Posts by Liam Redmond
Apollo weighs potential US$12 billion sale of Atlas Air
[NEW YORK] Apollo Global Management is exploring a potential sale of its aviation company Atlas Air Worldwide Holdings, according to sources familiar with the matter. The US investment firm is in the early stages of considering a potential divestment of Atlas Air and may seek to value the business at more than US$12 billion, including…
Read MoreAmazon in talks to invest in OpenAI, source says
AMAZON is in discussions to invest in OpenAI, the developer of ChatGPT, in a potential deal that could value the artificial intelligence company at over US$500 billion, a source familiar with the matter said on Tuesday. The potential deal comes at a time when OpenAI is laying the groundwork for an initial public offering that…
Read MoreMika Zibanejad explains Rangers meeting snafu that led to benching
Mika Zibanejad was back in the Rangers lineup for Tuesday’s 3-0 loss to the Canucks at Madison Square Garden, after the Swede was benched the night before for missing a team meeting that day. “It’s my 10th season now,” Zibanejad said in his first interview since. “I know what the challenges are and whatnot, but…
Read MoreQuadria Capital expands into the Middle East with new Dubai office
[SINGAPORE] Healthcare-focused private equity firm Quadria Capital has expanded into the Middle East with a new Dubai office. This comes on the back of its partial exit from its portfolio company Nephrocare Health Services (NephroPlus), a dialysis operator in India, the Philippines, Uzbekistan and Nepal, via an initial public offering (IPO) in India. NephroPlus will…
Read MoreS&P Global shifts Genting companies’ outlook to negative on weaker credit quality forecasts
Group capital expenditure could double in 2026, with earnings ‘unlikely’ to keep pace [SINGAPORE] S&P Global Ratings revised its outlook for the Genting group of companies to “negative”, citing expectations of weakening credit quality amid high capital expenditure. The credit rating agency on Wednesday (Dec 17) revised outlooks for Bursa Malaysia-listed Genting, Genting Malaysia, Genting…
Read MoreAsian markets drift as US jobs data fails to boost rate cut hopes
ASIAN equities fluctuated on Wednesday as mixed US jobs data did little to boost expectations for another interest rate cut next month, while oil rallied after Donald Trump ordered the blockade of “sanctioned” Venezuelan tankers. With Federal Reserve officials indicating they were unlikely to lower borrowing costs for a fourth successive meeting, sentiment on trading…
Read MoreVisa offers stablecoin settlement for US banks using Circle’s USDC
[NEW YORK] Visa is opening its US network to stablecoin settlement, expanding crypto-linked products and services enabled by the relaxed regulatory environment under the second Trump administration. The global payments giant said on Tuesday (Dec 16) that it would allow US institutions to settle transactions using Circle Internet Group’s USDC token over the Solana blockchain.…
Read MoreSports reporter, husband found dead at Alabama home in suspected murder-suicide
A beloved sports reporter who departed the airwaves to pursue teaching was found dead at her Alabama home alongside her husband in a suspected murder-suicide — with their 3-year-old son nearby. Christina Chambers, a former WBRC 6 sports reporter, and her husband, Johnny Rimes, were discovered at their family home in Hoover, Ala. shortly after…
Read MoreTada commits S$1 million to put brakes on high-commission ride-hailing models
The initiative aims to reverse falling driver earnings and rising ride-hail prices [SINGAPORE] Ride-hailing platform Tada is challenging rivals such as Grab and Gojek with a new S$1 million pilot initiative to help drivers reject high-commission platforms. The initiative, named Hotpot, seeks to pull drivers away from high-commission platforms that use algorithms which squeeze drivers’…
Read MoreCoupang CEO fails to appear at South Korean parliamentary hearing on data breach
[SEOUL] The founder of South Korea’s Coupang failed to appear before a Wednesday parliamentary hearing about the massive data breach at the e-commerce giant, angering lawmakers who said they would hold him responsible. Coupang Inc CEO and Chairman Bom Kim declined to attend the hearing, citing his overseas residence and commitments as head of a…
Read MoreJapan’s Mizuho to buy majority of India’s Avendus from KKR for up to 81 billion yen
[TOKYO] Japan’s Mizuho Securities on Wednesday (Dec 17) said that it will buy a majority stake in Indian investment bank Avendus from US investment firm KKR for up to 81 billion yen (S$675 million). The buyout adds to Japanese financial institutions’ growing footprint in India, where a fast-growing economy has made it an attractive target…
Read MoreBessent sees one or two more Fed chair interviews this week
Trump is slated to interview the central bank governor Chris Waller on Dec 17 for the chair job [WASHINGTON] Treasury Secretary Scott Bessent said there are one or two more interviews this week for the next chair of the US Federal Reserve, with a likely announcement by US President Donald Trump sometime in early January.…
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