Posts by Liam Redmond
Citi to cut up to 200 tech contractor roles in China
[HONG KONG] Citigroup is cutting up to 200 information technology (IT) contractor roles in China, two people familiar with the matter said, as the bank looks to hire its own staff globally for such operations to improve risk management and data governance. Last July, US bank regulators fined Citi US$136 million for making “insufficient progress”…
Read MoreSun conjunct Uranus in Taurus: Seize the slay during this wild transit
Buckle up, my babies: the most life-altering astrological event of the year is upon us. On Saturday, May 17, Uranus — our side-spinning planet of rebellion, liberation and chaos with a capital C — aligns with the sun, our luminary of identity in the pleasure pastures of Taurus. Uranus conjunct sun transit A conjunction like…
Read MoreIndonesia’s wealth fund in talks to aid flagship airline Garuda
[JAKARTA] Garuda is in talks with Indonesia’s sovereign wealth fund Danantara about an injection of capital, people familiar with the matter said, as the nation’s flagship airline struggles to right its finances. The talks are preliminary and could change, and details regarding the size of the funds transfer are still being worked out, the people…
Read MorePacific International Lines’ FY2024 net profit quadruples to US$1.3 billion
[SINGAPORE] Pacific International Lines (PIL) on Friday (May 16) posted a net profit of US$1.3 billion for the FY2024 ended Dec 31, 2024, more than quadrupling from US$306.9 million the previous year. This was attributed to a significant growth in its operating revenue as well as effective cost management. Earnings before interest, taxes, depreciation and…
Read MoreHacking of trading accounts in Japan spreads to mid-sized firms
The hacking of online trading accounts has exploded in Japan, surging more than 10-fold in April from March Published Fri, May 16, 2025 · 04:01 PM [TOKYO] Criminals have targeted mid-sized brokerages in Japan after the country’s biggest securities firms added additional protection for online trading. Okasan Securities and Iwai Cosmo Securities both said they…
Read MoreIdaho judge wants investigation of information leaks to media in Bryan Kohberger’s quadruple-murder case
BOISE, Idaho — The judge overseeing Bryan Kohberger’s upcoming quadruple-murder trial says he wants to identify anyone who may have violated a gag order by leaking information from the investigation to news organizations or anyone else not directly involved with the case. Fourth District Judge Steven Hippler ordered prosecutors and defense attorneys on Wednesday to give him…
Read MoreMore attractive land prices for Singapore tenders ahead, says Citi, giving its top developer pick
[SINGAPORE] More attractive land prices could be on the horizon for eight upcoming government tenders from May to September this year, in support of developers’ land replenishment exercises, said Citi equity research analyst Brandon Lee in his Thursday (May 15) report. Recent data from the Urban Redevelopment Authority showed that there were 663 private…
Read MoreCountry icon George Strait brings fans to tears during emotional moment at concert
The “King of Country Music” George Strait made fans emotional during a recent concert. At a performance in Philadelphia last week, Strait, 72, performed his 2011 song “I’ll Always Remember You,” which contains a spoken bridge about his potential retirement. When a fan shared a video of the performance on social media, many fans expressed sadness at the subject…
Read MoreForeigners revisit Indonesia stocks on easing economic concerns
Published Fri, May 16, 2025 · 01:41 PM [JAKARTA] Indonesian stocks are poised for their first monthly inflow since September as subsiding economic concerns and attractive banking shares lure investors. The country’s equity market posted US$83.8 million in net foreign inflows as at May 15 after seven straight months of outflows. That comes as the…
Read MoreDovish Bank of Japan policymaker urges pause in rate hikes on US tariff uncertainty
[TOKYO] The Bank of Japan must hold off raising interest rates for the time being, its board member Toyoaki Nakamura said on Friday, warning of growing downward pressure on the economy from higher US tariffs. Nakamura, known as the most dovish member of the board, said the central bank must guide monetary policy “cautiously” with…
Read MoreTrump announces US$14.5 billion Etihad order for 28 Boeing planes with GE engines
Published Fri, May 16, 2025 · 01:24 PM US PRESIDENT Donald Trump on Thursday announced deals totaling more than US$200 billion between the United States and the United Arab Emirates, including a US$14.5 billion commitment between Boeing, GE Aerospace and Etihad Airways, the White House said. Etihad confirmed on Friday it was ordering 28 wide-body…
Read MoreTariff truce spurs Pacific trade rush, boosting global shippers
[HONG KONG] Importers rushing to ship Chinese goods to the US using a short reprieve from paralysing tariffs could provide a much-needed boost to global freighters. The surprise truce between the US and China, temporarily bringing down tariffs on each other’s goods, will probably give way to a surge in transpacific shipping in the coming…
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