Posts by Liam Redmond
Nissan offers buyouts to US workers, halts global pay rises, internal emails show
[TOKYO] Japan’s Nissan has started offering buyouts to US workers and has suspended merit-based wage increases worldwide, internal emails reviewed by Reuters showed, as the automaker expands cost cuts amid weak performance in key markets. CEO Ivan Espinosa announced a new round of cost cuts this month that include closing seven production sites globally and…
Read MoreNissan offers buyouts to US workers, halts global pay rises, internal e-mails show
[TOKYO] Japan’s Nissan has started offering buyouts to US workers and has suspended merit-based wage increases worldwide, internal e-mails reviewed by Reuters showed, as the automaker expands cost cuts amid weak performance in key markets. CEO Ivan Espinosa announced a new round of cost cuts this month that include closing seven production sites globally and…
Read MoreKnicks’ Jalen Brunson fades in fourth: ‘I’m not doing enough’
The Clutch Player of the Year was missing in the fourth quarter Tuesday night. Jalen Brunson, who has lifted the Knicks to dramatic come-from-behind wins throughout the postseason, was quiet in crunch time in Game 4. He was limited to just two points and three field goal attempts in the final period of the dismal…
Read MoreUK’s Thames Water fined £122.7 million over sewage and dividend breaches
[LONDON] Britain’s Thames Water, on the brink of financial collapse, will have to pay a record £122.7 million (S$213.3 million) fine for breaching its legal obligations over sewage treatment and dividend payments, regulator Ofwat said on Wednesday (May 28). The watchdog, which had previously issued a £104.5-million-penalty, added an additional £18.2 million to the fine…
Read MoreSingapore Savings Bond demand falls short; 10-year average return drops to 2.56%
The June tranche receives a total of S$302.9 million in applications for the S$500 million offered [SINGAPORE] The latest Singapore Savings Bond (SSB) allotted on Wednesday (May 28) saw applications fall short of the S$500 million offered, with the 10-year average return dropping from the previous tranche. The June tranche of the Singapore government-backed bonds…
Read MoreKnicks’ starters a mess again as lineup change flops this time
INDIANAPOLIS — The bloom is off the rose with the new starting lineup. Knicks coach Tom Thibodeau ran back the reworked starting unit he used in Game 3 — inserting Mitchell Robinson in place of Josh Hart. But this time around, it produced rough results in a 130-121 Game 4 loss to the Pacers on…
Read MoreChina’s answer to World Bank plans to open Singapore, HK offices
[BEIJING] The Asian Infrastructure Investment Bank is looking to open new offices in Hong Kong and Singapore, according to people familiar with the matter, in a plan that would mark its biggest expansion since beginning operations in Beijing almost a decade ago. The multilateral lender, which had more than US$57 billion in assets at the…
Read MoreChina’s answer to World Bank could open Singapore, HK offices: sources
[BEIJING] The Asian Infrastructure Investment Bank is looking to open new offices in Hong Kong and Singapore, according to people familiar with the matter, in a plan that would mark its biggest expansion since beginning operations in Beijing almost a decade ago. The multilateral lender, which had more than US$57 billion in assets at the…
Read MoreBill Maher calls out liberals backing Hamas despite terror group’s extremist views
Comedian Bill Maher trashed liberals in the United States who agree with the terror group Hamas on the topic of Israel. During the latest episode of his “Club Random” podcast – featuring podcast host Tim Pool as his guest –the comedian marveled at how liberals could support the Israel-hating, radical Islamic terrorists. “Most Muslim societies live…
Read MoreChina plans commodities overhaul to attract global investors
CHINA is on the cusp of its biggest move yet to open up its vast commodities markets, after the Shanghai Futures Exchange (SHFE) unveiled an internationalisation plan to streamline access for overseas investors. The country’s biggest raw materials bourse is soliciting views on a proposal to let participants post foreign exchange as collateral for yuan-denominated…
Read MoreTyrese Haliburton’s girlfriend reacts to star’s triple double in Pacers’ Game 4 win
Pacers point guard Tyrese Haliburton and his girlfriend, Jade Jones had a sweet moment on the court after his triple-double helped Indiana beat the Knicks’ 130-121 in Game 4 for a 3-1 lead in the Eastern Conference finals on Tuesday night. The couple hugged and Jones jumped up and down in excitement on the sidelines at…
Read MoreNissan plans one trillion yen funding with backing from UK government
[TOKYO] Nissan Motor, facing a huge loan repayment wall next year, is seeking to raise more than one trillion yen (S$7 billion) from debt and asset sales to keep operations on track, according to documents seen by Bloomberg News. The struggling Japanese automaker plans to issue as much as 630 billion yen in convertible securities…
Read More