Posts by Liam Redmond
Private equity turns to continuation funds, secondary buyouts as alternative to traditional exits: Morrison Foerster
This trend will likely continue in South-east Asia and globally as liquidity engineering goes mainstream [SINGAPORE] Private equity (PE) in South-east Asia is expected to increasingly turn to continuation funds and secondary buyouts as alternatives to traditional exits in 2026, according to a report by law firm Morrison Foerster. This has allowed PE players to…
Read MoreGermany cautions flights over Iran as Lufthansa rejigs Middle East operations
GERMANY issued a new directive cautioning the country’s airlines from entering Iranian airspace, Flightradar24 said on Wednesday, shortly after Lufthansa rejigged its flight operations across the Middle East amid escalating tensions in the region. Lufthansa said on Wednesday that it would bypass Iranian and Iraqi airspace until further notice while it would only operate day…
Read MoreMeta begins job cuts as it shifts from metaverse to AI devices
Reality Labs houses the company’s hardware and other futuristic product efforts [SAN FRANCISCO] Meta Platforms is beginning to cut more than 1,000 jobs from the company’s Reality Labs division, part of a plan to redirect resources from virtual reality (VR) and metaverse products towards artificial intelligence (AI) wearables and phone features. Affected employees will be…
Read MoreMaking a stink! NJ condo busts residents who fail to pick up dog poop by testing it for DNA
The poo-lice are on the case! A snooty New Jersey condo complex with views of the Hudson River is cracking down on residents who don’t pick up their dog’s doo-doo by tracking DNA found in fido’s steaming mess. Leaving behind your pooch’s pile can come back to bite you at Hudson Harbor in Edgewater, where dog…
Read MoreDiscussing investment strategies in volatile times at BT-StanChart roundtable
[SINGAPORE] Panellists will discuss strategies on how to stay invested amid the volatile and ever-changing environment at a roundtable organised by The Business Times and Standard Chartered (StanChart) on Monday (Jan 19). Titled “Invest with Clarity Amid Shifting Currents”, the closed-door event will bring together experts to discuss the investment landscape for 2026. Topics include…
Read MoreWhy the SGX-Nasdaq dual listing bridge suits Temasek and GIC portfolio companies
The bridge allows firms to access both investor bases in parallel, cutting cost and complexity relative to separate listings [SINGAPORE] As more details emerge over the proposed dual listing bridge between the Singapore Exchange (SGX) and Nasdaq, it is becoming increasingly clear that Temasek and GIC portfolio companies are among those best placed to make…
Read MoreTSMC likely to post fourth-quarter profit leap driven by AI boom
[TAIPEI] TSMC, the world’s largest manufacturer of advanced artificial intelligence chips, is expected to post a 28 per cent jump in fourth-quarter net profit to a record high on Thursday driven by ongoing strong demand for AI infrastructure. Taiwan Semiconductor Manufacturing Co, the world’s top contract chipmaker and a key supplier to Nvidia and Apple,…
Read MoreSK Hynix speeds up new chip fab opening to meet memory demand, executive says
[SEOUL] SK Hynix plans to accelerate the opening of a new factory by three months and will also begin operating another new plant in February, a senior executive said, as surging memory demand pressures global supply. The South Korean chipmaker’s decision comes as a global memory chip shortage has driven up prices of consumer gadgets…
Read MoreFed officials stress independence as rate hold signals mount
[NEW YORK] A slew of US Federal Reserve officials spoke to the importance of central bank independence on Wednesday (Jan 14) in response to questions about the news that the US Department of Justice (DOJ) issued subpoenas to the Fed focused on a costly building renovation and Fed chair Jerome Powell’s congressional testimony last year…
Read MoreMarcus Freeman rips media for dragging family ‘through the mud’ as he breaks silence on wrestling incident
Notre Dame football coach Marcus Freeman said his family got “dragged through the mud” after a Jan. 3 incident at his son’s wrestling match was made public and “sensationalized” in the media. During a press conference Wednesday, Freeman began by thanking the university for backing him after he was accused of battery by New Prairie…
Read MoreTrump imposes 25% tariff on imports of some AI chips
US PRESIDENT Donald Trump on Wednesday imposed a 25 per cent tariff on certain AI chips, such as the Nvidia H200 AI processor and a similar semiconductor from AMD called the MI325X, under a new national security order released by the White House. The proclamation follows a nine-month investigation under Section 232 of the Trade…
Read MoreEurope’s Stoxx 600 ends at record high, lifted by healthcare, chemical stocks
EUROPEAN shares closed at a record high on Wednesday, buoyed by gains in chemicals and healthcare stocks, while investors also monitored the repercussions of simmering geopolitical tensions globally. The pan-European Stoxx 600 finished up 0.18 per cent at 611.56 points, with chemicals leading sectoral gains with a 2 per cent jump. EMS Chemie surged 8 per cent…
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