Posts by Liam Redmond
Hertz 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…
Read MoreBank of Japan upbeat on wages despite US tariffs, sees scope to resume rate hikes
[TOKYO] The Bank of Japan expects wages and prices to keep rising even as the uncertainty over US tariff policy weighs on the economy, its deputy governor Shinichi Uchida said on Tuesday, signalling the bank’s resolve to maintain its rate-hike stance. While US tariffs are likely to hurt Japan’s economic growth, the BOJ will continue…
Read MoreMets rally after Paul Skenes exits to top Pirates on Pete Alonso’s sac fly in ninth
The Pirates are among MLB’s worst teams, but with their great equalizer on the mound for six innings Monday night they stood a chance against the Mets. Then Paul Skenes departed. And the Mets, as has been their modus operandi this season, rallied in the late innings against an underwhelming bullpen. The Mets scored twice…
Read MoreCoinbase to join S&P 500 next week in crypto-market milestone
[NEW YORK] Coinbase Global, the largest US cryptocurrency exchange, will be added to the S&P 500 Index in the latest milestone for the booming digital asset industry. The company will replace Discover Financial Services in the index prior to the start of trading on May 19, S&P Dow Jones Indices said in a press release.…
Read MoreGold steadies as traders gauge US-China tariff truce, await key US data
[BENGALURU] Gold prices were steady on Tuesday (May 13) as a US-China agreement to pause tariffs for at least 90 days lifted risk appetite, diminishing bullion’s safe-haven appeal, while investors awaited key US inflation data for further economic cues. Spot gold held its ground at US$3,235.37.86 an ounce, as at 0058 GMT. US gold futures…
Read MoreTrump family bitcoin operation set to go public
[NEW YORK] A bitcoin mining start-up backed by US President Donald Trump’s two eldest sons announced plans on Monday to go public on the New York Stock exchange via a merger. American Bitcoin made a deal to be acquired by publicly traded Gryphon Digital Mining in a stock-for-stock merger transaction. The combined company will operate…
Read MoreCordlife receives partial offer from Thai-listed Medeze for 10% stake
[SINGAPORE] Private cord-blood bank Cordlife Group announced on Tuesday (May 13) that it has received a voluntary conditional cash partial offer for a 10 per cent stake in the company from Medeze Treasury, a wholly owned subsidiary of Medeze Group, a Thai-listed stem cell company. This is Medeze’s first step into the Singapore market, as…
Read MoreSingapore’s STI jumps 1.8% on US-China tariff truce; bank shares soar
[SINGAPORE] Asian markets continued their rally on Tuesday (May 13) as investors cheered the announcement that the US and China would temporarily lower tariffs on each other’s products in a 90-day cool-off period. Singapore’s Straits Times Index jumped about 1.8 per cent in morning trading to reach 3,944.78, as trading resumed following Monday’s Vesak Day…
Read MoreJason Kelce dishes on ‘special’ Mother’s Day brunch with Taylor Swift and brother Travis
Jason Kelce gave fans a peek inside his big family Mother’s Day celebration in Philadelphia — which included brother Travis Kelce and his girlfriend, Taylor Swift. “We had a lot of people in, which was fun,” Jason told Extra while attending Amazon’s upfront presentation in New York City Monday, without specifically naming the Kansas City…
Read MoreStocks to watch: ThaiBev, Seatrium, SIA Engineering, StarHub, Sinarmas Land, Frasers Property, FHT, Cordlife
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (May 13). Thai Beverage: The Chang beer maker announced on Friday that its profit for the second quarter ended Mar 31, 2025, decreased 3.2 per cent on the year to 6.7 billion baht (S$263.5 million), from a restated profit…
Read MoreTikTok, Meta face tough curbs in Asia even as US efforts stall
[HONG KONG] Some of the toughest new laws attempting to rein in TikTok, Instagram and Snapchat are not coming from Washington or Brussels. They are emerging from capitals such as Canberra, Jakarta and Kuala Lumpur. Governments across the Asia-Pacific region are leading the global charge to protect children from online harms, presenting an unprecedented challenge…
Read MoreQatar’s ‘Palace in the Sky’ jet is NOT a ‘free gift’ — and Trump shouldn’t accept it as one
Sorry, this “gift” is far from free; Qatar will surely expect something in return. Source link
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