Posts by Liam Redmond
India’s central bank keeps rates on hold after US trade deal
The central bank has now cut rates by a total of 125 basis points since February 2025 Published Fri, Feb 6, 2026 · 02:15 PM [MUMBAI] The Reserve Bank of India (RBI) kept its key repo rate unchanged on Friday (Feb 6), as expected, amid strong economic growth and reduced tariff pressures following a trade…
Read MoreSchumer rejected Trump’s offer to unfreeze $16B for Gateway tunnel in exchange for renaming Penn Station and Dulles Airport after him
Senate Minority Leader Chuck Schumer (D-NY) rejected an offer from President Trump last month to release $16 billion in federal funds for the Gateway tunnel project in exchange for backing the renaming of New York’s Penn Station and Washington’s Dulles International Airport after him. Schumer reportedly told the president that he didn’t have the power…
Read MoreToyota CEO Sato to step down, to be replaced by CFO Kon
Published Fri, Feb 6, 2026 · 01:37 PM [TOKYO] Toyota Motor chief executive Koji Sato will step down, the world’s largest automaker said on Friday, and will be replaced by the automaker’s chief financial officer, Kenta Kon. Sato, who will become vice-chairman and chief industry officer, will hold a press conference at 3.30 pm (0630…
Read MoreKuok Maritime Group’s PaxOcean opens S$200 million Jurong shipyard
[SINGAPORE] Kuok Maritime Group subsidiary PaxOcean on Friday (Feb 6) opened a S$200 million shipyard at 5 Jalan Samulun. The company falls under Malaysian billionaire Robert Kuok’s Kuok Group. The shipyard, situated in Jurong Industrial Estate, spans about 17.3 hectares and features two large dry docks, one floating dock, expanded quayside capacity and integrated workshops…
Read MoreKuok Maritime Group’s PaxOcean opens S$200 million Jalan Samulun shipyard
[SINGAPORE] Kuok Maritime Group subsidiary PaxOcean on Friday (Feb 6) opened a S$200 million shipyard at 5 Jalan Samulun. The company falls under Malaysian billionaire Robert Kuok’s Kuok Group. The shipyard, situated in Jurong Industrial Estate, spans about 17.3 hectares and features two large dry docks, one floating dock, expanded quayside capacity and integrated workshops…
Read MoreLuckin Coffee’s PE owner gains more control over Chinese chain
The company’s American depositary receipts have gained 24% in the past 12 months Published Fri, Feb 6, 2026 · 12:51 PM [HONG KONG] Centurium Capital consolidated its holding in Luckin Coffee to tighten control over China’s biggest coffee chain. The China-focused investment firm acquired 136.2 million Class B shares from Lucky Cup Holdings, an investment…
Read MoreSingapore bets on K-pop’s soft power for long-term tourism and branding gains
Upcoming BTS concerts expected to lift tourism, though economic impact may be shy of Taylor Swift’s Eras tour effect [SINGAPORE] Exclusive concert deals, destination partnerships and a K-pop training academy – Singapore is betting big on South Korean pop culture as part of a longer-term push to boost tourism and reinforce its position as a…
Read MoreJaxon Smith-Njigba named the NFL’s Offensive Player of the Year, beating Rams star Puka Nacua
To the victors go the spoils. And for Rams wide receiver, that means coming up short on his bid to win the NFL’s Offensive Player of the Year award. Instead, that honor went to Seahawks wide receiver Jaxson Smith-Njigba, who nudged out Nacua, Patriots quarterback Drake Maye, 49ers running back Christian McCaffrey, and Falcons running…
Read MoreGold, silver extend losses on global tech rout, firmer dollar
Investors expect at least two 25-basis-point rate cuts in 2026, with the first one expected in June Published Fri, Feb 6, 2026 · 11:12 AM [BENGALURU] Gold and silver extended losses on Friday (Feb 6) as a global rout in tech equities and a stronger US dollar wiped out most gains made by the metals…
Read MoreInside Singapore’s largest silver vault: How is the metal stored and handled?
[SINGAPORE] It’s not just gold; interest in silver has also picked up among investors here and globally. The white metal’s price crossed US$100 per troy ounce on Jan 23. Since then, though, volatility in the prices of precious metals, including gold, has spiked. Silver has fallen after a fierce rally at the beginning of the…
Read MoreUber ordered to pay US$8.5 million in trial over driver sex assault claims
The company maintains that its drivers are independent contractors rather than employees Published Fri, Feb 6, 2026 · 10:48 AM A US jury ordered Uber on Thursday to pay US$8.5 million after finding it liable in a lawsuit brought by a woman who said she was sexually assaulted by a driver when she was 19,…
Read MoreAI race sends Big Tech’s capital spending to stratospheric high
Each tech giant has laid out a slightly different route to recouping their investments [WASHINGTON] Four of the biggest US technology companies together have forecast capital expenditures that will reach about US$650 billion in 2026, a mind-boggling tide of cash earmarked for new data centres and the long list of equipment needed to make them…
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