Posts by Liam Redmond
JPMorgan, UBS dropped hedge fund embroiled in Hong Kong probe
Published Fri, Mar 13, 2026 · 09:32 AM [HONG KONG] JPMorgan Chase and UBS cut prime brokerage ties with the investment firm that was raided by authorities during a probe into alleged insider dealing in Hong Kong well before the investigation was made public, according to sources familiar with the matter. The two banks stopped…
Read MoreChina’s OpenClaw frenzy tests Xi’s approach to regulate AI
Tech giants and consumers have rushed to embrace the agentic AI phenomenon in the past few weeks and at its peak Published Fri, Mar 13, 2026 · 09:04 AM [SINGAPORE] The OpenClaw frenzy that spread throughout China is testing Beijing’s approach to artificial intelligence (AI), as it seeks to balance the push for cutting-edge innovation…
Read MoreNikkei drops 1.7% as Middle East tensions boost oil prices
Published Fri, Mar 13, 2026 · 09:02 AM [TOKYO] Japan’s Nikkei share average fell nearly 2 per cent on Friday as an escalating Middle East conflict drove crude oil prices higher, heightening inflation concerns and prompting investors to shun riskier assets. The Nikkei was down 1.7 per cent at 53,502.50, as of 0010 GMT, on…
Read MoreST Engineering to deploy intelligent transport systems
[SINGAPORE] ST Engineering’s urban solutions business will deploy a suite of intelligent transport systems (ITS) solutions for the Land Transport Authority (LTA), the company said in a Friday (Mar 13) bourse filing. The solutions comprise a new iTransport platform, traffic monitoring camera system (TMCS), and integrated traffic and plant management system (ITPMS). They will work…
Read MoreIntelligent transport systems for Singapore
[SINGAPORE] ST Engineering’s urban solutions business will deploy a suite of intelligent transport systems (ITS) solutions for the Land Transport Authority (LTA), the company said in a Friday (Mar 13) bourse filing. The solutions comprise a new iTransport platform, traffic monitoring camera system (TMCS), and integrated traffic and plant management system (ITPMS). They will work…
Read MoreChinese banks boost loans to tech sector as Beijing ramps up AI push
Published Fri, Mar 13, 2026 · 08:35 AM CHINESE lenders plan to steer more money toward technology and innovation-oriented firms, bankers say, responding to Beijing’s pledge to aggressively adopt artificial intelligence throughout the economy and dominate emerging sectors. The credit-allocation shift toward tech is well underway and is set to accelerate further under the government’s…
Read MoreAdobe CEO to step down in face of investor concerns over AI
Shantanu Narayen will remain in the position until a successor has been appointed Published Fri, Mar 13, 2026 · 08:33 AM [SAN FRANCISCO] Adobe chief executive officer Shantanu Narayen will resign from his position atop the creative software giant amid deep scepticism about the company’s ability to thrive in the artificial intelligence (AI) era. Narayen,…
Read MoreStocks to watch: ST Engineering, UI Boustead Reit, MoneyMax Financial Services
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Mar 13): ST Engineering : The company’s urban solutions business will be deploying a suite of intelligent transport systems solutions for Singapore’s Land Transport Authority. The move is to create a more responsive and future-ready road transport network in…
Read MoreHow the Iran war is disrupting the Strait of Hormuz
The strait is an essential passage for the oil market, handling about a quarter of the world’s seaborne oil trade [LONDON] Maritime traffic through the Strait of Hormuz has almost completely stopped in the days since the US and Israel launched strikes against Iran. Iran sits above this strategic waterway, which is a vital route…
Read MoreBuzzFeed flags going concern risk, shares down
Its stock has lost 98 per cent of its value since it went public via a blank-cheque merger in 2021 Published Fri, Mar 13, 2026 · 08:06 AM BUZZFEED on Thursday flagged going concern doubts and said it will not provide a forecast for 2026 as it evaluates strategic options, sending the digital media company’s…
Read MoreYen hits new low against Singapore dollar as Middle East crisis jolts oil prices
Published Fri, Mar 13, 2026 · 07:35 AM [SINGAPORE] The Japanese yen slid to a fresh low against the Singapore dollar amid turmoil in oil prices linked to the escalating Middle East crisis. The yen weakened to a low of 124.78 yen per Singdollar on Mar 11, before recovering slightly to about 124.60 on Mar…
Read MoreAmazon plans to shift annual Prime Day sale to June from July
Published Fri, Mar 13, 2026 · 07:07 AM [SEATTLE] Amazon.com is moving up its annual Prime Day sale to June from July, according to sources familiar with the matter, shifting the schedule for an event that’s become a big part of the e-commerce economy. The timing is expected to be late June, said the sources,…
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