Posts by Kim Browne
Trump’s Week: Rob From the Poor, Give to the Rich, Steal Like Crazy
Let’s start with the sum and substance of the judges’ orders. Some 25,000 federal employees will be back at work Monday. One judge’s order covers the employees at the departments of Agriculture, Defense, Energy, Interior, Treasury, and Veterans Affairs. The other covers those at Agriculture, Commerce, Education, Energy, Health and Human Services, Homeland Security, Housing…
Read MoreEven Fox News Grilled Treasury Secretary on Budget Bill Math
The Trump administration doesn’t want you to trust independent analysis of their “big, beautiful” tax bill. The bill—now headed to the Senate—proposes cutting upward of $880 billion from Medicaid in order to make a multitrillion-dollar tax cut extension for multimillionaires and corporations more palatable to the American public. Trump’s bill is estimated to add somewhere…
Read MoreRFK Jr. Just Accidentally Discredited His Own Surgeon General
Health Secretary Robert F. Kennedy Jr. inadvertently destroyed his own nominee for surgeon general by giving a rare, good piece of medical advice. During an interview with CNN’s Kaitlin Collins Thursday, Kennedy was asked to explain a remark he’d made that people should not take his medical advice. “Absolutely. People should not be taking…
Read MoreHarvard Hits Back at Trump With Lawsuit Over International Student Ban
“The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with. Their powerful Trade Barriers, Vat Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against Americans Companies, and more, have led to a Trade Deficit…
Read MoreIs Trump Trying to Set Energy Policy in Other Countries Now?
“The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with. Their powerful Trade Barriers, Vat Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against Americans Companies, and more, have led to a Trade Deficit…
Read MoreOil slides nearly 2% as Trump recommends 50% EU tariff
Published Fri, May 23, 2025 · 09:35 PM [LONDON] Oil prices dropped by nearly 2 per cent on Friday (May 23) and were set for their first weekly decline in three weeks after US President Donald Trump recommended a 50 per cent tariff on the European Union. Brent Crude futures fell US$1.03, or 1.6 per…
Read MoreRBI’s record US$31.6 billion payout to bolster government finances
A bonanza from the central bank will help meet the government’s 4.4% fiscal deficit target for the current financial year Published Fri, May 23, 2025 · 08:21 PM [NEW DELHI] India’s central bank will give a record dividend to the government, shoring up finances to bolster growth in Asia’s third-largest economy. The Reserve Bank of…
Read MoreTrump targets Samsung, Apple phones with 25% tariff threat
[WASHINGTON] US President Donald Trump said that the tariffs he threatened against Apple earlier on Friday (May 23) would also be aimed at a wider range of device makers, including Samsung Electronics, to spur them into moving manufacturing of their products to the US. “It would be more,” Trump said when asked at the White…
Read MoreThe Hour Glass H2 profit falls 6% to S$74.4 million on increased operating expenses
[SINGAPORE] The Hour Glass has reported a 6 per cent drop in net profit to S$74.4 million in the six months ended March 2025, from S$79.5 million in the year-ago period. Revenue was at S$622.6 million, up 9 per cent year on year from S$571.3 million. Earnings per share stood at S$0.1148 for the half-year…
Read MoreSats Q4 profit rises 18.3% to S$38.7 million
[SINGAPORE] In-flight caterer Sats on Friday (May 23) reported net profit of S$38.7 million for the three months ended Mar 31, 2025, gaining 18.3 per cent from S$32.7 million in the corresponding year-ago period. This indicates earnings per share (EPS) of S$0.026 for the quarter, compared with S$0.022 in Q4 FY2024. Revenue for the fourth…
Read MoreManulife US Reit gets nod to extend asset disposal deadline to Dec 31
[SINGAPORE] The manager of United States office real estate investment trust (Reit) Manulife US Reit (MUST) on Friday (May 23) announced it has received approval from lenders to extend the deadline for the disposal of assets by six months to Dec 31. The Reit will use US$25 million in cash, in addition to proceeds from…
Read MoreSTI inches up on Friday, tracking regional indices
[SINGAPORE] The Straits Times Index (STI) edged up on Friday (May 23), tracking regional indices. The STI closed up 0.1 per cent or 2.33 points at 3,882.42. Across the broader market, advancers outnumbered decliners 232 to 213, after 1.2 billion shares worth S$1.2 billion changed hands. The trio of local banks closed higher on…
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