Posts by Liam Redmond
Tactics to dump coal are failing in Asia as energy demand booms
Indonesia has cancelled a flagship project that was the poster child for shuttering coal plants early [BEIJING] Coal’s future in Asia is looking brighter, as the top-consuming region’s efforts to shift to cleaner energy suffer a series of setbacks. Indonesia has cancelled a flagship project that was the poster child for shuttering coal plants early.…
Read MoreRed Sox interested in possible Ketel Marte trade as hot stove heats up
The Red Sox are among the teams that are interested in trying to make a move to acquire All-Star second baseman Ketel Marte from the Diamondbacks. Multiple reports on Tuesday suggested that the Red Sox had their eye on Marte, though it isn’t clear what they would be willing to give up to bring him…
Read MoreTemasek-owned SeaTown raises about US$900 million in second close of third private credit fund
This comes four months after its first close of over US$612 million back in August [SINGAPORE] SeaTown, owned by Temasek’s asset management group Seviora, has raised about US$900 million in the second close of its Private Credit Fund III (PCF III), the investment manager said on Wednesday (Dec 10). This close comes four months after…
Read MoreTrump’s Nvidia deal reshapes US’s China strategy, risks supercharging Xi’s AI push
The Asian nation has challenged America’s chip curbs this year with its own export controls on rare earths US PRESIDENT Donald Trump’s decision to allow Nvidia to sell advanced chips to China marks more than just a shift in US tech policy. It also raises questions about how far he’ll go to steady ties with…
Read MoreNavy invests $448 million in Palantir tech to speed up shipbuilding with AI
WASHINGTON — The Navy is making a massive bet on cutting-edge technology to modernize its fleet, pumping $448 million into AI and autonomous systems to supercharge shipbuilding efforts. “Ship OS” uses AI-giant Palantir’s software to help streamline production, reduce costs and enhance the Navy’s ability to build ships faster and more efficiently as the service…
Read MoreWorld’s largest airline caterer Gategroup, co-owned by Temasek, said to be prepping for IPO
THE world’s biggest in-flight caterer Gategroup Holding AG is preparing for an initial public offering as soon as the second half of next year, people familiar with the matter said. The company has held talks with potential advisers as it considers a listing, the people said, asking not to be identified as the information isn’t…
Read MoreA guide to the Nvidia chips at the centre of US-China AI rivalry
[SAN FRANCISCO] As China races to catch up with the US in artificial intelligence (AI) technology, the state of relations between the countries can be gauged by looking at which of the chips made by Silicon Valley’s Nvidia can be shipped to Chinese customers. Generally regarded as the global leader in AI hardware, the company…
Read MoreNew Zealand central bank says policy path not preset, guided by inflation outlook
[WELLINGTON] New Zealand’s top central banker said on Wednesday that there was no preset course for monetary policy and that adjustments would be made if the outlook for inflation changed. Reserve Bank of New Zealand Governor Anna Breman, who stepped into the role last week, told reporters that the monetary policy committee was keeping a…
Read MoreAI memory chipmaker SK Hynix weighs New York stock listing
[TORONTO] SK Hynix is exploring the possibility of listing shares in New York, a move seen potentially helping close the valuation gap between the South Korean chipmaker and US peers, including Micron Technology. The company is “reviewing various measures to enhance corporate value, including a potential listing on the US stock market using treasury shares,…
Read MoreAriana Grande attacker gets kicked out of Lady Gaga concert in Australia
The Mayhem Ball was one little monster short on Tuesday. Ariana Grande attacker Johnson Wen was kicked out of Lady Gaga’s concert in Australia hours before the singer was set to take the stage. Videos shared online showed the influencer being escorted out of Suncorp Stadium in Brisbane by employees. In the clip, many other…
Read MoreFed chair front-runner Hassett says ‘plenty of room’ to cut rates
[WASHINGTON] White House economic adviser Kevin Hassett, the front-runner to be the Federal Reserve’s next chair, told the WSJ CEO Council on Tuesday there is “plenty of room” to cut interest rates further, though he added that if inflation rises the calculation may change. Meanwhile, President Donald Trump said he continues to search for a…
Read MoreTrump says he has ‘good idea’ of who he wants for Fed chair
PRESIDENT Donald Trump said he will be looking at a couple of candidates to chair the Federal Reserve, after the Financial Times reported that he would begin interviews with contenders this week. “We’re going to be looking at a couple different people, but I have a pretty good idea of who I want,” Trump told…
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