Posts by Liam Redmond
Ben Affleck’s AI company is sold for more than $500 million
Netflix has revealed just how big it is betting on artificial intelligence, shelling out more than half a billion dollars for one of the early AI movers in Hollywood. In March, the Los Gatos-based company announced it was acquiring Ben Affleck’s AI film tech company, InterPositive. A new securities filing shows that the streaming giant…
Read MoreNovartis profit beats estimates, pointing to growth
Published Tue, Jul 21, 2026 · 05:35 PM [BASEL, SWITZERLAND] Novartis reported higher-than-expected profit last quarter as newer cancer medicines offset the ageing blockbuster Entresto’s loss of sales to generic rivals. Earnings excluding some items were unchanged at US$5.94 billion in the second quarter, the company said Tuesday (Jul 21), topping the US$5.34 billion average…
Read MoreEGP Energy offers 1 million public shares at S$0.51 each in mainboard listing
IPO will close at noon on Jul 27, with trading of shares expected to commence on Jul 29 [SINGAPORE] Electrical infrastructure solutions and services provider EGP Energy Corporation launched its initial public offering on Tuesday (Jul 21), seeking to raise approximately S$30.6 million in gross proceeds ahead of its planned listing on the Singapore Exchange…
Read MoreAnt International raises US$1.2 billion in global expansion push
Published Tue, Jul 21, 2026 · 03:41 PM [HONG KONG] Ant International, the global arm of the Jack Ma-backed fintech company, has raised US$1.2 billion to bolster its expansion in cross-border payments and AI-enabled commerce. The firm completed its series A financing, the company said in a statement on Tuesday (Jul 21). The proceeds will be…
Read MoreChina considers tighter export controls on AI models and chips, FT reports
The country is considering restricting overseas access to its most advanced AI technology Published Tue, Jul 21, 2026 · 01:26 PM CHINESE authorities are considering tightening export controls on AI and semiconductor technologies, the Financial Times reported on Tuesday (Jul 21). The step reflects Beijing’s push to keep domestic AI at home and show that…
Read MoreBank of China approved by MAS as a primary dealer
[SINGAPORE] The Bank of China (BOC)’s Singapore branch was approved by the Monetary Authority of Singapore (MAS) to become a primary dealer. The move sees the institution becoming the first Chinese bank to receive this approval from the authority, a Tuesday (Jul 21) statement noted. Primary Dealers are banks in Singapore approved by the MAS…
Read MoreSingapore mandates five banks for US$1.63 billion 20-year green bond
DBS, Deutsche Bank, HSBC, OCBC and Standard Chartered are appointed to arrange the planned bond Published Tue, Jul 21, 2026 · 11:16 AM [SINGAPORE] The Monetary Authority of Singapore has appointed DBS , Deutsche Bank, HSBC, OCBC and Standard Chartered to arrange a planned 20-year green infrastructure bond, according to a mandate sheet reviewed by…
Read MoreSingapore inflation expectations inch up to 3.4% on geopolitical and trade fears: survey
One-year-ahead headline inflation gauge rises from 3.3% in March, according to a DBS and SMU survey [SINGAPORE] Households in Singapore have modestly raised their expectations for near-term price increases, driven by mounting global uncertainties, supply chain disruptions and the spectre of new tariffs. The one-year-ahead headline inflation expectations climbed to an average of 3.4 per…
Read MoreAsia stocks steady as chip sell-off eases ahead of megacap tech earnings
The MSCI Asia-Pacific Index was little changed as gains in Japan offset weakness elsewhere Published Tue, Jul 21, 2026 · 09:42 AM ASIAN stocks on Tuesday (Jul 21) held three days of losses as traders stayed cautious ahead of megacap tech earnings this week. Oil slipped from its highest close since mid-June as an escalation…
Read MoreLondon Stock Exchange plans to launch round-the-clock trading next year, FT reports
Published Tue, Jul 21, 2026 · 08:45 AM THE London Stock Exchange has unveiled plans to launch a night-time trading site in the first half of 2027, the Financial Times reported on Monday (Jul 20), citing the company. LSE’s new exchange will operate separately from LSE’s main market, and initially offer access to exchange-traded products…
Read MoreOil settles 1% higher as hopes of renewed US-Iran negotiations offset Houthi threat
Published Tue, Jul 21, 2026 · 06:05 AM [HOUSTON] Oil prices settled over 1 per cent higher on Monday (Jul 20) after volatile trading through the session, as traders weighed hopes of renewed US-Iran negotiations against Yemen’s Houthis imposition of a naval blockade against Saudi Arabia. The Middle East conflict escalated over the weekend, with the US…
Read MoreEuropean shares tick lower as investors assess US-Iran jitters; tech earnings loom
Published Tue, Jul 21, 2026 · 05:54 AM EUROPEAN shares slipped on Monday (Jul 20) as the deteriorating conflict in the Middle East stoked inflation fears ahead of a European Central Bank meeting this week. The pan-European Stoxx 600 index fell 0.3 per cent to 639.6. Travel and leisure stocks were the biggest laggards, declining 0.95 per cent.…
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