Posts by Liam Redmond
Amazon in talks to invest in OpenAI, source says
[ad_1] AMAZON is in discussions to invest in OpenAI, the developer of ChatGPT, in a potential deal that could value the artificial intelligence company at over US$500 billion, a source familiar with the matter said on Tuesday. The potential deal comes at a time when OpenAI is laying the groundwork for an initial public offering…
Read MoreAngels sign Jordan Romano to one-year contract after disastrous Phillies season
[ad_1] Righty reliever Jordan Romano is now a member of the Angels after a down year in Philadelphia. The two-time All-Star closer agreed to a one-year contract with the Angels, a team that ESPN’s Jeff Passan described as “loading up on reclamation projects” in hopes of them returning to All-Star form. The deal is worth…
Read MoreQuadria Capital expands into the Middle East with new Dubai office
[ad_1] [SINGAPORE] Healthcare-focused private equity firm Quadria Capital has expanded into the Middle East with a new Dubai office. This comes on the back of its partial exit from its portfolio company Nephrocare Health Services (NephroPlus), a dialysis operator in India, the Philippines, Uzbekistan and Nepal, via an initial public offering (IPO) in India. NephroPlus…
Read MoreS&P Global shifts Genting companies’ outlook to negative on weaker credit quality forecasts
[ad_1] Group capital expenditure could double in 2026, with earnings ‘unlikely’ to keep pace [SINGAPORE] S&P Global Ratings revised its outlook for the Genting group of companies to “negative”, citing expectations of weakening credit quality amid high capital expenditure. The credit rating agency on Wednesday (Dec 17) revised outlooks for Bursa Malaysia-listed Genting, Genting Malaysia,…
Read MoreAsian markets drift as US jobs data fails to boost rate cut hopes
[ad_1] ASIAN equities fluctuated on Wednesday as mixed US jobs data did little to boost expectations for another interest rate cut next month, while oil rallied after Donald Trump ordered the blockade of “sanctioned” Venezuelan tankers. With Federal Reserve officials indicating they were unlikely to lower borrowing costs for a fourth successive meeting, sentiment on…
Read MoreVisa offers stablecoin settlement for US banks using Circle’s USDC
[ad_1] [NEW YORK] Visa is opening its US network to stablecoin settlement, expanding crypto-linked products and services enabled by the relaxed regulatory environment under the second Trump administration. The global payments giant said on Tuesday (Dec 16) that it would allow US institutions to settle transactions using Circle Internet Group’s USDC token over the Solana…
Read MoreSports reporter, husband found dead at Alabama home in suspected murder-suicide
[ad_1] A beloved sports reporter who departed the airwaves to pursue teaching was found dead at her Alabama home alongside her husband in a suspected murder-suicide — with their 3-year-old son nearby. Christina Chambers, a former WBRC 6 sports reporter, and her husband, Johnny Rimes, were discovered at their family home in Hoover, Ala. shortly…
Read MoreCoupang CEO fails to appear at South Korean parliamentary hearing on data breach
[ad_1] [SEOUL] The founder of South Korea’s Coupang failed to appear before a Wednesday parliamentary hearing about the massive data breach at the e-commerce giant, angering lawmakers who said they would hold him responsible. Coupang Inc CEO and Chairman Bom Kim declined to attend the hearing, citing his overseas residence and commitments as head of…
Read MoreJapan’s Mizuho to buy majority of India’s Avendus from KKR for up to 81 billion yen
[ad_1] [TOKYO] Japan’s Mizuho Securities on Wednesday (Dec 17) said that it will buy a majority stake in Indian investment bank Avendus from US investment firm KKR for up to 81 billion yen (S$675 million). The buyout adds to Japanese financial institutions’ growing footprint in India, where a fast-growing economy has made it an attractive…
Read MoreRangers flop once again in ugly Garden loss to cellar-dwelling Canucks
[ad_1] Home ice advantage has not existed at Madison Square Garden this season. If their six shutout losses, including this most recent 3-0 loss to the Canucks, doesn’t indicate just how dismally the Rangers have played at the World’s Most Famous Arena this season, the sounds of muffled conversations culminating into loud boo’s throughout the…
Read MoreOil jumps as Trump orders blockade of sanctioned oil tankers leaving, entering Venezuela
[ad_1] [TOKYO] Oil prices climbed sharply on Wednesday after US President Donald Trump ordered “a total and complete” blockade of all sanctioned oil tankers entering and leaving Venezuela, raising fresh geopolitical tensions at a time of concerns over demand. Brent crude futures were up 57 cents, or 0.9 per cent, at US$59.50 a barrel at…
Read MoreGold ticks higher as US unemployment climbs in November
[ad_1] [BENGALURU] Gold climbed on Wednesday (Dec 17) after a US jobs report showed the unemployment rate rose in November, buoying bets of further US interest rate cuts next year while pressuring the US dollar and yields. Spot gold gained 0.4 per cent to US$4,318.37 per ounce, as at 9.17 am. US gold futures gained…
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