Posts by Nathan Pine
Alice Lowe & Western Edge Pictures Line Up ‘A Midsummer Night’s Dream’ Horror Film & Girl Guide Dark Comedy ‘Sprite’
EXCLUSIVE: Brit multi-hyphenate and comedian Alice Lowe has inked a two-picture deal with UK production company Western Edge Pictures (WEP) after they previously collaborated on Lowe’s feature directorial debut Prevenge and 2024 comedy Timestalker. Lowe, who also co-starred in and co-wrote cult comedy Sightseers, is now lining up a horror version of Shakespeare classic A…
Read MoreMusk hijacks Tesla earnings call to pitch US$1 trillion pay plan
[AUSTIN, Texas] Elon Musk, the world’s richest person, spent the end of Tesla’s earnings call pleading with investors to ratify his upcoming US$1 trillion pay package and blasting the shareholder advisory firms that have come out against the plan. “I just think that there needs to be enough voting control to give a strong influence,”…
Read MoreSingapore aims to be ‘trusted enabler’ of quantum innovation: Josephine Teo
The minister notes that the Republic is moving from theory to application when it comes to quantum computing [SINGAPORE] Singapore aims to be a “trusted enabler of innovation” and a “bridge between research and application” for quantum technology, said Minister for Digital Development and Information Josephine Teo on Thursday (Oct 23). She was delivering the…
Read MoreNexperia’s China unit resumes chip sales to domestic distributors, requires renminbi-only payments: sources
The chipmaker is seeking chip packaging partners outside China as the dispute drags on [BEIJING/TAIPEI] Dutch chipmaker Nexperia’s Chinese unit has resumed supplying semiconductors to local distributors, according to two people briefed on the matter, having previously halted all shipments when Beijing banned exports following an ownership dispute. But as part of the resumption, which…
Read MoreNokia profit surges past estimates on network growth
[HELSINKI] Nokia’s adjusted profit for the third quarter beat estimates, thanks to growth in its network infrastructure and optical networks businesses. The Finnish company reported 435 million euros (S$655.2 million) in adjusted operating profit for the quarter, the company said on Thursday (Oct 23). That compares to an average analyst estimate of 324 million euros…
Read MoreSingapore 6-month T-bill cut-off yield slides to 1.41%
This is a drop from the 1.44% offered in the last 6-month auction that closed on Oct 9 [SINGAPORE] The latest cut-off yield on Singapore’s six-month Treasury bill (T-bill) slipped to 1.41 per cent, according to auction results released by the Monetary Authority of Singapore on Thursday (Oct 23). This marked a decrease from the…
Read MoreFormer Citi banker Wang Qiming gets longest sentence in S$3 billion money laundering scandal
[SINGAPORE] A former wealth banker at Citigroup got the longest sentence in Singapore’s biggest money laundering case for his role in aiding the movement of illicit funds and obstructing justice. Wang Qiming, a former relationship manager at Citibank Singapore, was sentenced to 24 months in prison after he pleaded guilty to four out of 10…
Read MoreFormer Citi banker gets longest sentence in S$3 billion money laundering scandal
[SINGAPORE] A former wealth banker at Citigroup got the longest sentence in Singapore’s biggest money laundering case for his role in aiding the movement of illicit funds and obstructing justice. Wang Qiming, a former relationship manager at Citibank Singapore, was sentenced to 24 months in prison after he pleaded guilty to four out of 10…
Read MoreNomura CEO seeks to tap more private market bets from Japanese
[TOKYO] Nomura Holdings’ chief executive officer sees more scope to get business from Japanese investors who are looking to private markets as a way to diversify their assets. “Compared with the share of private assets in portfolios overseas, Japan’s exposure is still quite low,” CEO Kentaro Okuda said in an interview broadcast on TV Tokyo…
Read MoreUK AI Company Wonder Studios Raises $12M From Investors Including Atomico & Adobe
Wonder Studios, a British company weaving AI into storytelling, has completed a $12M raise. Founded by Xavier Collins and Justin Hackney in April, Wonder’s news investors include Atomico; Adobe Ventures; Erik Huggers, a key architect behind BBC iPlayer; and Upside Ventures, established by YouTube stars the Sidemen. It builds on Wonder’s pre-seed raise, which was…
Read MoreAsia: Crude spikes as Trump threatens Russian giants, stocks turn lower
Crude prices spiked more than two per cent on Thursday after Donald Trump said he would hit two Russian oil companies with hefty sanctions, while talk that the White House was planning curbs on software exports to China added to gloom on markets. Both main oil contracts jumped almost three per cent – having climbed…
Read MoreChina and US ‘just flexing muscles’ over critical metals, BHP chair says
[MELBOURNE] The US and China are battling to project power as they compete to secure critical minerals supply, the new chair of BHP said on Thursday, downplaying any potential for the global miner to be caught between its top customer and the world’s biggest economy. “You’ve got two very, very powerful nations just flexing their…
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