Posts by Liam Redmond
Intel joins Musk’s Terafab AI chip project to power humanoid, data center goals
The partnership is set to boost investor confidence as the chipmaker’s turnaround efforts gather steam Published Tue, Apr 7, 2026 · 10:50 PM [SANTA CLARA, California] Intel said on Tuesday (Apr 7) it will join Elon Musk’s Terafab AI chip complex project with SpaceX and Tesla to make processors powering the tech billionaire’s robotics and…
Read MoreWall St opens lower ahead of Trump’s Iran deadline
Published Tue, Apr 7, 2026 · 09:46 PM [NEW YORK] Wall Street’s main indexes opened lower open on Tuesday (Apr 7) as investors assessed comments from the US and Iran for any clues on where the conflict was headed, before President Donald Trump’s deadline for Iran to reopen the Strait of Hormuz. The Dow Jones…
Read MoreGilead to buy cancer biotech Tubulis in US$5 billion deal
Published Tue, Apr 7, 2026 · 08:39 PM [CALIFORNIA] Gilead Sciences agreed to buy private German biotech Tubulis GmbH in a deal worth up to US$5 billion as it looks to boost its portfolio in a hot new area of cancer drug development, according to people familiar with the matter. An announcement could come as…
Read MoreSingapore stocks falter amid US-Iran standoff; STI down 0.3%
Across the broader market, gainers beat decliners 218 to 206, with 1.1 billion securities changing hands [SINGAPORE] Stocks on the local bourse ended lower on Tuesday (Apr 7) as key Asian markets delivered mixed results, after US President Donald Trump announced a deadline to target Iranian power plants. The benchmark Straits Times Index (STI) fell…
Read MoreSingapore stocks falter amid US-Iran stand-off; STI down 0.3%
Across the broader market, gainers beat decliners 218 to 206, with 1.1 billion securities changing hands [SINGAPORE] Stocks on the local bourse ended lower on Tuesday (Apr 7) as key Asian markets delivered mixed results, after US President Donald Trump announced a deadline to target Iranian power plants. The benchmark Straits Times Index (STI) fell…
Read MoreSGX seeks greater sector diversity in IPOs; aims to attract more AI firms
Diversity in investors and EQDP fund managers are also critical, say MAS and JP Morgan Asset Management [SINGAPORE] The Singapore Exchange (SGX) is seeing an uptick in initial public offerings (IPOs), but its head of equities, Ng Yao Loong, has flagged a lack of sectoral diversity among new listings. He was speaking at an investment…
Read MoreIMDA reviewing resilience regulations in wake of Singtel disruptions
No evidence of cyberattacks but the authority does not rule out that three outage incidents at the telco were related in some way [SINGAPORE] The Infocomm Media Development Authority (IMDA) is currently reviewing the telcos service resilience regulations following the various network failures by Singtel in March, said the Minister for Digital Development and Information…
Read MoreBillionaire Bill Ackman pitches 56 billion-euro Universal Music deal to boost shares
UMG shareholders who agree to the deal will get 9.4 billion euros in cash, plus 0.77 shares of the new company Published Tue, Apr 7, 2026 · 05:51 PM [AMSTERDAM] Billionaire activist Bill Ackman has proposed a complicated deal for Universal Music Group (UMG), the world’s largest music company, which houses the likes of Taylor…
Read MoreFormer Cathay cinema operator gets 4-month extension for debt moratorium
A previous plan to raise S$14 million via a placement of 1.9 billion shares had fallen through [SINGAPORE] The Singapore High Court has extended moratorium orders that protect former Cathay Cineplexes operator mm2 Asia and its unit, mm2 Entertainment, from creditors and legal proceedings. They were meant to expire on Apr 10, but have been…
Read MoreSingtel, CPF Board to transfer legacy discounted shares to CDP, easing way for 615,000 investors to unlock cash
As a rough gauge, an investor will make a return of about six times on the original investment [SINGAPORE] Singtel and the Central Provident Fund (CPF) Board have initiated an exercise to transfer all Special Discounted Shares (SDS) currently held in trust by the CPF Board directly into investors’ individual Central Depository (CDP) accounts. The…
Read MoreInflation scars risk quickly lifting expectations; ECB must be ready to act: policymaker
Surging energy costs prompted by the Iran war have already pushed inflation well above the ECB’s 2% target Published Tue, Apr 7, 2026 · 01:41 PM [SOFIA] Euro zone inflation expectations are at risk of rising more quickly than in the past and the European Central Bank (ECB) must be ready to raise interest rates…
Read MoreOnce Sweden’s top company, H&M’s struggling to sell its rebound story
As international investors have thinned out, the company has become more tightly held, with limited external pressure to force faster change [STOCKHOLM] From a conference room atop Hennes & Mauritz’s (H&M) headquarters in the heart of Stockholm – with its brown-toned wood and clean lines giving the space a distinctly Scandinavian feel – chief executive…
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