Posts by Liam Redmond
Bank of Korea delivers back-to-back rate hike to curb inflation risks
Published Thu, Aug 27, 2026 · 09:38 AM THE Bank of Korea raised its benchmark interest rate at a second consecutive meeting, moving to contain inflation risks fuelled by stronger-than-expected economic growth amid an unprecedented semiconductor boom. The central bank increased its seven-day repurchase rate by a quarter point to 3 per cent on Thursday,…
Read MoreGold consolidates above US$4,600 as investors weigh Fed rate path
Published Thu, Aug 27, 2026 · 09:32 AM [SINGAPORE] Gold consolidated above US$4,600 an ounce as investors weighed the US Federal Reserve’s approach to stubborn inflation ahead of the annual Jackson Hole gathering this week. Bullion rose as much as 0.7 per cent, recovering some of the losses in the previous session. The precious metal…
Read MoreGold drifts higher as investors weigh Fed rate path
The US dollar-debasement narrative remains supportive of the metal in the medium term Published Thu, Aug 27, 2026 · 09:32 AM — Updated Thu, Aug 27, 2026 · 11:38 AM [BENGALURU] Gold prices drifted higher on Thursday (Aug 27) as so-called currency debasement fears lingered, while attention shifted to highly anticipated remarks from US Federal…
Read MoreDon Nelson, late NBA coach, to be honored by Warriors during 2026-27 season
The Warriors are set to honor late NBA coach Don Nelson this season by wearing a band across the shoulder of their uniforms that reads “NELLIE.” Golden State announced the new patch Wednesday for Nelson, who died Aug. 9. Nelson had two coaching stints with the Warriors (1988-1995 and 2006-2010) and had 422 regular-season victories…
Read MoreUOB prices landmark US$1.2 billion dual-tranche euro covered bond offering
[SINGAPORE] UOB has priced a one billion euros (US$1.2 billion) dual-tranche euro-denominated covered bond transaction – the first executed by an Asian issuer, said the bank on Thursday (Aug 27). The bonds were offered under the bank’s US$15 billion Global Covered Bond Programme to capture demand from a broad range of investors while optimising maturity…
Read MoreSingapore police raid Radiant World office as probe widens
The US Justice Department and Commodity Futures Trading Commission are also scrutinising transactions into the company and its creditors Published Thu, Aug 27, 2026 · 08:55 AM SINGAPORE police raided the local office of iron ore trader Radiant World last week and questioned some of the firm’s employees, according to people familiar with the matter, part of…
Read MoreStocks to watch: UOB, ST Engineering, Sembcorp, Thomson Medical
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Aug 27): UOB : The bank on Thursday said it has priced a €1 billion (US$1.2 billion) dual-tranche covered bond transaction across 2-year and 5-year tenors, the first offering of its kind by an Asian issuer. The issuance generated…
Read MoreFernando Cruz’s IL stay leaves Yankees with massive October void to fill
With Fernando Cruz, the Yankees have seen the kind of regression and now injury that they hoped — and arguably needed — to avoid when they did not add (and actually subtracted) from their bullpen at the trade deadline. The normally reliable and high-octane righty, who entered play on July 19 with a 2.20 ERA…
Read MoreJudge dismisses lawsuit by Elon Musk’s X challenging New York hate speech law
The platform’s claim that the act violates the US Constitution’s First Amendment gets rejected Published Thu, Aug 27, 2026 · 08:06 AM [NEW YORK] A US judge on Wednesday (Aug 26) dismissed a lawsuit by Elon Musk’s X seeking to void a New York state law requiring social media companies to disclose how they monitor…
Read MoreHP’s decline in PC shipments overshadows strong results; shares fall
Published Thu, Aug 27, 2026 · 08:00 AM — Updated Thu, Aug 27, 2026 · 08:03 AM HP SAID on Wednesday (Aug 26) its personal computer unit shipments declined in the third quarter, overshadowing the company’s strong results and sending its shares down 10 per cent in extended trading. That overshadowed strong revenue growth of…
Read MorePrudential posts 8% rise in first-half new business profit, expands share buyback
It increased its 2026 share repurchase programme by US$300 million to US$1.5 billion Published Thu, Aug 27, 2026 · 07:38 AM INSURER Prudential reported first-half new business profit largely in line with market expectations on Thursday (Aug 27), driven by strong growth in Hong Kong, Malaysia and Singapore, and expanded its ongoing share repurchase programme by US$300…
Read MoreExclusive | Inside KJ Biermann’s life behind bars at youth jail for sodomy and sexual battery arrest
Kroy “KJ” Biermann Jr.’s life behind bars is looking a lot different from the reality TV world he’s used to. The 15-year-old — who is the son of “Real Housewives of Atlanta” alums Kim Zolciak and Kroy Biermann — is following a rigid daily routine while locked up at Atlanta’s Metro Regional Youth Detention Center,…
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