Posts by Liam Redmond
UBS already has enough capital to meet new government requirements: Swiss central bank
Government forces UBS to raise the amount of common equity capital it holds domestically against its foreign operations to 100% Published Thu, Jul 2, 2026 · 02:17 PM [ZURICH] UBS Group already has enough capital to meet the proposed new requirements in the Swiss government’s reform, according to the Swiss National Bank (SNB). In its…
Read MoreNvidia offers revenue sharing model for aspiring AI startups
Published Thu, Jul 2, 2026 · 02:15 PM [HONG KONG] Nvidia is looking to expand access to its leading artificial intelligence hardware by granting token credits to developers in exchange for a share of their future sales. The company at the heart of the AI boom will help connect AI data centre operators with cloud…
Read MoreDBS, Samsung Securities ink MOU to advance wealth management collaboration across Asia
The tie-up covers four areas, such as access to the South Korean market for the Singapore lender’s clients [SINGAPORE] DBS and Samsung Securities on Thursday (Jul 2) signed a memorandum of understanding (MOU) to partner in the area of wealth management, to enhance their services to clients in Asia. The venture will see the two…
Read MoreRussian missiles and drones kill 8 and cause damage across Ukraine capital
Russia launched a large-scale attack on Ukraine’s capital overnight into Thursday that killed at least eight people and injured dozens as loud explosions shook Kyiv for hours. The attack with ballistic and cruise missiles and drones damaged buildings and civilian infrastructure across the city. Many residents took shelter at metro stations after Ukrainian President Volodymyr Zelenskyy and…
Read MoreBusiness jet departures in Middle East drop 30% during Iran war
Take-offs between Feb 28, when the war started, and Jun 28 fall to 15,171, from 21,529 in the year-ago period Published Thu, Jul 2, 2026 · 01:53 PM [MONTREAL] Business jet departures in the Middle East declined about 30 per cent in the aftermath of the Iran war, a trend that is at risk of…
Read MoreAEM says US court has dismissed Advantest’s patent infringement complaint
[SINGAPORE] AEM Holdings on Thursday (Jul 2) said a US court has dismissed a patent infringement complaint filed against the company and its subsidiaries by Advantest Test Solutions. In an order dated Jun 29, the US District Court for the Southern District of California ruled that California-based semiconductor firm Advantest failed to adequately plead direct…
Read MoreOpenAI proposes handing Trump administration 5% stake, FT reports, amid growing US scrutiny of AI firms
The move follows growing public backlash in the US over AI’s potential to cause economic upheaval, including layoffs Published Thu, Jul 2, 2026 · 12:58 PM — Updated Fri, Jul 3, 2026 · 07:11 AM OPENAI has discussed giving the US government a 5 per cent stake, the Financial Times reported on Thursday (Jul 2),…
Read MoreDodgers prioritize bigger picture in ugly loss to Athletics
WEST SACRAMENTO –– Thanks to their MLB-best record and all-but-insurmountable 12 ½ game lead in the National League West, the Dodgers have some luxuries with how they navigate the rest of this regular season. Exhibit A came on Wednesday, when they went with a pitching plan never likely to work. After pushing back Shohei Ohtani’s…
Read MoreOpenAI proposes giving the US government a 5% stake: FT
The proposal coincides with growing pressure from the Trump administration on major US AI firms Published Thu, Jul 2, 2026 · 12:58 PM [WASHINGTON] OpenAI has begun discussions about giving the US government a 5 per cent stake in the ChatGPT-developer, the Financial Times reported, citing two people familiar with the talks. OpenAI chief executive…
Read MoreChina Resources New Energy shares triple on debut after Asia’s biggest IPO of 2026
The strong start for the renewable power operator offers a confidence boost for issuers and investors Published Thu, Jul 2, 2026 · 12:41 PM [SHANGHAI] China Resources New Energy shares nearly tripled in the company’s Shenzhen trading debut on Thursday (Jul 2), after the wind and solar power firm raised 24.5 billion yuan (US$3.61 billion)…
Read MoreUS regulator probes US$100 million insider trading linked to Chinese brokerages Futu, Tiger Brokers: sources
Published Thu, Jul 2, 2026 · 12:12 PM [WASHINGTON] The US Securities and Exchange Commission (SEC) is looking into allegations that unknown insider traders made US$100 million on options bets ahead of a recent Chinese regulatory crackdown on cross-border brokerages, said a person familiar with the matter. Susquehanna International Group went public with its claims…
Read MoreMamdani roasted for telling New Yorkers to set their ACs to 78 degrees as blistering heat wave bakes Big Apple
Mayor Zohran Mamdani was roasted online for urging New Yorkers to set their air conditioners to a balmy 78 degrees as a punishing heat wave wallops the Big Apple — threatening to send temps soaring to 100 degrees for the first time since 2012. “New York: it’s hot out there, and the power grid is…
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