Posts by Liam Redmond
Moscow, Beijing discuss Russian oil exports boost
[ad_1] Russia has been discussing with Chinese partners the possibilities of expanding oil exports to China [MOSCOW] Moscow and Beijing have been discussing ways to expand Russian oil exports to China, Russian Deputy Prime Minister Alexander Novak said on Tuesday (Nov 25). China and India have become the main buyers of Russian oil since the…
Read MoreInitial Ukraine-Russia peace plan was hashed out over dinners in Miami – Rubio was unaware of ‘full scope’ until the day draft leaked: report
[ad_1] The original 28-point plan for peace in Ukraine was drafted by US special envoy Steve Witkoff and President Trump’s son-in-law Jared Kushner after “secret meetings” with a Kremlin insider in Miami – and Secretary of State Marco Rubio only learned the “full scope” of the proposal once it was leaked, according to a report. …
Read MoreMajor Indonesia nickel plant cuts output as waste piles up
[ad_1] HPAL producers have also been contending with the higher cost of sulphur, a chemical used to produce acid [SINGAPORE] A majority Chinese-owned plant at Indonesia’s most important nickel site is cutting back production as its tailings site is nearly full, according to sources familiar with the matter, highlighting the industry’s growing waste management challenge.…
Read MoreBMW mulls adding range-extending engines to EV models in China
[ad_1] The company may become the first German automaker to offer the technology that’s not yet widely available in Europe [MUNICH] BMW is weighing the addition of range extenders to some of its vehicles amid growing demand for the technology popularised by its Chinese rivals, according to sources familiar with the company’s strategy. The company…
Read MoreBrowns legend Bernie Kosar out of hospital after liver transplant: ‘Walking miracle’
[ad_1] Bernie Kosar described himself and his current circumstances as a “walking miracle” on Monday after the Browns legend was discharged from University Hospital, a week after he had a successful liver transplant. His release from the hospital came a day before his 62nd birthday. “There was no way I thought I was going to…
Read MoreGold holds steady as rising US rate-cut bets offset dollar strength
[ad_1] [BENGALURU] Gold prices held steady on Tuesday (Nov 25) after rising nearly 2 per cent in the previous session, as increasing prospects of a US rate cut in December countered a firm US dollar. Spot gold was down 0.2 per cent at US$4,132.20 per ounce, as at 9.07 am. Bullion rose 1.8 per cent…
Read MoreChina’s AI promise lures top Asia fund away from South Korea, Taiwan
[ad_1] Investments by leading Chinese cloud services providers are expected to rise 20% next year A TOP-PERFORMING Asian money manager is boosting exposure to artificial-intelligence (AI) stocks in China while retreating from those in South Korea and Taiwan, citing relatively better valuations and outlook. “Some of the names are still quite cheap in terms of…
Read MoreFix America’s trade-school crisis — and fill the jobs Trump is bringing home
[ad_1] President Donald Trump has done what the old bipartisan consensus never dared: put trade and industrial policy squarely on the side of “Made in America.” Tariffs are back, steering investment into domestic production. Automakers, pharmaceutical firms and semiconductor giants are announcing new plants on American soil. After three decades of offshoring, the signal from…
Read MoreNew owners to revive fish farms vacated by troubled Apollo, Barramundi groups
[ad_1] [SINGAPORE] Two fish farming facilities that had been given up by firms exiting the local aquaculture industry have been acquired by local companies to pursue new farming ventures, The Straits Times (ST) has learnt. One is a S$65 million eight-storey vertical farm once owned by Apollo Aquaculture Group, which ran into financial difficulties in…
Read MoreRate hikes drive Japan regional banks towards mergers to survive
[ad_1] The lenders are facing increased competition for deposits as an inexpensive funding source with interest rates rising, and new rivals such as internet-based banks are also growing [TOKYO] Three decades after a bad debt crisis in Japan forced a wave of mergers that created its mega lenders, the focus now is on consolidation in…
Read MoreMystery caller reports discovery of human remains live on DC-area radio show: ‘Dude, call the cops!’
[ad_1] A blasé caller of a Washington, DC-area radio show reported the discovery of human remains in Maryland — and he left the hosts shocked and appalled when he revealed he hadn’t even reported the grisly find to police. Elliot Segal, the primary host and DJ on “Elliot in the Morning,” started out his show…
Read MoreAsia tycoon backs US$1.5 billion AI bet with private credit fund
[ad_1] [LONDON] A patriarch for one of Asia’s biggest finance fortunes is joining other members of the global rich in bolstering artificial intelligence (AI) investments, defying fears of a bubble. Andre Koo Sr has committed at least US$100 million to anchor two funds started this month that will allocate to AI infrastructure companies, including those…
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