Posts by Liam Redmond
Prudential considering listing of its Indian joint venture ICICI Prudential Asset Management
BRITISH insurer Prudential is evaluating a potential listing of its Indian joint venture, ICICI Prudential Asset Management, which will involve the partial sale of its shares. The transaction is subject to market conditions, requisite approvals and other considerations, said the Asia-focused insurer on Wednesday (Feb 12). If the deal goes through, net proceeds from…
Read MorePrudential mulls listing of its Indian joint venture ICICI Prudential Asset Management
BRITISH insurer Prudential is evaluating a potential listing of its Indian joint venture, ICICI Prudential Asset Management, which will involve the partial sale of its shares. The transaction is subject to market conditions, requisite approvals and other considerations, said the Asia-focused insurer on Wednesday (Feb 12). If the deal goes through, net proceeds from…
Read MoreSeatrium inks MOU with BP for deepwater floating production unit in US Gulf of America
The company will provide engineering, procurement, construction and commissioning services for the Tiber FPU OFFSHORE and marine specialist Seatrium inked a memorandum of understanding (MOU) with BP Exploration & Production, a subsidiary of multinational oil and gas company BP, for a deepwater floating production unit (FPU) in the US Gulf of America. Under the MOU,…
Read MoreSeatrium inks MOU with BP for deepwater production unit in offshore US
The company will provide engineering, procurement, construction and commissioning services for the Tiber FPU OFFSHORE and marine specialist Seatrium inked a memorandum of understanding (MOU) with BP Exploration & Production, a subsidiary of multinational oil and gas company BP, for a deepwater floating production unit (FPU) in the Gulf of Mexico. Under the MOU, Seatrium…
Read MorePilot killed in plane crash involving Mötley Crüe singer’s private jet identified: ‘His passion was flying’
A 78-year-old Marine veteran was identified as the pilot killed when the private jet — owned by Mötley Crüe lead singer Vince Neil — he was flying crashed into another plane on the runway at Scottsdale Airport in Arizona Monday afternoon. Joie Vitosky, a certified flight engineer and pilot, was pronounced dead at the scene…
Read MoreStocks to watch: Seatrium, iFast, Thomson Medical, Digital Core Reit
THE following companies saw new developments that may affect trading of their securities on Thursday (Feb 13). Seatrium: The offshore and marine specialist inked a memorandum of understanding (MOU) with BP Exploration & Production for a deepwater floating production unit (FPU) in the US Gulf of America. Under the MOU, Seatrium will provide engineering, procurement,…
Read MoreAdobe launches AI video tool to compete with OpenAI
The Firefly Video Model, as Adobe is calling the service, will compete against Sora ADOBE on Wednesday (Feb 12) released the first public version of an artificial intelligence (AI) tool that can generate video clips and revealed how much it will charge, but said it will not set pricing for major users such as studios…
Read MoreMeta accounting move on AI servers to boost profit this year
META Platforms made a small change last month that’s likely to increase the company’s profit by billions of US dollars this year. It was not the release of a new product or cost cuts. It was a tweak to an accounting formula used to measure the depreciation of its expensive artificial intelligence (AI) infrastructure. …
Read MoreCisco raises annual revenue forecast as AI boom boosts networking gear demand
CISCO Systems raised its annual revenue forecast on Wednesday (Feb 12), betting on higher demand for its cloud networking gear amid an artificial intelligence (AI) boom, sending its shares up nearly 7 per cent in extended trading. Corporate customers have been investing heavily to build their AI infrastructure, boosting demand for data centres, which use…
Read MoreApple brings TV+ to Android phones in bid to boost subscribers
The move marks the rare occasion when Apple is offering services on Google’s Android, its biggest competitor in smartphone software APPLE expanded the TV+ video service to Android phones for the first time, a move aimed at boosting its streaming subscribers. On Wednesday (Feb 12), the TV+ app became available via the Google Play Store…
Read MoreThe perverse reasons Hamas and Iran are happy for the cease-fire to collapse and war in Gaza to resume
The fragile cease-fire that stopped 15 months of war in the Gaza Strip looks increasingly likely to end at noon on Saturday after just 27 days. President Trump and Israeli Prime Minister Benjamin Netanyahu have said intense fighting would resume in the war-torn enclave unless Hamas releases all hostages in Gaza by that deadline. Currently,…
Read MoreChevron to lay off up to 20% of global workforce
CHEVRON will lay off 15 to 20 per cent of its global workforce by the end of 2026, the US oil company said on Wednesday (Feb 12) as it seeks to cut costs, simplify its business, and complete a major acquisition. The No 2 US oil producer has faced production challenges including cost overruns and…
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