Posts by Liam Redmond
HSBC hires ex-BNP banker Sun as head of debt markets for Asia
HSBC Holdings hired former BNP Paribas banker George Sun as head of global debt markets for Asia, attracting an outsider even as the bank undergoes a restructuring. A spokeswoman for HSBC confirmed the hire. Sun starts with the bank on Mar 11 and will be based in Hong Kong. He was previously head of…
Read MoreGucci sales tumble as Kering turnaround fails to take shape
GUCCI quarterly sales tumbled as Kering’s biggest label struggles to emerge from an extended demand downturn. Revenue at Gucci fell 24 per cent on a comparable basis in the fourth quarter, Kering said on Tuesday (Feb 11) in a statement. Analysts had expected a slide of 22 per cent. In the latest sign of turmoil…
Read MoreParagon Reit jumps 11.8% on privatisation offer
This is after the manager announces that it received a S$0.98-per-unit privatisation offer from Times Properties UNITS of Paragon Real Estate Investment Trust (Paragon Reit) jumped on Tuesday (Feb 11) after the manager announced that it received a S$0.98-per-unit privatisation offer from Times Properties. The counter surged 11.8 per cent or S$0.105 to S$0.995 after…
Read MoreInside Nets’ league-leading defensive turnaround: ‘Another level’
For much of this season, any fleeting success the Nets found came at the offensive end. But their best form of the season has come over the past two weeks, and it’s come riding the best defense in the league. With their 97-89 win Monday night over the Hornets, a fellow lottery aspirant, the Nets…
Read MoreAnalysts raise target prices, dividend estimates on DBS, predicting higher valuation ahead
ANALYSTS have raised their target prices for DBS after the lender on Monday (Feb 10) posted full-year net profit that reached a record high. This points to potentially higher valuations and the bank dishing out more dividends ahead. Maybank Securities raised its target price for DBS by nearly 10 per cent to S$51.37 from S$46.91,…
Read MoreBain Capital says it may withdraw tender offer proposal for Fuji Soft
Bain, which is supported by Fuji Soft’s founding family, has yet to launch a tender offer US PRIVATE equity firm Bain Capital said it may withdraw its tender offer proposal for Japanese IT firm Fuji Soft, after rival suitor KKR raised its offer above Bain’s in a protracted bidding war. Bain Capital “is carefully considering…
Read MoreSoftBank explores debt-heavy financing for US$500 billion AI push
A FEW weeks ago, SoftBank Group founder Masayoshi Son stood alongside US President Donald Trump to unveil the Stargate Project, an artificial intelligence (AI) venture with OpenAI that could cost US$500 billion or more. Now Son is figuring out how to pay for it. The Japanese billionaire is looking at a technique called project financing…
Read MoreJalen Hurts: Philadelphia Eagles Star Lives in Modest $2,000-Per-Month Rental Despite Million-Dollar Contract as He Believes in Simple Living
While many NFL stars splurge on luxurious mansions after securing massive contracts, Philadelphia Eagles quarterback Jalen Hurts is taking a unique approach. Despite signing a $255 million deal in 2023, making him the highest-paid player in the league at that time, Hurts lives in a modest $2,000-a-month apartment rather than a lavish estate, The Sun…
Read MoreTwo men slain execution-style in hail of 40 bullets as Philly celebrates Super Bowl win
Two men were killed execution-style in a hail of at least 40 bullets in Philadelphia early Monday as the city celebrated its Super Bowl win, but cops say they haven’t connected the crime to the football event. Cops responded to the intersection of Claridge Street and Adams Avenue in the northeast section of the city…
Read MoreTrump plans to raise taxes on sports team owners worth $869 billion
The Trump administration is floating a plan to end special tax benefits for billionaire sports owners — who have a collective net worth of nearly $1 trillion. White House Press Secretary Karoline Leavitt announced on Thursday that Trump intends to eliminate “all special tax breaks for billionaire sports team owners.” While the exact details remain…
Read MoreMillennial Workplace Demands Reshaping America
Millennials are shaking things up in the workplace, and it’s hard not to notice. They’re not just clocking in for a paycheck; they’re demanding more from their employers. Flexibility, purpose, and a balance between work and life are at the top of their list. This shift is causing companies to rethink how they operate, especially…
Read MoreUS: Wall St kicks off week higher as Trump’s tariffs lift steelmakers
Wall Street’s main indexes opened higher on Monday (Feb 10), recovering from last week’s declines, as steelmakers surged after US President Donald Trump said he would impose additional tariffs on steel and aluminium imports. The Dow Jones Industrial Average rose 93.5 points, or 0.21 per cent, at the open to 44,396.92. The S&P 500 rose…
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