Posts by Liam Redmond
Monetary Authority of Singapore MD says US$ assets irreplaceable
Factors that the market are paying attention to include any prospect for slower growth and higher inflation in America as well as cues on its fiscal trajectory and policies that could reinforce that confidence Published Wed, May 21, 2025 · 09:08 AM [DOHA] US dollar-based assets have “enduring advantages” and remain virtually irreplaceable in the…
Read MorePwC launches AI hub in Singapore with over US$4 million commitment
[SINGAPORE] PwC launched an artificial intelligence (AI) hub in Singapore on Wednesday (May 21), committing more than US$4 million over a three-year period. This venture is also supported by Singapore’s Economic Development Board. The purpose of the hub is to establish standards when introducing AI technology, developing and scaling local AI capabilities, and fostering strategic…
Read MoreCapitaLand Investment launches its first onshore China master fund with 5 billion yuan in equity
[SINGAPORE] CapitaLand Investment (CLI) on Wednesday (May 21) announced the launch of its first onshore master fund in China, the CLI RMB Master Fund. With a total equity commitment of five billion yuan (S$921 million), the fund will contribute 20 billion yuan to CLI’s funds under management (FUM) when fully deployed. The CLI RMB Master…
Read MoreWalker Buehler, Alex Cora ejected after fiery argument over blown call against Mets
Walker Buehler and Alex Cora hit the exits early on Tuesday night, but not after getting their money’s worth. The Red Sox starter and manager were both ejected after a fiery scene at Fenway Park in their game against the Mets after they argued what appeared to be a missed strike call against Juan Soto…
Read MoreFed officials expect tariffs to boost prices; White House downplays risk
[AMELIA ISLAND, Florida] Federal Reserve officials said on Tuesday (May 20) that higher prices are coming on the back of rising US import tariffs and counselled patience before making any interest rate decisions before it is clear whether the inflation shock will be fleeting or more persistent. “One thing that we have heard is that…
Read MoreUS sets the stage for duties on battery materials from China
Published Wed, May 21, 2025 · 08:09 AM [NEW YORK] The US Commerce Department set the stage for anti-subsidy duties on imports of key battery components from China, after concluding materials had been unfairly subsidised. The agency’s preliminary determination is an early milestone in a trade case looking at supplies of active anode material, which…
Read MoreWestpac to cut 1,500 jobs, simplify operations: report
The company says it regularly adjusts its workforce based on shifting investment priorities Published Wed, May 21, 2025 · 07:44 AM [BENGALURU] Westpac Banking Corp (Westpac) is planning to cut more than 1,500 jobs to meet cost reduction targets and simplify operations, the Australian Financial Review (AFR) reported on Tuesday (May 20). The job cuts…
Read MoreProgressive Manhattan lawmakers again push ‘rent control for the rich’
Two progressive Manhattan state lawmakers are back to pushing “rent control for the rich” to benefit residents of “Billionaire’s Row.” State Sen. Liz Krueger and Assemblywoman Linda Rosenthal tried to sneak this into law last year, losing out only after we called out the injustice. Once again, their proposal applies to roughly 100 co-op buildings,…
Read MoreMaybank Securities positive on MAS equities review given niche in mid-cap players: CEO Aditya Laroia
[SINGAPORE] The Singapore government’s attempt to revive its local stock market is a much-needed move to boost Singapore’s financial hub status, and is already showing early signs of positive change, said Aditya Laroia, Singapore chief executive at Maybank Securities. The review – which focuses on small to mid-cap companies in the city-state – will support…
Read MoreChanel profit tumbles as luxury industry downturn hits sales
[PARIS] Chanel profit plunged last year as the closely held company splurged on expanding its retail network and marketing to remain visible amid a luxury industry downturn. Operating profit slid 30 per cent to US$4.48 billion as revenue fell 4.3 per cent on a comparable basis, it said on Tuesday (May 20). The region that…
Read MoreDon’t trust the rhetoric: reject antisemitism in NYC mayor’s race
The surest way to trigger the collapse of New York City is to elect an antisemitic mayor. Throughout history, rising antisemitism is a bellwether of societal ruin: When attacks on Jews are tolerated or encouraged, the dissolution of everyone’s rights and the abandonment of basic freedoms follow. See the Spanish Inquisition, Nazi Germany and the Soviet…
Read MoreEurope: Shares close near nine-week high, powered by utility, telecom stocks
[BENGALURU] European stocks closed at near nine-week highs on Tuesday (May 20) with utilities and telecom firms leading gains, while some positive corporate earnings also bolstered sentiment. The pan-European Stoxx 600 index ended 0.7 per cent higher after notching an eight-week high. Most regional bourses also ended up, with ones in Germany and Ireland touching…
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