Posts by Liam Redmond
Yale professor’s father charged in mother’s decades-old murder, says he ‘used me as bait’: report
A Yale professor is speaking publicly for the first time since her 81-year-old father was arrested in connection with the 1982 killing of her mother, a case that remained unsolved for more than four decades. According to a Nov. 24 press release from the Foster City Police Department in California, Patrick Galvani was taken into custody in San…
Read MoreHow UOB’s Wee Ee Cheong masters the long game
WEE Ee Cheong, the third-generation UOB chief, recently posed a question to AI: what will UOB’s market capitalisation be in ten years? The year 2025 marks UOB’s 90th anniversary, and it will reach its centenary in ten years. AI predicted that relative to its current S$57.5 billion market capitalisation, UOB, Singapore’s third-largest bank, will be…
Read More2 Spirit Airlines employees charged for stealing a passenger’s Louis Vuitton purse
Two Spirit Airlines employees are facing theft charges for allegedly snatching a passenger’s $500 Louis Vuitton wristlet purse left behind at a Florida airport, according to reports and authorities. A passenger boarding a Spirit flight from Fort Lauderdale-Hollywood International Airport to Austin, Texas, left a Louis Vuitton wristlet on the check-in counter at Terminal 3…
Read MoreSeatrium, Maersk resolve contract dispute with giant line to pay US$360 million upon vessel delivery
[SINGAPORE] Offshore, marine and energy specialist Seatrium has reached an agreement with buyer Maersk Offshore Wind’s affiliate Phoenix II, for the latter to pay the balance of the contract price – valued at US$360 million – upon delivery of a vessel. This deal comes after the group started its own arbitration proceedings against the buyer…
Read MoreStocks to watch: Seatrium, CNMC Goldmine, Singapore Paincare
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Dec 22): Seatrium: Seatrium announced on Monday that it has reached an agreement with a buyer, Maersk Offshore Wind’s affiliate, Phoenix II, for it to pay the balance of its contract price – valued at US$360 million – upon…
Read MoreChinese chipmakers race to IPO after back-to-back listings surge
The surge in listings is coming on the back of two blockbuster trading debuts in Shanghai [SHANGHAI] Chinese chipmakers are rushing to the initial public offering (IPO) market, raising funds that are key to the nation’s goal of technological self-reliance and winning the global race on artificial intelligence (AI). The surge in listings is coming…
Read MoreSeven & i’s IPO of US arm hinges on faster turnaround, CEO says
[TOKYO] Seven & i Holdings’ chief executive is pressing its US convenience-stores business to deliver a faster turnaround as the retailer seeks a public listing of the unit to fund new investment and lift shareholder returns. The timing of an initial public offering (IPO) will depend on execution and the market, said Stephen Dacus, who…
Read MoreMinn.’s Somali social-services scammers may have stolen $9 billion — nearly Somalia’s entire economy
A staggering $9 billion may have been stolen in Minnesota’s sprawling social-services scam orchestrated mainly by members of its Somali community — a figure nearly equivalent to the entire economy of Somalia. The enormous new estimate is a nearly nine-fold increase from the swiped $1 billion previously suspected, according to federal prosecutors. It also accounts…
Read MoreAfter a tepid 2025, cautious optimism is building for private equity in 2026
More sectors could become attractive to investors next year as valuations are largely reset [SINGAPORE] The expected rebound in the private-equity (PE) sector did not materialise in 2025, but observers say the signs are positive for 2026. The first half of this year saw PE deal conversations delayed due to the US tariffs announced on…
Read MoreUSD/CHF trades within key range as SNB holds rates and Fed turns cautious
THE US dollar/Swiss franc (USD/CHF) FX pair is widely considered a safe-haven currency pair due to Switzerland’s neutral geopolitical stance and its low-risk financial system, in contrast to the US dollar. The Swiss Franc has been appreciating over the past 3 years, trading within the 1.0 to 0.9 range in 2022, 0.9 to 0.8 range…
Read MoreKeppel Reit eyes diversification into retail with focus on Singapore
Keppel Reit remains anchored in Singapore despite its foray into Australian retail [SINGAPORE] Keppel Reit is charting a more diversified growth path that allows for retail assets to account for up to 20 per cent of its office-heavy portfolio. But Singapore will remain its anchor market. The strategy reflects a careful balancing act for the…
Read MoreJ.T. Miller set to miss multiple Rangers games with injury
NASHVILLE — The Rangers will be without their captain for a bit. J.T. Miller is considered week-to-week with an upper-body injury after further evaluation in New York on Sunday. There is currently no plan to put him on injured reserve or long-term injured reserve. Sunday night’s matchup with the Blues was just the third game…
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