Posts by Liam Redmond
US: Wall St subdued at open as markets await tariff details
WALL Street’s main indexes opened flat on Friday (Feb 14), as investors awaited more clarity on US President Donald Trump’s reciprocal tariff plans after robust gains in the last sessions, with all three benchmarks set for weekly gains. The Dow Jones Industrial Average rose 9.6 points, or 0.02 per cent, at the open to 44720.99.…
Read MoreMAS review group incentives could pull in regional biotech, fintech players: observers
High-growth companies in the technology, healthcare and sustainability-linked industries are potential entrants, too MARKET watchers believe tax incentives proposed by the Monetary Authority of Singapore’s (MAS) equities market review group will appeal to regional companies across a wide range of industries, including biotech, fintech and renewable energy. “Sectors that rely on long-term capital, high-growth equity,…
Read MoreBordeaux wine harvest drops to lowest level since 1991
Cold weather, disease and capacity cuts pushed wine production in France’s Bordeaux region last year to a low not seen in three-and-a-half decades, the local industry body said on Friday (Feb 14). Often called the world’s most famous wine country, Bordeaux – France’s biggest wine region – produces the iconic Medoc, Saint-Emilion, and Pomerol high-end…
Read MoreAll-Star Games are officially dead across sports — who is to blame?
How did we get here? This month opened with the Pro Bowl Games, which featured a flag football game with no helmets, pads or linemen, and relay races. The NHL All-Star Game was replaced by the new 4 Nations Face-Off, half composed of Nordic countries. The NBA All-Star Game is now a four-team mini-tournament, which…
Read More‘Work wife’ Valentine’s cards spark heated debate about appropriateness of workplace relationships
A line of Valentine’s Day cards out this holiday sparked outrage on social media and heated debate about the appropriateness of workplace relationships. In a now-viral TikTok, a woman shopping for Valentine’s cards this week expresses shock to find cards addressed to a “work wife” or a “work husband.” “Work wife” or “Work husband” is…
Read MoreSingapore shares buck regional trend; STI slips 0.1%
SINGAPORE shares ended in the red on Friday (Feb 14), after hitting a record high earlier in the week. The benchmark Straits Times Index (STI) lost 0.1 per cent or 5.08 points to 3,877.50, even as most regional markets ended higher. Across the broader market, gainers beat losers 349 to 219, after 1.5 billion securities…
Read MoreAI to transform wealth management, Microsoft executive says
ARTIFICIAL intelligence will bring major upheaval to wealth management, a Microsoft executive said, as the technology’s potential to process information vastly reduces the hurdles required to compete with established banks. AI’s ability to condense financial data will allow just a few people to offer services that previously occupied entire teams in a bank, said Martin…
Read MoreUS deports 119 migrants from a variety of nations to Panama
Panama has received the first US flight carrying deportees from other nations as the Trump administration takes Panama up on its offer to act as a stopover for expelled migrants, the Central American nation’s president said Thursday. “Yesterday a flight from the United States Air Force arrived with 119 people from diverse nationalities of the…
Read MoreTeam USA hits strong first note, but music will be blaring vs. Canada
MONTREAL — There was an absence of the pomp and circumstance that accompanied Wednesday’s Canada-Sweden opener of this 4 Nations Face-Off. There was also an absence of electricity both on the ice and in the stands for this match between the USA and Finland that had been evident in the rink 24 hours earlier. But…
Read MoreSGX falls 5.8% as initial MAS review group proposals dampen earlier optimism; Citi downgrades stock to ‘sell’
The counter could potentially give up much of its gains since unveiling its first-half results SHARES of Singapore Exchange (SGX) fell as much as 6.3 per cent or S$0.85 to S$12.62 on Friday (Feb 14) as investors were less than impressed with the initial proposals to revive the equities market. The counter closed at S$12.69,…
Read MoreUnfiltered Shaq bluntly tells America how he feels about TNT’s race to the board: ‘F–k it!’
Shaquille O’Neal has never been one to censor himself, and that didn’t change on Thursday’s edition of “Inside the NBA.” O’Neal was walking back to the desk when he dropped the pair of cuss words, drawing laughter from his fellow panelists. Shaq: “We getting fired anyway Ernie f*ck it” 😭😭😭 pic.twitter.com/DYLNSQeeAu — BricksCenter (@BricksCenter) February…
Read MoreGeopolitical concerns add to woes for pre-IPO activity, M&As for Chinese companies
GROWING geopolitical concerns from the trade tensions between the US and China are compounding an already-cautious outlook among investors on pre-listing activities and mergers and acquisitions (M&A) involving Chinese firms. Pictet Asset Management, for one, in November projected a renaissance in the number of initial public offerings (IPOs) from Asia this year, spurred mainly by…
Read More