Posts by Liam Redmond
OCBC misses estimates with Q4 earnings of S$1.69 billion; unveils S$2.5 billion capital return plan
OCBC on Wednesday (Feb 26) posted a net profit of S$1.69 billion for the fourth quarter ended December, up 4 per cent from S$1.62 billion in the previous corresponding period. The earnings fell short of the S$1.78 billion consensus forecast in a Bloomberg survey of five analysts. OCBC on Wednesday announced plans to return S$2.5…
Read MoreHow to Build Wealth for Retirement: Smart Investing Strategies
If you want to build wealth for retirement, it will require careful planning, disciplined investing, and a long-term perspective. Whether you are a young professional just beginning your career or a seasoned CEO managing a company, ensuring financial security for your future should be a top priority. The traditional notion of retirement is changing, with…
Read MoreThis billionaire has been outed as the newest owner inside NYC’s most prestigious co-op
Hedge fund billionaire Ken Griffin has expanded his high-end real estate empire with the $45 million purchase of a duplex at 740 Park Ave., Manhattan’s most prestigious co-op building. The deal, according to sources who spoke to the Wall Street Journal, marks the latest addition to Griffin’s portfolio of ultra-luxury properties. The seller was Julia…
Read MoreCoupang profit beats estimates, even as sales growth slows
COUPANG, the largest e-commerce company focused on South Korea, handily beat profit estimates for the fourth quarter, even as sales grew more slowly than expected during the period. The online retailer’s net revenue rose 21 per cent to US$7.97 billion in the quarter ended Dec 31, compared with an average analyst projection of US$8.08 billion.…
Read MoreGoogle loses fight on Android Auto access, bodes ill for Big Tech
ALPHABET unit Google’s refusal to let an Enel e-mobility app access its Android Auto platform can be considered an abuse of its market power, Europe’s top court said on Tuesday in a ruling that could force Big Tech to make it easier for rivals to operate on their platforms. In 2021, Italy’s antitrust authority fined…
Read MoreTesla market value slips below US$1 trillion as Europe sales sink
The shares have now cumulatively fallen 16 per cent in four straight trading sessions of losses A QUICK unwind in the shares of Tesla pushed the electric vehicle (EV) maker’s market capitalisation below the coveted US$1 trillion mark on Tuesday (Feb 25), amid reports of a stark slowdown in car sales in Europe. The Elon…
Read MoreJoe Schoen’s message to Saquon Barkley after Super Bowl win with Eagles
Joe Schoen has no hard feelings toward Saquon Barkley after his Super Bowl win. The Giants general manager had only kind words for the Eagles running back during a press conference at the NFL Scouting Combine on Tuesday. “I’m happy for Saquon,” Schoen said. “Obviously he went on to win the Super Bowl and we…
Read MoreMAS review group initiatives to benefit banks, Reits in near term
DIVIDEND-PAYING players such as banks and real estate investment trusts (Reits) may gain in the near term from the first set of measures by the Monetary Authority of Singapore (MAS) to revitalise the local stock market, analysts said. DBS, UOB and OCBC, which pay strong dividends, may see more allocations from new applicants to Singapore’s…
Read MoreTrump’s unwavering plan to end congestion pricing: Letters to the Editor — Feb. 26, 2025
The Issue: President Trump’s plan to kill congestion pricing in New York, despite pleas from Gov. Hochul. President Trump’s welcome cancellation of the congestion-pricing money grab should only be Step 1 (“Trump: Kat’s wrong; I will kill congest toll,” Feb. 23). Next, he should withhold all federal funding for the bloated MTA until the agency…
Read MoreBLACKPINK’s Lisa to Make History as First K-Pop Star to Perform at the Oscars Alongside Doja Cat and RAYE
Popular K-pop sensation Lisa, a member of the K-pop band BLACKPINK, is set to perform at the 97th Academy Awards on March 2. She will be the first K-pop artist in history to take the Oscars stage, marking a major milestone for both her career and the global influence of K-pop. She will be joined…
Read MoreChelsea vs Southampton Live Streaming: How to Watch the Premier League Match Online in the US, UK and India
Chelsea and Southampton will be desperate to get back to winning ways when they meet at Stamford Bridge on Tuesday. The 2024/25 Premier League season continues with Gameweek 27, kicking off with three simultaneous matches before ending with Chelsea hosting Southampton in the final game of the day. Sometime back, Chelsea looked like an unexpected…
Read MoreKey bridge to Hamptons shutters abruptly indefinitely after structural problem spotted
A key bridge to the Hamptons has been abruptly and indefinitely closed by the state because of a worrisome chipping-away of one of its concrete supports. The iconic Ponquogue Bridge connecting Hamptons Bay to Ponquogue Beach was shut down by the state Department of Transportation on Feb. 21 over signs of “spalling” in the support…
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