Posts by Liam Redmond
Asian stocks extend global rally as data boost rate cut hopes
[ad_1] ASIA extended a global equities rally on Wednesday after another round of tepid US data reinforced expectations that the Federal Reserve will cut interest rates again next month. A report that US President Donald Trump’s top economic aide was the frontrunner to be the central bank’s next boss added to the risk-on mood as…
Read MoreMaersk sees better safety in Red Sea as it eyes eventual return
[ad_1] Shippers have been routing their vessels around Africa, adding thousands of miles and costs to voyages AP MOLLER-MAERSK said that the conditions for it to resume transit through the southern Red Sea appear to be improving as the shipping giant plots an eventual return to a route that shaves thousands of miles off voyage…
Read MoreBrookfield builds decarbonisation platform in South-east Asia
[ad_1] This marks its first renewables investments in the Philippines, Vietnam and Thailand [SINGAPORE] Brookfield Asset Management has made its first renewables investments in the Philippines, Vietnam and Thailand as it builds a decarbonisation platform in South-east Asia. The global investment firm has acquired Alba Renewables, a clean-energy developer with 1.8 gigawatts (GW) of wind,…
Read MoreMichael Goodwin: Trump needs to hit the reset button if the GOP wants to win the 2026 midterms
[ad_1] As far as President Trump is concerned, T.S. Eliot got it all wrong. April is not the cruelest month, November is. As he barrels toward the end of his first year back in the White House, the president is beset by slumping poll numbers and a pileup of problems, some of which are self-inflicted. …
Read MoreCouple rakes in US$9 billion as AI circuit board shares soar 530%
[ad_1] [HONG KONG] When Nvidia chief executive officer Jensen Huang hosted a private banquet for suppliers in Taiwan in May, the room was packed with some of the biggest names in global electronics. The chairmen of Taiwan Semiconductor Manufacturing Company and Hon Hai Precision Industry were there, surrounded by a sea of local manufacturing titans.…
Read MoreChinese bonds see no haven demand from stock losses on PBOC bets
[ad_1] The central bank’s reluctance to ease its policy further remains the core issue weighing on the debt market [BEIJING] China’s stock and bond markets are decoupling, breaking the inverse correlation where debt traditionally rises when equities fall, as bets on monetary easing take a backseat. For the first time since 2022, Chinese onshore stocks…
Read MoreIllinois man finally exonerated after spending more than 30 years in prison for murder he didn’t commit
[ad_1] Something to be thankful for. An Illinois man who spent more than three decades behind bars for a murder he didn’t commit was finally exonerated this month just in time for Thanksgiving. In March 1992, a 20-year-old Danny Davis was pressured into pleading guilty to the murder of Mildred Smith, who was found brutally…
Read MoreGold drifts higher on US rate cut expectations
[ad_1] Markets are pricing in an 84% chance of a Fed rate cut next month, compared to 50% last week, according to CME Group data [BENGALURU] Gold prices nudged higher during early Asian trade on Wednesday (Nov 26), driven by optimism over a possible December interest rate cut by the US Federal Reserve. Spot gold…
Read MoreNew Zealand central bank cuts cash rate by 25 bps to 2.25%
[ad_1] [AUCKLAND] New Zealand’s central bank cut its benchmark official cash rate by 25 basis points to 2.25 per cent on Wednesday, its lowest level since mid-2022, as policymakers extended their efforts to revive a struggling economy and mitigate global headwinds. The decision matched a Reuters poll in which all but four of the 36…
Read More$10-billion luxury playground for the rich goes vertical in Beverly Hills
[ad_1] Forget the Hollywood sign — the newest landmark in Tinseltown is a $10 billion pile of dirt that’s about to become the one of the most exclusive addresses on the planet. The massive One Beverly Hills project has officially gotten off the ground, promising to turn a 17.5-acre slice of prime real estate into…
Read MoreBrookfield, GIC to weigh buyout of National Storage Reit: sources
[ad_1] The volume of mergers and acquisitions involving Australian companies as either targets or sellers has fallen to around US$70 billion this year [LONDON] Brookfield Asset Management and Singapore’s GIC are jointly exploring a potential takeover of Sydney-listed National Storage Reit, according to sources familiar with the matter. New York-based Brookfield and GIC have been…
Read MoreTikTok Shop pushes into luxury retail with US$11,000 handbags
[ad_1] [LOS ANGELES] TikTok is moving into luxury retail, part of an effort to expand its TikTok Shop marketplace into a high-end shopping destination for purses and watches that can fetch thousands of US dollars. Once considered a virtual dollar store, TikTok Shop now showcases US$11,000 handbags from Hermes and Chanel, or rare, limited-drop sneakers…
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