Posts by Liam Redmond
Gold touches US$4,400 as traders turn focus to US inflation data
Bullion edges higher in early trading, after adding 3.6% over the previous two sessions Published Tue, Aug 11, 2026 · 09:01 AM GOLD advanced through US$4,400 an ounce ahead of a key US inflation report that could provide fresh clues to the US Federal Reserve’s appetite for an interest rate hike. Bullion edged higher in…
Read MoreConcord New Energy expects H1 profit to fall over 66% on drop in power generation
This comes due to ‘the dual impacts of grid absorption constraints and climate fluctuations’ [SINGAPORE] Concord New Energy expects to report a first-half net profit drop of about 66 to 69 per cent due to a drop in power generation, it said on Monday (Aug 10). Earnings are forecast to come in between 90 million…
Read MoreOil climbs 5% as Iran, US both demand compensation and Hormuz hopes fade
Published Tue, Aug 11, 2026 · 06:08 AM [HOUSTON] Oil prices settled 5 per cent higher on Monday (Aug 10) after Iran and the United States traded demands for compensation, dimming prospects for a deal to reopen the Strait of Hormuz. Iran also said the US must lift sanctions on Teheran, and meet a number of other…
Read MoreEuropean stocks pause near record high; Middle East, economic data in focus
Published Tue, Aug 11, 2026 · 06:00 AM EUROPE’S benchmark stock index held near a record high on Monday (Aug 10) as investors paused ahead of a week packed with economic data, while uncertainty surrounding the Middle East conflict kept oil prices elevated. The pan-European Stoxx 600 was little changed at 660.45 points. The energy sector…
Read MoreMicrosoft plans to unveil next-gen AI chip in September: report
Tech firm said to have talked with TSMC to secure production capacity for over 300,000 units for delivery in 2027 Published Mon, Aug 10, 2026 · 10:40 PM [SEATTLE] Microsoft is planning to unveil its new Maia 300 artificial intelligence chip this fall, potentially as soon as next month, The Information reported on Monday (Aug…
Read MoreIntel plans US$15 billion share sale as turnaround rally lifts stock
Tech giant is looking to fund the build-out of its chip contract manufacturing business Published Mon, Aug 10, 2026 · 09:00 PM [SANTA CLARA, California] Intel on Monday (Aug 10) said that it is planning to raise US$15 billion through a share sale, as it looks to fund the costly build-out of its chip contract…
Read MoreUS dollar steadies after payrolls drop, yen falls
Published Mon, Aug 10, 2026 · 08:27 PM [LONDON] The US dollar steadied at a near two-month low on Monday (Aug 10) following Friday’s soft jobs data, as investors awaited this week’s inflation data for more clues on the Federal Reserve’s rate path. Data on Friday showed that the US economy unexpectedly shed jobs in…
Read MoreMeta releases scaled-down AI model that consumers can use at home
New Muse Glimmer is ‘small enough’ to need only one graphics card to power its work Published Mon, Aug 10, 2026 · 06:58 PM [CALIFORNIA] Meta Platforms introduced a new artificial intelligence model that is light enough to run on a single computer, allowing users to download and customise the technology. The new Muse Glimmer…
Read MoreIf you don’t hear the siren, police are sure you’ll feel the Rumbler
Los Angeles police are rolling out a new siren, and you don’t just hear it. It rattles your bones. When the New York Police Department started using the Rumbler in 2009, one opponent called it an “acoustic assault” on citizens. But L.A. Police Cmdr. Blake Chow says the new low-frequency siren is the solution to…
Read MoreSingapore’s sovereign wealth funds are betting big on AI, but the central bank isn’t so sure
Having MAS that worries out loud and two reserve funds that hedge while they buy might be the most sensible set-up available [SINGAPORE] Within three weeks in July, three of Singapore’s most consequential financial institutions delivered very different verdicts on the future. Temasek and GIC, the twin sovereign wealth funds that manage the bulk of…
Read MoreTo avoid a ‘graveyard of pilots’, Seatrium gives AI projects 3 months to deliver
Short timeline prevents projects from remaining in experimental stage indefinitely [SINGAPORE] Seatrium gives selected artificial intelligence proof-of-concepts just three months to demonstrate measurable business value before they are either advanced towards deployment or discontinued. At the end of that period, pilots must be stopped or moved into a collaboration stage, where they are refined with…
Read MoreSony, TSMC to invest US$6.4 billion in Japanese sensor plant: source
The two firms are seeking to begin production in 2029; no time frame is given for the investment under discussion Published Mon, Aug 10, 2026 · 02:56 PM [TOKYO] Sony Group and Taiwan Semiconductor Manufacturing Co (TSMC) are in talks to spend a combined one trillion yen (US$6.4 billion) on their planned image sensor factory…
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