Posts by Liam Redmond
Gold holds steady after weak US jobs data reinforce rate-cut bets
[BENGALURU] Gold prices held steady above the US$4,200 mark on Thursday (Dec 4), buoyed by weak private payrolls data that reinforced expectations of a US interest rate cut at the US Federal Reserve’s monetary policy meeting next week. Spot gold held its ground at US$4,207.56 per ounce, as at 9.04 am. US gold futures for…
Read MoreNYC congestion tolls STILL just a cash grab — can Trump kill it soon?
New Post reporting reveals the widely hated congestion-pricing scheme isn’t delivering on its promises; Let’s hope President Donald Trump can soon make good on his promise to kill it. The tech company TomTom reports traffic in the zone has dropped about 4% in the first third of the year, in contrast to Gov. Kathy Hochul’s…
Read MoreRinggit rally, fiscal strength fuel Malaysia’s bond momentum
[KUALA LUMPUR] Malaysia’s improving fiscal outlook, moderating inflation and resilient currency are enhancing the appeal of its bonds, positioning them for continued gains into next year. Global funds have poured about US$1.3 billion into Malaysia’s corporate and government bonds in November, the largest inflows since May, according to Bloomberg-compiled data. Citigroup, Fidelity International and State…
Read MoreGoldman, BlackRock rush to fill wealth-advice void in Australia
As governments everywhere struggle with ageing populations and ballooning deficits, the country’s superannuation system stands out as a model – with a warning [MELBOURNE] On one of Larry Fink’s frequent trips to Australia, the BlackRock chief sized up a boutique finance firm run by an Olympic swimming champ, a prelude to a A$25 million (S$21.4…
Read MoreStocks to watch: Cordlife, DFI Retail Group, SingLand, Tuan Sing, Vibrant Group
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Dec 4): Cordlife : The cord-blood bank is facing claims of at least S$5.45 million in damages from clients who stored 109 cord-blood units with the company. The board warned that an order to pay the claims would hurt…
Read MoreShopRite employee ignited blaze inside packed NYC supermarket day before Thanksgiving: FDNY
A 21-year-old Staten Island ShopRite employee was arrested for allegedly starting a raging fire that caused over $100,000 in damages inside the supermarket the day before Thanksgiving, according to authorities. Dominick Sacchetti was cuffed Wednesday for allegedly setting off the Nov. 26 blaze inside the bustling grocery store on Greaves Lane, where many shoppers were…
Read MoreNvidia scores lobbying win as Congress rejects chip export bill
Lawmakers are working on another bill, the Safe Act, which would codify existing limits on AI chip sales to China [WASHINGTON] Nvidia is on the verge of securing a massive lobbying win after US lawmakers kept a measure out of must-pass defence legislation that would have limited the company’s ability to sell their advanced artificial…
Read MoreNew bombshell twist in DC National Guard terrorist investigation: Was the shooter blackmailed by the Taliban?
A potential new twist in the investigation into Rahmanullah Lakanwal, the alleged terrorist who ambushed two national service guard members, killing one and critically injuring another. Sources told the Daily Beast that they’re investigating a lead that Lakanwal might’ve been blackmailed by the Taliban, who may have threatened to murder his family in Afghanistan if…
Read MoreIntel says it will keep networking and communications unit
The chip maker has considerably improved its cash position as a result, finance chief Dave Zinsner says [SAN FRANCISCO] Intel said on Wednesday (Dec 3) that it has opted to keep its networking and communications unit in the company following a review of strategic options for the unit. Intel had previously explored selling various assets…
Read MoreWhite House hits back at Sabrina Carpenter, quoting her lyrics after ICE video backlash
White House hits back at Sabrina Carpenter, quoting her lyrics after ICE video backlash Next Previous Source link
Read MoreEuropean shares end flat; Inditex jumps on strong November sales
[BENGALURU] European shares ended largely steady on Wednesday (Dec 3), aided by gains for technology that offset sharp declines in financials, while Inditex surged to a near one-year high on a strong start to the winter sales. The pan-European Stoxx 600 closed 0.1 per cent higher at 576.22 points, while major regional indexes in Germany…
Read MoreMatthew Perry’s ‘Dr. Ketamine’ sentenced to more than 2 years in prison for his role in ‘Friends’ star’s OD death
The crooked doctor accused of exploiting beloved sitcom actor Matthew Perry’s well-known addiction battle — and cruelly asking, “how much this moron will pay?” — was slapped with prison time Wednesday for the “Friends” actor’s overdose death. Los Angeles federal court Judge Sherilyn Peace Garnett sentenced Dr. Salvador Plasencia, 43, to 2 1/2 years for…
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