Posts by Liam Redmond
Nikkei slips from record high ahead of BOJ decision
Published Tue, Apr 28, 2026 · 09:14 AM [TOKYO] Japan’s Nikkei share average on Tuesday slipped from a record high reached in the previous session, as investors awaited the Bank of Japan’s policy response to the oil shock driven by the US-Israeli war against Iran. The Nikkei fell 0.6 per cent to 60,174.75, as of…
Read MoreXi tests China’s reach by blocking Meta deal that’s already done
The country’s regulators have long wielded power far beyond their counterparts in most other countries [BEIJING] China has sought for years to exert influence over business deals beyond its home turf. Still, its decision to press Meta Platforms to unwind a US$2 billion acquisition of AI startup Manus marks a step unlike anything it’s tried…
Read MoreMeta seeks to power data centers with energy beamed from space
Meta Platforms Inc. is looking to power artificial intelligence data centers with solar energy collected in space, taking a novel approach to meeting its insatiable demand for electricity. The company said Monday that it clinched a deal for up to 1 gigawatt of space solar energy from Overview Energy, a startup seeking to collect sunlight…
Read MoreSupreme Court wary of barring police from phone searches to find crime suspects
WASHINGTON — A divided Supreme Court heard arguments Monday on whether the police use of phone tracking data violates the Constitution’s protection against “unreasonable searches.” Most of the justices sounded wary of barring investigators from obtaining precise location history from Google or cellphone providers if it helps find a murderer or a bank robber. “I’m trying…
Read MoreOpenAI CEO Sam Altman apologizes for not alerting police about Canada shooting suspect
OpenAI Chief Executive Sam Altman apologized to a Canadian community for failing to alert police about a mass shooter’s conversations with its chatbot. Authorities said Jesse Van Rootselaar, 18, killed eight people including schoolchildren in Tumbler Ridge, British Columbia, before taking her own life in February. “I am deeply sorry that we did not alert…
Read MoreCapitaLand Ascendas Reit’s portfolio occupancy dips to 90.5% in Q1; rental reversion slows
Occupancy in Australia falls 1.4 percentage points quarter or quarter; in Singapore, it slips by 0.6 percentage points [SINGAPORE] CapitaLand Ascendas Reit’s (Clar) portfolio occupancy fell to 90.5 per cent from 90.9 per cent in the preceding quarter, said its manager in a business update on Monday (Apr 27). Changes in occupancy were mixed across…
Read MoreMusk and Altman head to trial in feud over future of OpenAI
Tesla CEO seeks US$134 billion from OpenAI and Microsoft, which he pledges to give to OpenAI’s charitable arm [AUSTIN, TEXAS] Elon Musk and Sam Altman will face off this week in a trial that could determine the future of OpenAI. The high-profile showdown between the artificial intelligence titans is the culmination of years of animosity…
Read MoreWall St opens lower as investors weigh US-Iran conflict before earnings rush
Published Mon, Apr 27, 2026 · 09:44 PM [NEW YORK] Wall Street’s main indexes opened slightly lower on Monday (Apr 27) as peace talks between the US and Iran stalled, while investors awaited a flood of earnings as well as commentary from the Federal Reserve meeting this week. The Dow Jones Industrial Average fell 118.5…
Read MoreShell to buy Canada’s ARC in output-boosting US$16.4 billion deal
Published Mon, Apr 27, 2026 · 09:35 PM [LONDON] Shell has agreed to buy Canadian energy company ARC Resources in a deal valued at US$16.4 billion, including debt, which the British oil and gas major said on Monday would boost its output by 370,000 barrels of oil equivalent per day (boed). Analysts and the company…
Read MoreYangzijiang Maritime adds 10 new vessels, pushing order book to 53
The newbuilds will be funded through a combination of equity co-investment and debt financing [SINGAPORE] Maritime financial-solutions provider Yangzijiang Maritime on Monday (Apr 27) announced that it placed newbuilding orders with Chinese shipyards for 10 vessels. Following the delivery of these vessels between 2027 and 2029, the group’s total fleet will grow to 105 vessels,…
Read MoreGSH Corp CEO Gilbert Ee to retire amid broader leadership renewal
[SINGAPORE] GSH Corporation announced a series of leadership changes on Monday (Apr 27) as part of its ongoing strategic renewal efforts. Gilbert Ee, 61, will retire from his positions as CEO and executive director, effective from Oct 26. GSH noted in a bourse filing that Ee has decided to step down “to allow for a…
Read MoreCiti to boost Japan, China investment banking teams, plans senior sector-focused hires
Published Mon, Apr 27, 2026 · 08:08 PM [HONG KONG] Citigroup will bolster its Japan and China investment banking teams by adding selective senior bankers, the bank’s Asia investment banking head told Reuters on Monday (Apr 27). This comes as the firm aims to win more cross-border mergers and acquisitions (M&A) deals. Despite the ongoing…
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