Posts by Liam Redmond
Apac PE executives are the least fazed by geopolitical uncertainty in dealmaking: report
[ad_1] [SINGAPORE] Private equity (PE) executives in the Asia-Pacific are the least fazed by geopolitical uncertainty when it comes to making deals, compared with their counterparts in other parts of the world, a report by law firm Dechert released on Tuesday (Dec 2) found. Its eighth annual Global PE Outlook, which surveyed individuals from 100…
Read MoreAirAsia founder urges Airbus to re-look software tests
[ad_1] The budget carrier is a major customer of Airbus, which is facing fallout from a weekend software glitch [HONG KONG/SINGAPORE] AirAsia, one of Airbus’ largest customers of single-aisle jets, says testing protocols for the aircraft software need to be re-examined, in the wake of the weekend glitch that required an urgent update. Tony Fernandes,…
Read MoreOutspoken short seller Michael Burry shorts Tesla over valuation and Musk pay plan, Fortune says
[ad_1] [NEW YORK] Michael Burry has bet against the shares of Tesla, saying they are “ridiculously overvalued” and warning that founder Elon Musk’s proposed US$1 trillion pay package would worsen shareholder dilution. Burry – best known for correctly betting against the US housing market during the 2008 financial crisis – estimated that the electric-vehicle maker’s…
Read MoreCostco files federal lawsuit challenging Trump’s emergency tariff orders on imported goods
[ad_1] Costco Wholesale Corporation is suing the federal government to block President Donald Trump’s emergency tariffs and recover the funds the retailer says it was improperly required to pay on imported goods. The case, filed in the Court of International Trade, argues that Trump used an emergency-powers law to impose tariffs on goods from China, Mexico,…
Read MoreBOE cuts banks’ benchmark capital requirements ahead of review
[ad_1] [LONDON] The Bank of England has cut its estimate of how much capital the UK’s banking sector needs for the first time in a decade, and signalled a consultation that could free up extra lending and higher payouts to shareholders. In a pre-market announcement on Tuesday (Dec 2), the central bank said it now…
Read MoreGavin Newsom winning early enthusiasm from liberal Hollywood donors ahead of 2028: report
[ad_1] California Gov. Gavin Newsom has an advantage with liberal Hollywood in his home state, and a new report shows he could be winning the early battle for the deep pockets of Tinseltown ahead of the 2028 Democratic primary. “He’s a fighter, that’s what we need!” a top-tier producer described as a “reliable Dem ATM over the…
Read MoreRecord-breaking 3.13M passengers screened at airports on Sunday after Thanksgiving
[ad_1] A record-shattering 3.13 million passengers were screened by the Transportation Security Administration across US airports on Sunday, according to the agency. “Yesterday, TSA screened about 3,133,924 individuals, the highest number ever in TSA’s history, bringing our Top 10 busiest days all above 3M,” the TSA announced Monday on X. The number surpassed a previous…
Read MoreNJ cop Rebecca Sayegh forfeits job for attacking ex-boyfriend, his new girlfriend in home invasion
[ad_1] A New Jersey cop who went on a destructive rampage at her ex-boyfriend’s home and attacked him and his new girlfriend is barred for life from ever working in law enforcement in the Garden State. Ex-Toms River Police Officer Rebecca Sayegh, 32, pleaded guilty to burglary, criminal mischief and simple assault on Nov. 17,…
Read MoreKristi Noem Wants ‘Full Travel Ban’ on All Countries Sending ‘Killers, Leeches and Entitlement Junkies’ to the US
[ad_1] Homeland Security Secretary Kristi Noem on Monday called for a “full travel ban” on a certain number of countries that she says are sending “killers, leeches and entitlement junkies” into the United States, following her meeting with President Donald Trump. The Homeland Security chief, however, did not clarify which countries she wants to be…
Read MoreOCBC shares continue record-breaking streak to hit S$18.95 as wealth unit shines
[ad_1] [SINGAPORE] OCBC shares surged further to another new high on Wednesday (Dec 3) after a record-breaking performance on Tuesday. OCBC is supported by “outperformance in the wealth franchise, and the optionality of higher dividends in 2026”, said Jayden Vantarakis, the head of Asean equity research at Macquarie Capital. “We identified the stock as having…
Read MoreOCBC’s shares hit record as wealth unit shines
[ad_1] OCBC shares gained as much as 0.6%, above the previous high from more than two weeks ago [SINGAPORE] OCBC shares hit a fresh record on Tuesday (Dec 2) as the wealth-management business outperforms, according to analysts. OCBC shares gained as much as 0.6 per cent, above the previous high from more than two weeks…
Read MoreCrypto’s retail traders hit hard as Strategy ETFs plunge 80%
[ad_1] [NEW YORK] Retail investors who piled into Michael Saylor’s grand Bitcoin experiment are paying a heavy price. Strategy, the company once hailed for wrapping crypto exposure into a public stock, is scrambling to calm markets after its shares plunged more than 60 per cent from recent highs, amid a sweeping digital-currency rout. On Monday…
Read More