Posts by Liam Redmond
Honda and Nissan say merger talks called off
Japanese auto giants Honda and Nissan confirmed on Thursday (Feb 13) they had scrapped merger talks announced in December, ending a tie-up that would have created the world’s third-largest carmaker. The firms said in a joint statement that they “agreed to terminate the MOU (memorandum of understanding) signed on December 23 last year for consideration…
Read MoreChris Cuomo calls out ex-colleague Anderson Cooper as a ‘fool’ after CNN anchor told ex-NH gov ‘Don’t be a d–k’
NewsNation anchor Chris Cuomo chided Anderson Cooper Wednesday night when he claimed his former CNN colleague looked like a “fool” after the journalist told ex-New Hampshire governor Chris Sununu to not be a “d–k.” Cuomo, who was fired from CNN in 2021, weighed in on the exchange between Cooper and Sununu that grew heated while…
Read MoreFormer intern becomes billionaire in Australia pharmacy merger
A corporate tie-up in Australia will produce a parade of fortunes in an industry hardly known for extravagance. More than 100 shareholders will officially be millionaires. At least 10 will be worth over US$100 million. And atop the group are three billionaires, including one former intern. Behind this blitz of riches, rare even for Australia…
Read MoreMikal Bridges block on Trae Young in closing seconds secures Knicks’ win
Mikal Bridges struggled to contain Trae Young most of the night. But he shut him down when it mattered most. Young scored 38 points and dished 19 assists in the Knicks’ 149-148 win over the Hawks on Wednesday night at Madison Square Garden, helping lead a wild Atlanta comeback in the fourth quarter to force…
Read MoreSouth Korea fines JPMorgan, Morgan Stanley, Nomura and UBS for short selling breaches
South Korea’s market watchdog has decided to impose fines on JPMorgan, Morgan Stanley, Nomura and UBS for violating short-selling rules in the domestic stock market, officials at the country’s Financial Supervisory Service (FSS) said on Thursday (Feb 13). “We have concluded administrative sanctions, meaning imposing fines,” an official said, declining to provide further details because…
Read MoreLatest Singapore six-month T-bill cut-off yield drops to 2.9%
THE cut-off yield for Singapore’s latest six-month Treasury bill (T-bill) fell to 2.9 per cent, based on auction results released by the Monetary Authority of Singapore on Thursday (Feb 13). This was down from the 3.04 per cent offered in the previous six-month auction that closed on Jan 28. Demand for the latest tranche rose…
Read MoreBezos’ rocket firm bracing for job cuts after years of expansion
Blue Origin is bracing for a large reduction in its workforce, sources familiar with the matter said, in a sign the Jeff Bezos-backed space company is looking to cut costs and focus resources on ramping up rocket launches after years of R&D work. The magnitude of the job cuts was not immediately clear, though one…
Read MoreJollibee shares rally after foreign ownership cap scrapped
SHARES of Jollibee Foods surged the most in over four years on Thursday (Feb 13) after the Philippines’ top restaurant operator secured the bourse’s approval to remove a 40 per cent cap on foreign ownership of the company. The stock jumped as much as 8.9 per cent, its largest intraday rise since October 2020. It…
Read MoreOng Beng Seng’s HPL Shifts Focus to Orchard Road Post-Cuscaden Exit
HOTEL Properties Ltd (HPL), the real estate player owned by tycoon Ong Beng Seng, will focus on developing its assets and holdings after exiting a Temasek-backed consortium that owns Paragon real estate investment trust (Reit), among other assets. “Hotel Properties Ltd, Tiga Stars’ parent company, plans to focus its resources on the development of its…
Read MoreUAE company plans nuclear power plant in Indonesia
EMIRATES Global Aluminium (EGA) plans to build a nuclear power plant with a capacity of up to five gigawatts in Indonesia, the Indonesian economic affairs ministry said in a statement issued on Wednesday (Feb 12). The ministry also said high electricity prices and a lack of low-carbon electricity had delayed plans for EGA, a United…
Read MoreIndonesia says UAE’s Emirates Global Aluminium plans nuclear power plant
UAE firm Emirates Global Aluminium (EGA) plans to build a nuclear power plant with a capacity of up to five gigawatts in Indonesia, the Indonesian economic affairs ministry said in a statement issued on Wednesday (Feb 12). The ministry also said high electricity prices and a lack of low-carbon electricity had delayed plans for EGA…
Read MorePetition calling for Denmark to buy California secures more than 230K signatures as Trump eyes Greenland
More than 230,000 people have signed a tongue-in-cheek retaliatory petition calling for Denmark to purchase California in response to President Trump’s growing desire to acquire Greenland. The Denmarkification campaign pokes fun at Trump’s famous slogan — and his repeated calls to expand America’s territory — as it aims to raise “$1 trillion (give or take…
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