Posts by Liam Redmond
Goldman, JPMorgan and UBS lead Golden Goose’s buyout debt
[ad_1] Temasek Holdings will take a minority stake in the Italian high-end sneaker producer [LONDON] Goldman Sachs, Group JPMorgan Chase and UBS Group are leading a debt financing deal backing a Chinese firm’s acquisition of Italian high-end sneaker producer Golden Goose Group. The deal could total between 800 million euros (S$1.2 billion) to 900 million…
Read MoreWall Street falls at open on worries over Fed autonomy
[ad_1] [NEW YORK] Wall Street’s main indexes opened lower on Monday (Jan 12) after the Trump administration renewed its attacks on the Federal Reserve, stoking fresh worries about the central bank’s independence, while a proposed one-year cap on credit-card interest rates weighed on financial stocks. The Dow Jones Industrial Average fell 4.4 points, or 0.01…
Read MoreHow Trump’s proposed cap on credit card rates could reshape consumer lending
[ad_1] It could wipe out billions of dollars in interest income for banks and card issuers, and result in them tightening credit boxes [NEW YORK] A proposed one-year cap on credit card interest rates backed by US President Donald Trump could reduce borrowing costs for some consumers. But it could also limit credit availability, pressure…
Read MoreUS stocks slide, gold surges after DOJ opens criminal probe into Fed chair Jerome Powell
[ad_1] Wall Street was rocked early Monday after federal prosecutors opened a criminal investigation into Federal Reserve Chair Jerome Powell — rattling investors and igniting fears of political interference at the central bank. Dow futures tumbled more than 350 points in premarket trading, with the blue-chip contract down 357 points, or 0.72%, while S&P 500…
Read MoreStanChart is preparing crypto expansion with prime brokerage
[ad_1] It will house the new business within its wholly owned venture capital unit, SC Ventures [SINGAPORE] Standard Chartered plans to set up a prime brokerage for cryptocurrency trading, sources said, as global banks step up efforts to compete in digital assets. The London-based lender will house the new business within its wholly owned venture…
Read MoreSean Penn caught smoking at his table during the Golden Globes 2026
[ad_1] One Cigarette After Another. Sean Penn was caught smoking at his table during the 2026 Golden Globes — instead of stepping outside the theater at the Beverly Hilton in California to quench his craving. The “One Battle After Another” actor was reportedly lighting up “inside the theater, right at his table,” per Vanity Fair.…
Read MoreTrump warns ExxonMobil after CEO calls Venezuela ‘uninvestible’: ‘They’re playing too cute’
[ad_1] President Trump told reporters Sunday night that he was “inclined” to deny ExxonMobil any role in rebuilding Venezuela’s moribund oil industry after its CEO told him point-blank Friday that the South American country was “uninvestible” despite the recent capture of President Nicolas Maduro. “I didn’t like Exxon’s response,” Trump said to reporters on Air…
Read MoreJPMorgan forecasts 2027 Fed hike; Barclays, Goldman postpone rate cut calls
[ad_1] Data suggests the labour market is holding, aiding belief that the Fed will leave borrowing costs unchanged at its January meeting [NEW YORK] JPMorgan predicts that the US Federal Reserve’s next move will be a rate hike in 2027, while Barclays and Goldman Sachs joined Morgan Stanley in postponing rate cut calls to mid-2026,…
Read MoreNot another dotcom bubble: DBS CIO doubles down on AI, healthcare
[ad_1] Hou Wey Fook is confident that AI-related optimism is based on sound fundamentals [SINGAPORE] The so-called “artificial intelligence (AI) bubble”, which has some concerned, is not the same as the 2000’s “dotcom bubble”, said DBS’ chief investment officer (CIO) Hou Wey Fook. “The noise is getting louder by the day around the artificial intelligence…
Read MoreSingapore Exchange proposes bond futures for India, South-east Asia
[ad_1] THE Singapore Exchange (SGX) held multiple calls with treasury officials from global banks about introducing futures tied to some Asian government bond markets, according to people familiar with the matter. The bourse discussed introducing the futures for countries including India, Indonesia, Malaysia, the Philippines and Thailand, the people said, asking not to be named…
Read MoreNYC sumo wrestlers stay hot on the dating scene as they prep for world championships in Westchester
[ad_1] You’re gonna want sumo this. Two Big Apple-bred sumo wrestlers will take part in the sport’s world championships held in the suburbs for the first time — and each of them said their love lives have blossomed since getting into the “super niche” heavyweight competition. Josh Ortiz, of the Bronx, and Kofi Miller, of…
Read MoreGrab gets approval to test its autonomous vehicle services with the public in Singapore
[ad_1] The community testing phase involves grassroots advisers and residents of Punggol [SINGAPORE] Ride-hailing giant Grab, in partnership with WeRide, has started accepting selected members of the public to test its autonomous vehicle (AV) services on Monday (Jan 12) in the Punggol district of north-east Singapore. Several members of the media, including The Business Times,…
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