Posts by Liam Redmond
OpenAI CEO Sam Altman apologizes for not alerting police about Canada shooting suspect
OpenAI Chief Executive Sam Altman apologized to a Canadian community for failing to alert police about a mass shooter’s conversations with its chatbot. Authorities said Jesse Van Rootselaar, 18, killed eight people including schoolchildren in Tumbler Ridge, British Columbia, before taking her own life in February. “I am deeply sorry that we did not alert…
Read MoreCapitaLand Ascendas Reit’s portfolio occupancy dips to 90.5% in Q1; rental reversion slows
Occupancy in Australia falls 1.4 percentage points quarter or quarter; in Singapore, it slips by 0.6 percentage points [SINGAPORE] CapitaLand Ascendas Reit’s (Clar) portfolio occupancy fell to 90.5 per cent from 90.9 per cent in the preceding quarter, said its manager in a business update on Monday (Apr 27). Changes in occupancy were mixed across…
Read MoreMusk and Altman head to trial in feud over future of OpenAI
Tesla CEO seeks US$134 billion from OpenAI and Microsoft, which he pledges to give to OpenAI’s charitable arm [AUSTIN, TEXAS] Elon Musk and Sam Altman will face off this week in a trial that could determine the future of OpenAI. The high-profile showdown between the artificial intelligence titans is the culmination of years of animosity…
Read MoreWall St opens lower as investors weigh US-Iran conflict before earnings rush
Published Mon, Apr 27, 2026 · 09:44 PM [NEW YORK] Wall Street’s main indexes opened slightly lower on Monday (Apr 27) as peace talks between the US and Iran stalled, while investors awaited a flood of earnings as well as commentary from the Federal Reserve meeting this week. The Dow Jones Industrial Average fell 118.5…
Read MoreShell to buy Canada’s ARC in output-boosting US$16.4 billion deal
Published Mon, Apr 27, 2026 · 09:35 PM [LONDON] Shell has agreed to buy Canadian energy company ARC Resources in a deal valued at US$16.4 billion, including debt, which the British oil and gas major said on Monday would boost its output by 370,000 barrels of oil equivalent per day (boed). Analysts and the company…
Read MoreYangzijiang Maritime adds 10 new vessels, pushing order book to 53
The newbuilds will be funded through a combination of equity co-investment and debt financing [SINGAPORE] Maritime financial-solutions provider Yangzijiang Maritime on Monday (Apr 27) announced that it placed newbuilding orders with Chinese shipyards for 10 vessels. Following the delivery of these vessels between 2027 and 2029, the group’s total fleet will grow to 105 vessels,…
Read MoreGSH Corp CEO Gilbert Ee to retire amid broader leadership renewal
[SINGAPORE] GSH Corporation announced a series of leadership changes on Monday (Apr 27) as part of its ongoing strategic renewal efforts. Gilbert Ee, 61, will retire from his positions as CEO and executive director, effective from Oct 26. GSH noted in a bourse filing that Ee has decided to step down “to allow for a…
Read MoreCiti to boost Japan, China investment banking teams, plans senior sector-focused hires
Published Mon, Apr 27, 2026 · 08:08 PM [HONG KONG] Citigroup will bolster its Japan and China investment banking teams by adding selective senior bankers, the bank’s Asia investment banking head told Reuters on Monday (Apr 27). This comes as the firm aims to win more cross-border mergers and acquisitions (M&A) deals. Despite the ongoing…
Read MoreCATL seeks US$5 billion in Hong Kong’s largest share sale of 2026
Published Mon, Apr 27, 2026 · 07:56 PM CONTEMPORARY Amperex Technology Co Ltd (CATL) is seeking to raise about US$5 billion from a Hong Kong share placement, terms of the deal seen by Bloomberg News showed. This will be the city’s largest offering yet this year. The Chinese battery maker is offering shares at HK$628.20…
Read MoreST Engineering bags S$4.8 billion in Q1 contracts on Middle East defence, aerospace demand
[SINGAPORE] ST Engineering has secured S$4.8 billion in new contracts in the first quarter of 2026, buoyed by a surge in global defence spending and resilient aerospace demand. The technology and defence conglomerate said on Monday (Apr 27) that half the new orders, or S$2.4 billion, came from its defence and public-security segment. The commercial…
Read MoreCompetition watchdog flags concerns over SUTL’s proposed S$40 million Marina at Keppel Bay buy
The transaction may enhance the combined operator’s ability to raise prices, says CCS [SINGAPORE] The Competition and Consumer Commission of Singapore (CCS) has flagged three concerns over SUTL Enteprise’s proposed S$40 million purchase of Marina at Keppel Bay from Keppel Bay, the private limited company that is the current owner. The first phase of the…
Read MoreSouth Korean shares hit record as chipmakers rally ahead of earnings
Published Mon, Apr 27, 2026 · 05:14 PM [SEOUL] South Korean shares jumped more than 2 per cent to a record close on Monday (Apr 27), as chipmakers rallied ahead of major earnings due to be released later this week. The benchmark Kospi closed up 139.40 points, or 2.15 per cent, at 6,615.03. Chipmaker Samsung…
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