Posts by Liam Redmond
US Justice Department accuses two Chinese men of trying to smuggle Nvidia chips
[ad_1] Prosecutors estimate that the scheme had been in operation since at least November 2023, according to court documents [WASHINGTON] Two Chinese men are in custody for allegedly smuggling Nvidia H100 and H200 chips to China, the US Justice Department said on Monday (Dec 8), as US President Donald Trump gave the green light for…
Read MoreSingapore-focused investors look to tech sector for growth: poll
[ad_1] [SINGAPORE] Even as the tech sector takes a beating across the world, Singapore-focused investors believe it will attract the most investment across the next three years. This view was held by nearly two-thirds of 322 Singapore-focused investors polled by professional services company PwC between Sep 1 and Oct 6, according to its 2025 Global…
Read MoreVietnam’s Vingroup to develop US$3 billion ecosystem in Telangana, strengthens India push
[ad_1] VinFast, despite its ongoing global expansion, continues to report widening losses [HANOI] Vietnam’s largest conglomerate Vingroup on Tuesday (Dec 9) signed a memorandum of understanding with Telangana’s state government for a proposed US$3 billion investment to establish a multi-sector ecosystem in the southern Indian state. The projects would cover smart urban development, electric mobility,…
Read MoreRunaway horse ‘Sundance’ dashes down highways near JFK Airport before safe capture: wild footage
[ad_1] A runaway horse was seen dashing down multiple highways near John F. Kennedy International Airport Sunday night, shocking drivers before it was safely captured by Port Authority officers, according to wild footage. Dumbfounded passersby posted videos on social media of the horse galloping along the JFK Expressway, past motels and even up an exit…
Read MoreAster invests US$155 million to expand Singapore’s Bukom refinery capacity
[ad_1] [SINGAPORE] Aster Chemicals and Energy said on Tuesday (Dec 9) that it has invested US$155 million in rejuvenation projects at its Bukom refining facility, in a bid to strengthen energy supply resilience. It has committed US$75 million to revitalise a condensate splitter unit, which will increase the refinery’s crude processing capacity to more than…
Read MoreNigeria Investigates Organ-Harvesting Ring After Discovering Corpses
[ad_1] Police in the southeastern Nigerian state of Imo are investigating a possible organ-harvesting ring after finding a hideous trove of mutilated corpses at a hotel. The Imo horror is an especially grim example of Nigeria’s kidnapping epidemic, in which every sort of malevolent group — from Islamic State jihadis to huge bandit gangs and…
Read MoreJalen Hurts commits rare double-turnover during wild play in gaffe-filled Eagles-Chargers game
[ad_1] Jalen Hurts had multiple turnovers in the first half of the Eagles game on Monday night, including two that actually occurred on the same play. The rare double turnover happened in the second quarter of Philadelphia’s matchup with the Chargers at SoFi Stadium, when Hurts dropped back to pass and heaved the ball right…
Read MoreMost markets track Wall St losses as jitters set in ahead of Fed rate trajectory
[ad_1] Bets on a third successive cut have surged on the back of data pointing to a weakening jobs market [HONG KONG] Most stocks fell in Asia on Tuesday (Dec 9) as investors grow nervous about the US Federal Reserve’s plans for interest rates next year following an expected cut this week. With traders fully…
Read MoreMost markets track Wall St losses amid jitters about Fed rate trajectory
[ad_1] Bets on a third successive cut have surged on the back of data pointing to a weakening jobs market [HONG KONG] Most stocks fell in Asia on Tuesday (Dec 9) as investors grow nervous about the US Federal Reserve’s plans for interest rates next year following an expected cut this week. With traders fully…
Read MoreHong Kong asks investment banks to ensure IPO applications maintain standards
[ad_1] More than 300 companies have filed to list in the city, most of them from mainland China [HONG KONG] Investment banks preparing Hong Kong initial public offering (IPO) applications have been asked to make sure their submissions are up to standard, the city’s securities regulator and the stock exchange operator said. Regulators believe that…
Read MoreGold rises but investors stay cautious about ‘hawkish’ Fed tone
[ad_1] [BENGALURU] Gold edged higher on Tuesday (Dec 9), even as investors pulled back slightly on US rate cut bets, reflecting caution that the US Federal Reserve could strike a more hawkish tone on next year’s monetary easing at its upcoming policy meeting. Spot gold rose 0.1 per cent to US$4,194.83 per ounce as at…
Read MoreGranite Asia raises US$350 million for fund backed by Temasek, Khazanah, INA
[ad_1] [SINGAPORE] Granite Asia, a Singapore-based investment firm, said on Tuesday (Dec 9) that it had raised more than US$350 million in the first close of its Pan-Asia private credit fund, anchored by South-east Asian state investors Temasek, Khazanah Nasional and the Indonesia Investment Authority (INA). The strategy, called Libra Hybrid, is targeting US$500 million…
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