Posts by Liam Redmond
Singtel hit with S$1 million fine for 2024 disruption that affected over 500,000 users
The incident on Oct 8 last year affected more than 500,000 users for more than four hours [SINGAPORE] The Infocomm and Media Development Authority (IMDA) imposed a S$1 million fine on Singtel for a 2024 voice disruption, it said on Thursday (Dec 11). The October incident last year affected about 500,000 of Singtel’s residential and…
Read MoreSwiss National Bank holds interest rate at zero, cuts inflation forecast
The outcome shows the central bank setting a higher bar for moving negative than for a standard rate cut [ZURICH] The Swiss National Bank kept its interest rate at zero, judging that a weakened inflation outlook doesn’t yet justify a return to negative borrowing costs. The decision on Thursday (Dec 11) marks the second quarterly…
Read More‘Woke’ social media user blasted for having a ‘decolonized Christmas’
A California social media influencer is facing backlash for having a “decolonized Christmas” as she bucks traditional foods and presents for native and indigenous recipes and gifts. Elise Bonilla-Myers, who goes by “glutenfree_girlfriend” on social media shared tips to her TikTok and Substack subscribers on the ways she is “decolonizing” this holiday season. She shared…
Read MoreBank of Japan reluctant to intervene on rising yields, sources say
The recent rises are due to investors taking a wait-and-see approach on uncertainty over how far the BOJ can eventually raise rates [TOKYO] The Bank of Japan (BOJ) sees a limited need for emergency intervention to restrain rising bond yields, a move that runs counter to its effort to roll back stimulus, three sources familiar…
Read MoreTaylor Swift fires back with four-word message to critics who tell her to ‘go away’
Taylor Swift has a simple response to critics who tell her it’s time to step out of the spotlight. During her Wednesday appearance on “The Late Show with Stephen Colbert,” the 35-year-old singer spoke about the people she can turn to for advice in the industry, saying one of the things she “look[s] up to the…
Read MoreIndia’s aviation watchdog deploys monitors to IndiGo offices
These teams are required to give daily reports to the Directorate General of Civil Aviation [NEW DELHI] India’s aviation regulator, in an unprecedented move, deployed two on-site teams at IndiGo’s corporate office to monitor operations at India’s largest carrier, which cancelled over 3,000 flights last week and caused massive air disruption. These teams are required…
Read MoreDBS bullish on developers, hikes up target prices for CDL, UOL, GuocoLand
The increase comes on lower interest rates and plans by developers to recycle capital and rejuvenate assets [SINGAPORE] DBS Research has taken a bullish stance on Singapore property counters, initiating a sector-wide lift in its target prices for property developers including CDL, UOL and GuocoLand. Based on the bank’s revised target prices for these companies,…
Read MoreHongkong Land shares end 5.5% higher on S$1.45 billion sale of MBFC stake
The group is selling its share to Keppel Reit, which will have a two-thirds interest in the property upon completion [SINGAPORE] Shares of Hongkong Land rose on Thursday (Dec 11) following news of the S$1.45 billion sale of its stake in Marina Bay Financial Centre (MBFC) Tower 3 to Keppel Reit. The counter ended Thursday…
Read MoreMore dissenters could signal increased resistance to future Fed rate cuts
Investors should be positioned for the Fed to continue easing at least once more in 2026, say analysts THE US Federal Reserve’s expected interest rate cut and its surprisingly rosy view of the US economy caused stock gains on Wednesday (Dec 10), although those gains were somewhat limited as the fog of the recent 43-day government…
Read MoreRachel Maddow regrets not pressing Kamala Harris more during interview about ‘107 Days’ memoir
MS NOW host Rachel Maddow revealed on Tuesday she wished she had pressed former Vice President Kamala Harris more during a September interview about the 2024 Democratic nominee’s book. Maddow told former Democratic National Committee Chair Jaime Harrison during his “At Our Table” podcast that she knew Harris was blunter, sharper and more “cutting” off camera and said it…
Read MoreFood influencer Michael Duarte’s cause of death revealed more than a month after he was shot dead by police
The shocking cause of death for the California-based food influencer Michael Duarte has been revealed more than a month after he was shot and killed by a Texas sheriff’s deputy. Duarte — known online as FoodWithBearHands — died from a gunshot wound, and his death was officially ruled a homicide, a spokesperson for the Bexar…
Read MoreAsian markets mixed post Fed cut; fundamentals should matter more with upcoming pause: analysts
The STI, Hang Seng Index and KLCI saw slight gains, while Nikkei and Kospi retreated [SINGAPORE] Asian markets were mixed on Thursday (Dec 11) after the US Federal Reserve met expectations and cut interest rates by 25 basis points overnight. Analysts expect some rallying in the markets in the short term, although company fundamentals will…
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