Posts by Liam Redmond
STI, Asia markets retreat after Dow dives nearly 900 points on Trump tariff threats
[SINGAPORE] Singapore shares were trading lower on Wednesday (Jan 21), mirroring losses in markets abroad after new tariff threats by US President Donald Trump sparked massive Wall Street sell-offs. The Straits Times Index (STI) fell 0.6 per cent or 27.27 points to 4,800.73, with around 61 million shares worth S$103.8 million changing hands as at…
Read MoreTrump touts ‘worst of the worst’ criminal migrants captured in Minnesota thanks to ‘patriot’ ICE agents
He’s making America safe again. President Trump lauded the work of his “patriot” ICE agents as he flashed mugshots of some of the most heinous illegal immigrant criminals the administration has rounded up in Minnesota for deportation — the “worst of the worst” among the thousands arrested in the last year. “These are all from…
Read MoreStocks to watch: SIA, FLCT
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jan 21): Singapore Airlines (SIA) : The national carrier on Tuesday announced that it launched and priced S$500 million in aggregate principal amount of notes due 2036. The notes, which are under the national carrier’s S$10 billion Multicurrency Medium…
Read MoreDemocratic senators demand records on Powell probe
US DEMOCRATIC senators Elizabeth Warren and Dick Durbin on Tuesday called for President Donald Trump’s administration to turn over records related to the Justice Department’s criminal probe of Federal Reserve Chair Jerome Powell. “This investigation appears to be a serious misuse of power, and yet another action in a series of President Trump’s unlawful efforts…
Read MoreSingapore’s small and mid-caps: Investors hunt for ‘hidden gems’ as analysts eye privatisation candidates, structural plays
[SINGAPORE] The hunt for Singapore’s next top market darling in the small and mid-cap (SMID) space is shifting gears. SMID stocks are poised for further positive rerating in 2026, supported by a conducive macroeconomic set-up and local equity market reforms, analysts from OCBC said in a Monday (Jan 19) research report. Amid stretched valuations from…
Read MoreHow spendaholic Kathy Hochul is dooming New York to loser status
Across the nation, states are fiercely competing for companies and population by slashing taxes. Gov. Kathy Hochul is dooming New York to be the loser. In 2026, eight states are cutting their income taxes, and four others are reducing corporate tax rates. South Carolina is pushing ahead on legislation to phase out its income tax…
Read MoreUS military seizes another Venezuela-linked tanker in the Caribbean
[WASHINGTON] The US military said it seized a Venezuela-linked tanker on Tuesday in the Caribbean, marking the seventh such apprehension since the start of US President Donald Trump’s month-long campaign to control Venezuela’s oil flows. The US military’s Southern Command, which is overseeing nearly a dozen warships and thousands of troops in the Caribbean, said…
Read MoreUnited Airlines offers upbeat outlook on strong premium travel demand
[CHICAGO] United Airlines on Tuesday issued an upbeat outlook for the current quarter and the full year, buoyed by strong demand from higher-income and corporate travelers. The Chicago-based carrier also exceeded profit expectations for the December quarter. United forecast first-quarter adjusted profit of US$1 to US$1.50 per share. The midpoint of the range, US$1.25, is above analysts’…
Read MoreNetflix slightly beats revenue estimates in holiday quarter; shares slide amid bidding war for Warner Bros
[LOS ANGELES] Netflix squeaked past Wall Street’s revenue estimates for its holiday quarter on Tuesday, as the streaming giant remains locked in a fierce bidding war for Warner Bros Discovery, sending its shares down 4 per cent in after-hours trading. Revenue came in at US$12.1 billion for October through December, modestly exceeding forecasts of US$11.97 billion for…
Read MoreCalifornia Republicans ask SCOTUS to halt Prop. 50 maps in emergency appeal
California Republicans asked the US Supreme Court on Tuesday to stop Democratic Gov. Gavin Newsom’s bid to redraw the state’s congressional map. The California Republican Party filed an emergency appeal to the nation’s highest court in a last-ditch bid to halt the alleged gerrymandering triggered by Newsom’s Proposition 50. Prop. 50 was championed by Newsom…
Read MoreNike reshuffles regional leadership as it looks to strengthen key markets
SPORTSWEAR giant Nike said on Tuesday it had appointed new leaders for its Europe, Middle East and Africa (EMEA), Greater China as well as Asia Pacific and Latin America regions, as it works to rebuild momentum in key international markets. The changes reshape Nike’s regional leadership at a time when the company is working to…
Read MoreVenezuela has received US$300 million in funds from oil sales, acting president says
VENEZUELA’S interim president Delcy Rodriguez said on Tuesday that the country has received US$300 million from oil sales, the first proceeds from US President Donald Trump’s announced 50-million-barrel oil supply deal with Caracas, following the capture of President Nicolas Maduro earlier this month. Trump said separately on Tuesday his country had taken the 50 million…
Read More