Posts by Liam Redmond
iFast’s proposed acquisition of Financial Alliance stake could be more exciting than it looks
[ad_1] The relatively modest investment could burnish the growth strategy of iFast, which is on track for a multi-year growth trajectory [SINGAPORE] When digital banking and wealth-management platform iFast Corporation announced after market close on Monday (Jan 5) its plan to acquire a 30 per cent stake in Financial Alliance Corporation (FA Corp), it barely…
Read MoreFrasers Centrepoint Trust secures S$400 million green loan facility
[ad_1] This involves term loan and revolving credit facilities from DBS, OCBC and Maybank [SINGAPORE] Frasers Centrepoint Trust (FCT) has entered into a S$400 million green loan facility, the trust’s manager announced in a bourse filing on Wednesday (Jan 7). The facility involves a green term loan and revolving credit facilities, in an agreement between…
Read MoreOil falls after Trump says Venezuela will supply to US
[ad_1] [LONDON] Oil prices fell on Wednesday (Jan 7) after President Donald Trump said the United States had reached a deal to import up to US$2 billion worth of Venezuelan crude, a move that is expected to increase supplies to the world’s largest oil consumer. Brent crude futures fell US$0.11 to US$60.59 a barrel by…
Read MoreWarner Bros rejects revised Paramount bid, sticks with Netflix
[ad_1] The offer hinges on ‘extraordinary amount of debt financing’ that heightens risk of closing, the board tells shareholders [LOS ANGELES] Warner Bros Discovery’s board has unanimously turned down Paramount Skydance’s latest attempt to acquire the studio, saying its revised US$108.4 billion hostile bid amounted to a risky leveraged buyout that investors should reject. In…
Read MoreBest of the Babylon Bee: Trump to choose next Venezuelan prez in inaugural season of ‘El Aprendiz’
[ad_1] Every week, The Post will bring you our picks of the best one-liners and stories from satirical site the Babylon Bee to take the edge off Hump Day. Want more of a chuckle? Be sure to click the links. Babylon Bee “It’s going to be a tremendous show, probably the best show ever put on…
Read MoreThe Palisades are still a wasteland wrapped in red tape — a year after Los Angeles promised to help rebuild
[ad_1] LOS ANGELES — Pacific Palisades — once one of the most sought-after neighborhoods in Los Angeles, home to celebs like Tom Hanks and Ben Affleck — still looks like a war-zone a year after wildfires leveled much of it. Only a handful of the nearly 7,000 destroyed homes have been rebuilt, and outraged residents…
Read MoreContributor: Tech can avert catastrophic fires. What’s missing is coordination
[ad_1] A year ago Los Angeles woke up to a red sky. Schools closed, and families packed into cars not knowing when or if they would return. In the end many couldn’t. The series of destructive fires that lasted throughout January also hurt those whose homes did not burn down — they displaced communities, strained…
Read MoreSouth Korean leader says he asked China’s Xi to act as mediator on North Korea issues
[ad_1] South Korean President Lee Jae Myung said Wednesday he asked Chinese President Xi Jinping to serve as a mediator to help resolve the North Korean nuclear crisis and ease animosities between the two Koreas. He said he made the request when the two leaders met for a summit earlier this week. Speaking with reporters traveling with him on the…
Read MoreSingapore stocks track Wall Street gains; STI up 0.2%
[ad_1] [SINGAPORE] Singapore shares ended higher on Wednesday (Jan 7), tracking Wall Street gains. The benchmark Straits Times Index (STI) rose 0.2 per cent or 7.65 points to 4,747.62. Meanwhile, the iEdge Singapore Next 50 Index remained flat at 1,461.63. Across the broader market, gainers outnumbered losers 307 to 266, after 1.9 billion securities worth…
Read MoreCathay United Bank grants Marco Polo Marine unit long-tenor facility for NT$4.7 billion research vessel project
[ad_1] The group previously said it would finance the project through internal cashflows and not require any project-specific debt [SINGAPORE] Marco Polo Shipyard, a wholly owned subsidiary of integrated marine logistics firm Marco Polo Marine , has obtained a long-tenor guarantee facility of up to six years for its construction of an advanced research vessel.…
Read Moremm2 Asia unit receives S$200,000 payment demand from creditor
[ad_1] This is the third demand for payment that mm2 Asia’s subsidiaries have received in two weeks [SINGAPORE] A unit of the embattled entertainment group mm2 Asia has received a payment demand for S$200,000, the company said in a regulatory filing on Wednesday (Jan 7). It said that mm2 Entertainment (mm2E), a subsidiary of mm2…
Read MoreXiaomi begins pre-orders for spruced up version of SU7 sedan
[ad_1] The announcement comes as it faces increased public criticism over safety standards, following a number of accidents [BEIJING] China’s Xiaomi began taking pre-orders on Wednesday (Jan 7) for an upgraded version of its SU7 model, aiming to boost the popularity of the company’s best-selling electric sedan in the highly competitive Chinese market. Xiaomi’s announcement…
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