Posts by Liam Redmond
Asian stocks in retreat as traders eye Fed decision, tech earnings
ASIAN markets retreated on Wednesday following a tepid day on Wall Street as investors bided their time ahead of a highly anticipated Federal Reserve policy announcement later in the day. Earnings from tech giants Oracle and Broadcom this week are also in view amid lingering worries about an AI-fuelled bubble that caused some panic on…
Read MoreTrump fumes Rep. Ilhan Omar does nothing but ‘b—h,’ insists she should ‘get the hell out’ of US
President Trump on Tuesday fumed that Democratic Rep. Ilhan Omar does nothing but “b–ch” — insisting she should be booted from the country after boldly claiming that she married her brother to get US citizenship. “I love this Ilhan Omar, whatever the hell her name is, with the little turban,” Trump said, seemingly referring to…
Read MoreTop Canadian envoy to US will resign ahead of free trade agreement review
Canada’s ambassador to the US for the last six years said Tuesday she’s resigning next year as the two major trading partners plan to review the free trade agreement. Ambassador Kirsten Hillman said in a letter it is the right time to put in place someone who will oversee talks about the United States-Mexico-Canada Agreement…
Read MoreTemasek-owned SeaTown raises about US$900 million as of second close of third private credit fund
This comes four months after its first close of over US$612 million back in August [SINGAPORE] SeaTown, owned by Temasek’s asset management group Seviora, has raised about US$900 million as of the second close of its Private Credit Fund III (PCF III), the investment manager said on Wednesday (Dec 10). This close comes four months…
Read MoreDavid Stearns doing things his way just took his Mets pressure to whole new level
ORLANDO, Fla. — This was not a megamarket day for the Mets. This was not a step toward being the East Coast Dodgers. Not when the Dodgers beat you by relative pennies to steal a player you want. Not when the team that has nearly everything — including the last two championships — keeps you…
Read MoreWorld’s largest airline caterer Gategroup, co-owned by Temasek, said to ready for IPO
THE world’s biggest in-flight caterer Gategroup Holding AG is preparing for an initial public offering as soon as the second half of next year, people familiar with the matter said. The company has held talks with potential advisers as it considers a listing, the people said, asking not to be identified as the information isn’t…
Read MoreWorld’s largest airline caterer Gategroup, co-owned by Temasek, said to be prepping for IPO
THE world’s biggest in-flight caterer Gategroup Holding AG is preparing for an initial public offering as soon as the second half of next year, people familiar with the matter said. The company has held talks with potential advisers as it considers a listing, the people said, asking not to be identified as the information isn’t…
Read MoreA guide to the Nvidia chips at the centre of US-China AI rivalry
[SAN FRANCISCO] As China races to catch up with the US in artificial intelligence (AI) technology, the state of relations between the countries can be gauged by looking at which of the chips made by Silicon Valley’s Nvidia can be shipped to Chinese customers. Generally regarded as the global leader in AI hardware, the company…
Read MoreAriana Grande attacker gets kicked out of Lady Gaga concert in Australia
The Mayhem Ball was one little monster short on Tuesday. Ariana Grande attacker Johnson Wen was kicked out of Lady Gaga’s concert in Australia hours before the singer was set to take the stage. Videos shared online showed the influencer being escorted out of Suncorp Stadium in Brisbane by employees. In the clip, many other…
Read MoreFed chair front-runner Hassett says ‘plenty of room’ to cut rates
[WASHINGTON] White House economic adviser Kevin Hassett, the front-runner to be the Federal Reserve’s next chair, told the WSJ CEO Council on Tuesday there is “plenty of room” to cut interest rates further, though he added that if inflation rises the calculation may change. Meanwhile, President Donald Trump said he continues to search for a…
Read MoreShould CapitaLand Ascendas Reit rejig its portfolio further in favour of data centres and life sciences assets?
With the Reit in a prime position to capitalise on its advantage in such assets, this is the right time to seize the opportunities [SINGAPORE] CapitaLand Ascendas Reit’s (Clar) portfolio has seen a fair amount of activity in the past few months. It has divested some of its legacy logistics assets while growing its exposure…
Read MoreExclusive | Eric Adams lets it rip on Mamdani’s rent freeze plan — and says he’ll shop for homes in ‘other parts of the city’
Mayor Eric Adams is taking a victory lap on his way out of Gracie Mansion, touting the 130,000 potential new apartments his administration paved the way for in just one term. “The record does not lie,” Adams told The Post. But the record is far from spotless. Adams’ administration was plagued by corruption scandals, which…
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