Posts by Liam Redmond
Saudi Arabia reports first-quarter deficit of US$15.65 billion
Declining oil prices and voluntary production cuts have weighed on Saudi revenue in recent years Published Mon, May 5, 2025 · 10:01 PM [RIYADH] Saudi Arabia’s deficit widened significantly to US$15.65 billion in the first quarter of 2025 from US$3.30 billion a year before as oil revenues fell 18 per cent to 149.810 billion riyals…
Read MoreConvicted killer went missing for 12 hours, sending jail into lockdown — only for officers to remember where they left him
A Georgia jail was locked down for 12 hours when a convicted murderer seemingly vanished — just for him to be found the next morning where he’d mistakenly been left in a courtroom holding cell. Julian Brooks Deloach, who was convicted of murder in 1984 and paroled in 2010, had been transferred to Clayton County…
Read MoreInvestors still harbour hope of Fed’s Powell giving a rate-cut the thumbs up
THE S&P 500 plunged into a bear market in April, then staged an epic recovery, and now the US Federal Reserve will reveal which was the correct response. The central bank is likely to leave rates unchanged at the current level between 4.25 per cent and 4.5 per cent at the end of its two-day…
Read More9 people shot at a restaurant in suburban Phoenix, police say
GLENDALE, Ariz. — Nine people were shot at a restaurant in a Phoenix suburb Sunday night, police said. Police received calls reporting shots around 7:45 p.m. at El Camaron Gigante Mariscos & Steakhouse, Glendale Police Department Officer Moroni Mendez said during a briefing at the scene. At least nine people were shot in Glendale, Arizona,…
Read MoreSIC proposes changes to takeovers and mergers code to protect competitive process, improve disclosures
[SINGAPORE] The Securities Industry Council (SIC) on Monday (May 5) issued a consultation paper on amendments to Singapore’s Code on Take-overs and Mergers, with the aim to enhance regulation around such deals. The proposed changes intend to protect the competitive process of takeover and merger transactions, improve the timeliness of schemes of arrangement, and enhance…
Read MoreSias strongly disagrees with IFA opinion on ‘exploitative’ Sinarmas Land offer; urges offeror to revise bid
[SINGAPORE] David Gerald, the president of Securities Investors Association (Singapore), or Sias, has criticised the offer for Sinarmas Land by the Widjaja family-linked Lyon Investments as “exploitative”, urging the offeror to revise the bid to more fairly reflect the company’s net asset value (NAV). In a statement on Monday (May 5), Gerald said that Sias…
Read MoreThe one Knicks weakness that could decide it all against Celtics
BOSTON — The best predictor of Knicks success or failure in the regular season sits front and center in this series. It’s 3-point defense. The Knicks were terrible at defending the trey in games they lost, the worst in the NBA, actually. It’s why the Celtics matchup feels so daunting beyond the obvious difficulty of…
Read MoreAudi keeps outlook after Q1 sales rise, but tariff impact not included
[BERLIN] Volkswagen’s premium brand Audi on Monday (May 5) kept its full-year guidance, with the caveat that any impact from US tariffs was not included, after its first-quarter revenue rose 12.4 per cent on higher sales of electric models. Quarterly revenue rose to 15.43 billion euros (S$22.52 billion) in January-March, compared with 13.73 billion a…
Read MoreIPhone maker Hon Hai’s April sales surge 26% ahead of US tariffs
Published Mon, May 5, 2025 · 05:16 PM [TAIPEI] Hon Hai Precision Industry, the main contract manufacturer for Apple and Nvidia, said its April revenue rose 26 per cent, likely boosted by the hastening of orders ahead of US tariffs that could upend business for its customers. Sales in April reached US$21.4 billion. That contributed…
Read MoreVolvo Cars sales fall 11% in April as fully electric cars slump
Published Mon, May 5, 2025 · 04:01 PM [STOCKHOLM] Volvo Cars reported on Monday (May 5) an 11 per cent decrease in April sales to 58,881 cars from a year earlier, sending its shares down. Volvo Cars, which is majority-owned by China’s Geely, said in a statement, sales of fully electric cars fell 32 per…
Read MoreSingapore dollar surges against US dollar as Asia currencies rally on trade hopes
[SINGAPORE] Asian currencies rallied on Monday (May 5) on hopes of a thaw in the US-China trade war and regional tariff deals with the Trump administration. Taiwan led the charge, with its currency surging as much as 5 per cent, the biggest intraday gain in over three decades, on speculation exporters are rushing to convert…
Read MoreWisconsin mom of two found safe after vanishing without a trace more than 60 years ago: report
A Wisconsin mother of two — who had been missing for more than 60 years — has been found alive after investigators reopened her cold case and is reportedly living a “happy” life with “no regrets” for leaving her family. Audrey Backeberg was 20 years old, living with her husband, Ronald Backeberg, and their two…
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