Posts by Liam Redmond
China’s Anta Sports muscles in with US$1.8 billion move for 29.1% Puma stake
CHINA’S Anta Sports Products said on Tuesday it had agreed to buy a 29.06 per cent stake in German sportswear maker Puma from the Pinault family’s Artemis holding company for 1.51 billion euros (S$2.3 billion). The move cements a deal first reported by Reuters earlier this month and makes the Chinese group Puma’s largest shareholder.…
Read MoreChina’s Anta Sports buys 29% Puma stake for US$1.8 billion, rules out full takeover
The deal is expected to help German sportswear group increase its sales in the lucrative Chinese market Published Tue, Jan 27, 2026 · 08:56 AM [BEIJING] China’s biggest sportswear brand Anta Sports Products said on Tuesday (Jan 27) that it would buy a 29.06 per cent stake in Puma from the Pinault family for 1.5…
Read MoreMizuho adds HSBC, JPMorgan, Deutsche Bank hires in wave
The firm has also hired a former head of insurance for Europe, the Middle East and Africa at HSBC in Paris Published Tue, Jan 27, 2026 · 08:32 AM [NEW YORK] Mizuho Financial Group has brought in Jon Connor, Thibaud de Maria and Richard Robinson as part of a hiring wave of senior investment bankers,…
Read MoreDem opposition to Trump’s immigration crackdown threatens government funding bill
WASHINGTON — The federal government is barreling toward another shutdown this week, as Democrats threaten to block a must-pass funding bill over the fatal shooting of an armed Minnesota man by immigration authorities. The killing of Alex Pretti during a confrontation over immigration enforcement on the streets of Minneapolis Saturday has emboldened Democrats’ opposition to…
Read MoreNvidia invests US$2 billion more in CoreWeave, offers new chip
The world’s most valuable company has pledged tens of billions of US dollars towards AI companies [WASHINGTON] Nvidia, the dominant maker of artificial intelligence (AI) chips, invested an additional US$2 billion in the cloud computing firm and key customer CoreWeave, marking the latest example of the circular financing deals that have lifted valuations of AI…
Read MoreRemote learning is not for the weak — here’s how a day of it went thanks to Mamdani’s no-snow day verdict
By 8:30 a.m., sacred objects lined the newly clean playroom desk: A Labubu knockoff, a karaoke microphone, half a geode, a choice selection of Baby-Sitters Club books, the sole remaining LEGO house from some elaborate kit, and various Polly Pockets. The second grader was reporting for remote school — or Zoom school, as we dubbed…
Read MoreMorgan Stanley wants more from MUFG ties to be top in Japan
The two banks’ partnership dates back to the height of the global financial crisis almost two decades ago Published Tue, Jan 27, 2026 · 07:11 AM [TOKYO] Morgan Stanley plans to step up ties with Mitsubishi UFJ Financial Group (MUFG) to get more market share across all of its businesses in Japan, the US bank’s…
Read MoreNew Airbus commercial CEO signals production focus, backs bigger A220
Published Tue, Jan 27, 2026 · 07:01 AM [DUBLIN] The new CEO of Airbus’ jet division pledged on Monday to focus on increasing production of models including the A350 wide-body jet, and appeared to back a larger version of the regional A220. “The whole ecosystem is under pressure,” Lars Wagner told the Airline Economics conference…
Read MoreNike slashes 775 jobs in US to speed up automation, boost profit
Published Tue, Jan 27, 2026 · 06:44 AM NIKE is laying off 775 employees, a source familiar with the matter told Reuters on Monday, as the sportswear giant looks to boost profits and accelerate its use of automation. The cuts will primarily impact distribution centre roles in Tennessee and Mississippi, where the sneaker giant operates…
Read MoreTexas governor bars state employees from using Shein, Alibaba products
The Trump administration has sought to rein in its own actions that could antagonise Beijing Published Tue, Jan 27, 2026 · 06:22 AM — Updated Tue, Jan 27, 2026 · 11:41 AM [WASHINGTON] Texas will bar its employees from using Shein, Alibaba and TP-Link hardware and software, the governor said on Monday (Jan 26), saying…
Read MoreTwice-deported DUI driver who got off easy after killing 2 California teens gets sent back to slammer
A twice-deported Mexican national who was let off easy for killing two California teenagers in a drunken crash — sparking widespread outrage — has been sentenced to prison for being in the country illegally. Oscar Eduardo Ortega-Anguiano walked free last year after serving three-and-a-half years of a 10-year sentence for causing the deaths of Anya…
Read MoreOil prices settle lower as traders assess impact of winter storm on production
Published Tue, Jan 27, 2026 · 06:08 AM [HOUSTON] Oil prices settled slightly lower on Monday after climbing more than 2 per cent in the previous session as investors assessed the impact on output in US crude-producing regions from winter storms and the impact of any tensions between the US and Iran. Brent crude futures closed down…
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