Posts by Liam Redmond
Billionaire investor Ryan Cohen boosts stake in Alibaba to US$1 billion: WSJ
BILLIONAIRE investor Ryan Cohen has increased his personal stake in Chinese e-commerce giant Alibaba Group to roughly US$1 billion in recent months, The Wall Street Journal (WSJ) reported on Thursday (Feb 20), citing sources familiar with the matter. Cohen’s position represents about seven million shares, the report said. Alibaba and Cohen did not immediately respond…
Read MoreSmattering of boos for the Canadian national anthem ahead of 4 Nations Face-Off final
USA fans countered with a smattering of boos for the Canadian national anthem ahead of the 4 Nations Face-Off final in Boston. Source link
Read MoreSingapore shares muted at Friday’s open; STI down 0.02%
SINGAPORE stocks opened nearly flat on Friday (Feb 21) morning as global markets recorded declines overnight. As at 9.03 am, the Straits Times Index (STI) was down 0.02 per cent or 0.68 point at 3,926.83. Across the broader market, losers outnumbered gainers 66 to 62 after 64.7 million securities worth S$118.4 million changed hands. Foundation…
Read MoreTrump tariff worries set gold on course for eighth straight weekly gain
GOLD prices were little changed on Friday (Feb 21) but remained on track for an eighth successive weekly gain, driven by concerns over US President Donald Trump’s tariff plans, which could spark trade wars and stoke inflation. Spot gold was up 0.1 per cent to US$2,941.25 an ounce, as at 0018 GMT. Bullion rose about…
Read MoreMets have their reasons for Jose Iglesias reluctance
The Mets are reluctant to bring back Jose Iglesias despite his desire to return for a couple of reasons: 1) Jeff McNeil ($12 million a year) is thought to be untradeable, and 2) They have high regard and hopes for rookie Luisangel Acuña, who made a big impression late last year. The Brewers might be…
Read MoreMeta reduces stock options for staff despite trading at record highs: FT
META Platforms has cut back on its yearly distribution of stock options by about 10 per cent for tens of thousands of employees despite the social media giant trading at record highs this month, the Financial Times reported on Thursday. Employees receive equity refreshers every year that make up the majority of their remuneration, alongside…
Read MoreStarHub H2 net profit up 7.5% at S$78.4 million
STARHUB posted a net profit of S$78.4 million for the second half of its financial year ended December, up 7.5 per cent from S$72.9 million in the previous corresponding period. This translates to an earnings per share of S$0.043 for the recorded period, up from S$0.04 in H2 2023. The telco’s revenue over the…
Read MoreSeatrium achieves first full-year profit with S$120.9 million H2 earnings
On its return to profitability, the company proposes a final dividend of S$0.015 a share SEATRIUM swung into the black with a net profit of S$120.9 million for the second half ended Dec 31, from a net loss of S$1.8 billion in the same period a year earlier. Together with a H1 turnaround, the offshore…
Read MoreSingapore Oil Hub Opportunities Amid US Tariff Uncertainty
The city-state may be able to leverage its robust infrastructure and strategic location to help companies adjust WITH US tariffs shaking up global trade, Singapore could profit by leveraging its position as Asia’s oil trading hub, turning price fluctuations into opportunities and helping companies navigate the turbulence, while securing supply advantages and optimising strategies, say…
Read MoreShiri Bibas’ body not returned to Israel, remains of her 2 kids positively ID’d, IDF say: ‘Serious violation by Hamas’
Israeli officials revealed Shiri Bibas’ remains were not in any of the four caskets released by Hamas early Thursday in a “serious violation” by the terrorist group. Shiri, Ariel, and Kfir were kidnapped from their home during the Oct. 7 terrorist attack. Obtained by The New York Post The Israel Defense Forces told the Bibas…
Read MorePayments firm Block’s profit misses estimate on underwhelming holiday spending
BLOCK’S fourth-quarter profit fell short of estimates as spending growth during the holiday season and gains from a post-election surge in bitcoin lagged expectations, sending the payment firm’s shares down 7 per cent after market close on Thursday. While a robust labour market and steady wage growth have supported consumer spending – bolstered further by…
Read MoreRivian records first gross profit as EV policy risks loom
RIVIAN Automotive recorded its first-ever quarterly gross profit to close out 2024, achieving a long-held goal even as it warned that policy shifts in Washington may weigh on its electric vehicle (EV) sales this year. The EV maker posted a fourth-quarter gross profit of US$170 million and expects a “modest” positive result for the figure…
Read More