Posts by Liam Redmond
Australia’s Star casino shareholders approve A$300 million rescue package
[SYDNEY] Star Entertainment Group’s shareholders approved on Wednesday (Jun 25) an A$300 million (S$250 million) rescue package that will allow the embattled Australian casino group to remain operational, according to a company presentation. The rescue bid is being led by US casino firm Bally’s Corp and the Mathieson family, which is Star’s largest existing shareholder. …
Read MoreFrankie Montas’ signature pitch showed Mets all they needed in solid return debut
Frankie Montas is back in the majors. The veteran pitcher, who made his season debut after being reinstated from the injured list after missing the first 79 games of the season with a lat injury, threw five scoreless innings, striking out five and surrendering three hits and three walks in the Mets’ 7-4 loss. Manager…
Read MoreChina seizes moment to globalise yuan as US dollar doubts mount
[BEIJING] China is launching a sweeping campaign to promote the yuan’s global role, seizing what officials see as a rare strategic opening. With the US dollar facing multiple challenges, Beijing is accelerating its long-standing campaign to reduce global reliance on the world’s reserve currency. What sets the latest push apart is timing: Chinese policymakers see…
Read MoreChina makes pitch for more private cash in cross-border projects
[BEIJING] China’s Finance Minister Lan Fo’an has urged a greater role for private investment in ensuring sustainable funding for cross-border infrastructure, warning that emerging countries are running short of money to spend on development. “World economic growth is slowing down, international development aid funds are declining, and developing countries are generally facing a funding gap…
Read MoreChina urges AIIB to step up cross-border development funding, says global aid drying up
Chinese officials have increasingly emphasised ties with South-east Asia, which last year overtook the EU to become the US$19 trillion economy’s top export market Published Wed, Jun 25, 2025 · 11:22 AM [BEIJING] China’s finance minister on Wednesday (Jun 25) urged the Asian Infrastructure Investment Bank (AIIB) to expand funding for cross-border connectivity projects in…
Read MoreThis was the single most dangerous moment for B-2 pilots during their Iran bombing raid
The B-2 Spirit bombers that obliterated Iranian nuclear facilities in Operation Midnight Hammer were exposed to grave danger in the most pivotal moment during the 25-minute operation in airspace over the Islamic Republic. The seven stealth bombers carried 14 30,000-pound GBU-57 “bunker buster” bombs for more than 18 hours after they were deployed from Whiteman…
Read MoreBenfica bests Bayern Munich in sweltering Group C clincher at FIFA Club World Cup
CHARLOTTE, N.C. — Andreas Schjelderup scored in the 13th minute to give Benfica a 1-0 victory over Bayern Munich in scorching heat on Tuesday, sending the Portuguese club to the top of Group C in the Club World Cup. The loss dropped Bayern Munich to second place as Boca Juniors was eliminated. The game was…
Read MoreBank of Japan board divided over rate pause and inflation risks, June summary shows
[TOKYO] Some Bank of Japan (BBOJ) policymakers called for keeping interest rates steady for the time being due to uncertainty over the impact of US tariffs on Japan’s economy, a summary of opinions at the bank’s June policy meeting showed on Wednesday (Jun 25). Others in the nine-member board said inflation was moving at higher-than-expected…
Read MoreST Engineering divests entire equity interest in US-based construction player LeeBoy for US$290 million
[SINGAPORE] Singapore Technologies Engineering (ST Engineering) on Tuesday (Jun 24) announced that it will be selling its entire equity interest in ST Engineering LeeBoy, a US-based construction equipment manufacturer, for an estimated US$290 million. The net proceeds from the sale will amount to around US$246 million, and will be used for debt repayment, resulting in…
Read MoreTrump’s chip tariff threat sparks pushback from auto industry to tech
[WASHINGTON] Blowback to US President Donald Trump’s idea of tariffs on imported semiconductors is proving to be broad and deep, stretching from auto companies and boat makers to the technology industry and crypto enthusiasts, according to a review of more than 150 public comments on the proposal. The possible levy of up to 25 per…
Read MoreNew Zealand-based Xero forks out over US$2.5 billion to buy US fintech firm Melio
The deal will be funded through a placement to raise US$1.2 billion, a US$400 million unsecured credit facility, among others Published Wed, Jun 25, 2025 · 08:50 AM [BENGALURU] Xero, New Zealand’s information technology giant, said on Wednesday (Jun 25) it would buy US-headquartered fintech firm Melio for an upfront consideration of US$2.5 billion, aiming…
Read MoreStocks to watch: Sembcorp Industries, ST Engineering, Frasers Centrepoint Trust
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jun 25): Sembcorp Industries: The company’s wholly owned subsidiary, Sembcorp Financial Services, announced the issuance of S$300 million notes under its S$5 billion Euro Medium Term Note programme established in July 2023. The fixed rate guaranteed notes are priced at…
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