Posts by Liam Redmond
Fidrec extends jurisdiction to include claims from small businesses and charities from July
This comes after the organisation’s 2024 public consultation displayed strong support for making it accessible to small businesses [SINGAPORE] The Financial Industry Disputes Resolution Centre (Fidrec) is extending its jurisdiction to include small businesses and charities from Tuesday (Jul 1). This comes after the organisation’s 2024 public consultation displayed strong support for making it accessible…
Read MoreTorrent to acquire KKR’s stake in JB Pharma for US$1.4 billion
[MUMBAI] Torrent Pharmaceuticals agreed to take a controlling stake in JB Chemicals & Pharmaceuticals from private equity firm KKR, the latest sign of a dealmaking boom in India. Torrent will buy a 46.4 per cent stake in the company known as JB Pharma from KKR for 1,600 rupees per share, according to a statement on…
Read MoreChina’s Zijin Mining to acquire Kazakh gold mine in US$1.2 billion deal
Published Mon, Jun 30, 2025 · 09:11 AM CHINA’S biggest gold and copper producer Zijin Mining said on Monday it had agreed to buy one of the largest gold mines of Kazakhstan, the Raygorodok Gold Mine, for US$1.2 billion. Zijin said its unit Zijin Gold International and Jinha Mining, a subsidiary of Zijin Gold, had…
Read MoreFu Yu appoints four new independent, non-executive directors at AGM
[SINGAPORE] Four new independent directors were appointed to the board of components manufacturer Fu Yu Corporation at its annual general meeting (AGM) held on Friday (Jun 27), the company said in a Sunday bourse filing. This comes as resolutions tabled by the group’s largest shareholder Victor Lim to appoint Gilbert Rodrigues, Ralf Pilarczyk, Yang Zhenrong…
Read MoreAaron Judge’s ‘game-changer’ Yankees sidekick appears to emerging
For mere mortals, of course, it would not be called any kind of June swoon. But we’re talking about Aaron Judge here. Who bashed a pair of home runs to power the Yankees to a 12-5 win over the A’s … with a barking back. “His back was bothering him,” Aaron Boone said, and smiled. …
Read MoreStocks to watch: OCBC, Fu Yu, TalkMed
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Jun 30): OCBC: The local bank announced in an e-mail sent to customers on Jun 27 that it will cut interest rates for its 360 Account, in line with lower interest rate expectations. With effect from Aug 1, the maximum…
Read MoreAsian banks fuel more than US$2 billion loan boom in Middle East
[HONG KONG] Middle East borrowers are ramping up loans that are being syndicated in Asia-Pacific as they look to diversify fundraising beyond global bond and domestic markets. More than US$2 billion of Middle East deals targeting Asian bank liquidity have launched in recent weeks, including Saudi Electricity’s US$1 billion loan, Banque Saudi Fransi’s US$750 million…
Read MoreChina fund beats 97% of peers by buying Pop Mart, dumping Moutai
[HONG KONG] A 30-year-old Chinese fund manager is trouncing peers this year with a portfolio stocked with Gen Z-favoured names such as Pop Mart International Group, betting that new-age shopping trends can help his fund overcome the country’s economic sluggishness. Xie Tianyuan’s Penghua Selected Return Flexible Allocation Mixed Fund has returned 24 per cent this…
Read MoreShein to file confidentially for Hong Kong IPO in rare move: sources
CHINA-FOUNDED fast-fashion retailer Shein plans to file a draft prospectus confidentially for its Hong Kong listing, marking a rare departure from the usual practice of companies making public filings of IPO documents, three sources with knowledge of the matter said. Shein aims to submit the filing confidentially as soon as this week, one of the…
Read MoreNikkei 225 expected to trend higher if trade deals are inked
The Nikkei 225 Index Futures, traded in standard, mini, and micro contracts, is a derivative instrument based on Japan’s flagship equity benchmark, the Nikkei 225 Index. Its top three constituents by weight are Fast Retailing (Uniqlo), Tokyo Electron (semiconductor equipment), and Advantest (semiconductor testing solutions). In May, Japanese equities rallied by 5.36 per cent in…
Read MoreYour nightmares are scary — and putting you in an early grave: study
Scared to death? You betcha. Anyone who’s ever had a nightmare knows how much they can absolutely wreck your mood. That’s because, as neuroscientist Dr. Abidemi Otaiku pointed out: “Our sleeping brains cannot distinguish dreams from reality.” A new study shows weekly nightmares can accelerate your biological aging to an alarming degree. LIGHTFIELD STUDIOS –…
Read MoreTrump says TikTok buyer group found, needs China nod
[WASHINGTON] US President Donald Trump said he has identified a buyer for the American operations of TikTok, the social media app owned by Chinese company ByteDance, without naming the winning bidder. Completing a sale would be contingent on Beijing and President Xi Jinping’s agreement, Trump added in a pre-taped interview on Fox New’s Sunday Morning…
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