain on hold
[SAN FRANCISCO] US President Donald Trump is widely expected to extend the Thursday deadline for TikTok to find a non-Chinese buyer or face a ban in the United States. It would be the third time Trump put off enforcing a federal law requiring its sale or ban, which was to take effect the day before…
Read MoreYankees’ bats feeble again as scoreless streak hits 20 innings during loss to Angels in extras
Giancarlo Stanton’s return didn’t fix the Yankees offensive ills. Somehow, the offense looked worse. Even with the slugger in the lineup for the first time in 2025, the Bronx Bombers bumbled their way to one of their worst losses of the season. The offense that failed to show up in Boston over the weekend was…
Read MoreRise in ‘harmful content’ since Meta policy rollbacks: survey
[WASHINGTON] Harmful content including hate speech has surged across Meta’s platforms since the company ended third-party fact-checking in the United States and eased moderation policies, a survey showed Monday. The survey of around 7,000 active users on Instagram, Facebook and Threads comes after the Palo Alto company ditched US fact-checkers in January and turned over…
Read More‘Attractive valuations:’ DBS says it’s time to buy these industrial S-Reits on easing trade tensions
[SINGAPORE] The tide could soon turn for underperforming industrial Singapore-listed real estate investment trusts (S-Reits) as the sector looks set for a comeback, with attractive opportunities for re-entry, according to a DBS Group Research report on Thursday (Jun 12). Industrial S-Reits have declined by 5 per cent on average in share price since the beginning…
Read MoreGold recovers as Middle East tensions buoy demand; Fed meeting in focus
[BENGALURU] Gold prices rebounded on Tuesday (Jun 17), as rising tensions between Israel and Iran buoyed demand for the safe-haven asset, while investors looked forward to the outcome of the US Federal Reserve’s policy meeting this week. Spot gold rose 0.5 per cent at US$3,399.90 an ounce, as at 0048 GMT, after dropping more than…
Read MoreIran may get a ‘last chance’ from Trump to accept nuclear deal: report
President Trump reportedly plans to offer Iran a “last chance” to accept a nuclear deal amid Israeli attacks on Tehran. The proposal is expected to keep the Trump administration’s red line that the Iranian regime engage in no uranium enrichment, but could be “slightly better” than a previous offer made about a week and a…
Read MoreBank of Japan to consider slower bond taper as fresh global risks emerge
[TOKYO] The Bank of Japan (BOJ) will consider slowing reductions in its bond purchases next year under a quantitative tightening (QT) plan due on Tuesday (Jun 17), as the bank focuses on avoiding big market disruptions amid growing economic uncertainties. Those deliberations come as the BOJ faces fresh challenges in weaning the economy off a…
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