Posts by Liam Redmond
Bank of Japan’s gloomy projections suggest no rate hike this year: ex-top economist
[TOKYO] The Bank of Japan is likely to hold off raising interest rates this year unless a dramatic, positive turn of events in US tariffs allows it to overhaul gloomy projections made in May, its former top economist Seisaku Kameda said. In a quarterly outlook report released on May 1, the BOJ cut its price…
Read MorePEC delists from SGX on Jun 19 in US$165 million acquisition by Liberty Energy Solutions
[SINGAPORE] Engineering company PEC has been delisted from the mainboard of the Singapore Exchange (SGX) as at 9 am on Thursday (Jun 19) after Alliance Energy Services’ offer to privatise the group via a scheme arrangement received shareholder approval in May. The scheme consideration, which amounts to S$0.84 and comprises a payment of S$0.64 per…
Read MoreAlibaba Cloud to start second data centre in South Korea by June
The company operates 87 availability zones across 29 global regions and is China’s largest cloud provider Published Thu, Jun 19, 2025 · 10:47 AM [SEOUL] Alibaba Group Holding will open a second data centre in South Korea by the end of June, accelerating its multibillion-dollar bet on artificial intelligence (AI) and cloud computing. The new…
Read MoreSeatrium partners with Solvang, Norway to establish Carbon Capture and Storage systems
[SINGAPORE] Seatrium announced on Thursday (Jun 19) that it had signed of a letter of intent (LOI) with Solvang, Norway for the installation and retrofitting of full-scale Carbon Capture and Storage (CCS) systems. The project is expected to commence in late 2026, where Solvang’s new series of very large gas carriers, configured specifically for CCS…
Read MoreAnthony Volpe’s brutal error in eighth sinks Yankees as losing skid hits six
The Yankees finally broke their scoreless streak. As for their losing streak, that’s still going strong after another ugly defeat to a sub-.500 Angels team. The 3-2 loss came after Brian Cashman and Aaron Boone preached calm earlier on Wednesday, saying their offense is too good to keep slumping. But Boone also stressed the importance…
Read MoreNAB pays A$751,200 penalty on breaches of consumer data rights rules
Published Thu, Jun 19, 2025 · 09:50 AM AUSTRALIA’S competition watchdog said on Thursday that the National Australia Bank had paid a fine of A$751,200 (S$629,000) over alleged breaches of consumer data right rules due to failures to disclose credit limit data. The penalty, which is the highest ever for alleged breaches of Consumer Data…
Read MoreStandard Chartered cuts jobs in Singapore; moves them to India: Finance jobs portal
[SINGAPORE] Dozens of staff at Standard Chartered have reportedly been laid off in Singapore in a fresh round of job cuts by the London-based bank. The move affected about 80 Singapore-based employees – understood to be from the bank’s technology and operations teams – with their jobs being offshored to India, according to finance jobs…
Read MoreFed’s Powell says he expects to see more tariff-driven price hikes in coming months
[WASHINGTON] Federal Reserve Chair Jerome Powell said on Wednesday goods price inflation will pick up over the course of the summer as President Donald Trump’s tariffs work their way to US consumers, who he argued would bear some of those costs. “Ultimately, the cost of the tariff has to be paid, and some of it…
Read MoreGold rises on Middle East tensions, but Fed’s cautious outlook caps gains
[BENGALURU] Gold prices edged higher on Thursday (Jun 19), supported by safe-haven demand amid uncertainty in the Middle East, although gains were capped as traders assessed the US Federal Reserve’s signal of a slower pace for future rate cuts. Spot gold was up 0.3 per cent at US$3,378.86 an ounce, as at 0033 GMT. US…
Read MoreLuis Torrens’ bizarre balk blunder costs Mets a run
A mistake by catcher Luis Torrens cost the Mets a run in the bottom of the first inning of Wednesday’s game against the Braves in Atlanta. Already down 1-0 with runners on second and third, a pitch into the dirt from starter Paul Blackburn forced Torrens to have to slide to block the ball from…
Read MoreStocks to watch: DBS, UOB, Sats, Far East Orchard, GuocoLand, Elite UK Reit
THE following companies saw new developments that may affect trading of their securities on Thursday (Jun 19): DBS: The lender inked a memorandum of understanding with the the Australian Trade and Investment Commission on Wednesday to deepen investment links between Australia and South-east Asia. The two will collaborate to help Australian companies expand into markets…
Read MoreFidelity, BlackRock target Chinese demand for offshore funds
[HONG KONG] Fidelity International is poised to offer products that attract mainland investors chasing higher returns from overseas funds, according to sources familiar with the matter. The global asset manager is considering seeking approval for products under the decade-old Mutual Recognition of Funds scheme, said the sources, who asked not to be identified because the…
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