Posts by Liam Redmond
Simon Cowell recalls his first thoughts after learning of Liam Payne’s death at 31
Simon Cowell is reflecting on finding out that Liam Payne had passed away. The former One Direction singer died at age 31 after falling off a hotel balcony in Argentina in October 2024. “Somebody who works with me very closely came into my room,” Cowell, 66, shared with The New York Times in an interview published Saturday.…
Read MoreBank Indonesia seeks rate cuts while balancing stability, growth
Tariff worries have made the rupiah South-east Asia’s worst-performing currency this year [JAKARTA] Bank Indonesia (BI) will strike a balance between encouraging currency stability and supporting economic growth, even as it looks for room to lower interest rates further next year, governor Perry Warjiyo said. “In 2026, amid persistently high global uncertainty, monetary policy will…
Read MoreHuman Made seeks growth beyond China as tensions with Japan rise
Its expansion coincides with a global surge in interest in Japanese pop culture, fuelled by anime and video games, while a weaker yen draws record tourist spending [TOKYO] Human Made, the Japanese fashion label that counts China as central to its plans, is broadening its growth strategy to reduce reliance on any single market against…
Read MoreSilver hits fresh record after topping peak from October squeeze
[LONDON] Silver jumped to a record, surpassing a peak set during a historic squeeze in the London market in October. Spot prices surged as much as 4.2 per cent to about US$55.66 an ounce. The white metal has been supported by rising hopes of a US Federal Reserve interest-rate cut in December, inflows into bullion-backed…
Read MoreChinese carmakers shift to ‘asset-light’ models in overseas expansion
CHINESE carmaker Geely is betting that an “asset-light” investment model will accelerate its overseas expansion, as competition among China’s automakers to win foreign drivers intensifies amid the global shift towards electric vehicles (EVs). Earlier this month, Hong Kong-listed Geely Automobile and its parent, Zhejiang Geely Holding Group, signed an agreement to acquire a combined 26.4…
Read MoreTemasek eyes stake in Quest Global at US$4.6 billion pre-IPO price
The engineering services firm is preparing for an IPO in India, joining a wave of companies tapping the country’s buoyant capital markets [MUMBAI] Singapore state investor Temasek Holdings is in advanced talks to buy a stake in Quest Global Services, a deal that will value the engineering services firm at US$4.6 billion, according to sources…
Read MoreIndia’s Adani seeks up to US$5 billion investment in Google data centre to join AI boom
Indian billionaires Gautam Adani and Mukesh Ambani have also unveiled investments in building data centre capacity [BENGALURU] India’s Adani Group plans to invest up to US$5 billion in Alphabet-owned Google’s India artificial intelligence (AI) data centre project, an executive said on Friday (Nov 28), as it seeks to cash in on booming demand for data…
Read MoreOil falls on drawn-out Ukraine peace talks, all eyes on upcoming Opec+ meeting
Saudi Arabia is expected to lower its January crude price for Asian buyers for a second month to its lowest in five years [HOUSTON] Crude futures fell marginally on Friday (Nov 28) as investors considered oil’s geopolitical risk premium amid drawn-out Russia-Ukraine peace talks, while keeping an eye on Sunday’s Opec+ meeting for clues about…
Read MoreEuropean shares clock monthly gains on Fed rate cut hopes
Next week, investors expect some focus on Russia-Ukraine peace talks. [BENGALURU] European shares ended higher on Friday (Nov 28), capping a strong weekly advance and closing the month on a robust note, supported by optimism over potential US rate cuts. The pan-European Stoxx 600 closed 0.25 per cent higher at 576.43, hitting its longest monthly…
Read MoreNoodle maker Leong Guan Holdings to offer 20.65 million shares at S$0.23 each in Catalist listing
The group intends to distribute a minimum of 80% of FY2025 net profit as dividends [SINGAPORE] Food manufacturing and distribution company Leong Guan Holdings has launched its initial public offering (IPO) of 20.65 million shares at S$0.23 each, in conjunction with its listing on the Catalist board of the Singapore Exchange. The company registered its…
Read MoreWilmar’s China subsidiary lodges appeal over contract fraud case
[SINGAPORE] A subsidiary of Wilmar International has lodged an appeal in a Chinese court, after it was found guilty of contract fraud and ordered to bear losses amounting to 1.88 billion yuan (S$345.6 million). Yihai (Guangzhou) Oils & Grains Industries Co (Guangzhou Yihai) submitted a written appeal to the Anhui Provincial Higher People’s Court, Shenzhen-listed…
Read MoreCIMB Q3 profit up 2.3% at RM2.08 billion
[SINGAPORE] CIMB’s net profit for the third quarter ended Sep 30 rose 2.3 per cent to RM2.08 billion (S$653.5 million) from RM2.03 billion in the year-ago period, the company said on Friday (Nov 28). Operating income in Q3 grew 3.6 per cent to RM5.9 billion from RM5.7 billion, buoyed by higher non-interest income from robust…
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