Posts by Liam Redmond
More dissenters could signal increased resistance to future Fed rate cuts
[ad_1] 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…
Read MoreJournalist compares Rubio’s font change order for State Department to Nazis banning ‘Jewish’ fonts
[ad_1] 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…
Read MoreChina’s ZTE may pay more than US$1 billion to the US over foreign bribery allegations: sources
[ad_1] 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…
Read MoreLexus SUV Karen Read was accused of using to fatally mow down her cop boyfriend to be auctioned off
[ad_1] 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…
Read MoreAsian markets mixed post Fed cut; fundamentals should matter more with upcoming pause: analysts
[ad_1] 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…
Read MoreAsian markets diverge post Fed cut, with analysts expecting short-term relief rally
[ad_1] 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,…
Read MoreLi Ka-shing’s US$19 billion ports sale slows due to complex talks
[ad_1] 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…
Read MoreNancy Mace claims police reports of her profanity-laced ‘spectacle’ at SC airport were ‘falsified’
[ad_1] Rep. Nancy Mace claimed that authorities “falsified” a police report detailing her profanity-laced “spectacle” at cops for being late in escorting her through a South Carolina airport. Mace (R-SC), 47, burst into a tirade when a supervisor who misidentified her car delayed the congresswoman’s meetup with Charleston Airport Police, who were supposed to walk…
Read MoreStream It Or Skip It: ‘Kevin Costner Presents: The First Christmas’ on ABC, where Costner presents a more realistic version of the birth of Jesus
[ad_1] In the ABC special Kevin Costner Presents: The First Christmas, the Oscar-winning actor and producer hosts and narrates what is a more realistic retelling of the story of the birth of Jesus Christ, mixing a scripted reenactment with expert interviews. It is certainly a different picture than what we’ve all seen for out entire…
Read MoreAI’s US$400 billion problem: Are chips getting old too fast?
[ad_1] Cloud computing giants assumed that their chips and servers would last about six years IN PURSUIT of the AI dream, the tech industry this year has plunked down about US$400 billion on specialised chips and data centres, but questions are mounting about the wisdom of such unprecedented levels of investment. At the heart of…
Read MoreKeppel Reit to acquire additional one-third stake in MBFC Tower 3
[ad_1] Unitholders entitled to 23 units for every 100 existing units at S$0.96 each; acquisition to affect DPU [SINGAPORE] Keppel Reit has agreed to acquire an additional one-third interest in Marina Bay Financial Centre (MBFC) Tower 3 for an agreed property value of S$1.45 billion, the manager of the Reit announced on Thursday (Dec 11).…
Read MoreMalaysia’s long-awaited electric train service linking KL and JB makes its debut in preview run
[ad_1] [KUALA LUMPUR] Just before dawn broke on Dec 11, Malaysia’s new electric train service (ETS) linking Kuala Lumpur to Johor Bahru rolled out of the Kuala Lumpur Railway Station on a media preview run, a day ahead of its official launch on Dec 12. The train is bound for Kempas Baru station in Johor…
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