Posts by Liam Redmond
Yen tumbles following report Japan PM plans snap poll
Japanese officials have stepped up warnings against what they describe as excessive and speculative FX moves [TOKYO] The yen dropped to its weakest level against the US dollar since July 2024, as losses accelerated following speculation that Prime Minister Sanae Takaichi may soon call a snap election. The Japanese currency fell as much as 0.5…
Read MoreLong Island HS basketball player, 15, punched by fan, 36, during brawl at game
A Suffolk County man is facing charges stemming from his involvement in a brawl at a high school basketball game. In the closing moments of a game between Half Hollow Hills West High School and Comsewogue, a fight broke out between opposing players and led to a spectator running toward the melee before allegedly striking…
Read MoreSon, 19, who was sole survivor in father’s murder-suicide rampage dies unexpectedly week after starting college
A 19-year-old man who was the sole survivor in his father’s murder-suicide rampage, that claimed the lives of his three younger siblings and parents, died unexpectedly at his extended family’s Utah home just one week after starting his freshman year of college. Sha Reh was 17 years old when police say his father killed his…
Read MoreGold eases on profit-booking after breaching US$4,600/oz
[BENGALURU] Gold eased on Tuesday (Jan 13), a day after breaching US$4,600/ounce for the first time ever, as investors booked profits amid heightened geopolitical and economic uncertainty. Spot gold fell 0.4 per cent to US$4,576.79 per ounce as at 9.34 am. Bullion hit a record high of US$4,629.94 on Monday. US gold futures for February…
Read MoreUOBKH initiates coverage on NTT DC Reit with ‘buy’; forecasts 41% upside
The analyst points out that the Reit has enjoyed a ‘steady rise’ in portfolio occupancy [SINGAPORE] NTT DC Reit has the highest distribution yield among data centre real estate investment trusts (Reits), said UOB Kay Hian (UOBKH) on Thursday (Jan 8), as it initiated coverage with a US$1.42 target price. The Reit’s potential acquisition of…
Read MoreNets’ patience with Michael Porter Jr. will have NBA trade deadline ripple effect no matter the outcome
The NBA trade deadline isn’t for another three weeks, and Nets forward Michael Porter Jr. is going to have an outsized impact on the market. That’s bad news for anybody looking for a flurry of decisive moves — from league general managers to fans toying with trade machines — because Nets GM Sean Marks has…
Read MoreBoustead Singapore tweaks deal with Unified Industrial to retain control of Vietnam business
This allows the company to better manage its real estate and fund management business in one of Asean’s fastest growing economy [SINGAPORE] Boustead Singapore on Monday (Jan 12) announced amendments to a master share subscription agreement between its subsidiaries and Hong Kong-based real estate company Unified Industrial. The amendments will allow it to retain control…
Read MoreThreat to US Fed independence, geopolitical tensions cloud Wall Street outlook
Investors rush into Asia markets, precious metals as the ‘sell US’ trade takes hold [SINGAPORE] Investors could continue to rush out of US markets and seek safety in precious metals, said analysts on Tuesday (Jan 13), as markets piled into Asia equities. This comes as geopolitical tensions and threats to the US Federal Reserve’s independence…
Read MoreAsia markets extend gains on ‘Sell America’ inflows, despite Trump’s Iran tariff threat
The announcement also says that the new duty would be ‘effective immediately’ [SINGAPORE] Asian markets extended gains at market open on Tuesday (Jan 13), as the momentum from a global rotation out of US assets continued despite fresh geopolitical warnings from US President Donald Trump. While the Sell America” trade lifted regional indices yesterday, sentiment…
Read MoreAsia markets extend gains on ‘Sell America’ inflows, Trump’s Iran tariff threat; Nikkei at record high
Sustained advances also driven by attractive valuations and Asia-Pac growth prospects [SINGAPORE] Asian markets extended gains on Tuesday (Jan 13) as the momentum from a global rotation out of US assets continued despite fresh geopolitical warnings from US President Donald Trump. While the Sell America” trade lifted regional indices on Monday, sentiment was tested this…
Read MoreWhat to know about California’s proposed ‘Billionaire Tax’ — and the moguls fleeing to dodge it
California’s proposed 2026 Billionaire Tax Act could appear on the state’s November 2026 ballot and would impose a onetime tax on its wealthiest residents. The measure would slap the 5% tax on individual fortunes exceeding $1 billion — and be applied retroactively to residents in the state as of Jan. 1, 2026. That looming deadline…
Read MoreBlackRock cuts hundreds of jobs, trimming about 1% of staff
[NEW YORK] BlackRock is cutting hundreds of jobs across the company, becoming the latest Wall Street firm to rein in headcount in recent weeks. The cuts total about 1 per cent of BlackRock’s global headcount, according to sources familiar with the matter, who asked not to be identified discussing private information. The reductions amount to…
Read More