Posts by Liam Redmond
Asian 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…
Read MoreJay-Z, Blue Ivy take in Lakers-Spurs game with courtside seats
It was daddy-daughter date night at Crypto.com Arena for Jay-Z and Blue Ivy on Wednesday — and the two had a pair of sweet seats for the big Lakers game. LeBron James, Luka Doncic and the rest of the Lakers took on the Spurs in the last NBA Cup quarterfinal matchup of the week, and…
Read MoreLi Ka-shing’s US$19 billion ports sale slows due to complex talks
CK Hutchison has said that it would not proceed with a transaction that did not have the approval of all relevant authorities [HONG KONG] Hong Kong tycoon Li Ka-shing’s attempt to sell dozens of CK Hutchison Holdings global ports, including two in the strategically key Panama Canal, has slowed as negotiators try to untangle a…
Read MoreAsian traders cheer US rate cut but gains tempered by outlook
MOST Asian markets rose on Thursday as traders welcomed the Federal Reserve’s third straight interest rate cut, though the euphoria was tempered by an indication officials could hold off another reduction any time soon. While the move had been priced in for several weeks, investors were cheered by the fact that bank boss Jerome Powell…
Read MoreLA mom orders driverless Waymo taxi for daughter, finds man hiding in trunk claiming ‘the people’ trapped him: video
A woman who ordered a self-driving Waymo ride for her daughter was horrified to find a neurotic man in the car’s trunk, and the viral video of their bizarre interaction is ushering in a wave of new criticism of the driverless taxi company and its safety standards. In the video, shared on TikTok, the passenger’s…
Read MoreExclusive | Giants players reveal to The Post what they won’t accept in a new coach
New York was never going to scare Jaxson Dart. This is what he is hoping for in the next head coach of the New York Football Giants: “Obviously a great leader, somebody who can bring people together,” Dart told The Post, “and honestly I think that the coaches I’ve had [ Lane Kiffin at Ole…
Read MoreHong Kong IPO boom obscures sharp drop in underwriter fee rates
The booming overall pipeline means banks may be less inclined to cut fees to win business [HONG KONG] Investment banks are on track to take home their smallest slice of underwriting fees from Hong Kong listings in years, even as share sales in the city have staged a blistering rebound. Companies going public in the…
Read MoreMalaysia’s long-awaited electric train service linking KL and JB makes its debut in preview run
[KUALA LUMPUR] Just before dawn broke on Dec 11, Malaysia’s new electric train service (ETS) linking Kuala Lumpur to Johor Bahru rolled out of the Kuala Lumpur Railway Station on a media preview run, a day ahead of its official launch on Dec 12. The train is bound for Kempas Baru station in Johor Bahru,…
Read MoreNoodle maker Leong Guan’s shares open 8.7% up from IPO price on Catalist debut
The company’s placement of about 20.7 million shares at S$0.23 apiece has brought in S$4.75 million [SINGAPORE] Shares of food manufacturing and distribution company Leong Guan Holdings opened 8.7 per cent up from its initial public offer price (IPO) on Thursday (Dec 11) on its trading debut on the Catalist board. Trading opened at S$0.25…
Read MoreNoodle maker Leong Guan’s shares close 4.3% higher on Catalist debut
The company’s placement of about 20.7 million shares at S$0.23 apiece has brought in S$4.75 million [SINGAPORE] Shares of food manufacturing and distribution company Leong Guan climbed 10.7 per cent from their initial public offer (IPO) price on Thursday (Dec 11) at their trading debut on the Catalist board. The counter was at S$0.255 by…
Read MoreHungover Russians thwart Ukraine’s ‘Pearl Harbor’-style attack on Moscow: report
An abundance of hungover Russian drivers forced Ukraine to delay its “Pearl Harbor”-style attack on Moscow’s bomber fleet, just one of the hiccups that nearly thwarted the secret operation, according to a new report. After Kyiv successfully sneaked dozens of drones into Russia for the unprecedented attack this past spring, the Security Service of Ukraine…
Read MoreHarvey Norman operator Ossia sets up new unit; buys leasehold property, Global Ten Realty
[SINGAPORE] Harvey Norman operator Ossia on Wednesday (Dec 10) said it set up a new special purpose vehicle, Ossia Capital, to hold its property investment entities. Ossia Capital in turn established a property investment unit, OSA 1, which will buy a leasehold property at 21 Tan Quee Lan for S$14 million from Santa Grand Investments.…
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