Posts by Liam Redmond
Del Monte Pacific back in the black, but remains in net capital deficit of US$589 million
It posts US$10 million Q4 profit but collapse of US unit leaves current liabilities exceeding current assets by US$787 million [SINGAPORE] Canned-food brand Del Monte Pacific on Thursday (Jun 25) reported a Q4 net profit of US$10.1 million, a sharp reversal from the US$704.1 million loss for the previous corresponding period. The big improvement was…
Read MoreDBS, OCBC, UOB, Nets to expand ATM, cash access network after years of rationalisation
[SINGAPORE] DBS, OCBC, UOB and Nets will add more ATMs, branches and cash points across Singapore such that they will be within 500 metres of every Housing & Development Board block by 2027, in a reversal after years of shrinking physical banking infrastructure. By the first quarter of 2027, the banks will also provide clearer…
Read MoreWhy tech stocks are getting hammered
Tech stocks took another big hit Tuesday as investors sold off shares of companies that have powered the artificial intelligence boom. Technology companies have been spending billions of dollars investing in data centers and infrastructure needed to support the race to advance AI. But sky-high valuations and geopolitical tensions have some investors questioning whether massive…
Read More‘The ability to say no’: Artists demand consent over AI use of their music
A coalition of advocacy groups for artists, songwriters and managers is warning musicians about the growing risks of artificial intelligence music. Recently, many major record labels have inked deals with AI music startups such as Suno, Udio and Klay. But the coalition, which includes organizations such as the Music Artists Coalition and the Songwriters of…
Read More‘I got crushed’: AI giants are funding ad wars in races across the country
WASHINGTON — In congressional races across the country, a new crop of super PACs is taking to the air with millions of dollars’ worth of advertisements to sway voters. “President Trump said it best, ‘Celeste Maloy will never let you down,’” says one advertisement supporting the Utah Republican representative in her upcoming primary election. “Standing up to…
Read MoreSingapore cements position as Asia-Pacific wealth hub as region’s AUM set to hit US$34.5 trillion by 2030: PwC
The city-state aims to capture opportunities in cross-border wealth, tokenisation and sovereign capital [SINGAPORE] The Republic is strengthening its place as Asia-Pacific’s leading wealth hub as assets under management (AUM) in the region are set to reach US$34.5 trillion by 2030. In its Asset and Wealth Management Revolution: Asia Pacific 2026 report, PwC said the…
Read MoreAs Hollywood leans into AI, the real battle is over likeness and who gets paid
When Brian Grazer has an idea for a movie, he now starts with a chatbot. The co-founder of Imagine Entertainment — the company behind “A Beautiful Mind,” “Apollo 13” and “Liar Liar” — said he sits down with Anthropic’s AI assistant, Claude, to rough out a story before handing it to a writer. “You can…
Read MoreKPMG Australia spars with lawmakers amid probe into scandal
Persistent consulting scandals prompt questions over lack of tighter government laws Published Fri, Jun 19, 2026 · 10:59 AM [CANBERRA] KPMG Australia executives clashed with lawmakers on Friday as a parliamentary hearing examined the latest scandal to grip the industry. More than 30 people, including current and former senior KPMG personnel as well as its…
Read MoreBillionaire tax proposal faces hurdles as it moves closer to November ballot
A contentious proposal to tax California billionaires to alleviate federal healthcare cuts moved closer to landing on the November ballot this week, but efforts to defeat the measure before it reaches voters have already escalated. The California secretary of state’s office said Wednesday that the proposal had enough valid signatures to be eligible for the…
Read MoreJapan intervention risk mounts as yen drops to lowest since 2024
The currency has been under pressure from the wide interest-rate gap between the US and Japan Published Thu, Jun 18, 2026 · 11:29 AM [TOKYO] Yen watchers are on alert for the risk of intervention by authorities to prop up the currency after it hit its weakest level against the US dollar since July 2024.…
Read MoreStocks to watch: Centurion, Far East Group
[SINGAPORE] The following companies saw developments that may affect the trading of their securities on Thursday (Jun 18): Centurion : The group on Wednesday said it has acquired 25 per cent equity interest in a purpose-built student accommodation (PBSA) development in Perth for A$250,000 (S$225,475). This is the company’s second investment in the city, after…
Read MoreOnitsuka Tiger pivots from Asics stripes to tap luxury market
Published Thu, Jun 18, 2026 · 08:07 AM [TOKYO] Onitsuka Tiger is looking at life beyond its famous stripes as the footwear brand prepares to transform into a luxury lifestyle label distinct from Asics. The 77-year-old sneaker maker is set to be spun off from parent Asics on Jan 1 to capitalise on a resurgence…
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