Posts by Liam Redmond
Isaiah Williams having nothing left to ‘fear’ allowing him to be valuable Jets spark plug
Sometimes, good things get lost in the rubble of a team’s poor season. Good things, too, get lost in the malaise of losses — particularly lopsided losses like the one in which the Jets were outclassed, outcoached and outplayed in their 34-10 defeat to the Dolphins on Sunday at MetLife Stadium. That loss was no…
Read MoreByteDance, Alibaba keen to order Nvidia H200 chips after Trump green light: sources
The chip’s ability to train AI models is currently unmatched by domestic equivalents [BEIJING/SINGAPORE] ByteDance and Alibaba have asked Nvidia about buying its powerful H200 AI chip after US President Donald Trump said he would allow it to be exported to China, four people briefed on the matter told Reuters. The Chinese companies are keen…
Read MoreComfortDelGro and Pony.ai get green light to test self-driving shuttles on public roads in Punggol
[SINGAPORE] The Land Transport Authority (LTA) of Singapore has given its approval to transport operator ComfortDelGro and its autonomous vehicle (AV) partner Pony.ai to begin testing their AV shuttles in residential district Punggol. ComfortDelGro told The Business Times on Wednesday (Dec 10) that the Centre of Testing & Research of Autonomous Vehicles – NTU (Cetran)…
Read MoreIMF wades into debate over yuan, warns on risk of trade tensions
It’s lending its voice to a debate over distortions caused by a weaker exchange rate [BEIJING] The International Monetary Fund linked China’s booming exports and growing trade imbalances in part to a real depreciation of the yuan, lending its voice to a debate over distortions caused by a weaker exchange rate. Following the conclusion of…
Read MoreHSBC’s senior bankers hid behind co-head roles, CEO Georges Elhedery says
Since taking charge, he has nearly halved the size of the bank’s operating committee [LONDON] HSBC’s chief executive officer Georges Elhedery said not enough executives were fully accountable for the performance of their businesses, before he began his radical restructuring of the bank 15 months ago. Since taking charge of Europe’s largest lender, he has…
Read More3 Keppel subsidiaries put up for voluntary liquidation
The wholly owned units are Keppel Enterprise FinHub, Keppel Enterprise Services, and Keppel People Services [SINGAPORE] Asset manager Keppel said on Wednesday (Dec 10) that three of its wholly owned subsidiaries – Keppel Enterprise FinHub, Keppel Enterprise Services, and Keppel People Services – have been placed under members’ voluntary liquidation. The Business Times has reached…
Read MoreSGX’s November securities turnover value up 18%, driven by index stocks and Reits
[SINGAPORE] The trading value and volume of securities on the Singapore Exchange (SGX) rose in November, driven by interest in index stocks and real estate investment trusts (Reits). The bourse operator on Wednesday (Dec 10) said total securities market turnover value rose 18 per cent year on year to S$35.5 billion. Total market turnover volume,…
Read MoreCoupang CEO resigns over historic South Korean data breach
[SEOUL] Coupang chief executive officer Park Dae-jun resigned over his failure to prevent South Korea’s largest-ever data breach, which set off a regulatory and political backlash against the country’s dominant online retailer. The company said in a statement on Wednesday (Dec 10) that Park had stepped down over his role in the breach. It appointed…
Read MoreHSBC set to pay about US$300 million to settle French criminal case
The full agreement would cover the fine to end the PNF case as well as the tax bill [PARIS] HSBC Holdings is poised to pay around US$300 million to settle a French criminal case into its alleged role in the “Cum-Cum” tax scandal that’s embroiled some of the biggest banks in the country, according to…
Read MoreNintendo sheds US$14 billion value after chip squeeze fears grow
The gaming pioneer faces rising memory costs, which threaten to impair margins for its Switch 2 console [HONG KONG/TOKYO] Nintendo’s shares fell as much as 4.7 per cent on Wednesday (Dec 10) to their lowest level since May, weighed down by concerns that the surging price of components including memory chips will erode its profit.…
Read MoreUS deploys fighter jets to Gulf of Venezuela in closest known approach yet, amid rising tension
The US deployed two fighter jets over the Gulf of Venezuela Tuesday, marking what appeared to be the closest known approach of military aircraft to Venezuelan airspace to date, according to reports. The F/A-18 jets were observed on Flightradar24 flying for roughly 30 minutes over the waters north of Venezuela, the Associated Press reported. A US defense official, speaking…
Read MoreAnalysts upbeat on Singapore’s office Reits, naming one ‘uniquely leveraged’ to tap rental upside
[SINGAPORE] The coming year is looking promising for office Singapore real estate investment trusts (S-Reits), said analysts. The sector has begun to see “tangible improvements in capital management metrics as expensive hedges mature and refinancing activity accelerates”, said DBS analysts on Monday (Dec 8). “This decline will provide renewed financial flexibility for asset enhancements, share…
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