Posts by Liam Redmond
BlackRock cuts hundreds of jobs, trimming about 1% of staff
[NEW YORK] BlackRock is cutting hundreds of jobs across the company, becoming the latest Wall Street firm to rein in headcount in recent weeks. The cuts total about 1 per cent of BlackRock’s global headcount, according to sources familiar with the matter, who asked not to be identified discussing private information. The reductions amount to…
Read MoreSK Hynix to invest nearly US$13 billion in chip packaging plant in South Korea
[SEOUL] SK Hynix Inc. plans to spend 19 trillion won (S$16.6 billion) building a new advanced chip packaging facility, kicking off a major expansion aimed at meeting surging demand from AI applications. The South Korean company will begin construction of the complex in the southern city of Cheongju in April with the aim of completion…
Read MoreMajor US banks gear up for bond sales as Trump turns up pressure
The biggest US banks usually borrow in the investment-grade bond market soon after posting earnings [NEW YORK] Wall Street is about to embark on its regular borrowing binge, as it gears up to sell debt soon after posting results. This year there’s a wildcard: US President Donald Trump, who is increasingly willing to pressure the…
Read MoreEx-Giants corner Sam Beal has been missing for months as distraught family seeks answers
The family of former Giants cornerback Sam Beal is asking for the public’s help after it has been seven months since he went missing. Beal, taken by the Giants in the supplemental draft in 2018, has not been seen since July 12, 2025, and his sister, Essence Zhane, took to social media on Monday trying…
Read MoreBHP is stuck on the sidelines of copper M&A frenzy it started
The company’s CEO is also nearing the end of his tenure, potentially hindering the negotiation of a transformational deal [LONDON] BHP Group’s bold bid to buy rival Anglo American in 2024 was supposed to set it up as the clear winner in a copper boom it had long predicted. Two years later, the copper market…
Read MoreStocks to watch: Thomson Medical, Vin’s Holdings, Alpha Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jan 13): Thomson Medical : The mainboard-listed group on Monday announced that it has appointed Tong Kooi Ong, 66, as its independent, non-executive chairman to the board, effective Feb 1 this year. Tong succeeds Ng Ser Miang, 76, who…
Read MoreSilver’s one-year 180% bull run: What to know about investing in it versus gold
The use of digital silver accounts to manage silver investments has gained traction recently [SINGAPORE] Silver’s streak continues into the new year, after a strong rally in 2025 – with its spot price reaching an all-time high of US$84.60 per troy ounce on Monday (Jan 12). The white metal has been outperforming several other precious…
Read MoreApple, Google strike Gemini deal for revamped Siri in major win for Alphabet
The iPhone maker has faced a series of setbacks on the AI front after being late to the race [BENGALURU] Apple will use Google’s Gemini models for its revamped Siri coming later this year under a multi-year deal that deepens the tech giants’ alliance in the artificial intelligence (AI) era and bolsters Alphabet’s position in…
Read MoreStrong January lifts odds of another record year for STI, further upside ahead: OCBC
[SINGAPORE] The year may have kicked off on a shaky note for global markets with geopolitical volatility following American action in Venezuela. However, the Singapore market appears to have bucked that trend, with at least one analyst suggesting that the strong start to the local bourse in January – which is up about 2.1 per…
Read MoreKylie Jenner posts selfies with Timothée Chalamet’s co-star following awkward Golden Globes snub
Kylie Jenner proved she had no hard feelings towards Odessa A’zion after the actress snubbed her during an awkward moment at the 2026 Golden Globes. The makeup mogul posted two photos with the “Marty Supreme” star on her Instagram Stories on Monday. In a mirror selfie from inside the event, the two posed together while…
Read MoreMeta unveils ‘Meta Compute’ initiative to build AI infrastructure
Big Tech companies are looking to secure long-term electricity supplies as AI and data centres increase US power demand [BENGALURU] Meta has announced its “Meta Compute” initiative to build artificial intelligence (AI) infrastructure and oversee the social media company’s global fleet of data centres and supplier partnerships in its pursuit of superintelligence. CEO Mark Zuckerberg…
Read MoreUS urges partners and allies to increase critical minerals supply chain resiliency
[WASHINGTON] US Treasury Secretary Scott Bessent held a meeting on Monday with ministers from different US partners and allies “to discuss solutions to secure and diversify supply chains for critical minerals, especially rare earth elements,” the Treasury Department said in a statement. Bessent expressed optimism nations will pursue “prudent derisking over decoupling,” and that they…
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