Posts by Liam Redmond
Hong Kong Monetary Authority says outlook for local currency uncertain
The city’s de-facto central bank has made the comments in response to the US Federal Reserve’s overnight decision to keep rates unchanged Published Thu, Jun 19, 2025 · 02:13 PM [HONG KONG] The Hong Kong Monetary Authority (HKMA) said on Thursday (Jun 19) the outlook for the direction of the Hong Kong dollar and for…
Read MoreVietnamese dong drops to record low as Asian currencies weaken
Published Thu, Jun 19, 2025 · 01:38 PM [MANILA] The Vietnamese dong fell, dropping below a record low it touched in April, as Asian currencies declined following a report that the US is preparing for a possible strike on Iran. The dong fell 0.1 per cent to 26,130 per US dollar on Thursday (Jun 19),…
Read MoreTexas teen plunges 50 feet to his death over waterfall in Olympic National Park while on graduation trip
A Texas teen plunged off a 50-foot waterfall to his death while on a trip with his friends celebrating their high school graduation at Washington state’s Olympic National Park. Grant Herridge, who attended Vanguard College Preparatory in Waco, Texas, had traveled to the Olympic National Park in the northwest corner of Washington with friends after graduating…
Read MoreLatest Singapore six-month T-bill cut-off yield falls to 2%
It is the seventh consecutive issuance since Mar 26 for which yields have declined [SINGAPORE] The cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) inched down to 2 per cent, based on auction results released by the Monetary Authority of Singapore on Thursday (Jun 19). This was a slight decrease from the 2.05 per…
Read MoreChina’s EV powerhouse BYD accelerates into Europe’s heartland
[LONDON] A synchronised flock of drones lit up the sky above Rome’s Olympic Stadium last month to mark the European launch of the latest electric hatchback from Chinese carmaker BYD. Against the blackened night, the glowing orbs outlined an image of the new Dolphin Surf in front of classic Roman landmarks such as the Colosseum,…
Read MoreGlobally diversified equities remain attractive amid yet another Fed pause: analysts
[SINGAPORE] Analysts continue to favour globally diversified equities, as the US Federal Reserve kept interest rates unchanged on Wednesday (Jun 18). In its latest meeting, the Federal Open Market Committee (FOMC) agreed to leave the central bank’s benchmark interest rate unchanged in the 4.25 to 4.5 per cent range, citing a healthy labour market and…
Read MoreUS recovers US$225 million stolen in crypto scam
Published Thu, Jun 19, 2025 · 12:15 PM [NEW YORK] The US government said on Wednesday it recovered US$225 million in the largest seizure yet of money stolen in a cryptocurrency confidence scam. The FBI and the US Secret Service used blockchain analyses and other investigative techniques to determine that these millions came from the…
Read MoreJapan firms exit Tokyo exchange at record pace in delisting rush
[TOKYO] Japanese companies are leaving the Tokyo Stock Exchange (TSE) at the fastest pace in over a decade, reflecting a surge in deals and management buyouts as they face more pressure to make better use of their capital. The number of firms that delisted their shares from the TSE or announced plans to do so…
Read MoreAsia: Stocks drop after Fed warning, oil dips with Middle East in focus
[HONG KONG] Asian stocks fell on Thursday after the Federal Reserve warned Donald Trump’s trade war would likely reignite US inflation and dampen economic growth, while oil prices edged down as investors awaited developments in the Israel-Iran conflict. While geopolitical tensions are the key focus for markets, traders were also watching the US central bank’s…
Read MoreMeet Mark Walter, the billionaire who agreed to buy Lakers in historic $10B deal
After shelling out a record-breaking sum of approximately $10 billion, Mark Walter is soon to be the new owner of the Lakers. The 65-year-old Walter, a businessman with a net worth of $12.5 billion, according to the Bloomberg Billionaires’ index, agreed to buy the Lakers from the Buss family in the largest-ever sale of a…
Read MoreShell is being ‘very careful’ with shipping in the Middle East: CEO
Published Thu, Jun 19, 2025 · 11:36 AM [TOKYO] Shell CEO Wael Sawan said on Thursday the oil and gas major was being “very careful” with its shipping through the Middle East given the escalating conflict between Israel and Iran. The Iran-Israel air war entered a seventh day on Thursday with President Donald Trump keeping…
Read MoreCoinbase launches stablecoin payments service for e-commerce
[NEW YORK] Coinbase Global is launching a platform designed to make stablecoins a go-to payment method for online transactions, a potentially big leap forward in the mainstream adoption of cryptocurrencies meant to track the US dollar. The announcement follows the passage of landmark stablecoin legislation in the US Senate on Tuesday (Jun 17) and comes…
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