Posts by Liam Redmond
Philippines eyes India, Thailand rice to cut Vietnam reliance
[MANILA] The Philippines, the world’s top rice importer, plans to look beyond its dominant supplier, Vietnam, to ensure steady supplies and competitive prices at home. The agriculture department is in talks with private importers on purchases from producers such as India, Pakistan, Cambodia and Myanmar, Agriculture Secretary Francisco Tiu Laurel said on Friday (May 30).…
Read MoreBYD faces growing backlash over EV price war as May sales jump
[HONG KONG] BYD shares continued their plunge despite monthly sales climbing to the highest this year as the steep discounts the industry uses to entice buyers draws scrutiny from Beijing. The electric vehicle (EV) manufacturer sold 382,476 vehicles last month, including 376,930 passenger cars, according to a statement on Sunday (Jun 1). While that marked…
Read MoreAsia: Stocks fall as Trump fires fresh volley in trade war
[HONG KONG] Asian stocks sank on Monday (Jun 2) after US President Donald Trump last week lobbed a fresh trade missile by doubling tariffs on steel and aluminium and accused China of violating last month’s agreement to slash tit-for-tat levies. The US president’s comments were followed by claims by his commerce secretary that Beijing had…
Read MoreMets’ Clay Holmes hits new benchmark in longest start of career
The evolution of Clay Holmes took its next form Sunday, when a pitcher who has proven he can be a solid starter began proving he can be a lengthy starter, too. The former Yankees reliever had been strong in his first 11 starts as a Met, but had not recorded an out in the seventh…
Read MoreColorado walk firebombed by terrorist who shouted ‘Free Palestine’ was peaceful weekly demonstration supporting Hamas hostages: ‘This was not a protest’
“This was a humanitarian walk. This was not a protest,” said Rachel Amaru, a member of the Boulder Run For Their Lives chapter. “I’m distraught.” Source link
Read MoreSouth Korea to minimise impact of 50% tariff on steel products, ministry says
The country is the fourth-biggest exporter of steel to the United States, behind Canada, Mexico and Brazil last year, according to American Iron and Steel Institute data Published Mon, Jun 2, 2025 · 10:32 AM [SEOUL] South Korea’s Industry Ministry said on Monday (Jun 2) it will respond to the looming 50 per cent US…
Read MoreFed’s Waller still open to cutting interest rates later this year
[NEW YORK] US Federal Reserve governor Christopher Waller said on Monday (Jun 2) that interest rate cuts remain possible later this year even with the Trump administration’s tariffs likely to push up price pressures temporarily. Given that a rise in inflation pressures tied to US President Donald Trump’s import tax increases is unlikely to be…
Read MoreFederal Reserve still open to cutting interest rates later this year, says governor
[NEW YORK] US Federal Reserve governor Christopher Waller said on Monday (Jun 2) that interest rate cuts remain possible later this year even with the Trump administration’s tariffs likely to push up price pressures temporarily. Given that a rise in inflation pressures tied to US President Donald Trump’s import tax increases is unlikely to be…
Read MoreGold prices climb on softer US dollar, Trump’s fresh tariff threat
Investors now see a 50-basis-point rate cut by the US Federal Reserve this year, starting in October Published Mon, Jun 2, 2025 · 10:01 AM [BENGALURU] Gold prices climbed on Monday (Jun 2)as US President Donald Trump threatened to double tariffs on imported steel and aluminium, while a weaker US dollar also supported greenback-priced bullion.…
Read MoreTung Lok Restaurants H2 profit falls 52.1% to S$853,000 amid F&B industry woes
[SINGAPORE] Tung Lok Restaurants on Friday (May 30) posted net profit of S$853,000 for its second half ended March, a 52.1 per cent decline from S$1.8 million in the year-ago period. This translated to earnings per share of S$0.0031, a 52.3 per cent fall from S$0.0065 previously. Revenue for H2 was down 8 per cent…
Read MoreThe Mikal Bridges blockbuster has a clear winner — at least for now
When they pried a record draft haul from the Knicks for Mikal Bridges, it was too early to say the Nets came out winners in the trade. It’s not premature anymore. Granted, we don’t know who the Nets will end up getting with any of those five first-round picks, or how long it’ll take them…
Read MoreMorgan Stanley sees dollar falling 9% on slowing US growth bets
[SINGAPORE] The US dollar will tumble to levels last seen during the Covid-19 pandemic by the middle of next year, hit by interest rate cuts and slowing growth, according to predictions by Morgan Stanley. A popular gauge of the US dollar will fall around 9 per cent from current levels by around this time next…
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