Posts by Liam Redmond
Revolut CEO sued by broker over fees on US$400 million superyacht
The claim is ‘without merit and will be defended’, says a spokesperson for Nik Storonsky’s family office Published Tue, Aug 4, 2026 · 06:25 PM [LONDON] Revolut CEO Nik Storonsky is facing a lawsuit in London claiming he dodged about 17.5 million euros (US$20.1 million) in commission when he bought a superyacht once valued by…
Read MoreThree Arrows going after founder Zhu Su’s wife for US$40 million from Dubai property sale
The property was allegedly paid for from a purported loan of US$50 million worth of cryptocurrency from the firm [SINGAPORE] While Zhu Su, the co-founder-director of the now-in-liquidation crypto hedge fund Three Arrows Capital, was serving jail time in Singapore for non-compliance of a court order, he was said to have transferred a Dubai property…
Read MoreChina is getting more anxious about Mythos ahead of Trump-Xi meeting
Officials in Beijing are concerned about the cyber capabilities of AI frontier models made by US companies CHINA is growing anxious that Anthropic’s Mythos could be wielded against the world’s second-biggest economy, adding a volatile new issue to already heightened tensions before a planned summit between Chinese President Xi Jinping and his American counterpart Donald…
Read MoreSamsung’s retail investors seek extra shareholder meeting over buybacks, bonuses
The move comes after shares of the company lost over one-third of their value since June’s record highs Published Tue, Aug 4, 2026 · 05:11 PM [SEOUL] South Korean retail shareholder platform ACT said on Tuesday (Aug 4) that it had launched a campaign to call an extraordinary shareholders’ meeting at Samsung Electronics, urging the…
Read MoreLufthansa warns 2026 profits could fall amid fuel price volatility
The group plans to retire or temporarily ground several aircraft to streamline operations Published Tue, Aug 4, 2026 · 04:18 PM [LONDON/FRANKFURT] German airline group Lufthansa warned on Tuesday (Aug 4) that its operating profit could fall this year after the figure more than halved in the second quarter due to higher fuel costs tied…
Read MoreNvidia will soon face a chip limit, warns Huawei’s top scientist
It will eventually be impossible to continually shrink and make integrated circuits more dense, says Liao Heng Published Tue, Aug 4, 2026 · 04:05 PM HUAWEI Technologies’ top semiconductor scientist warned of the looming physical limits that Western chipmaking giants including Nvidia face in their pursuit of more powerful processors, in a rare public appearance…
Read MoreVietnam preparing US$8.4 billion lending package for SMEs, priority projects to boost growth
Central bank official says key policy rates have been left unchanged this year to ensure banks have access to low-cost funding Published Tue, Aug 4, 2026 · 02:14 PM [HANOI] Vietnam’s central bank said that it is preparing a 220 trillion dong (US$8.4 billion) soft-loan package for small and medium-sized enterprises and priority projects as…
Read MoreShein seeks US$30-$40 billion valuation for August Hong Kong IPO: sources
Published Tue, Aug 4, 2026 · 12:36 PM — Updated Tue, Aug 4, 2026 · 01:09 PM [LONDON/HONG KONG] Shein is seeking a valuation of US$30 billion to US$40 billion in a Hong Kong initial public offering (IPO) that the online fast-fashion retailer plans to launch as early as mid-August, three people familiar with the…
Read MoreAnalysts upbeat on ‘New Keppel’ core operations despite group’s net profit plunge
[SINGAPORE] Analysts remained largely upbeat about Keppel’s core operations, despite a drop in the global asset manager and operator’s H1 net profit. The group reported a 59 per cent year-on-year plunge in net profit to S$155 million for H1. The drag came from its non-core asset portfolio, which posted a net loss of S$375 million,…
Read MoreAsia’s wealthy investors turning to private markets as AI stocks look ‘frothy’: Brookfield
Private markets offer cheaper entry point to AI infrastructure than public equities says the global asset manager [SINGAPORE] With public equity valuations in AI looking increasingly “frothy”, wealthy investors in Asia seeking exposure to the megatrend should look towards private markets such as infrastructure, where valuations remain far more reasonable, according to global asset manager…
Read MoreFalconX cuts 10% of workforce amid crypto downturn; half of Singapore staff laid off: sources
Firm is adjusting its strategy in the Singapore to focus on crypto derivatives trading Published Tue, Aug 4, 2026 · 09:54 AM DIGITAL assets brokerage firm FalconX has cut 10 per cent of staff globally, as it prepares for a prolonged downturn in cryptocurrency markets, according to people familiar with the matter. Roughly half the…
Read MoreTrump blasts ExxonMobil, Chevron for making ‘too much money,’ demands lower petrol prices
Published Tue, Aug 4, 2026 · 09:06 AM [WASHINGTON] US President Donald Trump accused ExxonMobil and Chevron on Monday (Aug 3) of making “too much money” off higher fuel prices and said the oil giants should “give some of that back to the public,” a notable break from his usual alliance with the industry. “I…
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