Posts by Liam Redmond
SpaceX IPO fever sparks hunt for proxy plays in Asia
Published Tue, Jun 9, 2026 · 03:41 PM [SINGAPORE] SpaceX’s US$75 billion IPO is programme a frenzy among investors in Asia for ETFs and supply chain partners linked to Elon Musk’s rocket company that are likely to benefit from the blockbuster deal. Shares of satellite and rocketry-related companies worldwide have surged as everything from Starlink…
Read MoreTrump hits back at Stephen A. Smith after ESPN analyst ranted he would blame president for Knicks defeat
President Trump hit back at Stephen A. Smith before leaving New York just after midnight Tuesday after the ESPN analyst wildly ranted he would blame the president if the Knicks lost Game 3 in the NBA finals. Smith, who has been touted as a Democratic candidate for the 2028 election cycle, claimed Trump had “no…
Read MoreHow Honda’s old guard tried, and failed, to oust its CEO
[TOKYO] Late last year, a handful of retired Honda Motor executives started meeting privately to discuss the Japanese automaker’s troubles and the person they believed was the cause: chief executive Toshihiro Mibe. Over months of text messages, as well as meetings and meals that sometimes included current executives, they laid out a case against the…
Read MoreBank of Japan to consider pausing bond taper next fiscal year: sources
It is also expected to raise its short-term policy rate to 1 per cent from 0.75 per cent at next week’s meeting Published Tue, Jun 9, 2026 · 03:01 PM [TOKYO] The Bank of Japan will consider maintaining the current pace of bond purchases beyond next fiscal year, sources said, pausing a taper process that…
Read MoreGLP aims for US$2 billion of asset sales this year: sources
The moves aim to strengthen the company’s finances and reassure investors before its upcoming IPO Published Tue, Jun 9, 2026 · 02:19 PM [SINGAPORE] GLP told some bondholders during meetings in recent days that it aims to sell around US$2 billion of assets this year, according to people familiar with the matter, as the logistics…
Read MoreIndonesia raises rates in surprise move to support sinking rupiah
Published Tue, Jun 9, 2026 · 02:19 PM [JAKARTA] Indonesia’s central bank raised interest rates by 25 basis points on Tuesday (Jun 9) in an unexpected off-cycle rate hike, taking the benchmark rate to 5.5 per cent as it moves to stabilise the rupiah. Bank Indonesia (BI) said in a statement that the off-cycle rate…
Read MoreIndonesia races to plant rice early against risk of El Nino
The phenomenon usually brings hot, dry weather to Asia and excessive rains to the Americas Published Tue, Jun 9, 2026 · 01:42 PM [CIREBON, Indonesia] Under a hazy morning sky, Indonesian rice farmer Teguh Basuki is racing to get ahead of his usual planting schedule in West Java as he battles the threat of a…
Read MoreLandry Shamet brought back to earth in NBA Finals Game 3 after heroic run
The NBA Finals returned to Madison Square Garden. And Landry Shamet returned to earth. Entering Game 3 of the NBA Finals, Shamet had been one of the postseason’s best stories, riding the best eight-game 3-point shooting stretch in playoff history after being booted from the rotation in the first round. But Mike Brown’s most trusted…
Read MoreThe Knicks’ cakewalk ended with a harsh NBA Finals reality check
Welcome back, Knicks fans. This is what the playoffs are supposed to feel like, you know. This is what they look like. You’d been allowed to forget that all across the 45 days that connected their second and third losses in these playoffs. You’d been allowed to feel it was almost … low stress. Easy…
Read MoreS-Reits ‘positioned for recovery’ as yield spreads widen: analysts
The sector offers a yield spread of about 3.8 to 4 per cent over 10-year Singapore government bonds, say DBS and UOBKH [SINGAPORE] Singapore real estate investment trusts (S-Reits) could be undervalued defensive plays thanks to peaking interest costs and widening yield spreads that indicate a sectoral turnaround. Despite the overhang of higher-for-longer global benchmark…
Read MoreKnicks coach Mike Brown fumes at refs over free-throw disparity after Game 3 loss to Spurs
Knicks head coach Mike Brown called out the referees over the drastic second-half free-throw disparity after their Game 3 NBA Finals loss Monday night at Madison Square Garden. The Spurs cut the Knicks’ series lead to 2-1 with a 115-111 victory after attempting 24 free throws in the second half, while the Knicks had only…
Read MoreIran’s procurement network had an Orange County address
Federal prosecutors have alleged that an Orange County technology executive, Jamshid Ghomi, 63, spent years supplying US equipment to Iran’s nuclear program and to entities linked to the Iranian Revolutionary Guard Corps (IRGC). Meanwhile, he enjoyed a comfortable life in Newport Coast, one of Orange County’s most exclusive enclaves. The case exposes a blind spot…
Read More