Posts by Liam Redmond
US officials feared Israel was plotting to kill head Iranian negotiators: report
The US believed Israel was plotting to kill Iran’s head negotiators in the middle of the peace talks, with America going as far as to warn Tehran through third party countries of the risks, officials said. Fears that Israel could derail the fledgling peace talks spiked in April as America believed the Jewish state had…
Read MoreAlibaba, Tencent join US$2 billion funding for Kuaishou’s Kling AI
The company may potentially raise as much as about US$3 billion as more investors may take part in future Published Fri, Jul 3, 2026 · 11:00 AM [HONG KONG] Alibaba Group Holding joined a US$2 billion financing round for Kuaishou Technology’s Kling AI, valuing the creator of one of China’s most popular generative video services…
Read MoreMicrosoft mobilises 6,000 workers to help customers adopt AI
The division will help customers deploy AI more efficiently and inform Microsoft’s product development decisions Published Fri, Jul 3, 2026 · 10:48 AM [SAN FRANCISCO] Microsoft is setting up a new organisation with 6,000 employees to help businesses with the technical and strategic work of deploying artificial intelligence. The division’s workers will have experience across…
Read MoreJaylen Brown opens up about 76ers trade — and how he has to change attitude former nemesis
“The Process” is rejuvenated in Philadelphia — at least according to its newest star, Jaylen Brown. Brown, who was dealt by the Celtics to the 76ers in a blockbuster swap on Wednesday, declared that “the process” — the term used to reference Philadelphia’s rebuilding phase last decade — is “back the f–k on.” “Alright, I’m…
Read MoreSembcorp shares fall to four-month low after Citi cuts profit forecasts
[SINGAPORE] Shares of Sembcorp Industries fell 3.9 per cent to a four-month low of S$5.95 in early trade on Friday (Jul 3) after Citi slashed its profit forecasts for the counter. In a report on Thursday evening, Citi analyst Luis Hilado cut the brokerage’s recurring profit forecast for Sembcorp for the next three years by…
Read MoreSembcorp shares fall to four-month low; Citi cuts profit forecasts
The counter declined 4.2% earlier on Friday, but has pared some losses to be 3.7% down as at midday [SINGAPORE] Shares of Sembcorp Industries fell as much as 4.2 per cent to a four-month low of S$5.93 on Friday (Jul 3) after Citi slashed its profit forecasts for the company. The counter recovered somewhat but…
Read MoreTrump thinks Musk will donate SpaceX stock to US child savings scheme
Published Fri, Jul 3, 2026 · 09:57 AM [WASHINGTON] US President Donald Trump said he thinks Elon Musk will donate SpaceX stock to the Trump accounts initiative, following other technology executives who have embraced the new investment vehicles for children. “Well, I think that he will do that,” Trump said in an interview on Thursday…
Read MoreNJ Transit commutes thrown into chaos as extreme heat causes delays, cancellations
NJ Transit riders faced a hellish commute Thursday after extreme heat caused a slew of lengthy delays and cancellations — just a day after a 3% fare hike went into effect. The state’s transit service said equipment issues sparked several delays that snarled morning and evening commutes as an oppressive “heat dome” blanketed the tri-state…
Read MoreAsian markets find footing as US jobs data, PMIs lift stocks
MSCI’s broadest index of Asia-Pacific shares outside Japan rises 2.2% after two consecutive days of declines Published Fri, Jul 3, 2026 · 09:33 AM — Updated Fri, Jul 3, 2026 · 03:38 PM [SINGAPORE] Stocks rose during the Asian trading session on Friday (Jul 3) after a lukewarm US jobs report poured cold water on…
Read MoreTokenisation could ease liquidity bottlenecks in next phase of cross-border payments, say panellists
Banks say digital assets will complement, not replace, existing cross-border payment systems [SINGAPORE] Liquidity has emerged as one of the biggest remaining hurdles in cross-border payments, with tokenisation offering banks a more efficient way to fund transactions. This comes as the industry moves towards round-the-clock settlement, executives from the Society for Worldwide Interbank Financial Telecommunication…
Read MoreChina quant funds draw billions as AI trounces human traders
The funds are churning out new products that are being snapped up by investors who are abandoning stock pickers Published Fri, Jul 3, 2026 · 08:53 AM [BEIJING] Quant funds in China have become so popular that they are being deluged with investors’ money. Ubiquant, one of the top players, raised 2.6 billion yuan (US$384…
Read MoreGold jumps 2.8% after soft US job numbers ease Fed rate hike fears
Traders now see a nearly 51% chance of a rate hike by September, down from 66% previously, says CME FedWatch tool Published Fri, Jul 3, 2026 · 08:50 AM [LONDON/ BENGALURU] Gold climbed after weak US job numbers eased fears that the Federal Reserve may raise interest rates this year to tackle inflation. Bullion…
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