Posts by Liam Redmond
Trump says further action to reduce pressure on oil is imminent
Published Fri, Mar 6, 2026 · 06:22 AM [WASHINGTON] President Donald Trump on Thursday said further action to reduce pressure on oil was imminent, adding that Iran was reaching out to make a deal amid US and Israeli strikes. Trump, speaking at an event with the Inter Miami soccer team at the White House, said…
Read MoreUS mulls new rules for AI chip exports, including requiring investments by foreign firms in the US
Published Fri, Mar 6, 2026 · 06:12 AM — Updated Fri, Mar 6, 2026 · 06:14 AM [SAN FRANCISCO] US officials are debating a new regulatory framework for exporting artificial intelligence chips and are considering requiring foreign nations to invest in US AI data centres or security guarantees as a condition for granting exports of…
Read MoreOil settles up around 5% on supply concerns as Iran conflict widens
Published Fri, Mar 6, 2026 · 06:01 AM [HOUSTON] Oil prices settled up around 5 per cent on Thursday, extending a rally as the escalating US-Israeli war with Iran disrupted supplies and shipping, driving some major producers in the Middle East to reduce output. Brent crude settled up US$4.01, or 4.93 per cent, at US$85.41 per barrel,…
Read MoreEuropean stocks reverse early gains as Middle East conflict drags on
Published Fri, Mar 6, 2026 · 05:52 AM EUROPEAN shares fell on Thursday after a sharp rebound in the previous session, as the Middle East conflict showed no signs of easing and more tankers came under attack, threatening higher oil prices and a knock-on effect on the global economy. The pan-European Stoxx 600 closed 1.3 per…
Read MoreUS stocks: Wall Street close down as Middle East fears push US oil up 8%
Published Fri, Mar 6, 2026 · 05:48 AM US STOCKS closed down on Thursday as the Middle East conflict entered its sixth day, pushing oil prices higher and spurring worries about inflation and whether the Federal Reserve will cut interest rates. Expansion of the conflict to more countries fed fears of disruption in the Strait of…
Read MoreNetworking without networking: Why effective directors rely less on cocktails and more on credibility
The networks of effective directors are grounded in credibility rather than convenience INDEPENDENT directors are expected to exercise autonomy in decision-making, oversight and thinking. Independence is rightly a cornerstone of good governance. An effective director should exercise critical evaluation independently and make decisions based on valid, factual information, rather than be swayed by groupthink (social…
Read MoreNetflix buys Ben Affleck’s AI film tech company, InterPositive
In 2022, Ben Affleck became so fixated on AI in film production that he quietly launched his own film tech company, InterPositive. Netflix brought the startup into the spotlight Thursday morning as it announced the full acquisition of the company. InterPositive’s mission, which focuses on developing “AI-powered tools built by and for filmmakers” and using…
Read MoreMapletree Investments sells US logistics portfolio to EQT for US$575 million
[SINGAPORE] Mapletree Investments announced on Thursday (Mar 5) the sale of a 4.4 million-square-foot portfolio of 25 warehouses in the United States to EQT Real Estate for US$575 million. The Singapore headquartered property development, investment and management group said in a statement that the divested properties are in the east coast, in states such as…
Read MoreBerkshire’s CEO Greg Abel vows to use all his pay to buy firm’s stock
Published Thu, Mar 5, 2026 · 11:15 PM [NEW YORK] Berkshire Hathaway chief executive officer Greg Abel said he will use all of his take-home pay to acquire the conglomerate’s stock for as long as he’s in the role. To that end, Abel bought up about US$15.3 million of the shares this week, according to…
Read MoreBYD unveils faster-charging Blade Battery to revive China sales
Published Thu, Mar 5, 2026 · 10:52 PM [BEIJING/SHANGHAI] BYD unveiled its first major battery upgrade in six years on Thursday (Mar 5), as the Chinese electric vehicle maker seeks to regain momentum in a highly competitive domestic market after a steep sales slump. The second-generation Blade Battery can charge rapidly from 20 per cent…
Read MoreWall Street edges lower as investors weigh Middle East war risks
The tech-led recovery in the prior session helps the Nasdaq recover all weekly losses Published Thu, Mar 5, 2026 · 10:48 PM — Updated Thu, Mar 5, 2026 · 11:29 PM [NEW YORK] Wall Street’s main indexes edged lower on Thursday (Mar 5) as the Middle East conflict entered its sixth day, raising concerns of…
Read MoreHongkong Land’s underlying profit down 8% at US$458 million for FY2025
Earnings per share stood at US$0.5785 from a loss per share of US$0.6276 in the year before [SINGAPORE] Property developer Hongkong Land on Thursday (Mar 5) posted an underlying profit of US$458 million for the financial year ended Dec 31, down 8 per cent from US$499 million in the previous financial year. Revenue declined to…
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