Posts by Liam Redmond
India’s central bank intervenes again to support rupee, traders say
[MUMBAI] The Indian central bank was seen back in the foreign exchange market on Thursday, selling dollars through state-run banks to reinforce support for the rupee, traders said. The rupee recovered to 89.8550 per US dollar from 89.9775 on back of the intervention. This is the second straight day when the RBI has stepped in…
Read MoreMaxx Crosby undergoes knee surgery after messy end to his Raiders season
Maxx Crosby underwent meniscus surgery on Wednesday and will begin his rehab. The Raiders’ edge rusher was dealing with a nagging knee issue for most of the 2025 season and had been shut down by the team for the final two games of the season. Crosby, 28, posted an image of himself flexing in a…
Read MoreAustralia central banker says inflation rate still too high
[SYDNEY] A top Australian central banker said on Thursday (Jan 8) that a slowdown in consumer price inflation for November was “helpful”, but largely as expected and inflation was still too high. In an interview with the Australian Broadcasting Corporation (ABC), Reserve Bank of Australia (RBA) deputy governor Andrew Hauser was asked about data released…
Read MoreChinese tech firms rise in Hong Kong debut as US-China tech race heats up
The trio’s performance will help gauge whether Hong Kong can extend last year’s IPO resurgence [SINGAPORE] Three Chinese technology firms debuted higher on Thursday (Jan 8) after raising a combined US$1.19 billion, bolstering Beijing’s quest to compete with the US in high-tech and setting the tone for what could be yet another busy year for…
Read MoreNew York Post’s Steve Serby named 2025 NY Sportswriter of the Year
Chalk it up as a major win for The Post’s legendary Mr. Loser. Steve Serby has been named 2025 New York Sportswriter of the Year by the National Sports Media Association, sharing the honor with ESPN.com’s Rich Cimini. Serby first joined The Post in 1972 and has appeared in the paper for approximately 52 years…
Read MoreGold, precious metals rise as softer US jobs data boost Fed rate cut bets
[BENGALURU] Gold and other precious metals rose on Thursday (Jan 8) after US private payroll data showed job openings fell to a 14-month low in November, reinforcing bets for Federal Reserve rate cuts, though gains were capped by a firmer US dollar and higher yields. Spot gold added 0.1 per cent to US$4,456.98 per ounce…
Read MoreUS oil companies say they need guarantees to invest in Venezuela: FT
US OIL companies want “serious guarantees” from Washington before they make large investments in Venezuela, as President Donald Trump urges them to back his bid to reshape energy markets, the Financial Times reported on Wednesday. US officials held talks with top energy executives in Miami on Wednesday, the FT reported, citing people familiar with the…
Read MoreAsia bankers fear US scrutiny of loans involving chips, China
The backlash against US capital flowing into an AI ecosystem linked to Chinese firms can be swift SOME bankers in Asia are starting to worry about financing deals that would grant Chinese end-users remote access to advanced US chips amid the escalating battle between the world’s two superpowers for artificial intelligence dominance. At least nine…
Read MoreSupermarkets, health-and-beauty retailers set to perform in 2026, DBS says, naming top picks
[SINGAPORE] Supermarkets and health-and-beauty retailers are set to perform well in 2026 as Singapore consumption shifts away from discretionary items, while lower commodity costs will boost food producers, said DBS Group Research. Its Wednesday (Jan 7) note also pointed out that apparel sales declined sequentially from February to October last year, apart from a seasonal…
Read MoreWizards acquire Trae Young from Hawks in NBA blockbuster
Trae Young is on the move. The four-time All-Star was traded by the Hawks to the Wizards in exchange for CJ McCollum and Corey Kispert, ESPN’s Shams Charania reported. Atlanta Hawks guard Trae Young (11) yells at the referee during the game against the Chicago Bulls during the third quarter at State Farm Arena. Jordan…
Read MoreHSBC veteran James Cheo to join UBS in senior Apac role
Cheo will be based in Singapore and report directly to Tan Min Lan, head of CIO Apac [SINGAPORE] Banking veteran James Cheo will join UBS from HSBC in March as part of the Swiss lender’s chief investment office (CIO) team, even as the bank manages cost and workforce pressures across the region. Cheo will join…
Read MoreReiner siblings Jake and Romy skip court for Nick’s arraignment
While a sunken-eyed, head-shaven Nick Reiner stood in a Los Angeles courtroom Wednesday facing two charges of first-degree murder, the gallery behind him was conspicuously empty of any family blood. Reiner, 32, is accused of fatally stabbing his parents, Hollywood legend Rob Reiner and Michele Singer Reiner, at their home in Brentwood on Dec. 14.…
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