Posts by Liam Redmond
Lockheed to buy Ultra Maritime for US$3.45 billion in sea push
Published Mon, Jul 6, 2026 · 10:27 PM [NEW YORK] Lockheed Martin agreed to buy naval defence business Ultra Maritime, which focuses on submarine detection systems, for US$3.45 billion as the US defence giant broadens its undersea weapons portfolio. The business is being sold by private equity firm Advent’s Cobham Ultra subsidiary, according to a…
Read MoreMicrosoft’s Xbox to cut 3,200 jobs, divest five studios in major overhaul
Published Mon, Jul 6, 2026 · 10:12 PM [NEW YORK] Microsoft Corp’s Xbox plans to eliminate 3,200 jobs, or around 20 per cent of its staff over the next year, as part of a massive reorganisation to spur growth in the struggling gaming division. Xbox will also divest four of its video-game development studios and is beginning the…
Read MoreWall St opens higher as chip shares recover
Published Mon, Jul 6, 2026 · 09:56 PM [NEW YORK] Wall Street’s main indexes opened higher on Monday (Jul 6), extending last week’s rally as chip stocks rebounded, while investors looked ahead to central bank minutes and the start of the second-quarter earnings season later in the week. The Dow Jones Industrial Average fell 71.6…
Read MoreBlackstone, CVC and MUFG among bidders for stake in Vietnam’s fintech firm MoMo: sources
The investor interest comes as Vietnam’s digital financial services market expands Published Mon, Jul 6, 2026 · 08:55 PM [HANOI/SINGAPORE] Blackstone, CVC Capital Partners and Japan’s MUFG are among bidders for a stake in Vietnamese fintech firm MoMo as it presses ahead with a partial sale, two people with direct knowledge of the matter said.…
Read MoreBroadcom, Apple extend chip partnership through 2031
The extended partnership reinforces Apple’s strategy of locking in long-term supply agreements with key chipmakers Published Mon, Jul 6, 2026 · 08:27 PM [BENGALURU] Broadcom said on Monday (Jul 6) it has agreed to expand its partnership with Apple through 2031 to develop and supply a range of custom chips, sending the shares of the…
Read MoreNvidia supplier Unimicron seeks US$1.4 billion share sale amid AI boom
An AI frenzy that has lifted the Taiwanese chip supplier’s stock more than 700% over the past 12 months Published Mon, Jul 6, 2026 · 06:57 PM [TAIPEI] Unimicron Technology is seeking as much as US$1.4 billion from a sale of global depositary shares, according to terms of the deal seen by Bloomberg News, capitalising…
Read MoreThales strikes deal for controlling stake in sea drone maker Exail
Thales and Exail see anti-submarine warfare addressable market increasing almost tenfold to over 700 billion euros in 2030 Published Mon, Jul 6, 2026 · 06:28 PM [BRUSSELS] Europe’s largest defence technology group Thales said on Monday (Jul 6) it had struck a deal to take a controlling stake in drone technology company Exail as it…
Read MorePhilippine economy can handle one more rate hike, central bank governor says
Economy slows dramatically late 2025 following a government probe into public works spending Published Mon, Jul 6, 2026 · 04:34 PM [MANILA] Philippine central bank governor Eli Remolona said the economy can handle another quarter-point increase in the benchmark interest rate, suggesting policymakers are ready to hike again next month. “It can, if by 25…
Read MoreMoody’s warns Asia-Pacific private credit expansion to slow
It notes that macroeconomic uncertainty, geopolitical tensions and elevated interest rates weigh on investor appetite for illiquid assets Published Mon, Jul 6, 2026 · 03:08 PM [SINGAPORE] Growth in private credit fundraising and deployment in the Asia-Pacific (Apac) region will slow over the next 12 to 18 months, according to Moody’s Ratings. This comes as…
Read MoreNSE said to start marketing US$3 billion India IPO next week
Published Mon, Jul 6, 2026 · 02:12 PM [MUMBAI] National Stock Exchange (NSE) of India, the operator of the world’s largest derivatives exchange by trading volume, is set to begin formal marketing as early as next week, according to sources familiar with the matter, moving ahead with what could be one of the largest-ever initial…
Read MoreByteDance, Alibaba pull AI companions as Beijing tightens rules
In the US, tech platforms have come under intense legal scrutiny for similar features Published Mon, Jul 6, 2026 · 12:23 PM BYTEDANCE and Alibaba are pulling the plug on features that let users build and chat with artificial intelligence companions, preparing for new Chinese regulations governing human interactions with AI. ByteDance’s Doubao, China’s most…
Read MoreUS beef exports to China to pick up as rivals exhaust quotas
Published Mon, Jul 6, 2026 · 11:58 AM CHINA’S decision to renew import licenses for hundreds of US meat plants is yet to revive the beef trade, but the odds of more shipments in the second half of the year are improving. US prices are too high and Chinese demand too soft for exports to…
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