Posts by Liam Redmond
China’s Anta Sports buys 29% Puma stake for US$1.8 billion, rules out full takeover
The deal is expected to help German sportswear group increase its sales in the lucrative Chinese market Published Tue, Jan 27, 2026 · 08:56 AM [BEIJING] China’s biggest sportswear brand Anta Sports Products said on Tuesday (Jan 27) that it would buy a 29.06 per cent stake in Puma from the Pinault family for 1.5…
Read MoreTether says it bought 27 tonnes of gold in fourth quarter
Published Tue, Jan 27, 2026 · 08:49 AM [LONDON] Tether, issuer of the world’s largest stablecoin, added about 27 tonnes of gold to its fund exposure in the fourth quarter of 2025, it said on Monday (Jan 26), broadly unchanged from its third-quarter purchases estimated by analysts at 26 tonnes. Gold’s 18 per cent rise…
Read MoreMizuho adds HSBC, JPMorgan, Deutsche Bank hires in wave
The firm has also hired a former head of insurance for Europe, the Middle East and Africa at HSBC in Paris Published Tue, Jan 27, 2026 · 08:32 AM [NEW YORK] Mizuho Financial Group has brought in Jon Connor, Thibaud de Maria and Richard Robinson as part of a hiring wave of senior investment bankers,…
Read MoreStocks to watch: ST Engineering, MLT, KIT, OUE Reit, Low Keng Huat
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jan 27): ST Engineering : The company on Monday announced that its Land Systems business in December had been awarded a contract by the Ministry of Defence for the next-generation Infantry Fighting Vehicles (IFVs). No value for the contract…
Read MoreExclusive | Mugshot of NYC nightlife giant Richie Akiva’s released
It’s a far cry from pap shots with A-list celebs at his Met gala after parties. Richie Akiva’s latest close up is from jail. The mugshot of the one-time owner of celeb haunts like 1Oak and Up and Down mugshot has been released, days after he surrendered to police for allegdly attacking a longtime friend…
Read MoreNvidia invests US$2 billion more in CoreWeave, offers new chip
The world’s most valuable company has pledged tens of billions of US dollars towards AI companies [WASHINGTON] Nvidia, the dominant maker of artificial intelligence (AI) chips, invested an additional US$2 billion in the cloud computing firm and key customer CoreWeave, marking the latest example of the circular financing deals that have lifted valuations of AI…
Read MoreChevron amasses largest fleet in almost a year to ship Venezuelan oil
The US has also enlisted traders Trafigura Group and Vitol Group to help sell as much as 50 million barrels of oil Published Tue, Jan 27, 2026 · 07:28 AM [HOUSTON] Chevron has assembled its largest fleet of vessels in almost a year to ship Venezuelan crude, after the US moved to exert control over…
Read MoreFirst victim in deadly Maine plane crash ID’d as attorney wife of prominent Texas law firm founder
The attorney wife of an elite Texas law-firm partner was among six people killed when a private jet flipped over and burst into flames at a Maine airport over the weekend — just after a voice over the radio said, “Let there be light.’’ Tara Arnold was killed when the plane registered to her husband…
Read MoreNew Airbus commercial CEO signals production focus, backs bigger A220
Published Tue, Jan 27, 2026 · 07:01 AM [DUBLIN] The new CEO of Airbus’ jet division pledged on Monday to focus on increasing production of models including the A350 wide-body jet, and appeared to back a larger version of the regional A220. “The whole ecosystem is under pressure,” Lars Wagner told the Airline Economics conference…
Read MoreNike slashes 775 jobs in US to speed up automation, boost profit
Published Tue, Jan 27, 2026 · 06:44 AM NIKE is laying off 775 employees, a source familiar with the matter told Reuters on Monday, as the sportswear giant looks to boost profits and accelerate its use of automation. The cuts will primarily impact distribution centre roles in Tennessee and Mississippi, where the sneaker giant operates…
Read MoreMicrosoft’s latest AI chip to reduce reliance on Nvidia
The Maia 200 chip is being produced by Taiwan Semiconductor Manufacturing Company Published Tue, Jan 27, 2026 · 06:25 AM [WASHINGTON] Microsoft is rolling out its second-generation artificial intelligence (AI) chip, the centrepiece of the company’s push to power its services more efficiently and provide an alternative to Nvidia hardware. The Maia 200 chip, which…
Read MoreTexas governor bars state employees from using Shein, Alibaba products
The Trump administration has sought to rein in its own actions that could antagonise Beijing Published Tue, Jan 27, 2026 · 06:22 AM — Updated Tue, Jan 27, 2026 · 11:41 AM [WASHINGTON] Texas will bar its employees from using Shein, Alibaba and TP-Link hardware and software, the governor said on Monday (Jan 26), saying…
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