Posts by Liam Redmond
Wrongfully detained US teacher Marc Fogel calls Trump a ‘hero’ during White House meeting after release from Russian prison
Pennsylvania teacher Marc Fogel called President Trump “a hero” Tuesday in his first remarks since the president’s administration secured his release from a Russian prison. “I want you to know that I am not a hero in this at all. And President Trump is a hero,” Fogel said after meeting Trump at the White House.…
Read MoreTrump’s crypto company launches strategic ‘token reserve’
WORLD Liberty Financial (WLF), the new crypto platform in which US President Donald Trump holds a financial stake, announced that it was unveiling a strategic token reserve designed to bolster Bitcoin, Ethereum and other cryptocurrencies “that are at the forefront of reshaping global finance”. WLF said on Tuesday (Feb 11) that its new token reserve…
Read MoreBorder czar Tom Homan says he’s meeting with Eric Adams Thursday – will try to hammer out agreement on arresting, deporting illegal migrants
President Trump’s border czar Tom Homan revealed Tuesday that he will meet with Eric Adams later this week in an effort to secure a commitment from the New York City mayor to help round up and deport illegal criminal migrants. “I’m coming up there Thursday to meet with the mayor – either he comes to…
Read MoreCBA’s first-half profit beats estimates on strong asset quality, lending volume growth
COMMONWEALTH Bank of Australia’s (CBA) first-half cash earnings beat estimates on Wednesday (Feb 12), as lending volume growth and lower provisions for bad debts offset higher technology costs. Shares of the company fell 0.9 per cent in early trading as analysts said the results raised questions about the lofty valuation of Australia’s top lender. CBA…
Read MoreAustralia’s CBA first-half profit beats estimates on strong asset quality, lending volume growth
COMMONWEALTH Bank of Australia’s (CBA) first-half cash earnings beat estimates on Wednesday (Feb 12), as lending volume growth and lower provisions for bad debts offset higher technology costs. Shares of the company fell 0.9 per cent in early trading as analysts said the results raised questions about the lofty valuation of Australia’s top lender. CBA…
Read MoreGold falls as traders hunker down for US inflation print
GOLD eased on Wednesday (Feb 12), after hitting an all-time high in the previous session on global trade war fears triggered by US President Donald Trump’s new tariffs, as the market’s focus shifted to a key US inflation report. Spot gold fell 0.1 per cent at US$2,895.23 per ounce, as at 0033 GMT, after climbing…
Read MoreLA Latinos hunker down before planned ICE raids: ‘Everybody is scared’
President Trump’s immigration crackdown and reports of an impending federal sting operation have sent waves of fear through Los Angeles’ Latino community — and even legal residents are on the lookout for the feds. Following leaked documents revealing plans for a citywide Immigration and Customs Enforcement raid at the end of the month, nervous Central…
Read MoreBlackRock, FDIC seek to end regulatory row over bank stakes
The FDIC wants disclosures on any potential effort by large asset managers to sway banks where they have sizeable stakes BLACKROCK and the Federal Deposit Insurance Corporation (FDIC) are trying to resolve a months-long dispute over the asset manager’s stakes in US banks, according to sources familiar with the matter. Negotiations began before a Feb…
Read MoreSingapore shares rise at Wednesday’s open; STI up 0.5%
SINGAPORE shares began Wednesday (Feb 12) trading in positive territory as markets abroad logged mixed results. As at 9.01 am, the Straits Times Index (STI) was up 0.5 per cent or 19.87 points at 3,880.63. Across the broader market, gainers outnumbered losers 55 to 42 after 52.5 million securities worth S$61.8 million changed hands. Catalist-listed…
Read MoreChina quants rebound on stocks rally as investors woo new stars
CHINESE quantitative hedge funds saw a strong rebound in the final quarter of 2024, saving the industry from an otherwise bruising year marked by record drawdowns and regulatory clampdown. On average, quant long-only products beat stock market benchmarks by 9.9 percentage points last year, mostly on the back of returns in the fourth quarter, according…
Read MoreNanofilm acquires 2 German companies for 3.1 million euros
The proposed acquisition aims to accelerate the group’s business expansion in Europe NANOFILM Technologies’ wholly owned subsidiary, Nanofilm AM Germany, is acquiring two German companies for 3.1 million euros (S$4.3 million). The nanotechnology solutions provider said on Wednesday (Feb 12) that it has entered into a sale and purchase agreement on Tuesday with Burkhard Scholz,…
Read MoreLakers sign center Alex Len to fill major roster hole after nixed Mark Williams trade
The Lakers finally got their new center. Days after their trade for Hornets big man Mark Williams fell apart, the Lakers signed free agent 7-footer Alex Len on Tuesday. Len fills a hole at the Lakers’ center position left by Anthony Davis after he was dealt to the Mavericks in their shocking blockbuster trade for…
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