Posts by Liam Redmond
Anthropic calls for AI pause button to let humans take stock
It calls for a system in which governments and developers collectively decide when to slow work on the tech to stave off the risks it may pose Published Fri, Jun 5, 2026 · 05:38 PM — Updated Fri, Jun 5, 2026 · 08:31 PM [NEW YORK] Anthropic called for the creation of a system in…
Read MoreChina allows some banks to offer higher rates on US dollar deposits
The move signals a relaxation of a ceiling imposed in 2023, when the renminbi was under pressure Published Fri, Jun 5, 2026 · 05:30 PM [BEIJING] China is allowing some banks to offer higher interest rates on corporate US dollar deposits, sources said. It is a move that may damp the renminbi’s recent gains by…
Read MoreChinese brokers pump US$5.6 billion offshore to fight Wall Street
Brokers are prioritising overseas growth to escape intensifying competition in the domestic market Published Fri, Jun 5, 2026 · 04:41 PM [BEIJING] Chinese brokerages are doubling down on international expansion with at least US$5.6 billion in planned capital injections this year, pressing ahead with Beijing’s ambitions to build world-class investment banks capable of rivalling Wall…
Read MoreJollibee mulls moving US listing to booming Hong Kong: sources
The Philippines-based fast-food group aims to do the listing by the end of next year Published Fri, Jun 5, 2026 · 04:38 PM [HONG KONG] Jollibee Foods is considering switching a potential spinoff and listing of its international business from the US to Hong Kong, where share sales are flying, according to people familiar with…
Read MoreLenovo’s 3D scans were made for the Fifa World Cup, but true value may lie in video games
Its AI chatbot will launch with an empty playbook, but its scans could yield a multibillion-dollar IP pipeline [ZURICH] Lenovo’s new ChatGPT-style tactical chatbot may have been touted as the centrepiece of its technology pitch for this month’s Fifa World Cup, which kicks off in Mexico City on Thursday (Jun 11). However, a true commercial…
Read MoreAllianzGI in exclusive talks to buy UOB Asset Management: sources
The details are being finalised on a transaction that could be valued at up to S$600 million Published Fri, Jun 5, 2026 · 03:41 PM [SINGAPORE] Allianz Global Investors is in exclusive talks to buy the asset management division of UOB, according to people familiar with the matter. AllianzGI outbid rivals to emerge as the…
Read MoreUK’s biggest retailers cut 18,000 jobs amid rising taxes and wages
Massive layoffs show how the Labour government’s tax hikes are hitting the British’s top employers Published Fri, Jun 5, 2026 · 03:17 PM [LONDON] Britain’s largest retailers have shed almost 18,000 jobs in the past year, as the industry grapples with higher taxes and wages since Labour came to power. The job losses were led…
Read MoreBanks curb China trips, delay events after cross-border scrutiny
The moves also coincide with an intensifying drive by Chinese tax authorities to collect taxes on offshore income Published Fri, Jun 5, 2026 · 02:18 PM [HONG KONG] Private banks are postponing events in China and discouraging staff travel following an unprecedented regulatory crackdown on cross-border investment flows, as scrutiny intensifies from regulators in both…
Read MoreTalent fight heats up in India finance hub as DBS, Standard Chartered chiefs quit
Global banks are expanding their presence in Gift City, lured by tax incentives and a lighter regulatory framework Published Fri, Jun 5, 2026 · 01:27 PM [MUMBAI] India’s international finance hub is facing intensifying competition for talent, with the local heads of two foreign lenders resigning in quick succession for new opportunities in the low-tax…
Read MoreJapan warns of ‘decisive action’ to defend yen as FX reserves tumble
The 160 level is widely seen in markets as a line in the sand for potential official intervention Published Fri, Jun 5, 2026 · 12:32 PM [TOKYO] Japan is ready to respond at any time on foreign exchange and reserves the right to take “decisive action” against excessive volatility, Finance Minister Satsuki Katayama said on…
Read MoreAnext Bank’s new CEO leverages CTO stint to grow SME lending by financing AI hardware
[SINGAPORE] It has been about one and a half years since Qiu Kai took over as chief executive of digital wholesale lender Anext Bank, stepping up from his previous role as chief technology officer (CTO). The route from CTO to CEO is uncommon, he acknowledged, but one that has proven valuable at a technology-driven, digital…
Read MoreChina speeds past Japan in Australian car imports on EV bonanza
Electric vehicles and hybrids account for almost half of the cars sold in Australia in May Published Fri, Jun 5, 2026 · 10:47 AM [SYDNEY] China has surged past Japan to become the biggest car supplier to Australia, with imports from companies such as BYD accelerating to a record high, powered by demand for electric…
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