Posts by Liam Redmond
Dongfeng jumps on bets consolidation will sweep China car market
DONGFENG Motor Group surged almost 90 per cent in Hong Kong after the Chinese automaker said its parent company plans to restructure, a move investors speculated could kick start a wave of consolidation in the nation’s ultra-competitive car market. Dongfeng Motor is planning a restructuring with other central state-owned enterprise groups that may lead to…
Read MoreChina bubble tea maker Guming raises US$232 million in IPO, term sheet shows
CHINESE bubble tea firm Guming has raised US$232 million in a Hong Kong initial public offering (IPO) after setting the price of its shares at the top of an indicated range, according to a term sheet. The pricing was at the top of the HK$8.68 to HK$9.94 per share range flagged to investors when the…
Read MoreTravis Kelce delivers complete Super Bowl 2025 dud with NFL future uncertain
NEW ORLEANS — If this was the final game of Travis Kelce’s career, it was an ugly one. What started with a telling moment – his famous girlfriend Taylor Swift getting booed by Eagles fans when she was shown on the scoreboard – only became a worse night for the power couple. Kelce didn’t catch…
Read MoreNippon Steel slumps after Trump suggests US Steel investment
NIPPON Steel slumped the most in four months after a closely watched summit between US President Donald Trump and Japanese Prime Minster Shigeru Ishiba heightened uncertainty over the company’s plan to acquire United States Steel. The leaders said Nippon Steel may make a significant investment in the US steelmaker instead, surprising investors. Shares in the…
Read MoreTom Brady rocking $740K watch at Super Bowl 2025 — and Dave Portnoy has jokes
Tom Brady brought the bling bling to New Orleans. Brady sent the internet into a tizzy during Super Bowl 2025 with his gold Jacob & Co. watch that costs roughly $740,000. Longtime Patriots fan and Tom Brady supporter Dave Portnoy didn’t let Brady’s fashion statement go unnoticed and decided to plug his own Brick Watch…
Read MoreSingapore’s STI breaks through to a new record as banks hit fresh highs
The three banks, which contribute to about half of the STI, have hit highs multiple times in the past year SINGAPORE’s Straits Times Index (STI) has broken through to a new record high on Monday (Feb 10). The index traded as high as 3,912.38 just after the open. Its last record was 3,906.16 on Oct…
Read MoreGold hovers near all-time highs as Trump’s tariff threats lift safe-haven demand
GOLD prices firmed on Monday (Feb 10), and hovered near a record high hit in the previous session, as investors sought refuge in the safe-haven asset after US President Donald Trump’s decision to impose fresh tariffs sparked concerns of a global trade war. Spot gold was up 0.3 per cent at US$2,868.66 per ounce, as…
Read MoreDBS announces capital return dividend; to pay S$1,000 bonus to all staff except senior managers
Its full-year net profit is at a new record high of S$11.29 billion, up 12% from the year-ago period DBS has set aside S$32 million to be issued as special one-time bonus of S$1,000 to all staff except senior managers, it said on Monday (Feb 10). “A special one-time bonus of S$1,000 each will be…
Read MoreSZA is all laced up in red leather for Super Bowl 2025 halftime show with Kendrick Lamar
This is certainly no “Snooze.” SZA joined headliner Kendrick Lamar during his halftime performance at the Super Bowl 2025 to sing “Luther” and “All the Stars,” dressed in an all-red leather look that included lace-up pants, a matching jacket and a shredded tank top. The R&B star accessorized with a fur hip belt and red…
Read MoreDBS shares vault past S$46 in intraday trading on strong results, capital return dividend plan
SHARES of DBS rose to a historic level after it announced an additional dividend payout for FY2025 on top of its regular dividends, alongside yet another record full-year net profit. The counter climbed as much as 4.1 per cent or S$1.82 to reach an intraday and all-time high of S$46.50 shortly after market opened on…
Read MoreDBS crosses S$46 for first time on strong results and capital return dividend plan
SHARES of DBS rose to a historic level after it announced a capital return dividend of S$0.15 per share per quarter to be paid out over FY2025 alongside its fourth-quarter results, which saw full-year net profit hit a new record of S$11.29 billion. As at 9.02 am, the counter climbed 4.1 per cent or S$1.82…
Read MoreDBS crosses S$46 for first time to hit new high on strong results and capital return dividend plan
SHARES of DBS rose to a historic level after it announced a capital return dividend of S$0.15 per share per quarter to be paid out over FY2025 alongside its fourth-quarter results, which saw full-year net profit hit a new record of S$11.29 billion. As at 9.02 am, the counter climbed 4.1 per cent or S$1.82…
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