Posts by Liam Redmond
Grab weighs takeover of rival GoTo at US$7 billion valuation
GRAB Holdings and GoTo Group have accelerated merger talks and are targeting a deal this year, seeking to end years of losses in South-east Asia’s competitive Internet market. The takeover could see a valuation of over US$7 billion, Bloomberg reported. One scenario being discussed is an all-stock purchase valuing shares of Indonesia’s GoTo at more…
Read MoreGrab, GoTo accelerate merger talks and aim for deal in 2025
GRAB Holdings and GoTo Group have accelerated merger talks and target a deal this year, seeking to end years of losses in South-east Asia’s competitive Internet market. Discussions have intensified in recent weeks and the companies see 2025 as an opportune year for a deal, according to sources familiar with the situation. The unprofitable firms…
Read MoreTravis Kelce doesn’t sound ready to retire after Super Bowl 2025: ‘Love doing this’
NEW ORLEANS — Travis Kelce sounds like he is not planning on leaving football anytime soon. The 35-year-old Chiefs tight end had a down year for him with only three receiving touchdowns in the regular season but he is back in the Super Bowl for the third straight year and fifth time in six years.…
Read MoreChina may loosen grip on yuan as Trump reignites trade war
CURRENCY traders are waiting with bated breath for China’s next daily reference rate for the yuan, with some expecting authorities to relax their tight grip, if Donald Trump’s tariffs go into effect. The People’s Bank of China (PBOC) may set the so-called fixing weaker than 7.2 per US dollar, according to Australia & New Zealand…
Read MoreSaquon Barkley takes playful jab at Giants’ QB situation after Jameis Winston’s free agency question
A funny interaction between Saquon Barkley and Jameis Winston at Super Bowl Opening Night led to the Giants catching a stray. Barkley was speaking to reporters from all walks of life on Monday night at the Caesars Superdome when Winston, who is serving as a correspondent for Fox Sports during Super Bowl week, came up…
Read MoreIndonesian fund, Mitsui vie for US$300 million stake in toll operator RKE: sources
INDONESIA’S sovereign wealth fund, Indonesia Investment Authority (INA), and Japan’s Mitsui are among prospective buyers of CVC Capital Partners’ 25 per cent stake in Indonesian toll road operator RKE International, valued at up to US$300 million, two sources with knowledge of the matter said. CVC, a Luxembourg-based investment firm, initiated the sale process for its…
Read MoreChinese tea drinks firm Guming aims to raise US$202 million in Hong Kong IPO
CHINESE bubble tea drinks company Guming Holdings is aiming to raise up to US$202 million in a Hong Kong initial public offering (IPO), according to regulatory filings on Tuesday (Feb 4). The company is selling 158.6 million shares in a price range of HK$8.68 to HK$9.94 each, the filings showed. In that range, Guming will…
Read MoreAyesha Curry’s Oakland shop, Sweet July, closes over safety concerns in crime-ridden Calif. city
Ayesha Curry’s boutique shop and café in Oakland, Calif. is closing “in order to prioritize the safety” of customers and workers, the business announced over the weekend. Sweet July’s last day in the crime-ridden city will be Feb. 9 — about four years after the wife of NBA star Steph Curry first opened its doors…
Read MoreBNP expands Australia presence by hiring banker for leverage finance market
BNP Paribas has hired a senior leveraged finance banker in Sydney as the French bank expands its presence in one of Asia Pacific’s busiest markets for the debt class. Peter Medynski has joined BNP in a newly-created role as director, loan capital markets, according to a spokesperson for the bank. He reports to Chris Ruffa,…
Read MorePatrick Mahomes can close GOAT gap on Tom Brady in significant way with Super Bowl 2025 win
NEW ORLEANS — Patrick Mahomes has been chasing greatness from the moment Andy Reid tapped him on the shoulder and handed him the keys to the Chiefs kingdom, and he has chased it so feverishly and so furiously that he already finds himself chasing down Tom Brady. Joe Montana was the GOAT for a while,…
Read MoreDutch lender ING looking for acquisitions to grow in Germany, Italy and Spain, says CEO
DUTCH lender ING Group is looking for opportunities to buy rival banks in major European countries to boost its size, its chief executive said, potentially joining a wave of takeovers sweeping the region’s financial sector. The remarks from the head of one of Europe’s biggest banks are a clear signal that it is open to…
Read MoreSingapore shares open higher on Tuesday; STI up 0.6%
SINGAPORE stocks rose in early trade on Tuesday (Feb 4) after US President Donald Trump delayed the start of tariffs on Mexico and Canada for a month. At the opening bell, the Straits Times Index (STI) opened 0.6 per cent or 23.27 points higher at 3,849.74. Across the broader market, gainers outnumbered losers 87 to…
Read More