Posts by Liam Redmond
GigaDevice jumps nearly 40% in Hong Kong debut amid China’s chip self-sufficiency drive
Proceeds from the share sale will fund research and development as well as strategic and industry investments [HONG KONG/SINGAPORE] Shares of GigaDevice Semiconductor soared almost 40 per cent in their Hong Kong trading debut on Tuesday (Jan 13), with investors latching on to a company with surging earnings as China pushes for chip self-sufficiency amid…
Read MoreAirAsia X to be renamed AirAsia from Jan 19, founder says
[KUALA LUMPUR] AirAsia X will be renamed AirAsia from Jan 19 as low-cost carrier AirAsia reaches the final stages of its restructuring to consolidate all aviation businesses under a single entity, according to its founder Tony Fernandes. “AirAsia will be one airline group and one brand,” Fernandes said in a Linkedin post on Tuesday (Jan…
Read MoreUS Marshals join search to locate ‘West Wing’ actor Timothy Busfield following child sex abuse charges
The US Marshals Service has joined in the hunt to locate Timothy Busfield after a warrant was issued for the actor’s arrest in New Mexico in connection with child sex abuse charges. The Albuquerque Police Department confirmed that its investigators are working with the US Marshals Service to track down the “West Wing” actor’s whereabouts and take…
Read MoreGuinness-owner Diageo is said to weigh options for China assets including sale
The company is trimming global holdings as falling alcohol use hurts efforts to push pricier drinks [LONDON] Diageo is considering options for its Chinese assets, including potential divestments, people familiar with the matter said, as the maker of Guinness and Johnnie Walker seeks to streamline its portfolio. Diageo is working with Goldman Sachs Group and…
Read MoreMorgan Stanley lifts Asia bonuses 20% after record revenue haul
Despite a record year in Asia, the bank cautions against raising bonuses too sharply, aiming to smooth compensation [HONG KONG] Morgan Stanley increased bonuses by about 20 per cent for bankers in Asia after the firm closed in on a record US$10 billion in revenue from the region last year, people familiar with the matter…
Read MoreDear Abby: My grandson estranged himself from our family — should I try to keep in touch?
DEAR ABBY: My grandson “Ethan” and his fiancee lived with his mother until four years ago. When they moved out, they decided not to give his parents their new address. It has been several years since my daughter has seen her son. Apparently, they occasionally text. Ethan was married seven months ago. He didn’t invite…
Read MoreExclusive | Anti-ICE policies, a tuition freeze, expanded child care and other exclusive details from Hochul’s 2026 agenda
ALBANY – Gov. Kathy Hochul’s “State of the State” agenda for 2026 will include new policies barring ICE at “sensitive locations,” allowing upstate cities to test autonomous vehicles, a new downstate semiconductor chip design center and another tuition freeze for CUNY and SUNY schools, The Post has learned. In her fifth “State of the State”…
Read MoreIndonesia’s launch of B50 biodiesel subject to prices of crude oil and CPO, minister says
The country subsidises its biodiesel programme using proceeds from palm oil export levies [JAKARTA] The timing of Indonesia’s launch of its B50 biodiesel mandate, which blends 50 per cent palm oil-based fuel with diesel, will be subject to the price gap between crude oil and crude palm oil, a senior official said on Tuesday (Jan…
Read MoreMichael Kay calls out Pat McAfee’s criticism of sports journalists after viral Jaguars exchange
Michael Kay took exception to some of Pat McAfee’s criticisms of traditional sports journalism during his radio show, pushing back on the popular ESPN talk host’s comments, calling sports journalists “curmudgeon bums” who hate sports. All of it stems back to the viral moment between Jaguars head coach Liam Coen and the Jacksonville Free Press’…
Read MoreUBS CEO Sergio Ermotti plans to step down in April 2027 after completing Credit Suisse project: FT
The report comes at a time when UBS is trying to fight the Swiss government’s proposals to strengthen banking rules [ZURICH] UBS CEO Sergio Ermotti, who oversaw the Swiss bank’s emergency takeover of former rival Credit Suisse, plans to step down in April 2027, the Financial Times reported on Tuesday (Jan 13). Ermotti vowed in…
Read MoreUBS CEO Sergio Ermotti plans to step down in April 2027, FT reports
UBS Group CEO Sergio Ermotti is planning to step down in April 2027, the Financial Times reported on Tuesday. Aleksandar Ivanovic, UBS’s asset management chief, has emerged as one of the executives most likely to succeed Ermotti, the FT report said, citing sources. Reuters could not immediately verify the report. UBS did not immediately respond…
Read MoreChina examines foreign ETF trades after Jane Street India probe
Foreign market makers can also trade China ETFs through so-called Stock Connect links between Hong Kong and the mainland CHINA is scrutinising how Jane Street Group and other foreign firms participate in its US$859 billion exchange-traded fund (ETF) market, seeking information on such activities carried out by brokers, according to sources with knowledge of the…
Read More