Posts by Liam Redmond
SGX’s November securities turnover value up 18%, driven by index stocks and Reits
[ad_1] [SINGAPORE] The trading value and volume of securities on the Singapore Exchange (SGX) rose in November, driven by interest in index stocks and real estate investment trusts (Reits). The bourse operator on Wednesday (Dec 10) said total securities market turnover value rose 18 per cent year on year to S$35.5 billion. Total market turnover…
Read MoreCoupang CEO resigns over historic South Korean data breach
[ad_1] [SEOUL] Coupang chief executive officer Park Dae-jun resigned over his failure to prevent South Korea’s largest-ever data breach, which set off a regulatory and political backlash against the country’s dominant online retailer. The company said in a statement on Wednesday (Dec 10) that Park had stepped down over his role in the breach. It…
Read MoreHSBC set to pay about US$300 million to settle French criminal case
[ad_1] The full agreement would cover the fine to end the PNF case as well as the tax bill [PARIS] HSBC Holdings is poised to pay around US$300 million to settle a French criminal case into its alleged role in the “Cum-Cum” tax scandal that’s embroiled some of the biggest banks in the country, according…
Read MoreNintendo sheds US$14 billion value after chip squeeze fears grow
[ad_1] The gaming pioneer faces rising memory costs, which threaten to impair margins for its Switch 2 console [HONG KONG/TOKYO] Nintendo’s shares fell as much as 4.7 per cent on Wednesday (Dec 10) to their lowest level since May, weighed down by concerns that the surging price of components including memory chips will erode its…
Read MoreUS deploys fighter jets to Gulf of Venezuela in closest known approach yet, amid rising tension
[ad_1] The US deployed two fighter jets over the Gulf of Venezuela Tuesday, marking what appeared to be the closest known approach of military aircraft to Venezuelan airspace to date, according to reports. The F/A-18 jets were observed on Flightradar24 flying for roughly 30 minutes over the waters north of Venezuela, the Associated Press reported. A US defense official,…
Read MoreAnalysts upbeat on Singapore’s office Reits, naming one ‘uniquely leveraged’ to tap rental upside
[ad_1] [SINGAPORE] The coming year is looking promising for office Singapore real estate investment trusts (S-Reits), said analysts. The sector has begun to see “tangible improvements in capital management metrics as expensive hedges mature and refinancing activity accelerates”, said DBS analysts on Monday (Dec 8). “This decline will provide renewed financial flexibility for asset enhancements,…
Read MoreTyler Kolek’s Knicks role has grown with another NBA Cup payout on line
[ad_1] TORONTO — NBA Cup prize money isn’t created equally. For Karl-Anthony Towns, it’s a tiny fraction of his $53 million salary. For Tyler Kolek, it’s a big bonus on top of his $2.2 million. And it arrives just in time for the holidays. “Definitely it’s a big number. Last Christmas, I bought my mom…
Read MoreArchaeologists uncover intact section of ancient Jerusalem wall from Hanukkah era
[ad_1] Archaeologists have finished uncovering the longest continuous remains of an ancient wall that encircled Jerusalem, including possible evidence of a 2,100-year-old ceasefire between warring kingdoms. Last week, archaeologists finished excavating the most complete part ever discovered of the foundations of the walls, which surrounded Jerusalem during the time of the Hasmonean Kingdom, when the…
Read MoreNvidia builds location verification tech that could help fight chip smuggling
[ad_1] [SAN FRANCISCO] Nvidia has built location verification technology that could indicate which country its chips are operating in, according to sources familiar with the matter, a move that could help prevent its artificial intelligence chips from being smuggled into countries where their export is banned. The feature, which Nvidia has demonstrated privately in recent…
Read MoreGunman accused of shooting Jets CB Kris Boyd in NYC fled upstate, chopped off hair and ditched phone in escape attempt: prosecutor
[ad_1] The violent Bronx nut accused of shooting Jets cornerback Kris Boyd in the stomach outside a Manhattan eatery last month fled to Buffalo, ditched his cellphone, and chopped off his hair in a failed attempt to hide out from cops, prosecutors revealed late Tuesday. Frederick Green, 20, was arraigned Tuesday night in Manhattan Criminal…
Read MoreFake aerospace empire heiress, 74, lands on the FBI’s Most Wanted list for defrauding millions from banks
[ad_1] A fake airline heiress has landed on the FBI’s Most Wanted list after allegedly scamming multiple banks out of nearly $30 million by falsely posing as a family member of a multibillion-dollar aerospace empire. Mary Carole McDonnell, 74, is wanted for her alleged role in a fraud scheme in Los Angeles and Orange counties…
Read MoreAmazon announces US$35 billion investment in India
[ad_1] Major US tech firms have poured billions of US dollars into the country this year [BENGALURU] Amazon plans to invest more than US$35 billion in India by 2030 to expand operations and strengthen its artificial intelligence (AI) capabilities, the US e-commerce giant said on Wednesday (Dec 10), becoming the latest global tech firm to…
Read More