Posts by Liam Redmond
Bank of Japan sees window for rate hikes narrowing but not closed yet
[TOKYO] The Bank of Japan’s rate-hike cycle is facing its biggest test since Governor Kazuo Ueda took the helm two years ago, with US President Donald Trump’s tariffs rapidly narrowing the window for further increases in still-low borrowing costs. After the BOJ’s decision on Thursday to keep interest rates steady at 0.5 per cent, Ueda…
Read MoreGreen Business: Profit from Saving the Planet
Starting a green business isn’t just a trend—it’s becoming a necessity. With climate change and environmental concerns at the forefront of many consumers’ minds, sustainable business ideas are gaining traction. Entrepreneurs have a unique opportunity to make a profit while also making a positive impact on the planet. This article will explore various sustainable business…
Read MoreBHP partner says Filo copper discovery is largest in 30 years
Copper mines are getting harder and much more costly to develop, even as global demand for the metal is projected to increase given its role in the energy transition Published Mon, May 5, 2025 · 09:47 AM [MELBOURNE] BHP’s joint-venture partner Lundin Mining declared that the companies’ Filo del Sol project in South America to…
Read MoreGE2025: Ruling party’s strong showing signals flight to safety and a vote for policy continuity, say analysts
[SINGAPORE] Analysts welcomed the results of Singapore’s general election (GE) held over the weekend, calling them a vote for political stability and policy continuity for investors. Citi said in a report on Monday (May 5) that the strong mandate won by the ruling People’s Action Party (PAP) puts to rest any fears of a lurch…
Read MoreSingapore’s STI little changed in early trade on Monday after PAP win at GE2025
[SINGAPORE] Singapore shares were little changed in early trade the first trading day after the country’s elections wrapped up. As at 9.28 am, the Straits Times Index (STI) opened 0.1 per cent or 3.36 points lower at 3,841.78 on Monday (May 5). Across the broader market, gainers outnumbered losers 107 to 79 after 79.8 million…
Read MoreMadonna, 66, flaunts her bra under sheer top at boyfriend Akeem Morris’ 29th birthday bash
Madonna’s boyfriend’s 29th birthday party “was a night to remember.” The “Material Girl” singer proved that by sharing photos and videos from Akeem Morris’ wild bash on Sunday. At the event, guests — which included Madonna’s three youngest children (19-year-old daughter Mercy and 12-year-old twins Stella and Estere) — enjoyed a performance by YG Marley.…
Read MoreGold gains on softer US dollar, Fed decision awaited
Chinese markets are closed for the Labour Day holiday from May 1 to 5 and will resume trade on Tuesday, May 6 Published Mon, May 5, 2025 · 09:18 AM [BENGALURU] Gold prices edged higher on Monday (May 5), helped by a weaker US dollar, while investors awaited more clarity on trade policy between the…
Read MoreNew Zealand central bank sees AI adoption posing risk to financial stability
Published Mon, May 5, 2025 · 09:01 AM [WELLINGTON] The rapid acceleration of artificial intelligence adoption in financial services presents a risk to financial stability, the Reserve Bank of New Zealand said in a report on Monday. “Errors in AI systems, data privacy concerns and market distortions could amplify existing risks,” the report said. “The…
Read MoreThe message Giants sent with $192 million overhaul of woeful defense
The NFL universe might have focused on the wrong season-ending message from John Mara. When the Giants owner said “the No. 1 issue for us going into this offseason is to find our quarterback of the future,” was he just mastering misdirection? Certainly not. But, in hindsight, Mara’s words that should have resonated equally were,…
Read MoreUS dollar’s decline is fuelling dislocations across Asian currencies
[HONG KONG] Asian currencies turbocharged by US dollar weakness are attaining rarely seen superlatives and triggering central bank intervention to curb excessive gains. The Hong Kong Monetary Authority on Friday (May 2) sold a record amount of local dollars to prevent its advance and protect the currency’s 42-year-old peg to the greenback. Taiwan’s central bank…
Read MoreIndonesia seen to cut rate twice this year amid US tariff talks
[JAKARTA] Indonesia’s central bank is expected to resume monetary easing after holding its rate unchanged for three consecutive meetings, moving to bolster economic growth against the backdrop of rising tariffs and trade policy uncertainty. Economists predicted a quarter-point reduction in Bank Indonesia’s benchmark rate to 5.5 per cent by the end of the second quarter,…
Read MoreJapan says no plan to threaten Treasuries sale in US trade talks
Published Mon, May 5, 2025 · 07:29 AM [TOKYO] Japan has no plans to threaten to sell its US$1 trillion-plus holdings of US Treasuries in trade talks with Washington, its finance minister said on Sunday (May 4), clarifying earlier remarks that the bond holdings could be used as a bargaining chip. “My comments were made…
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