Posts by Liam Redmond
Japan’s Suzuki aims to boost sales by a third by 2030, invest heavily in India
JAPANESE small car maker Suzuki Motor said it will target 4.2 million vehicles in global sales in five years’ time – an increase of nearly a third – with most of its expansion concentrated in its main market of India. It expects 60 per cent of those sales to be in India, adding that the…
Read MoreAnalysts raise target prices, dividend estimates on UOB as they get positive on earnings outlook
Maybank forecasts return on equity to increase, thereby driving higher valuations ANALYSTS have raised their target prices for UOB after the lender on Wednesday (Feb 19) posted full-year net profit that reached a record of S$6.05 billion. It also announced a S$3 billion package to distribute surplus capital over the next three years, through special…
Read MoreAnthony Edwards demands some respect from Barack Obama, viral video reveals: ‘I’m the truth!’
Anthony Edwards wasn’t going to let former president Barack Obama go without giving him the respect he believed he deserved. The 44th U.S. president chatted with the 76ers’ Joel Embiid about the Timberwolves star as cameras followed Team USA during the 2024 Olympics in Paris for the Netflix documentary “Court of Gold.” “What do you…
Read MoreKKR wins control of US$4.4 billion Fuji Soft after clash with Bain
The scramble to take Fuji Soft private is rooted in the value of the software company’s trove of human resources and real estate KKR has secured enough shares of Fuji Soft in a tender offer to take the company private, according to sources familiar with the matter, formally ending a months-long bidding war against Bain…
Read MorePolar vortex ushers in life-threatening cold for over 90 million as far south as Florida, Texas
The polar vortex has returned to the U.S., and frostbite-inducing temperatures are blasting millions of Americans. According to the FOX Forecast Center, arctic air is descending and spreading across the Lower 48 states, and temperatures have plummeted to 30-40 degrees below average for this time of year. The frigid pattern appears locked in for the foreseeable future, with a…
Read MoreManulife US Reit to sell Plaza office building for US$40 million as H2 distributable income falls 57.6%
THE manager of Manulife US Real Estate Investment Trust (Reit) reported on Thursday (Feb 20) that its distributable income fell 57.6 per cent to US$15.4 million from US$36.3 million in the year-ago period, with its revenue and net property income (NPI) declining. It reported a 57.6 per cent decline in adjusted distributable income per unit…
Read MoreTrump says Musk’s DOGE cost-cutting efforts will be ‘biggest thing’ SpaceX boss ‘has ever done’
President Trump described Elon Musk’s role leading the Department of Government Efficiency as the billionaire tech tycoon’s “biggest” undertaking of his storied career. “This will be the biggest thing he’s ever done,” Trump said of Musk and DOGE, during an interview with Fox News host Sean Hannity. The president argued that while Musk’s various business…
Read More‘Significant’ investor interest in South-east Asia’s wellness real estate sector amid global boom: CLI
INVESTOR interest in wellness real estate is steadily on the rise and South-east Asia offers significant opportunities within its health and wellness industries, said a report by CapitaLand Investment (CLI). Amid a global boom in the wellness economy, the region’s wellness and healthcare real estate sector is poised for further growth, according to the report,…
Read MoreRio Tinto opposes bid to cut London listing, 2024 profit hits five-year low
RIO Tinto does not support a push by some shareholders to consolidate the company’s dual-exchange share listing in Sydney, its CEO said on Wednesday (Feb 19) as the miner reported its lowest full-year underlying earnings in five years. Rio in a separate statement recommended its shareholders in London vote against a resolution requesting a review…
Read MoreWe scrapped our pricey wedding plans, spending just $500 instead — including a stop at McDonald’s for cheeseburgers
Join us as we celebrate our Lovin’. A pair of cost-conscious lovebirds ditched plans for a pricey wedding — proudly partying at McDonald’s instead. Ellie, 26, and Alex, 27, were set on the idea of commemorating their big day with an appropriately sizable blowout, with dozens of guests invited — until they crunched the numbers and…
Read MoreComplex AI chips will drive demand for Lam Research chipmaking tools, CEO says
LAM Research chief executive Tim Archer said on Wednesday (Feb 19) that the thirst for complex artificial intelligence (AI) silicon will push the likes of Taiwan Semiconductor Manufacturing Company (TSMC) to purchase more of the US company’s tools over the next three years. The remarks were part of the first analyst day Lam Research has hosted…
Read MoreSingapore shares open lower on Thursday; STI down 0.4%
SINGAPORE stocks declined on Thursday (Feb 20) morning, tracking overnight losses in European markets. As at 9.01 am, the Straits Times Index (STI) opened 0.4 per cent or 14.07 points lower at 3,919.97. Across the broader market, losers outnumbered gainers 60 to 46 after 41.2 million securities worth S$74.4 million changed hands. Among…
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