Posts by Liam Redmond
Advanced Systems Automation makes pre-conditional offer for Asti shares
If the deal materialises, the offeror intends to amalgamate the semiconductor businesses of both companies [SINGAPORE] Advanced Systems Automation intends to make a voluntary conditional offer for all the shares of Asti, it said in a bourse filing on Wednesday (Jan 14). The offer will be made only if pre-conditions have been satisfied or waived…
Read MoreTrump’s credit card cap will hurt consumers and economy: JPMorgan
It is a surprise move that has blindsided the industry, and has sent financial banking stocks tumbling [NEW YORK] Top JPMorgan executives, including chief executive officer Jamie Dimon, warned that US President Donald Trump’s proposed 10 per cent cap on credit card interest rates would severely hurt consumers, adding their voices to growing industry pushback.…
Read MoreIllinois surgeon Michael McKee evaded medical malpractice suit for years before allegedly killing ex-wife, dentist husband
Illinois surgeon Michael David McKee evaded a medical malpractice lawsuit for years before he allegedly killed his ex-wife and her dentist husband in their Ohio home in December. McKee, a 39-year-old vascular surgeon, allegedly failed to train a physician’s assistant, leading to a patient being injured during treatment and needing emergency surgery in 2023, according…
Read MoreToku seeks brand recognition in fight with giants with Catalist listing
[SINGAPORE] A listing on the Catalist board of the Singapore Exchange (SGX) will raise the profile of Toku’s customer experience platform when it pitches to prospective large enterprise customers. “For any procurement team, it’s easier to explain after the whole process that you selected Cisco because it’s a known name… very different to say we’ve…
Read MoreCICT to divest Bukit Panjang Plaza for S$428 million
The sale is being undertaken to optimise the Reit’s portfolio and to give it greater financial flexibility [SINGAPORE] CapitaLand Integrated Commercial Trust (CICT) has agreed to divest Bukit Panjang Plaza for S$428 million in cash, its manager said in a bourse filing on Wednesday (Jan 14). The sale comprises 90 strata lots, as well as…
Read MoreBank of Japan puts self-defence ahead of solidarity with Fed’s Powell
The Bank of Japan’s absence from a list of central banks lining up to support Federal Reserve chair Jerome Powell reflects its aversion to politics and the government’s reluctance to cross the US, with an early election on the horizon. In a sign of the sensitivity of the matter, the BOJ informally consulted the government…
Read MoreSecret Service agent assigned to JD Vance placed on leave after alleged security leak
A US Secret Service (USSS) employee assigned to Vice President JD Vance’s protective detail has been placed on administrative leave after an undercover video released by independent journalist James O’Keefe allegedly showed the agent leaking sensitive security information, the agency confirmed to Fox News. The USSS is investigating and said the employee’s security clearance has been…
Read MoreToyota raises offer for Toyota Industries by 15%
[TOKYO] Toyota Motor said on Wednesday (Jan 14) the tender price for group firm Toyota Industries was raised to 18,800 yen (S$152.29) per share as part of the plan to take the forklift maker private. The Japanese automaker had previously offered 16,300 yen per share – 2,500 yen less than the newly disclosed price –…
Read MoreChina investigates Trip.com over alleged antitrust conduct
[BEIJING] China is investigating Trip.com Group, the country’s largest online travel agency, over alleged antitrust conduct, according to the State Administration for Market Regulation. The company is being investigated for allegedly “abusing” its dominant market position and engaging in monopolistic practices, it said in a statement on Wednesday (Jan 14). While the agency did not…
Read MoreChina’s customs agents are told Nvidia’s H200 chips not permitted: sources
It is unclear whether the directives apply to existing orders for H200 chips, or only to new orders [BEIJING] The Chinese customs authorities told customs agents this week that Nvidia’s H200 artificial intelligence (AI) chips are not permitted to enter China, indicated sources briefed on the matter. The Chinese government officials also summoned domestic technology…
Read MoreScarce landed housing land will entice developers hungry to serve aspiring landed home buyers.
The group’s undervalued share price is unwarranted, given its rare landed housing land bank [SINGAPORE] Many affluent Singaporeans aspire to live in private landed homes, the purchase of which is generally restricted to Singapore citizens. Between the fourth quarter of 2019 and Q4 2025, partly driven by the need for more space in the wake…
Read MoreWoman seen on video allegedly blocking Minnesota ICE operation with car as agitators surround agents
Less than a week after 37-year-old Renee Nicole Good was fatally shot while allegedly blocking an ICE operation in Minneapolis, another woman was seen on video blocking a Minnesota road with her vehicle as anti-ICE agitators gathered in support. Video showed federal agents on Tuesday breaking the passenger side window of the car while attempting to stop the female…
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