Posts by Liam Redmond
Starbucks is said to start process to revamp vast China business
[HONG KONG] Starbucks has contacted private equity (PE) firms, technology companies and others as it considers options for its China business, including a possible stake sale, according to sources familiar with the matter. The coffee chain sent out letters via a financial adviser to several potential investors this week to solicit views on the China…
Read MoreStarbucks is said to kick off process to sell stake in sprawling China business
[HONG KONG] Starbucks has contacted private equity (PE) firms, technology companies and others as it considers options for its China business, including a possible stake sale, according to sources familiar with the matter. The coffee chain sent out letters via a financial adviser to several potential investors this week to solicit views on the China…
Read MoreHong Kong investment banking jobs show signs of picking up
[HONG KONG] Hong Kong’s investment banking job market is showing signs of a recovery, with the number of licensed professionals in the financial hub ticking up as initial public offerings have staged a rebound. The improved job landscape for investment bankers – with such jobs rising 0.5 per cent in February from the end of…
Read MoreQatari jet gift turns spotlight on Trump graft allegations
[WASHINGTON] Donald Trump vowed to be a dictator only on his first day back in office, but his critics say four months of corruption “bigger and more brazen” than in his scandal-plagued first term is beginning to alienate supporters. The US president’s decision to accept a luxury jet from Qatar is the latest in a…
Read MoreHHS chief RFK Jr. says Americans should not take his medical advice
Take two of whatever you like and don’t call him in the morning. Robert F. Kennedy Jr., the nation’s top public health official, argued Wednesday that Americans shouldn’t be taking medical cues from him. The Health and Human Services secretary made the stunning statement during a House Appropriations Committee hearing, after Rep. Marc Pocan (D-Wis.)…
Read MoreBumitama Agri Q1 profit rises 51% to 495.9 billion rupiah
[SINGAPORE] Bumitama Agri posted on Thursday (May 15) a 51 per cent rise in net profit to 495.9 billion rupiah (S$38.9 million) for the first quarter of 2025, from 328.4 billion rupiah in the previous corresponding period. Revenue for the quarter rose 18.6 per cent year on year to reach 4.6 trillion rupiah, from 3.9…
Read MoreBumitama Agri Q1 profit rises 51% to 495.6 billion rupiah
Higher commodity prices and rising production drive revenue up 19% at 4.6 trillion rupiah [SINGAPORE] Bumitama Agri posted on Thursday (May 15) a 51 per cent rise in net profit to 495.6 billion rupiah (S$38.9 million) for the first quarter of 2025, from 328.4 billion rupiah in the previous corresponding period. Revenue for the quarter…
Read MoreGold inches higher as investors buy the dip ahead of US data
Published Thu, May 15, 2025 · 09:30 AM [BENGALURU]] Gold prices edged higher on Thursday (May 15) as investors took advantage of lower levels after the metal hit a one-month low in the previous session, while market participants now await US Producer Price Index data for clearer economic direction. Spot gold was up 0.2 per…
Read MoreFormer Long Island school custodian, 40, indicted on 113 charges for filming child sex abuse, sharing footage online
A former Long Island school custodian has been indicted for allegedly filming himself sexually abusing at least one child and sharing the footage online, Suffolk County prosecutors said. Brian Woehr, a 40-year-old former custodian in the Lindenhurst School District, has been hit with over 100 charges after cops uncovered disturbing pictures and videos he took…
Read MoreSasseur Reit posts 1.6% rise in Q1 rental income to 175.4 million yuan
[SINGAPORE] The global tariffs imposed by the US and the push by the Chinese government to boost domestic consumption provide Sasseur Real Estate Investment Trust (Sasseur Reit), which owns four outlet malls in China, with a “window of opportunity” to grow, said the Reit manager on Thursday (May 15). Speaking at the Reit’s earnings brief…
Read MoreChina to US ocean cargo bookings surge after tariff pause, Vizion says
Published Thu, May 15, 2025 · 09:02 AM [LOS ANGELES] United States bookings for container transport from China to the US spiked almost 300 per cent in the wake of the United States and China pausing punishing tit-for-tat tariffs, container-tracking software provider Vizion said on Wednesday. The average bookings for the seven days ended Wednesday…
Read MoreGolden Agri-Resources Q1 profit rises 47% to US$55 million on better plantation output
[SINGAPORE] Golden Agri-Resources (GAR) reported net profit of US$55 million for the first quarter ended Mar 31, up 47 per cent from US$37 million in the previous corresponding period. This was mostly driven by stronger plantation output and an appreciation in the price of crude palm oil, the company said on Thursday (May 15). Revenue…
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