Posts by Liam Redmond
Liquidators file legal proceedings against Standard Chartered Bank over 1MDB fraud
Published Tue, Jul 1, 2025 · 01:49 PM [KUALA LUMPUR] Liquidators seeking to recoup misappropriated funds from Malaysia’s sovereign wealth fund 1MDB have initiated legal proceedings against Standard Chartered Bank in the High Court of Singapore, they said in a statement dated Jun 30. The liquidators are seeking to hold the bank accountable for its…
Read MoreStandard Chartered Bank faces US$2.7 billion lawsuit over alleged role in 1MDB fraud
The move is the latest in a wide-ranging effort to recover money belonging to 1Malaysia Development Berhad Published Tue, Jul 1, 2025 · 01:49 PM — Updated Tue, Jul 1, 2025 · 02:25 PM [KUALA LUMPUR] Liquidators seeking to recoup misappropriated funds from Malaysia’s sovereign wealth fund 1MDB have filed legal proceedings against Standard Chartered…
Read MoreChina raises quota for foreign investment, ending 13-month pause
The QDII programme allows local institutional investors who meet certain conditions to buy foreign securities, bonds, and commodities within their prescribed limit Published Tue, Jul 1, 2025 · 01:42 PM [BEIJING] China has increased the amount of money that approved investors can put into overseas assets for the first time since May last year as…
Read MoreChinese automakers grab record hybrid market share in Europe
[LONDON] Chinese automakers continued to expand their European foothold in May, capturing the highest share ever of hybrid-car sales and the biggest slice of the electric vehicle (EV) market in 10 months. Manufacturers led by BYD and Saic Motor’s MG surpassed 9 per cent share in both of those categories, based on figures from industry…
Read More‘Dancing with the Stars’ adds ‘Mormon Wives’ stars Whitney Leavitt and Jen Affleck to Season 34
Two Mormon wives are heading to the ballroom! At the end of the Secret Lives of Mormon Wives reunion—which dropped on Hulu today—Whitney Leavitt and Jen Affleck received the news that they would be competing against each other on Dancing with the Stars Season 34. Most of the MomTok influencers auditioned for the dancing competition…
Read MoreChinese money fires up Hong Kong shares
[SHANGHAI/HONG KONG] Chinese investors are piling into Hong Kong shares lured by lower valuations and the city’s strategic position in China’s growing rivalry with the United States. A record US$90 billion of cash from the mainland has driven a stellar 21 per cent rally in Hong Kong stocks in the first half of 2025, reshaping…
Read MoreAl Hilal eliminates Manchester City in extra time for massive FIFA Club World Cup upset
Marcos Leonardo scored his second goal of the match in the 112th minute to give Al Hilal a 4-3 upset victory over Manchester City on Monday night in Orlando, sending the Saudi Arabian side into the quarterfinals of the Club World Cup. Malcom and Kalidou Koulibaly also scored for Al Hilal, who got 10 saves…
Read MoreAsia: Stocks rise on trade deal hopes, Tokyo hit by tariff warning
[HONG KONG] Asian stocks rose on Tuesday amid optimism countries will strike US trade deals, though Tokyo’s Nikkei sank after Donald Trump threatened to impose a fresh tariff rate on Japan as he hit out at the country over rice and autos. The dollar also extended losses as investors grow increasingly confident the Federal Reserve…
Read MoreKKR starts financial advisory platform to widen choices for Singapore consumers
[SINGAPORE] Global asset manager KKR has started a platform for financial advisory (FA) firms that will give customer more choices. Launched on Tuesday (Jul 1), Ascend Asia brings together independent FA firms under one roof while allowing each to retain its individual strengths and culture. With KKR as a strategic shareholder and long-term investor, the…
Read MorePwC Singapore appoints 11 new partners across different practices
[SINGAPORE] PwC Singapore has named 11 new partners as it responds to increasing demand for industry-focused advice and cross-border capabilities. The appointments spanned a wide range of sectors, including financial services, technology, healthcare, logistics and real estate. PwC Singapore’s executive chairman Marcus Lam said: “Each of our new partners embodies the best of our firm…
Read MoreESPN, MLB renew media rights talks after ugly split
There is still hope that MLB will not be leaving ESPN. The two sides have resumed talks to explore the possibility of extending their partnership, according to The Athletic. This comes after it was announced in February that the sides were opting out of the remaining three years of a $550 million contract. That meant…
Read MoreYankees blow two-run lead on ground ball barrage in frustrating loss to Blue Jays
TORONTO — It was not death by a thousand paper cuts for the Yankees, but almost. More like death by four ground balls to the hole between shortstop and third base, which turned a two-run lead into a two-run deficit in the sixth inning. The frustrating sequence, which also included a pair of errors, was…
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