Posts by Nathan Pine
Nexperia’s China unit resumes chip sales to domestic distributors, requires renminbi-only payments: sources
[ad_1] The chipmaker is seeking chip packaging partners outside China as the dispute drags on [BEIJING/TAIPEI] Dutch chipmaker Nexperia’s Chinese unit has resumed supplying semiconductors to local distributors, according to two people briefed on the matter, having previously halted all shipments when Beijing banned exports following an ownership dispute. But as part of the resumption,…
Read MoreNokia profit surges past estimates on network growth
[ad_1] [HELSINKI] Nokia’s adjusted profit for the third quarter beat estimates, thanks to growth in its network infrastructure and optical networks businesses. The Finnish company reported 435 million euros (S$655.2 million) in adjusted operating profit for the quarter, the company said on Thursday (Oct 23). That compares to an average analyst estimate of 324 million…
Read MoreSingapore 6-month T-bill cut-off yield slides to 1.41%
[ad_1] This is a drop from the 1.44% offered in the last 6-month auction that closed on Oct 9 [SINGAPORE] The latest cut-off yield on Singapore’s six-month Treasury bill (T-bill) slipped to 1.41 per cent, according to auction results released by the Monetary Authority of Singapore on Thursday (Oct 23). This marked a decrease from…
Read MoreFormer Citi banker Wang Qiming gets longest sentence in S$3 billion money laundering scandal
[ad_1] [SINGAPORE] A former wealth banker at Citigroup got the longest sentence in Singapore’s biggest money laundering case for his role in aiding the movement of illicit funds and obstructing justice. Wang Qiming, a former relationship manager at Citibank Singapore, was sentenced to 24 months in prison after he pleaded guilty to four out of…
Read MoreFormer Citi banker gets longest sentence in S$3 billion money laundering scandal
[ad_1] [SINGAPORE] A former wealth banker at Citigroup got the longest sentence in Singapore’s biggest money laundering case for his role in aiding the movement of illicit funds and obstructing justice. Wang Qiming, a former relationship manager at Citibank Singapore, was sentenced to 24 months in prison after he pleaded guilty to four out of…
Read MoreNomura CEO seeks to tap more private market bets from Japanese
[ad_1] [TOKYO] Nomura Holdings’ chief executive officer sees more scope to get business from Japanese investors who are looking to private markets as a way to diversify their assets. “Compared with the share of private assets in portfolios overseas, Japan’s exposure is still quite low,” CEO Kentaro Okuda said in an interview broadcast on TV…
Read MoreUK AI Company Wonder Studios Raises $12M From Investors Including Atomico & Adobe
[ad_1] Wonder Studios, a British company weaving AI into storytelling, has completed a $12M raise. Founded by Xavier Collins and Justin Hackney in April, Wonder’s news investors include Atomico; Adobe Ventures; Erik Huggers, a key architect behind BBC iPlayer; and Upside Ventures, established by YouTube stars the Sidemen. It builds on Wonder’s pre-seed raise, which…
Read MoreAsia: Crude spikes as Trump threatens Russian giants, stocks turn lower
[ad_1] Crude prices spiked more than two per cent on Thursday after Donald Trump said he would hit two Russian oil companies with hefty sanctions, while talk that the White House was planning curbs on software exports to China added to gloom on markets. Both main oil contracts jumped almost three per cent – having…
Read MoreChina and US ‘just flexing muscles’ over critical metals, BHP chair says
[ad_1] [MELBOURNE] The US and China are battling to project power as they compete to secure critical minerals supply, the new chair of BHP said on Thursday, downplaying any potential for the global miner to be caught between its top customer and the world’s biggest economy. “You’ve got two very, very powerful nations just flexing…
Read MorePicturehouse Acquires Patrick Creadon Documentary ‘The King Of Color’ Ahead Of AFI Fest
[ad_1] EXCLUSIVE: Picturehouse has taken all North American distribution rights to Patrick Creadon‘s new documentary The King of Color, about Lawrence Herbert, the creator of the Pantone Matching System. The movie is playing AFI Fest on Friday, with a limited theatrical release set for December 12. Herbert, a visionary whose innovative idea to standardize color…
Read MoreDancing With the Stars’ Carrie Ann Inaba Claps Back at Critics With Help From Taylor Swift
[ad_1] In fact, Danielle said she appreciates Carrie Ann’s “direct” approach to judging. As the Boy Meets World alum shared in her E! interview, “Carrie Ann saying that our dances look the same, we walked out of here and we said, ‘All right, next week, we will give her what she asked for.’” That’s why…
Read MoreJacob Elordi Has Only Read Nate’s ‘Euphoria’ Season 3 Scenes, Compares Secrecy To “The JFK Files”
[ad_1] With Season 3 of Euphoria finally in production after more than three years, creator Sam Levinson apparently isn’t taking any chances with spoilers. Jacob Elordi, who reprises his role as Nate Jacobs in the HBO high school drama, admitted that he’s only read his character’s scenes as he compared the script to “the JFK…
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