Posts by Liam Redmond
India’s aviation watchdog deploys monitors to IndiGo offices
These teams are required to give daily reports to the Directorate General of Civil Aviation [NEW DELHI] India’s aviation regulator, in an unprecedented move, deployed two on-site teams at IndiGo’s corporate office to monitor operations at India’s largest carrier, which cancelled over 3,000 flights last week and caused massive air disruption. These teams are required…
Read MoreRangers’ Adam Edstrom injured again and placed on long-term IR
CHICAGO — Less than a year after suffering a season-ending injury, Adam Edstrom has another injury just 30 games into a new campaign. The Rangers placed Edstrom on long-term injured reserve Wednesday morning with a lower-body injury, marking his second such injury in the span of 10 months. It is not the same lower-body injury…
Read MoreHongkong Land shares up 5% on S$1.45 billion sale of MBFC stake
It is selling its stake to Keppel Reit, which will have two-thirds interest in the property upon completion [SINGAPORE] Shares of Hongkong Land rose as much as 5 per cent in intraday trading on Thursday (Dec 11), following news of its S$1.45 billion sale of its stake in Marina Bay Financial Centre (MBFC) Tower 3…
Read MoreHongkong Land shares end 5.5% higher on S$1.45 billion sale of MBFC stake
The group is selling its share to Keppel Reit, which will have a two-thirds interest in the property upon completion [SINGAPORE] Shares of Hongkong Land rose on Thursday (Dec 11) following news of the S$1.45 billion sale of its stake in Marina Bay Financial Centre (MBFC) Tower 3 to Keppel Reit. The counter ended Thursday…
Read MoreBitcoin dips below US$90,000 as AI worries dent risk appetite
Fresh concerns about artificial intelligence profits weighed on technology stocks [SINGAPORE] Cryptocurrencies tumbled on Thursday (Dec 11) and bitcoin fell briefly below the US$90,000 threshold in a renewed signal of market jitters as fresh concerns about artificial intelligence profits weighed on technology stocks. Risk sentiment turned sour after US cloud firm Oracle’s profit and revenue…
Read MoreMore dissenters could signal increased resistance to future Fed rate cuts
Investors should be positioned for the Fed to continue easing at least once more in 2026, say analysts THE US Federal Reserve’s expected interest rate cut and its surprisingly rosy view of the US economy caused stock gains on Wednesday (Dec 10), although those gains were somewhat limited as the fog of the recent 43-day government…
Read MoreJournalist compares Rubio’s font change order for State Department to Nazis banning ‘Jewish’ fonts
One prominent journalist compared Secretary of State Marco Rubio’s order for the State Department to change its official font style to the Nazis’ 1941 ban on “Jewish” fonts. Former Voice of America White House bureau chief Steve Herman reacted to Rubio’s new directive by comparing it to the Holocaust-era Nazi initiative. “The Nazis, in 1941, banned the…
Read MoreChina’s ZTE may pay more than US$1 billion to the US over foreign bribery allegations: sources
ZTE said it is engaged in “ongoing communication” with the US Justice Department CHINESE telecom equipment maker ZTE Corp may pay more than US$1 billion to the US government to resolve years-old allegations of foreign bribery, according to two people familiar with the matter. ZTE, which already paid some US$2 billion in penalties to US…
Read MoreLexus SUV Karen Read was accused of using to fatally mow down her cop boyfriend to be auctioned off
The Lexus SUV that Karen Read was driving the night she was accused of mowing down her Boston cop boyfriend in 2022 is going up for auction next month. Read, 45, was at the center of a whirlwind trial over the summer, where she was found not guilty of running over and killing her boyfriend,…
Read MoreAsian markets mixed post Fed cut; fundamentals should matter more with upcoming pause: analysts
The STI, Hang Seng Index and KLCI saw slight gains, while Nikkei and Kospi retreated [SINGAPORE] Asian markets were mixed on Thursday (Dec 11) after the US Federal Reserve met expectations and cut interest rates by 25 basis points overnight. Analysts expect some rallying in the markets in the short term, although company fundamentals will…
Read MoreAsian markets diverge post Fed cut, with analysts expecting short-term relief rally
Asia markets end mixed as the STI and KLCI gain, while Hang Seng, Nikkei and Kospi retreat [SINGAPORE] Markets will likely rally in the short term, after the US Federal Reserve met expectations and cut benchmark interest rates by 25 basis points in its last meeting of the year, said analysts. Going forward, however, they…
Read MoreLi Ka-shing’s US$19 billion ports sale slows due to complex talks
CK Hutchison has said that it would not proceed with a transaction that did not have the approval of all relevant authorities [HONG KONG] Hong Kong tycoon Li Ka-shing’s attempt to sell dozens of CK Hutchison Holdings global ports, including two in the strategically key Panama Canal, has slowed as negotiators try to untangle a…
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