Posts by Liam Redmond
SGX’s November securities turnover value up 18%, driven by index stocks and Reits
[SINGAPORE] The trading value and volume of securities on the Singapore Exchange (SGX) rose in November, driven by interest in index stocks and real estate investment trusts (Reits). The bourse operator on Wednesday (Dec 10) said total securities market turnover value rose 18 per cent year on year to S$35.5 billion. Total market turnover volume,…
Read MoreMassachusetts nurse stranded in Costa Rica after hiking fall fractures spine, temporarily paralyzes her legs
A Massachusetts ER nurse is stranded in Costa Rica after falling 15 feet on a hike, fracturing her spine and leaving her legs temporarily paralyzed. Kiara Diaz was on the final day of her vacation with friends on Friday when they decided to take in the views of the tropical Central American nation before flying…
Read MoreCoupang CEO resigns over historic South Korean data breach
[SEOUL] Coupang chief executive officer Park Dae-jun resigned over his failure to prevent South Korea’s largest-ever data breach, which set off a regulatory and political backlash against the country’s dominant online retailer. The company said in a statement on Wednesday (Dec 10) that Park had stepped down over his role in the breach. It appointed…
Read More12,000 Marriott suppliers in Singapore, Malaysia, Indonesia to get same-day invoice financing by OCBC
The partnership gives the hospitality group’s SME suppliers quick and seamless access to capital, and enables them to be more sustainable [SINGAPORE] OCBC and Marriott International have formed a strategic partnership that will enable the hospitality group’s small and medium-sized enterprise (SME) suppliers in Singapore, Malaysia and Indonesia to enjoy same-day invoice financing. Suppliers that…
Read MoreNintendo sheds US$14 billion value after chip squeeze fears grow
The gaming pioneer faces rising memory costs, which threaten to impair margins for its Switch 2 console [HONG KONG/TOKYO] Nintendo’s shares fell as much as 4.7 per cent on Wednesday (Dec 10) to their lowest level since May, weighed down by concerns that the surging price of components including memory chips will erode its profit.…
Read MoreArchaeologists uncover intact section of ancient Jerusalem wall from Hanukkah era
Archaeologists have finished uncovering the longest continuous remains of an ancient wall that encircled Jerusalem, including possible evidence of a 2,100-year-old ceasefire between warring kingdoms. Last week, archaeologists finished excavating the most complete part ever discovered of the foundations of the walls, which surrounded Jerusalem during the time of the Hasmonean Kingdom, when the story…
Read MoreJean-Gabriel Pageau’s injury return sparks Islanders lineup tweak
Forget Christmas. Jean-Gabriel Pageau was back well in time for Hanukkah. Pageau returned from an upper-body injury that kept him out for eight games on Tuesday, rejoining the Islanders to start a three-game homestand against the Golden Knights well ahead of his initial timeline. “It’s never fun to be on the sideline and watching your…
Read MoreCountry music duo shock fans as they announce ‘heartbreaking’ split after 15 years together
Country music duo Maddie & Tae have announced they are taking a break — but assure fans they aren’t breaking up. In a recent interview with People, Maddie Marlow Font and Tae Dye Kerr shared they decided to take a step back from releasing music as a duo, but made clear the separation is not meant to…
Read MoreAmazon to invest over US$35 billion in India on AI, exports
[BENGALURU] Amazon plans to invest more than US$35 billion in India by 2030 to expand its operations by boosting artificial intelligence (AI) capabilities and increasing exports, the US e-commerce giant said on Wednesday (Dec 10), as global tech firms deepen their presence in Asia’s third-largest economy. Major US tech firms have poured billions of US…
Read MoreAccused Georgia high school shooter Colt Gray shows off drastically different appearance at court hearing
A teen accused of carrying out a deadly shooting at a Georgia high school debuted a drastically different appearance during his court hearing on Tuesday, according to photos. A handcuffed Colt Gray, now 15, arrived in court dressed in a preppy outfit featuring a quarter zip, collared shirt, khakis and glasses, with a cut and…
Read MoreOlam unit bags US$1.12 billion dual currency loan facility
It will be used to refinance ofi’s existing loans and for general corporate purposes [SINGAPORE] Agribusiness conglomerate Olam Group said on Wednesday (Dec 10) that its wholly owned subsidiary, Olam Food Ingredients (ofi), secured a multi-tranche dual currency term loan facility of US$1.12 billion. The facility consists of two US dollar tranches of US$775 million…
Read MoreKnicks storm past Raptors to advance into NBA Cup semifinals in Las Vegas
TORONTO — The streaking Knicks are taking their luck to Sin City. Behind an efficient masterclass from Jalen Brunson, the Knicks pummeled the Raptors in Tuesday night’s NBA Cup quarterfinal, 117-101, advancing to Saturday’s semifinal in Las Vegas against the Orlando Magic. Brunson, who thrives in the single-game elimination environment (check out his two NCAA…
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