Posts by Liam Redmond
Asia bankers fear US scrutiny of loans involving chips, China
[ad_1] The backlash against US capital flowing into an AI ecosystem linked to Chinese firms can be swift SOME bankers in Asia are starting to worry about financing deals that would grant Chinese end-users remote access to advanced US chips amid the escalating battle between the world’s two superpowers for artificial intelligence dominance. At least…
Read MoreSupermarkets, health-and-beauty retailers set to perform in 2026, DBS says, naming top picks
[ad_1] [SINGAPORE] Supermarkets and health-and-beauty retailers are set to perform well in 2026 as Singapore consumption shifts away from discretionary items, while lower commodity costs will boost food producers, said DBS Group Research. Its Wednesday (Jan 7) note also pointed out that apparel sales declined sequentially from February to October last year, apart from a…
Read MoreWizards acquire Trae Young from Hawks in NBA blockbuster
[ad_1] Trae Young is on the move. The four-time All-Star was traded by the Hawks to the Wizards in exchange for CJ McCollum and Corey Kispert, ESPN’s Shams Charania reported. Atlanta Hawks guard Trae Young (11) yells at the referee during the game against the Chicago Bulls during the third quarter at State Farm Arena.…
Read MoreHSBC veteran James Cheo to join UBS in senior Apac role
[ad_1] Cheo will be based in Singapore and report directly to Tan Min Lan, head of CIO Apac [SINGAPORE] Banking veteran James Cheo will join UBS from HSBC in March as part of the Swiss lender’s chief investment office (CIO) team, even as the bank manages cost and workforce pressures across the region. Cheo will…
Read MoreReiner siblings Jake and Romy skip court for Nick’s arraignment
[ad_1] While a sunken-eyed, head-shaven Nick Reiner stood in a Los Angeles courtroom Wednesday facing two charges of first-degree murder, the gallery behind him was conspicuously empty of any family blood. Reiner, 32, is accused of fatally stabbing his parents, Hollywood legend Rob Reiner and Michele Singer Reiner, at their home in Brentwood on Dec.…
Read MoreMusk lawsuit over OpenAI for-profit conversion can head to trial, US judge says
[ad_1] [WASHINGTON] Billionaire entrepreneur Elon Musk persuaded a judge on Wednesday to allow a jury trial on his allegations that ChatGPT maker OpenAI violated its founding mission in its high-profile restructuring to a for-profit entity. Musk was a cofounder of OpenAI in 2015 but left in 2018 and now runs an AI company that competes…
Read MoreOUE Reit in ‘exclusive talks’ for partial stake in Salesforce Tower in Sydney
[ad_1] There is no certainty that any transaction will materialise at this juncture, says manager [SINGAPORE] OUE Real Estate Investment Trust (OUE Reit) is in “exclusive talks” with Mitsubishi Estate Asia for a potential acquisition of a partial stake in Salesforce Tower in Sydney. Located at 180 George Street in Circular Quay, Sydney, New South…
Read MoreArm launches ‘Physical AI’ unit, joining rush to robotics by tech and automakers
[ad_1] Interest in humanoid robots has boomed as companies see human-form machines as the next frontier in AI and automation [BENGALURU] Chip technology company Arm Holdings has reorganised the company to create a Physical AI unit to expand its presence in the robotics market, company executives said at CES, where robots are a theme of…
Read MoreCLI fund buys 5-hectare Jurong site to build S$260 million automated logistics facility
[ad_1] 71,000 sq m facility set for completion in 2028; CLI also takes minority stake in smart logistics firm Ally Logistic Property [SINGAPORE] CapitaLand Investment Limited (CLI) on Thursday (Jan 8) announced plans for its regional fund to develop a S$260 million automated facility in Singapore. It also announced a minority investment in smart logistics…
Read MoreLA Mayor Bass brushes off Palisades fire protests, claims locals are ‘profiting’
[ad_1] Los Angeles Mayor Karen Bass brushed off Palisades fire protesters — accusing organizers “profiting” from the demonstrations while locals are still reeling from the devastating inferno one year later. Bass said she didn’t think residents should have marked the one-year anniversary of the deadly fires on Wednesday with the “They Let Us Burn” rally.…
Read MoreStocks to watch: FCT, CLI, OUE Reit, Tan Chong International, Vividthree
[ad_1] [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jan 8): [ad_2] Source link
Read MoreTrump-linked World Liberty Financial seeks license to launch trust bank
[ad_1] The company says that it plans to allow conversion services between US dollars and USD1 without fees at launch [BENGALURU] World Liberty Financial, a crypto venture backed by the family of US President Donald Trump, said on Wednesday (Jan 7) that its subsidiary has filed an application with US banking regulators to establish a…
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