Posts by Liam Redmond
Apollo took loss on zeroed out asset-backed loan deemed safe
[ad_1] The fallout from the e-commerce aggregator boom is still rippling through credit markets [LOS ANGELES] Apollo Global Management took a loss on a portion of a US$170 million asset-backed financing for Amazon brand aggregator Perch that was written off to zero, a rare stumble for a strategy touted as one of private credit’s safest…
Read MoreSTI breaks 4,900 amid expectations for Fed to hold rates steady
[ad_1] [SINGAPORE] The Straits Times Index (STI) broke new ground on Tuesday (Jan 27) morning and crossed the 4,900 threshold for the first time. The benchmark index hit a historic record high of 4,912.46 in early trade, driven by gains made by its constituents – the 30 largest and most liquid companies on the Singapore…
Read MoreUS dollar still reigns, but businesses and investors ramp up currency diversification: StanChart
[ad_1] [SINGAPORE] The US dollar still dominates global trade, but the use of the Chinese renminbi (RMB) has gained strong momentum across Asean, with the trend expected to continue. “We do not see other currencies challenging the USD’s dominant role in the near term,” said Jean Lu, chief executive officer of Standard Chartered Bank in…
Read MoreUOL up 8% at highest price in two decades after JPMorgan target price upgrade
[ad_1] [SINGAPORE] Shares of UOL Group climbed to their highest price in around two decades on Tuesday (Jan 27) morning, after JPMorgan raised its target price for the property developer on the back of strong tailwinds. The stock jumped 8 per cent to end the day at S$11.18, with some 3.7 million shares changing hands.…
Read MoreUOL rises 6.7% after JPMorgan target price upgrade
[ad_1] [SINGAPORE] Shares of UOL Group climbed on Tuesday (Jan 27) morning after JPMorgan raised its target price for the property developer on the back of strong tailwinds. The stock jumped as much as 6.7 per cent in early trade to S$11.04 as at 9.04 am, with 247,900 shares changing hands. By 9.22 am, it…
Read MoreStarbucks reports CEO Brian Niccol earned US$31 million in 2025
[ad_1] Published Tue, Jan 27, 2026 · 09:21 AM [NEW YORK] Starbucks chief executive officer Brian Niccol total compensation was US$31 million in fiscal 2025, a decline from the previous year when he received stock rewards and other incentives as part of a package to lure him over from Chipotle Mexican Grill. Niccol’s 2025 pay…
Read MoreDr. Oz promises to ‘aggressively’ go after ‘mafia’ stealing billions through Cali hospice fraud
[ad_1] The Trump administration is “aggressively” targeting the Russian and Armenian mob to crack down on medical fraud in California, Medicaid czar Dr. Mehmet Oz said as he threatened a major campaign against the scheming gangsters. The former TV-doctor offered a stark warning Monday that the feds were working to take down corrupted doctors that…
Read MoreChina’s Anta Sports muscles in with US$1.8 billion move for 29.1% Puma stake
[ad_1] CHINA’S Anta Sports Products said on Tuesday it had agreed to buy a 29.06 per cent stake in German sportswear maker Puma from the Pinault family’s Artemis holding company for 1.51 billion euros (S$2.3 billion). The move cements a deal first reported by Reuters earlier this month and makes the Chinese group Puma’s largest…
Read MoreChina’s Anta Sports buys 29% Puma stake for US$1.8 billion, rules out full takeover
[ad_1] The deal is expected to help German sportswear group increase its sales in the lucrative Chinese market Published Tue, Jan 27, 2026 · 08:56 AM [BEIJING] China’s biggest sportswear brand Anta Sports Products said on Tuesday (Jan 27) that it would buy a 29.06 per cent stake in Puma from the Pinault family for…
Read MoreTether says it bought 27 tonnes of gold in fourth quarter
[ad_1] Published Tue, Jan 27, 2026 · 08:49 AM [LONDON] Tether, issuer of the world’s largest stablecoin, added about 27 tonnes of gold to its fund exposure in the fourth quarter of 2025, it said on Monday (Jan 26), broadly unchanged from its third-quarter purchases estimated by analysts at 26 tonnes. Gold’s 18 per cent…
Read MoreMizuho adds HSBC, JPMorgan, Deutsche Bank hires in wave
[ad_1] The firm has also hired a former head of insurance for Europe, the Middle East and Africa at HSBC in Paris Published Tue, Jan 27, 2026 · 08:32 AM [NEW YORK] Mizuho Financial Group has brought in Jon Connor, Thibaud de Maria and Richard Robinson as part of a hiring wave of senior investment…
Read MoreStocks to watch: ST Engineering, MLT, KIT, OUE Reit, Low Keng Huat
[ad_1] [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jan 27): ST Engineering : The company on Monday announced that its Land Systems business in December had been awarded a contract by the Ministry of Defence for the next-generation Infantry Fighting Vehicles (IFVs). No value for the…
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