Posts by Liam Redmond
US approves sale of 35,000 AI chips to UAE’s G42, Saudis’ Humain
[ad_1] The deal is contingent on both companies meeting “rigorous security and reporting requirements”, the agency says [HONG KONG] The US has approved sales of tens of thousands of advanced artificial intelligence (AI) semiconductors to the Emirati AI firm G42 and regional rival Humain of Saudi Arabia, in a major boost for both Gulf nations’…
Read MoreWilmar China unit found guilty of contract fraud, liable for 1.88 billion yuan in losses; looks to appeal judgement
[ad_1] It has been previously sued as an ‘accomplice’ in contract fraud related to palm oil trades [SINGAPORE] A subsidiary of Wilmar International has been found guilty of contract fraud by a Chinese court and ordered to jointly bear losses amounting to 1.88 billion yuan (S$345.6 million). The unit was sued by the public prosecutor…
Read MoreIt’s on J.T. Miller to do more than just say right things for Rangers
[ad_1] DENVER — J.T. Miller has said and done all the right things off the ice since the “C” was stitched onto his No. 8 Rangers jersey before training camp over two months ago. On the ice, however, the Blueshirts captain has not produced nearly as much as the organization needs him to if they…
Read MoreCDL sells US$143.5 million residential property in Silicon Valley
[ad_1] Part of the group’s capital recycling and portfolio management, the sale allows it to lower gearing and redeploy capital [SINGAPORE] City Developments Limited on Thursday (Nov 20) said that its wholly owned subsidiary Millennium & Copthorne Hotels has divested a multifamily residential asset in the US for US$143.5 million to a US-based institutional investor.…
Read MoreChina investment bank CICC to acquire two smaller rivals
[ad_1] Beijing is trying to cultivate first-class domestic investment banks capable of standing up to global heavyweights [HONG KONG] China International Capital Corporation (CICC) plans to acquire two smaller brokerages as the nation seeks to strengthen its securities industry to better compete with global banking giants. CICC, one of China’s top brokerages, proposed a share-swap…
Read MoreAustralia banking regulator warns on elevated risks from abroad
[ad_1] APRA and other regulatory agencies are attempting to strengthen the system with further work dedicated to geopolitical risk [SYDNEY] Risks to Australia’s financial system from overseas are heightened and current geopolitical volatility will remain for some time, according to the nation’s banking regulator. While the country is well-placed to absorb potential shocks, the resilience…
Read MoreStocks to watch: SGX, CSE Global, Manulife US Reit, Keppel Reit, Wilmar, CDL
[ad_1] [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Nov 20): [ad_2] Source link
Read MoreAsia’s currency-defence war chest has swelled to US$8 trillion
[ad_1] [MUMBAI] Asia’s foreign-exchange reserves have surged to almost US$8 trillion, providing the authorities from Tokyo to Mumbai with ample ammunition if they need to step up defending their currencies. The major central banks in the region have added more than US$400 billion to their reserves this year, with 11 of the largest monetary authorities…
Read MoreMark Ronson breaks down ‘Adele sound,’ Clive Davis opens up about recording with Aretha Franklin
[ad_1] It was a meeting of the music men at the Iris Cantor Theatre at NYU on Tuesday night. Clive Davis and Mark Ronson appeared in conversation at a screening of their doc, “Do You Remember,” and they traded stories about the famous musicians they’ve worked with — from Aretha Franklin to Adele. Ronson met…
Read MoreHealthcare AI company Heidi launches Singapore regional hub
[ad_1] The company plans to invest US$8 million in South-east Asia in the next two to three years [SINGAPORE] Healthcare artificial intelligence (AI) company Heidi on Thursday (Nov 20) announced the launch of its South-east Asia headquarters in Singapore, with plans to invest US$8 million in the next two to three years. The money will…
Read MoreWill the gameplan for Jaxson Dart look differently with Mike Kafka now the head coach? | Blue Rush
[ad_1] NY Post columnist Mark Cannizzaro joins Brandon London to discuss the likelihood Jaxson Dart returns this week, if the gameplan will look any different with Mike Kafka now at the helm & the impact of WR Isaiah Hodgins in his first game. [ad_2] Source link
Read MorePrada heir to head Versace after 1.25 billion-euro buy-out
[ad_1] LORENZO Bertelli, the son of designer Miuccia Prada, said on Wednesday he will become executive chairman of Versace following the Prada Group’s takeover of its smaller Italian rival. Prada announced in April it was buying Versace from US group Capri Holdings for 1.25 billion euros (S$1.82 billion). Bertelli, currently Prada’s group chief marketing officer…
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