Posts by Liam Redmond
Goldman Sachs leads in a patchy year for foreign banks in Japan
[TOKYO] Goldman Sachs was among the major global banks to post a lower profit in Japan last year, pulling back from a bumper 2023. Net income at Goldman Sachs’s local securities arm fell 30 per cent in the year ended Dec 31 to 27.6 billion yen (S$247 million), down from a 14-year high marked…
Read MoreCarlyle on Japan hiring spree after new US$3 billion buyout fund
[TOKYO] Carlyle Group said it is on course to hire 10 investment professionals in Tokyo as it starts dealmaking for its latest 430 billion yen (S$3.8 billion) Japan buyout fund. The Washington-based private equity firm has already made four junior to mid-level hires this year, and aims to add six more by December, according to…
Read MoreMan dies in bee attack despite frantic escape attempt that had him drive through neighbor’s yard
A Texas man was killed by a swarm of bees after disturbing a hive while mowing the lawn — despite a desperate escape attempt that saw him jump in his truck and crash into a neighbor’s front yard, police said. Stephen Daniel was doing yardwork near an abandoned building in Friendship Park in Eastland on…
Read MoreUpbeat outlook for US stocks but risks remain
US equity markets have endured a turbulent week, initially expending their post-April rally pullback following comments from Federal Reserve chairman Jerome Powell. His remarks on a revised monetary policy framework hinted at rising long-term interest rates and suggested that “supply shocks” may be a norm in the economic landscape. This propelled US 30-year Treasury yields…
Read MoreWarren Buffett offers lessons on MAS, SGX’s plans to streamline disclosures
[SINGAPORE] Here’s how Warren Buffett described the purpose of his annual letter to shareholders of Berkshire Hathaway earlier this year: “As a public company, we are required to periodically tell you many specific facts and figures,” said the billionaire chairman and chief executive of Berkshire. “In addition to the mandated data, we believe we owe…
Read MoreRBA poised for ‘hawkish cut’ as US-China reprieve boosts outlook
[SYDNEY] Australia’s central bank is set to lower interest rates for a second time this year as price pressures ease and US-China trade tensions take a pause, though lingering risks around both suggest the board will remain cautious on the policy path ahead. Economists and money markets expect the Reserve Bank of Australia (RBA) will…
Read MoreParis airport chaos to enter second day after air traffic breakdown
[ORLY, France] An air traffic control breakdown at Paris-Orly airport caused the cancellation and delay of hundreds of flights and the aviation aviation authority said the chaos would extend into Monday. The breakdown hit on Sunday and has affected thousands of passengers with some already sat in planes at the French capital’s second biggest airport…
Read MoreKnicks’ match-up with Pacers could come with Karl-Anthony Towns boon
It was just three games. Three regular-season games. But, oh, what a three games it was: 30.3 points, 12.0 rebounds, 1.7 blocks and 46.7 percent from 3-point range in 36.5 minutes per contest. That’s how Karl-Anthony Towns performed against the Pacers this season. Knicks center Karl-Anthony Towns (32) reacts during the second quarter of Game…
Read MoreScott Bessent admits Trump’s tariffs may mean Walmart shoppers pay more
WASHINGTON — Treasury Secretary Scott Bessent acknowledged Sunday that Walmart, the largest US retailer, may pass along some of the costs from President Donald Trump’s tariffs to its shoppers through higher prices. Bessent described his call with the company’s CEO a day after Trump warned Walmart to avoid raising prices from the tariffs at all…
Read MoreNew Padres ‘OMG’ sign emerges after Jose Iglesias said it ‘belongs to the Mets’
Perhaps the Padres are about to enter their “OMG” era one season after it became an integral piece of the Mets’ magical run. Before the Padres’ loss to the Mariners on Saturday, television host and reporter Annie Heilbrunn shared a video on X of Jose Iglesias picking up an “OMG” cutout in Padres colors and…
Read MoreWho Was America Yamilet Sanchez? First Mexican Navy Cadet Killed after Ship Collided with Brooklyn Bridge Identified as Young Veracruz Native
One of the two people who died in Saturday’s Brooklyn Bridge ship collision was a 20-year-old female cadet from the Mexican Navy, hailing from Veracruz, according to the state’s governor on Sunday. The second cadet killed in the harrowing crash hasn’t yet been identified by the authorities. América Yamilet Sánchez, of Xalapa—the capital of Veracruz—died…
Read MoreWho Was Guy Edward Bartkus? Palm Springs IVF Clinic Bomber Was ‘Pro-Mortalist Who Hated People Being ‘Born Without Consent’
The suspect believed to have set off a car bomb outside a fertility clinic in California has been identified. The attacker was identified as 25-year-old man who described himself as a “pro-mortalist” who detonated a car bomb outside a fertility clinic in Palm Springs on Saturday, killing himself and leaving four others injured, according to…
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