Posts by Liam Redmond
Toyota sees US$1.3 billion profit hit in two months on tariffs
[TOKYO] Toyota Motor said US President Donald Trump’s tariffs will result in a 180 billion yen (S$1.6 billion) hit to operating income in just two months, with the Japanese carmaker joining a growing list of companies grappling with the fallout of trade turmoil. The company said on Thursday that the impact for April and May…
Read MoreToyota sees 180 billion yen profit hit in two months from tariffs
[TOKYO] Toyota Motor said US President Donald Trump’s tariffs will result in a 180 billion yen (S$1.6 billion) hit to operating income in just two months, with the Japanese carmaker joining a growing list of companies grappling with the fallout of trade turmoil. The company said on Thursday (May 8) that the impact for April…
Read MoreTexas high school baseball star on life support after playing ‘Senior Assassin’ just weeks before graduation
A standout Texas high school baseball star is on life support after he was seriously injured while playing a water gun game wildly popular among teens across the US. Isaac Leal, 17, a senior at South Grand Prairie High School, was chasing his classmates through an Arlington neighborhood on April 20 when he hopped on…
Read MoreSeaMoney rebrands to Monee, opens new headquarters for Sea group’s digital financial services
It will set up centres of excellence in product management, artificial intelligence and anti-money laundering [SINGAPORE] Sea’s digital financial services arm has rebranded from SeaMoney to Monee, an umbrella segment for all of Sea’s digital financial services. This was announced on Thursday (May 8) as part of the new office opening of Sea’s digital financial…
Read MoreSeaMoney rebrands to Monee, opens new headquarters for digital financial services
Monee will be establishing centres of excellence in product management, artificial intelligence and anti-money laundering [SINGAPORE] Sea’s digital financial services arm has rebranded from SeaMoney to Monee, a new umbrella segment for all of Sea’s digital financial services. This was announced on Thursday (May 8) as part of the new office opening of Sea’s digital…
Read MoreDBS loan demand to remain strong in H1, full-year growth likely at 5 to 6%: CEO Tan Su Shan
[SINGAPORE] DBS expects its loan demand will remain strong in the first half of 2025, but warned that it may slow in the second half if the trade war persists, said chief executive Tan Su Shan. The lender is projecting its full-year loan growth to be around 5 to 6 per cent, depending on how…
Read MoreYankees’ Devin Williams shows ‘what he’s capable of’ in huge 10th-inning escape
There has been plenty of external focus on Devin Williams’ level of comfort through the first month-plus of the season, his results lagging and his reception from the crowd in The Bronx often unfriendly. There was no need for body-language experts Wednesday night. There were several roars, the last screamed into his glove, to go…
Read MoreChinese automakers crank up sales of cars with combustion engines in Europe
[LONDON] Chinese electric vehicles (EVs) are losing momentum in Europe, but the nation’s automakers are selling more cars than ever in the region by throttling up deliveries of hybrids and combustion engine-powered models. The number of Chinese-brand cars registered across Europe hit record levels in the first three months of the year, exceeding 150,000 vehicles,…
Read MoreUS Fed rate pause keeps Asian markets steady, but watch out for tariffs: market observers
[SINGAPORE] The US Federal Reserve keeping rates steady is a plus for stability in Asia’s financial markets, but trade uncertainty from tariffs remains a key risk for equities and bonds in the region, said market observers. The Federal Open Market Committee (FOMC) on Wednesday (May 7) agreed to leave the central bank’s benchmark interest rate…
Read MoreThailand to shortlist central bank chief candidates by July 2, official says
[BANGKOK] A Thai selection committee plans to shortlist candidates to be the next central bank chief by Jul 2, an official said on Thursday (May 8), ahead of the end of incumbent Governor Sethaput Suthiwartnarueput’s five-year term in September. The new Bank of Thailand governor will face a tough task of steering the country’s underperforming…
Read MoreDBS shares jump more than 2% after earnings beat estimates
[SINGAPORE] DBS shares rose 2.1 per cent or S$0.88 on Thursday (May 8) to reach S$43.64 as at 11.26 am. It bucked the trend among the Singapore banks in morning trade. Shares of UOB inched up 0.03 per cent or S$0.01 to S$34.50 and OCBC dipped 0.1 per cent or S$0.01 to S$16.26. Earlier this…
Read MoreDave Portnoy still thinks there’s ‘no way’ Celtics lose series to Knicks despite latest ugly collapse
One notable Celtics fan isn’t worried that Boston is trailing the Knicks by two games in their Eastern Conference second-round playoff series. Barstool Sports founder Dave Portnoy isn’t concerned over how the series is playing out, still believing the Celtics can come out on top, as he expressed in a video he posted to X…
Read More