Posts by Liam Redmond
Asian markets retreat ahead of US jobs as tech worries weigh
ASIAN markets extended losses with Wall Street on Tuesday as investors jockeyed for position ahead of key US jobs and inflation data, while sentiment remains subdued by worries over a possible tech bubble. After a healthy tech-led run-up this year, traders appeared to be seeing it out on a tepid note amid questions over the…
Read MoreEconomists at CBA, NAB call for Australia February rate hike
RBA Governor Michele Bullock has ruled out further policy easing last week after keeping rates steady [SYDNEY] The Commonwealth Bank of Australia and the National Australia Bank, two of the country’s four major banks, now expect the central bank to hike interest rates in February next year as inflation picks up in a capacity-constrained economy.…
Read More‘Ticking time bomb’ Nick Reiner went on meth-fueled outbursts as Rob, Michele threatened to kick him out: report
Nick Reiner went on aggressive, drug-fueled “outbursts” and was reportedly threatened to be kicked out of his parents Rob Reiner and Michele Singer Reiner’s home before he was arrested in connection to their murders. “Nick had been living in their guesthouse, the same one he destroyed more than once, but it had been like a…
Read MoreSingapore travellers can open, top up digital renminbi wallets under pilot scheme
The agreements come amid a greater push from China to promote cross-border RMB settlement and other financial services [SINGAPORE] DBS Bank was appointed as the second renminbi (RMB) clearing bank in Singapore, one of 27 agreements signed during an annual bilateral meeting held in south-west China’s Chongqing on Monday (Dec 15). The Singapore branch of…
Read MoreGold edges higher on US rate outlook; silver dips but stays near record high
[BENGALURU] Gold prices edged higher on Tuesday (Dec 16), supported by expectations of a US interest rate cut in January, as investors awaited key jobs data due later in the day, while silver hovered near record highs hit last week. Spot gold was up 0.1 per cent at US$4,304.92 per ounce, as at 9.03 am.…
Read MoreJPMorgan debuts first money market fund tokenised on Ethereum
MONY, open to qualified investors, allows them to earn a yield while holding the token on the blockchain [NEW YORK] JPMorgan Chase’s asset management arm is launching its first ever tokenized money market fund built on Ethereum, joining a growing list of Wall Street firms pushing into blockchain-based finance. The New York-based bank on Monday…
Read MoreMike Kafka’s Herculean Giants task may have majorly derailed his head coaching dreams
Mike Kafka was considered an up-and-coming offensive coordinator and a strong candidate at some point to get hired somewhere as an NFL head coach. That was before the events of the past month. It can be stated with certainty that Kafka as the interim head coach has not provided an elixir to what ails a…
Read MoreMcKinsey plots thousands of job cuts in slowdown for consulting industry
The firm’s revenue growth has flatlined in the last five years, leading to a reset after rapid hiring over the prior decade [NEW YORK] As McKinsey partners gathered in the consulting giant’s birthplace in late October, Bob Sternfels delivered a rallying cry. “We will kick some ass as we start our second century,” the firm’s…
Read MoreMTG gets engaged to Trump-loving White House reporter ahead of exit from Congress: ‘Happily ever after’
Outgoing firebrand Rep. Marjorie Taylor Greene got engaged to Brian Glenn, chief White House correspondent for Real America’s Voice, three weeks before she is set to step down from Congress. The couple was all smiles, with Greene showing off her pretty diamond ring as they dined in a swanky restaurant, where Glenn presumably asked the…
Read MoreStocks to watch: Singapore Airlines, CSE Global, ST Engineering, Raffles Education
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Dec 16): Singapore Airlines (SIA) : The national carrier recorded passenger traffic of 13.3 billion in November for the two airlines it operates, 2.6 per cent up from the year-ago period. This was slightly higher than the 2.2 per…
Read MoreStocks to watch: Singapore Airlines, CSE Global, ST Engineering
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Dec 16): Singapore Airlines (SIA) : The national carrier recorded passenger traffic of 13.3 billion for the two carriers it operates in November, 2.6 per cent up from the year-ago period. This was slightly higher than the 2.2 per…
Read MoreBjak founder weighs IPO as Malaysia insurtech expands abroad
[KUALA LUMPUR] Bjak, Malaysia’s largest online insurance aggregator, is mulling an initial public offering (IPO) within the next two years as it seeks to enter Europe. Bjak is eyeing new markets in Spain and Germany in 2026, following its recent expansion in Japan, Taiwan and Thailand, Low Wei, the firm’s founder, said. The firm’s gross…
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