Posts by Liam Redmond
Bessent sees one or two more Fed chair interviews this week
Trump is slated to interview the central bank governor Chris Waller on Dec 17 for the chair job [WASHINGTON] Treasury Secretary Scott Bessent said there are one or two more interviews this week for the next chair of the US Federal Reserve, with a likely announcement by US President Donald Trump sometime in early January.…
Read MoreDylan Darling breaks through to lead St. John’s in Big East opener over DePaul
So much for Dylan Darling getting buried on the bench. The former starting point guard looked much more like the guy who was the Big Sky Player of the Year than the one who lost his job to Ian Jackson. Darling enjoyed his best game as a Johnnie in the Big East opener for No.…
Read MoreSilver tops US$65 for first time; gold firms as US unemployment rate climbs
[BENGALURU] Silver vaulted past the US$65 mark for the first time on Wednesday (Dec 17), while gold edged higher as weaker US labour data rekindled expectations of interest-rate cuts, pressuring the US dollar and boosting demand for precious metals. Spot silver climbed 2.8 per cent to a record high of US$65.63 an ounce. Gold edged…
Read MoreGold ticks higher as US unemployment climbs in November
[BENGALURU] Gold climbed on Wednesday (Dec 17) after a US jobs report showed the unemployment rate rose in November, buoying bets of further US interest rate cuts next year while pressuring the US dollar and yields. Spot gold gained 0.4 per cent to US$4,318.37 per ounce, as at 9.17 am. US gold futures gained 0.3…
Read More‘Marty Supreme’ NY premiere red carpet: Timothée Chalamet, Gwyneth Paltrow, Fran Drescher, and more
A24’s highly anticipated feature “Marty Supreme” held its New York premiere on Dec. 16. Timothée Chalamet, Gwyneth Paltrow, Fran Drescher, Anna Wintour, and more stepped out to support Josh Safdie’s star studded ping pong film. Scroll through to see all the stars on carpet. Timothée Chalamet Getty Images Gwyneth Paltrow Getty Images Fran Drescher WireImage Anna…
Read MoreTrump orders blockade of sanctioned oil tankers leaving, entering Venezuela
[WASHINGTON] US President Donald Trump on Tuesday ordered a blockade of all sanctioned oil tankers entering and leaving Venezuela, a move set to sharply escalate tensions between Washington and Caracas. It is unclear how the Trump administration will impose the blockade against the sanctioned vessels, and whether he will turn to the Coast Guard to…
Read MoreOUE raises stake in OUE Healthcare to 89.7% with S$20.7 million share purchase
OUE says the transaction is in line with its commitment to the longer-term prospects of OUE Healthcare’s core business [SINGAPORE] OUE has agreed to acquire a 19.3 per cent stake in Catalist-listed OUE Healthcare , amounting to some 858.4 million shares, for an aggregate consideration of S$20.7 million. The real estate and healthcare group on…
Read MoreStocks to watch: Keppel, Keppel DC Reit, CICT, SingLand, UOL, Jardine C&C, F&N, Suntec Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Dec 17): Keppel , Keppel DC Reit : Asset manager Keppel announced on Tuesday that its connectivity division has agreed to sell its stakes in two data centres for a total cash consideration of S$50.5 million to Keppel DC…
Read MoreWaymo in talks to raise billions at over US$100 billion valuation: report
ALPHABET unit Waymo is in talks with potential investors to raise money at a valuation of at least US$100 billion, The Information reported on Tuesday, as competition intensifies in the nascent robotaxi market. The size of the financing round could even possibly exceed US$10 billion, and is expected to be arranged early next year, the…
Read More$2B budget shortfall leaves Mamdani’s freebie-filled agenda with uphill battle: ‘There’s no good news’
Mayor-elect Zohran Mamdani is already facing a hurdle to his freebie-filled agenda with a projected $2.18 billion budget shortfall — with bigger funding gaps possible in the years ahead, a new report said. The budget shortfall could balloon to over $13 billion by 2029 due to underbudgeting of costs and sluggish economic growth, according to…
Read MoreSBI Shinsei Bank to debut after second-biggest Japan IPO of 2025
The lender’s listing has boosted the total volume in the country’s IPO market to a seven-year high [TOKYO] SBI Shinsei Bank will start trading in Tokyo on Wednesday (Dec 17) after raising 322 billion yen (S$2.7 billion) in Japan’s second-biggest initial public offering of the year. The sale saw the shares priced at 1,450 yen…
Read MoreChina chipmaker MetaX jumps 755% after wildly oversubscribed IPO
Chinese IPOs have been strong this year, averaging a 250% pop on the first trading day [SHANGHAI] MetaX Integrated Circuits Shanghai soared in its first day of trading on Wednesday (Dec 17), the latest outsized debut by a Chinese chipmaker after similar gains by Moore Threads Technology earlier this month. MetaX jumped as much as…
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