Posts by Liam Redmond
Noodle maker Leong Guan’s shares close 4.3% higher on Catalist debut
The company’s placement of about 20.7 million shares at S$0.23 apiece has brought in S$4.75 million [SINGAPORE] Shares of food manufacturing and distribution company Leong Guan climbed 10.7 per cent from their initial public offer (IPO) price on Thursday (Dec 11) at their trading debut on the Catalist board. The counter was at S$0.255 by…
Read MoreHungover Russians thwart Ukraine’s ‘Pearl Harbor’-style attack on Moscow: report
An abundance of hungover Russian drivers forced Ukraine to delay its “Pearl Harbor”-style attack on Moscow’s bomber fleet, just one of the hiccups that nearly thwarted the secret operation, according to a new report. After Kyiv successfully sneaked dozens of drones into Russia for the unprecedented attack this past spring, the Security Service of Ukraine…
Read MoreHarvey Norman operator Ossia sets up new unit; buys leasehold property, Global Ten Realty
[SINGAPORE] Harvey Norman operator Ossia on Wednesday (Dec 10) said it set up a new special purpose vehicle, Ossia Capital, to hold its property investment entities. Ossia Capital in turn established a property investment unit, OSA 1, which will buy a leasehold property at 21 Tan Quee Lan for S$14 million from Santa Grand Investments.…
Read MoreFormer Cathay cinema operator mm2 gets lifeline after High Court shields it from creditors for 4 months
[SINGAPORE] Former Cathay Cineplexes operator mm2 Asia has been given a lifeline after the High Court on Dec 10 allowed the company to be shielded from creditors and legal proceedings for four months while it works out a restructuring plan. The move will allow the company time and breathing space to work out a plan…
Read MoreHow to watch Taylor Swift on ‘The Late Show with Stephen Colbert’ for free
Page Six may be compensated and/or receive an affiliate commission if you click or buy through our links. Featured pricing is subject to change. Meet her at midnight 11:35 p.m. Taylor Swift is returning to “The Late Show with Stephen Colbert” tonight ahead of the release of her “End of an Era” documentary series. “The…
Read MoreThe world needs a lot more copper. But will there be enough supply?
The market has been hit by a slew of mine outages this year, from Chile to Indonesia COPPER is one of the world’s most ubiquitous metals, used in just about everything that’s electrified: smartphones, refrigerators, electric vehicles (EVs), power grids and much more. It’s a crucial material for the green technologies that can lower global…
Read MoreCoca-Cola names insider Henrique Braun as new CEO
COCA-COLA on Wednesday named insider Henrique Braun as its new CEO, replacing James Quincey, as packaged food companies try to adjust their strategies to consumers looking for healthier and more affordable drinks and snacks. Coca-Cola’s portfolio of zero sugar beverages, as well as its more premium product lines such as Fairlife milk, have held the…
Read MoreIntel pursued deals that boosted CEO Tan Lip-Bu’s fortune: sources
Some chip-industry analysts have said in research notes that they welcomed Tan’s industry relationships. [SAN FRANCISCO] When the chairman of artificial intelligence (AI) chip startup Rivos wanted Intel to bid for the company, he had no need to phone the chip giant. That’s because the chairman of Rivos was also Intel’s CEO: Tan Lip-Bu. Tan…
Read MoreConnecting clients, portfolio companies is next for Japan’s MUFG in Asia-Pacific
Leveraging stakes in banks in Indonesia, Thailand, Vietnam and the Philippines enables MUFG to extend more support to its customers [SINGAPORE] The appointment of Nobuya Kawasaki as chief executive for the Asia-Pacific at MUFG is a homecoming of sorts, with him having spent seven years – from 2013 to 2020 – in Singapore leading the…
Read MoreExclusive | Pastor who inspired Charlie Kirk’s final book on the Sabbath reveals the backstory
WASHINGTON — The pastor who inspired Charlie Kirk’s final book on the Sabbath opened up about how he managed to persuade the late conservative icon to practice the Christian tradition. David Engelhardt, pastor of Kings Church in New York City, met up with Kirk for lunch in the summer of 2021 when the Turning Point…
Read MoreOracle posts weak cloud sales, raising fear of delayed payoff
The company has taken out significant sums of debt and committed to leasing multiple data centre sites [NEW YORK] Oracle posted disappointing cloud revenue, suggesting it will take longer than expected for the company’s recent huge artificial intelligence (AI) bookings to pay off. Fiscal second-quarter cloud sales increased 34 per cent to US$7.98 billion, while…
Read MoreBank of America CEO expects markets revenue to jump in fourth quarter
[NEW YORK] Bank of America CEO Brian Moynihan said on Wednesday he expects revenue from the bank’s markets business to rise between a high single-digit percentage and 10 per cent in the fourth quarter, while investment banking fees will be broadly flat. Markets sold off in November as concerns about a bubble in AI stocks…
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