Posts by Liam Redmond
Malaysia Starbucks franchise holder triples loss on boycotts
BERJAYA Food’s hundreds of Starbucks’ subsidiary outlets across Malaysia contributed to the company’s fifth straight quarterly loss after boycotts of US fast food brands over America’s support of Israel’s offensive in Gaza began last year. The company reported a net loss of RM70.3 million (S$21.3 million) for the six-month period that ended in December. …
Read MoreInjured Charlie McAvoy announces US lineup before emotional 4 Nations loss
Despite being unable to play in the 4 Nations finale, Charlie McAvoy found a way to fire up his Team USA teammates. Ahead of their crushing 3-2 overtime loss to Team Canada on Thursday, defenseman McAvoy announced his team’s starting lineup from the locker room. U.S. head coach Mike Sullivan shared to his team that…
Read MoreStanChart reports 18% rise in annual profit, roughly in line with estimates
STANDARD Chartered reported on Friday its annual profit rose 18 per cent, roughly in line with analysts’ estimates, on strong performance of its wealth and markets business. The London-based bank reported pretax profit for 2024 of US$6 billion, up from US$5.1 billion the year before and slightly below the US$6.2 billion average of analysts’ forecasts…
Read MoreStanChart to return US$1.5 billion more as earnings beat
STANDARD Chartered said it would hand back US$1.5 billion more to shareholders as it reported fourth-quarter earnings that beat estimates, boosted by a strong performance in its trading and wealth business. The London-headquartered bank announced a fresh buyback which would bring total shareholder distributions to US$4.9 billion since 2023, it said on Friday (Feb 21).…
Read MoreStanChart to return US$1.5 billion more as Q4 earnings beat estimates
STANDARD Chartered said it would hand back US$1.5 billion more to shareholders as it reported fourth-quarter earnings that beat estimates, boosted by a strong performance in its trading and wealth business. The London-headquartered bank announced a fresh buyback which would bring total shareholder distributions to US$4.9 billion since 2023, it said on Friday (Feb 21).…
Read MoreBlackRock resumes talks with companies following SEC guidance
BLACKROCK has restarted its investment stewardship meetings with companies after a short pause used to assess new US Securities and Exchange Commission (SEC) guidelines about the influence of asset managers when they meet with corporations. The money manager last week “temporarily paused” the corporate engagements and restarted them this week, the New York-based firm said…
Read MoreFormer lottery pick Killian Hayes ‘grateful’ to earn 10-day trial run with Nets
In November 2020, Killian Hayes was a lottery pick, taken seventh overall by Detroit. About a year ago — Feb. 7 — he still was starting for the Pistons. Now? The 23-year-old spent this season toiling in the G League, trying to earn his way back to the NBA. It’s been a long climb, culminating…
Read MoreRex International falls 19.5% to S$0.173 on heavy trading
The company is expecting to report a net loss for the financial year ended December 2024 based on a preliminary review of its drafted unaudited financial results SHARES of oil exploration and production company Rex International fell on Friday (Feb 21) morning on heavy trading after the company said it was expecting to post a…
Read MoreRex International falls 21.9% to S$0.168 on heavy trading after profit warning
SHARES of multinational oil exploration and production company Rex International fell on Friday (Feb 21) morning in heavy trading after the company said it was expecting to post a net loss in the upcoming release of its financial results. After midday trading break at 1.40 pm, its shares dived to an intraday low of S$0.168,…
Read MoreCitigroup scraps diversity goals, ‘DEI’ term under Trump pressure
CITIGROUP is ending workplace representation goals and removing requirements to interview job candidates from diverse backgrounds, citing pressure from the Trump administration. The bank will no longer have “aspirational representation goals” except as required by local law, and abandon a policy for diversity in candidates and interview panels, according to a memo to staff from…
Read MorePBOC injects most short-term funds this month amid cash crunch
The PBOC has been tolerating a surge in repo rates and kept liquidity conditions tight, aiming to support the yuan amid economic headwinds CHINA’S central bank increased injection of short-term funds into the financial system on Friday (Feb 21), in an attempt to ease a cash crunch that has roiled the nation’s bond market. The…
Read MoreRobert De Niro reveals surprising true story behind famous ‘You talkin’ to me?’ scene in ‘Taxi Driver’
Robert De Niro has shared the backstory behind one of the most unforgettable moments in Martin Scorsese’s 1976 masterpiece “Taxi Driver,” revealing that the iconic scene was partially improvised. During an appearance on “Live with Kelly and Mark” on Thursday, the 81-year-old actor recalled how some of the best moments in film come from spontaneous…
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