Posts by Liam Redmond
China’s PBOC adds gold for 14th month as prices hit record
[ad_1] Bullion held by the People’s Bank of China rose by 30,000 troy ounces last month [BEIJING] China’s central bank extended its gold-buying streak to 14 months, underscoring sustained official demand for bullion as prices surge to record. Bullion held by the People’s Bank of China rose by 30,000 troy ounces last month, according to…
Read MoreGoldman Sachs tops global M&A rankings with US$1.48 trillion in deals
[ad_1] The bank ranked No 1 in M&A fee revenue and overall value of the deals it worked on [NEW YORK] Goldman Sachs once again dominated the league tables for global dealmaking in 2025, taking market share and the top spot in a year marked by high-stakes political drama and increasingly bigger mergers. The rise…
Read MoreDear Abby: My relationship with my boyfriend of 18 years is crumbling
[ad_1] DEAR ABBY: My boyfriend and I have been together for 18 years. Everyone we know thinks we are married, but we never got it on paper. He has always been less empathetic than I would like, and there’s a lot of stuff I either had to accept or move on. He never buys me…
Read More‘Ding-dong ditch’ prank erupts in gunfire, leaving juvenile shot and homeowner under arrest: police
[ad_1] A North Carolina man is behind bars on felony charges after allegedly shooting a juvenile playing “ding-dong ditch” in his residential neighborhood, according to police. The incident occurred around 11:20 p.m. in Statesville, North Carolina, on Saturday, when deputies with the Iredell County Sheriff’s Office heard gunshots coming from a nearby neighborhood while conducting a traffic…
Read MoreIkea to close seven shops in China amid competition, weak demand
[ad_1] The restructuring is aimed at directing resources to channels closer to consumers [BEIJING] Ikea will shutter seven of its signature blue-box furniture stores across China and pivot to smaller outlets, as the Swedish retailer grapples with the country’s prolonged property slump and rising competition from local rivals. Operations will end at stores in cities…
Read MoreTemasek-backed Clifford Capital prices US$1 billion government-guaranteed bond offering
[ad_1] Issue draws robust subscription; the three-year and five-year tranches carry coupons of 3.852% and 4.037%, respectively [SINGAPORE] Singapore-headquartered infrastructure credit platform Clifford Capital on Tuesday (Jan 6) priced a US$1 billion fixed-rate bond offering. The bonds are guaranteed by the Singapore government and are rated AAA by both Moody’s and Standard & Poor’s, said Clifford Capital, which counts…
Read MoreComfortDelGro, Grab, Strides extend help to drivers in a jam amid Autobahn car repossessions
[ad_1] [SINGAPORE] ComfortDelGro (CDG), Grab and Strides Premier are offering their vehicles on favourable terms to private-hire car drivers whose vehicles were repossessed by creditors of Autobahn Rent A Car. All three platform operators have waived the security deposit for these drivers, among other terms such as additional incentives to recover lost income and free…
Read MoreCarmakers slash prices again in China, defying regulators
[ad_1] Prices for new cars keep falling as automakers compete to clear out inventory in a sluggish market GLOBAL automakers and their dealers in China are pressing ahead with aggressive price cuts and purchase incentives in early 2026, defying Beijing’s efforts to rein in discounts that have roiled the market for more than three years.…
Read MoreUBS 25-year Asia veteran departs ahead of new wave of job cuts
[ad_1] The Zurich-based firm is set to begin another set of job cuts in mid-January, according to sources [HONG KONG] UBS Group’s Eric Lafon has left the Swiss lender after more than 25 years in one of the most senior departures at its Asia global markets division, according to sources familiar with the matter. Lafon,…
Read MoreAsian shares edge lower as global tensions climb, crude oil slumps
[ad_1] [TOKYO] Crude futures slid and resource shares climbed in Asian trading as markets absorbed the impact of political upheaval in Venezuela and the fate of its petroleum reserves. Oil prices continued their slide after US President Donald Trump said Venezuela will be “turning over” up to 50 million barrels of oil to be sold at its…
Read MoreGold, silver slide on profit-booking, US dollar strength
[ad_1] [BENGALURU] Gold and silver slid on Wednesday (Jan 7) as investors booked profits after a recent rally, while a stronger US dollar weighed on sentiment across the precious metals complex. Spot gold slipped 0.7 per cent to US$4,466.19 per ounce, as at 10.05 am. Bullion hit a record high of US$4,549.71 on Dec 26.…
Read MoreBarclays buys into stablecoin-settlement company Ubyx
[ad_1] Various banks and other financial institutions have announced plans involving stablecoins in the past year [PARIS] Barclays has bought a stake in US stablecoin-settlement company Ubyx, its first such investment and part of its plans to explore “new forms of digital money”, the British bank said on Wednesday (Jan 7). Ubyx, which launched in…
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