Posts by Liam Redmond
Prime US Reit distributable income for Q1 2025 down 30% at US$8.4 million
[SINGAPORE] Prime US Reit’s distributable income fell 30 per cent to US$8.4 million, from US$12 million in the year-ago period. On a same-store basis, income available for distribution declined by 24 per cent from US$11.1 million. The prolonged elevated interest-rate environment since H2 2023 and the slow recovery from the pre-pandemic remote-working arrangement necessitated the…
Read MoreGreenback’s relief rally from US-China tariff truce is but a brief blip: analysts
[SINGAPORE] Traders rewarded the US dollar with gains against major Asian currencies after trade tensions between Beijing and Washington thawed – but the greenback could soon be singing the blues again as analysts expect the relief rally to be short-lived. The US dollar index – which measures the greenback’s value against a basket of six…
Read MoreLate Bronze Age settlement dating back 3,000 years uncovered amid road work: ‘Important discovery’
An ancient Bronze Age settlement was recently uncovered by archaeologists in the United Kingdom while a highway was being built. The Suffolk City Council described the site as a “Late Bronze Age settlement and cremation cemetery” that dates back 3,000 years; they shared the information in a press release dated mid-April. In Britain, the Bronze Age…
Read MoreBlackRock’s Fink sees trillions of dollars idle as volatility persists
[RIYADH] BlackRock CEO Larry Fink says tens of trillions of dollars of financial firepower is sitting idle in cash amid trade war worries and uncertainty over the United States economy, whose deficits are beginning to spook investors. “There is 12 trillion euros (S$17.4 trillion) sitting in bank accounts in Europe. In the United States, there’s…
Read MoreTrump arrives in Saudi Arabia — after Air Force One receives fighter-jet escort
RIYADH, Saudi Arabia — President Trump landed in Saudi Arabia Tuesday morning after receiving a dramatic fighter jet escort through the kingdom’s airspace. Journalists aboard the presidential aircraft reported that six F-15s cruised “in close proximity” — three on either side — for the final half hour of the flight. Saudi Air Force F-15 warplanes…
Read MoreChina removes ban on Boeing deliveries after US trade truce
[NEW YORK] China has removed a month-long ban on airlines taking delivery of Boeing planes, according to sources familiar with the matter, following a breakthrough in trade talks with the US that temporarily slashed tariffs on each side. Officials in Beijing have started to tell domestic carriers and government agencies this week that deliveries of…
Read MoreCarriers moving MRO work outside China even before tariff chaos: SIA Engineering
[SINGAPORE] There has been little to no impact from tariffs on SIA Engineering Company’s (SIAEC) operations for now, but these are still early days, said chief executive officer Chin Yau Seng in a briefing on Tuesday (May 13). It has been just 42 days since the “Liberation Day” tariffs were launched and the company is…
Read MoreAaron Judge continues pace for yet another historic season
SEATTLE — Aaron Judge is in the early stages of putting together another candidate for one of the best offensive seasons by a right-handed hitter in the modern era. For the Yankees superstar, though, the gold standards in that category are Miguel Cabrera and Albert Pujols, in part because of how they hit for average…
Read MoreChina’s Meituan to start Brazil business with US$1 billion budget
The agreement takes one of China’s largest tech corporations into South America, after a rapid expansion into first Hong Kong, then the Middle East Published Tue, May 13, 2025 · 12:30 PM Meituan will invest US$1 billion over five years to start and expand a food delivery service in Brazil, as Luiz Inacio Lula da…
Read MoreAsia: Most markets extend rally in glow of China-US truce
[HONG KONG] Most Asian stocks extended gains on Tuesday as investors continued to bask in the glow of the China-US tariff suspension that has fuelled hopes the world’s two economic superpowers will step back from a punishing trade war. Equity markets across the world rallied with oil and the dollar on Monday after the two sides…
Read MoreKnicks fans go wild outside Garden after thrilling Game 4 win over Celtics
It was a Garden party outside the World’s Most Famous Arena as the Knicks took a 3-1 series lead over the Celtics with their 121-113 win in Game 4 on Monday night. The crowd at the viewing party just outside Madison Square Garden erupted as the final buzzer sounded, jumping up and down, with a…
Read MoreHertz posts worse-than-expected loss after shrinking fleet
[DETROIT] Hertz Global Holdings posted a larger-than-expected loss in the first quarter after the rental company shrank its fleet of cars and some customers slowed bookings. Revenue fell 13 per cent in the period, contributing to an adjusted loss of US$1.12 per share, the company said on Monday (May 12). Analysts had expected a 99-cent…
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