Posts by Liam Redmond
Singapore stocks rise on Wednesday, snapping four-day losing streak; STI up 0.7%
Across the broader market, gainers beat decliners 288 to 177, after 971.8 million securities worth S$1.4 billion change hands [SINGAPORE] Equities on the Singapore bourse rose on Wednesday (Apr 30), as four sessions of losses drew some bargain hunting. Sentiment across most of Asia was also more positive, after Japan’s top trade negotiator said he…
Read MoreCade Cunningham guarantees Pistons will force Game 7: ‘We’ll be back’
Cade Cunningham’s message was simple. “We’ll be back,” he said after the Knicks’ 106-103 Game 5 loss to the Pistons Tuesday night at Madison Square Garden. Tuesday’s win kept the Pistons — who are now down 3-2 — alive for the series. And their stars are bullish on their chances to win Game 6 and…
Read MoreGoldman sees central banks buying more renminbi, won, Singapore dollars
[SYDNEY] South Korea, Singapore and China’s currencies are likely to be the biggest Asian beneficiaries as central banks look to diversify their reserves away from the US dollar, according to Goldman Sachs Group. While the greenback and euro remain pre-eminent reserve assets, there’s scope for central banks to boost their allocations to “non-traditional” peers as…
Read MoreJapan’s Nikkei posts first monthly gain for the year on trade talk hopes
[TOKYO] Japan’s Nikkei share average gained on Wednesday (Apr 30) as investors awaited developments in US-Japan tariff talks, helping the benchmark to register its first monthly gain since December. The Nikkei added 0.6 per cent to 36,045.38, its highest close since March 28. The gain marked the index’s fifth straight rising session, its longest winning…
Read MoreKnicks’ Mitchell Robinson comes up big in Game 5 defeat
It took some time for Mitchell Robinson to get back to being the force that Tom Thibodeau often has called the best offensive rebounder in the NBA. After missing the first four months of the regular season after surgery to repair an ankle injury suffered in last year’s playoffs, the former starting center dominated the…
Read MoreThailand’s central bank cuts key rate by 25 bps
Published Wed, Apr 30, 2025 · 03:46 PM [BANGKOK] Thailand’s central bank cut its key interest rate by a quarter point for a second consecutive meeting on Wednesday (Apr 30), in a move to support an underperforming economy facing uncertainty over steep US tariffs. The Bank of Thailand’s monetary policy committee voted 5-2 to reduce…
Read MoreDear Abby: I’ve never met my long-distance boyfriend — but he’s always asking for money
DEAR ABBY: I have been in a text relationship for nearly a year. I call it a text relationship because we communicate solely through texting. Because I’m not a video chat person, it doesn’t bother me that we don’t Zoom. Additionally, the few times he has tried to contact me via video, we just don’t…
Read MoreChinese sovereign fund CIC to sell US$1 billion of US private equity investments: sources
[HONG KONG] Chinese sovereign investor China Investment Corporation (CIC) is selling about US$1 billion of its private equity (PE) investment portfolio in the secondary market, two sources with knowledge of the matter said. The assets are held in a number of funds managed by eight US fund managers, including Blackstone and Carlyle Group, said the…
Read MoreDevils’ season ends in crushing fashion with 2OT loss to Hurricanes
RALEIGH, N.C. — Rod Brind’Amour had just watched his Carolina Hurricanes skate through a debacle of a first period, putting them in a three-goal hole on a night they had a chance to advance in the Stanley Cup Playoffs on home ice. So what was he hoping to see in the second period? “Anything,” he…
Read MoreHKEX posts record quarterly profit on trading, listings boom
Hong Kong’s dealmakers are optimistic of a flurry of secondary listings from mainland-traded Chinese firms this year Published Wed, Apr 30, 2025 · 01:49 PM [HONG KONG] Hong Kong’s stock exchange churned out a record profit last quarter and beat estimates, as the bourse rode a trading boom spurred by global market volatility and a…
Read MoreUBS Q1 profit tops expectations on tariff-driven volatility in markets
Published Wed, Apr 30, 2025 · 01:12 PM SWISS bank UBS on Wednesday posted better than expected first-quarter net profit, helped by stronger earnings in trading driven by market turbulence in the wake of US tariff turmoil, which it said could delay corporate deals. Switzerland’s biggest bank reported net profit attributable to shareholders of US$1.7…
Read MoreUBS Q1 profit tops forecasts but Trump tariff shock clouds outlook
[ZURICH] UBS on Wednesday (Apr 30) posted better than expected first-quarter net profit, but the Swiss bank warned of an uncertain outlook as US tariffs raise global growth fears even as the market tumult drove up earnings in its trading activity. Switzerland’s biggest bank reported net profit attributable to shareholders of US$1.7 billion in the…
Read More