Posts by Liam Redmond
OpenAI expects compute spend of around US$600 billion through 2030: source
Published Sat, Feb 21, 2026 · 12:53 PM [MEXICO CITY] OpenAI is targeting roughly US$600 billion in total compute spend through 2030, a source familiar with the matter told Reuters on Friday (Feb 20), as the ChatGPT maker lays groundwork for an initial public offering that could value it at up to US$1 trillion. OpenAI’s…
Read MoreWikipedia founder sees no threat from Musk’s Grokipedia
Published Sat, Feb 21, 2026 · 12:11 PM [DELHI] The founder of Wikipedia said he isn’t worried about the threat posed to the free online encyclopedia from artificial intelligence-generated content, including from Elon Musk’s Grokipedia, because of how error-prone the information tends to be. “Why do I go to Wikipedia? I go to Wikipedia because…
Read MoreChina’s Shenzhen cracks down on risky gold trading amid wave of defaults
Published Sat, Feb 21, 2026 · 11:17 AM [SHENZHEN] Financial regulators in Shenzhen moved to curb illegal gold trading activities, targeting speculative schemes that have contributed to a wave of defaults shaking the city’s jewellery hub. The Shenzhen Local Financial Regulatory Bureau, in collaboration with other government departments, issued an order Friday (Feb 20) for…
Read MoreTrump tariff reversal could cut costs for US energy firms but will likely leave broader flows unchanged
Published Sat, Feb 21, 2026 · 10:41 AM [HOUSTON] The US Supreme Court’s Friday (Feb 20) decision to strike down trade tariffs imposed by President Donald Trump last year may ease costs for some oil producers and drillers, but experts and analysts told Reuters that broader energy flows would likely remain unchanged for now. The…
Read MoreOil: Brent rises late, settles higher and with weekly gain on Iran-US jitters
Published Sat, Feb 21, 2026 · 08:42 AM [HOUSTON] Brent crude prices rose in late-day short-covering on Friday (Feb 20) as investors worried about US military action, as President Donald Trump presses the Islamic Republic to halt nuclear weapon development. Brent crude futures settled at US$71.76 a barrel, up 10 cents or 0.14 per cent.…
Read MoreEurope: Stoxx 600 hits record after US Supreme Court strikes down Trump tariffs
Published Sat, Feb 21, 2026 · 08:34 AM [BENGALURU] Europe’s Stoxx 600 closed at a record on Friday (Feb 20) after investors welcomed the US Supreme Court ruling that struck down President Donald Trump’s sweeping tariffs. The pan-European Stoxx 600 extended earlier gains to close 0.8 per cent higher at 630.56 points, with most regional…
Read MoreStocks and US Treasury yields rise after Supreme Court scraps Trump’s tariffs
Stock markets in the United States and Europe jumped on Friday after the Supreme Court struck down U.S. President Donald Trump’s tariffs, a key pillar of the administration’s economic platform. The S&P 500 rose and was last up 0.3%. European auto shares and U.S.-listed shares of stock markets from South Korea to India rallied. Meanwhile,…
Read MoreWall Street ends higher after Supreme Court rules against Trump tariffs
Thousands of companies around the world have filed lawsuits challenging Trump’s sweeping tariffs Published Fri, Feb 20, 2026 · 11:51 PM — Updated Sat, Feb 21, 2026 · 08:14 AM [SAN FRANCISCO] US stocks ended higher on Friday (Feb 20), led by gains in Alphabet, Amazon and other Wall Street heavyweights after the Supreme Court…
Read MoreUOI H2 net profit surges 51.5% to S$23.7 million
[SINGAPORE] United Overseas Insurance (UOI), the insurance arm of UOB, posted a net profit of S$23.7 million for the second half of its 2025 fiscal year ended Dec 31 – a 51.5 per cent increase from S$15.6 million in the year-ago period. In a bourse filing on Friday (Feb 20), UOI said its insurance revenue…
Read MoreUS stocks: Wall Street opens lower after economic data
WALL Street indexes opened lower on Friday (Feb 20) after data showed US economic growth slowed more than expected in the fourth quarter and inflation picked up in December. At 09.30 am, the Dow Jones Industrial Average fell 169.22 points, or 0.34 per cent, to 49,225.94, the S&P 500 lost 23.64 points, or 0.34 per…
Read MoreParkway Life Reit secures 8.8 billion yen social loan from DBS, issues S$70 million green bond
The 10-year social loan is the first such facility the bank extends to the healthcare sector [SINGAPORE] Parkway Life Real Estate Investment Trust (Reit) has secured an 8.8 billion yen (S$72 million) social loan from DBS, and also priced a S$70 million green bond at a 2.103 per cent coupon. The manager of the healthcare-focused…
Read MoreConcord New Energy forecasts over 80% dip in profit for FY2025
This comes on the back of a decline in revenue and gross margin from its power generation business [SINGAPORE] Concord New Energy announced on Friday (Feb 20) that it expects a drop of more than 80 per cent in unaudited profit attributable to equity holders for the financial year ended Dec 31, 2025, compared with…
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