Posts by Liam Redmond
Gold, silver rise to near record highs on lingering safe-haven demand
The white metal has already surged 55% so far this year. Published Tue, Jan 27, 2026 · 10:54 AM [BENGALURU] Gold rose on Tuesday (Jan 27), after breaking through the US$5,100 mark for the first time in the previous session, as safe-haven demand lingered amid geopolitical uncertainty, while silver too hovered near all-time highs. Spot…
Read MoreShipbuilder Nam Cheong rises 9.3% on US$19.8 million vessel sale
The 11-year-old, 3,000 deadweight tonnage vessel was sold to an Indonesian customer [SINGAPORE] Shares of Nam Cheong rose S$0.10 or 9.3 per cent in intraday trading to hit S$1.18 at 10.13 am on Tuesday (Jan 27), a day after the offshore marine group announced the sale of a platform support vessel for US$19.8 million. The…
Read MoreIndonesia’s captive power plants putting energy transition at risk, researchers say
Published Tue, Jan 27, 2026 · 10:37 AM [JAKARTA] Efforts to decarbonise Indonesia’s power sector have been put at risk by a faster than expected increase in the number of off-grid coal power plants and a lack of transparency when it comes to cutting their emissions, researchers said on Tuesday (Jan 27). Indonesia’s captive power…
Read MoreTom Thibodeau ‘preparing for the next opportunity’ after Knicks firing
Tom Thibodeau is keeping his eyes peeled for his next coaching opportunity. The former Knicks coach, who took them to the Eastern Conference Finals for the first time in 25 years last season, told SiriusXM’s “The Starting Lineup” that he wants to be in the NBA ranks again. “I love the game. Obviously, I’m preparing…
Read MoreApollo took loss on zeroed out asset-backed loan deemed safe
The fallout from the e-commerce aggregator boom is still rippling through credit markets [LOS ANGELES] Apollo Global Management took a loss on a portion of a US$170 million asset-backed financing for Amazon brand aggregator Perch that was written off to zero, a rare stumble for a strategy touted as one of private credit’s safest and…
Read MoreSTI breaks 4,900 amid expectations for Fed to hold rates steady
[SINGAPORE] The Straits Times Index (STI) broke new ground on Tuesday (Jan 27) morning and crossed the 4,900 threshold for the first time. The benchmark index hit a historic record high of 4,912.46 in early trade, driven by gains made by its constituents – the 30 largest and most liquid companies on the Singapore Exchange…
Read MoreUS dollar still reigns, but businesses and investors ramp up currency diversification: StanChart
[SINGAPORE] The US dollar still dominates global trade, but the use of the Chinese renminbi (RMB) has gained strong momentum across Asean, with the trend expected to continue. “We do not see other currencies challenging the USD’s dominant role in the near term,” said Jean Lu, chief executive officer of Standard Chartered Bank in China…
Read MoreUOL up 8% at highest price in two decades after JPMorgan target price upgrade
[SINGAPORE] Shares of UOL Group climbed to their highest price in around two decades on Tuesday (Jan 27) morning, after JPMorgan raised its target price for the property developer on the back of strong tailwinds. The stock jumped 8 per cent to end the day at S$11.18, with some 3.7 million shares changing hands. This…
Read MoreUOL rises 6.7% after JPMorgan target price upgrade
[SINGAPORE] Shares of UOL Group climbed on Tuesday (Jan 27) morning after JPMorgan raised its target price for the property developer on the back of strong tailwinds. The stock jumped as much as 6.7 per cent in early trade to S$11.04 as at 9.04 am, with 247,900 shares changing hands. By 9.22 am, it eased…
Read MoreStarbucks reports CEO Brian Niccol earned US$31 million in 2025
Published Tue, Jan 27, 2026 · 09:21 AM [NEW YORK] Starbucks chief executive officer Brian Niccol total compensation was US$31 million in fiscal 2025, a decline from the previous year when he received stock rewards and other incentives as part of a package to lure him over from Chipotle Mexican Grill. Niccol’s 2025 pay includes…
Read MoreDr. Oz promises to ‘aggressively’ go after ‘mafia’ stealing billions through Cali hospice fraud
The Trump administration is “aggressively” targeting the Russian and Armenian mob to crack down on medical fraud in California, Medicaid czar Dr. Mehmet Oz said as he threatened a major campaign against the scheming gangsters. The former TV-doctor offered a stark warning Monday that the feds were working to take down corrupted doctors that have…
Read MoreChina’s Anta Sports muscles in with US$1.8 billion move for 29.1% Puma stake
CHINA’S Anta Sports Products said on Tuesday it had agreed to buy a 29.06 per cent stake in German sportswear maker Puma from the Pinault family’s Artemis holding company for 1.51 billion euros (S$2.3 billion). The move cements a deal first reported by Reuters earlier this month and makes the Chinese group Puma’s largest shareholder.…
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