Posts by Liam Redmond
Trump seeks vows from tech executives to cover data centre costs
Published Tue, Feb 24, 2026 · 01:53 PM [WASHINGTON] White House officials are asking technology companies to pledge that their data centres won’t increase electricity prices and cause other burdens for consumers, according to two sources familiar with the initiative. The effort includes pressing technology executives to sign non-binding compacts vowing that their companies would…
Read MoreMeta executive warned Facebook Messenger encryption plan was ‘so irresponsible’, shows court filing
The company is facing a wave of litigation and regulatory threats globally linked to the welfare of young users Published Tue, Feb 24, 2026 · 01:28 PM [NEW YORK] Meta executives proceeded with a plan to encrypt the messaging services connected to its Facebook and Instagram apps despite internal warnings that it would hinder the…
Read MoreStanChart profit climbs but misses estimates, US$1.5 billion buyback launched
Published Tue, Feb 24, 2026 · 01:15 PM [HONG KONG] Standard Chartered (StanChart) reported on Tuesday (Feb 24) that full-year pretax profit rose 16 per cent on robust performances from its global banking and wealth businesses, although the result fell somewhat short of analysts’ estimates. The emerging markets-focused lender announced a US$1.5 billion share buyback…
Read MoreCapitaLand India Trust launches S$150 million private placement to fund two office building projects
The issue price will be between S$1.208 and S$1.237 per new unit – a discount of 2.6 to 4.9% [SINGAPORE] CapitaLand India Trust (Clint) is set to issue new units to raise gross proceeds of at least S$150 million, its manager said on Tuesday (Feb 24). The new units, expected to be listed on Mar…
Read MoreJamie Dimon sees parallel to pre-crisis era as rivals do ‘dumb things’
The CEO has been warning for months about the potential deterioration in credit quality Published Tue, Feb 24, 2026 · 11:01 AM [NEW YORK] JPMorgan Chase chief executive officer Jamie Dimon, asked about fierce competition across the financial industry, said that he’s starting to see parallels to the era before the 2008 financial crisis, when…
Read MorePanama to occupy canal ports after court scraps CK Hutchison deal
Published Tue, Feb 24, 2026 · 10:01 AM PANAMANIAN President Jose Raul Mulino ordered the temporary occupation of two ports run by a unit of CK Hutchison Holdings following a top court’s ruling against the firm’s concession, escalating a dispute that has become a proxy battle between the US and China in Latin America. Mulino…
Read MoreUOB down 4.6% amid lower Q4 profit
The bank’s Q4 net profit falls 7% to S$1.41 billion amid margin pressures from lower benchmark rates [SINGAPORE] Shares of UOB fell on Tuesday (Feb 24) morning after the lender posted a 7 per cent decline in fourth quarter profit. As at 9.13 am, the counter fell as much as 4.6 per cent or S$1.8…
Read MoreNam Cheong secures US$64.5 million shipbuilding contract, its first in over a decade
[SINGAPORE] Nam Cheong has secured a US$64.5 million contract for four offshore support vessels (OSVs), marking its first newbuild win in over 10 years, the offshore marine group said on Tuesday (Feb 24). The order was placed by an “established United Arab Emirates-based energy maritime logistics company”, as newbuild demand gradually gains momentum, the group…
Read MoreUOB Q4 profit down 7% to S$1.41 billion; to give junior staff one-off supplementary payout
[SINGAPORE] UOB’s net profit for the fourth quarter fell 7 per cent on the back of margin pressures from lower benchmark rates, the lender said on Tuesday (Feb 24). Net profit for the three months ended Dec 31, 2025 came in at S$1.41 billion, compared with S$1.52 billion a year earlier. This was below the…
Read MoreStorm paralyses travel, forcing more than 8,000 US flight disruptions
A powerful blizzard has dropped over 76.2 cm of snow across parts of the US North-east Published Tue, Feb 24, 2026 · 06:31 AM US AIRLINES were still digging out from a powerful North-east winter storm that forced more than 8,000 flight cancellations and delays on Monday, with thousands more already scrubbed for Tuesday. FlightAware,…
Read MoreWalmart will pay out 121% of annual bonuses to US corporate staff
E-commerce is fuelling the retailer’s expansion and is set to be its main growth driver going forward Published Mon, Feb 23, 2026 · 11:57 PM [BENTONVILLE, Arkansas] Walmart’s bonuses for US corporate staff will once again surpass their target, a reflection of the retailer’s strong performance and share gains. It will pay US corporate employees…
Read MoreWall Street opens lower as tariff uncertainty hurts risk appetite
Published Mon, Feb 23, 2026 · 10:47 PM [NEW YORK] Wall Street’s main indexes opened lower on Monday (Feb 23) as renewed tariff uncertainty unnerved investors after US President Donald Trump announced a new 15 per cent duty following a Supreme Court ruling that struck down his broader levies. The Dow Jones Industrial Average fell…
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