Posts by Liam Redmond
False ICE raid rumor spread by California city councilmember spoils popular flea market, hurts local vendors: ‘He scared a lot of Mexicans away’
A popular outdoor flea market in California was left empty after a false rumor about an Immigration and Customs Enforcement raid was spread by a Fresno city councilmember and spun out of control online — ruining the weekend for many vendors who rely on the market for income. Fresno Councilmember Miguel Arias warned of an…
Read MoreGold glimmers near two-month high as Middle East conflict escalates
[BENGALURU] Gold prices rose on Monday (Jun 16), nearing a two-month high as investors sought refuge in safe-haven assets after intensified clashes between Israel and Iran stoked fears of a broader regional conflict. Spot gold gained 0.4 per cent to US$3,447.07 an ounce, as at 0021 GMT, after hitting its highest level since Apr 22…
Read MoreLiberty’s first hiccup a chance to reflect on where they stand
The Liberty on Saturday experienced their first hiccup of the season. New York couldn’t stop the Fever’s 3-point barrage that was led by Caitlin Clark. In her first game back since suffering a quad injury, Clark scored 32 points and made seven of Indiana’s season-high 17 3-pointers. Defensive breakdowns, most notably in the second half,…
Read MoreStocks to watch: Suntec Reit, ESR Reit, Straits Trading Company, Fu Yu
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Jun 16): Suntec Real Estate Investment Trust (Reit); ESR Reit: ESR Group, which is the sponsor of Suntec Reit and ESR Reit is expected to delist from the Hong Kong Stock Exchange on Jul 3 as its shareholders on…
Read MoreHong Kong bourse seeks to woo South-east Asia, Middle East firms for second listings
[HONG KONG] The Hong Kong stock exchange plans to attract listed companies in South-east Asia and the Middle East, in particular, for second listings in the financial hub, its chief executive said, as the bourse looks to burnish its global credentials. Hong Kong Exchanges and Clearing Ltd (HKEX) also sees a pickup in the number…
Read MoreAustralia’s ASX shares slide as regulator launches probe into ‘serious failures’
SHARES of Australian bourse operator ASX dropped on Monday after the country’s securities regulator launched an investigation into the company, citing “repeated and serious” operational failures. Shares of ASX were down 4.4 per cent at A$69.58, as of 0044 GMT, on track for their worst day since March 12, if current losses hold. The stock…
Read MoreNavigating private credit – how it compares with T-bills and publicly issued bonds
[SINGAPORE] Private credit is rapidly gaining traction among retail investors as regulators around the world are giving these individuals more access to private markets in general. Private credit refers to a type of debt negotiated between non-bank lenders and companies that are often below investment grade and unlisted. The asset class flourished after the global…
Read MoreHedge funds reap cash from investors ‘starved’ of Japan exposure
[HONG KONG] Nick Bird’s OQ Funds Management opened a Japan quantitative hedge fund in September. Within weeks, it raised the maximum US$250 million and had to turn away additional money, the former Macquarie Group veteran said. Meanwhile, Sengu Capital’s hedge fund tapping improving corporate management in Japan has tripled assets to US$450 million after trading…
Read MoreTwo disgraced ex-NYC council members seek comebacks in Democratic Party primaries
Anthony Weiner isn’t the only bad boy attempting a comeback for a City Council seat. Ex-Council members Andy King and Ruben Wills are are also seeking redemption at the ballot box in Democratic Party primaries after they were pushed out of office in the face of controversies. King, a former Bronx councilman, was expelled by…
Read MoreGucci owner Kering turns to Renault CEO in turnaround bid
[PARIS] Kering is set to name the chief executive officer of Renault as its next CEO, looking to an Italian manager who’s turned around the French automaker to perform a similar role at the owner of the struggling Gucci fashion label. Luca de Meo will be appointed to the job in the coming days, sources…
Read MoreRussell 2000 looks set for a catch-up with large-cap indices
The Russell 2000 is a stock market index widely recognised as the leading benchmark for small-cap stocks in the US market. The small-cap index has faced a challenging year thus far, underperforming its peers such as the Dow Jones Industrial Average, S&P 500, and Nasdaq indices. At the time of writing on Jun 12, the…
Read MoreAirbus is studying simple A220 stretch to revive flagging model
[LONDON] Airbus has been sounding out customers appetite for a longer version of its A220-300 jet that would give airlines more seating capacity but at the expense of range. With the Paris Air Show kicking off on Monday (Jun 16), the plane that’s been dubbed the A220-500 is again back in focus. Airbus is hoping…
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