Posts by Liam Redmond
US: Wall Street indexes open muted ahead of Fed’s interest rate verdict
Published Wed, Jun 18, 2025 · 09:44 PM [NEW YORK] Wall Street’s main indexes opened subdued on Wednesday (Jun 18), ahead of the Federal Reserve’s monetary policy decision, as the Israel-Iran conflict that entered its sixth day kept investors on edge. The Dow Jones Industrial Average rose 20.2 points, or 0.05 per cent, at the…
Read MoreMalaysia to build 50% more gas-fired power capacity to meet data centre demand
[KUALA LUMPUR] Malaysia is expected to add 6-8 gigawatts of gas-fired power by 2030 to address growing electricity consumption driven by demand from data centres, an industry official said. The country is expected to see the fastest surge in data centre power demand in South-east Asia, with its share of electricity consumed by data centres…
Read MoreJosh Allen reveals intimate look at dreamy honeymoon with ‘wifey’ Hailee Steinfeld
Newlyweds Josh Allen and Hailee Steinfeld appeared to have the time of their lives on their honeymoon. In a post shared Tuesday on Instagram, the star Bills quarterback unveiled a handful of snapshots from the romantic getaway, which featured the couple — who tied the knot in a lavish California ceremony last month — enjoying…
Read More38 employers with 1,400 vacancies at NTUC-led job-matching exercise for Jetstar Asia workers
[SINGAPORE] The labour movement has brought on 38 employers in a job-matching exercise for the over 500 workers laid off by Jetstar Asia after the low-cost carrier announced its closure last week, the National Trades Union Congress (NTUC) said on Wednesday (Jun 18). The three-day exercise, which began on Tuesday and ends on Jun 19,…
Read MoreThe Russell Wilson trait that can transform the Giants offense
Darius Slayton’s comments were telling. He did not mention Daniel Jones by name when describing Russell Wilson’s deep-ball ability. But as the longest-tenured Giant (tied with Dexter Lawrence), having played pretty much his whole career with Jones as his quarterback, there’s really nobody else with whom he has significant experience in the NFL. And he…
Read MoreUBS, Pictet report data leak after cyberattack on provider, client data unaffected
Files containing details of tens of thousands of UBS employees were stolen, report says Published Wed, Jun 18, 2025 · 07:39 PM [ZURICH] Swiss banks UBS and Pictet on Wednesday (Jun 18) said they had suffered a data leak due to a cyberattack on a provider in Switzerland that did not compromise client information, although…
Read MoreFar East Orchard secures £96 million for private fund to develop UK student accommodation
The fund supports the company’s pivot ‘towards an asset-light model and its objective of growing recurring fee-based income’ [SINGAPORE] Far East Orchard on Wednesday (Jun 18) said its first private student accommodation development fund in Singapore has secured £96 million (S$166 million) in total committed capital at its closing. This includes £70 million raised at…
Read MoreGrab’s US$1.5 billion convertible issue seen as prepping for competition and need for capital: Maybank
[SINGAPORE] Grab’s recent move to upsize its five-year convertible note size to US$1.5 billion is timely given that the Asean digital sector – which includes food delivery – is likely to see more competition, said a Maybank Securities report. Grab’s net cash position will rise to US$7.7 billion post-issue and, on conversion, could lead to…
Read MoreWhat the Jets still need to answer as they look ahead to training camp
The Jets began their summer break with the conclusion of minicamp last week. They won’t be all back together in Florham Park until July 22, when they report for training camp. There won’t be much action between now and then, outside of a few possible signings. So it feels like a good time to take…
Read MoreMeta offered US$100 million bonuses to poach OpenAI employees: CEO Altman
[NEW YORK] Meta offered US$100 million bonuses to OpenAI employees in an unsuccessful bid to poach the ChatGPT maker’s talent and strengthen its own generative AI teams, the startup’s CEO, Sam Altman, has said. Facebook’s parent company – a competitor of OpenAI – also offered “giant” annual salaries exceeding US$100 million to OpenAI staffers, Altman…
Read MoreEuropean, North Asian companies also eyeing the potential of JS-SEZ: UOB banker
[SINGAPORE] The Johor-Singapore special economic zone (JS-SEZ) is drawing interest from companies not just from Singapore, but also from Europe and North Asia. Chiok Sook Yin, UOB’s head of foreign direct investment (FDI) advisory in the chief executive officer’s office, said on Wednesday (Jun 18) that the bank has noticed a number of European and…
Read MoreIndonesia antitrust agency gives ‘conditional’ go-ahead for TikTok’s Tokopedia takeover
The agency will continue to monitor whether the requirements are being implemented until June 17, 2027 Published Wed, Jun 18, 2025 · 05:14 PM [JAKARTA] Indonesia’s antitrust agency has given its “conditional” blessing to last year’s takeover of the country’s biggest e-commerce platform Tokopedia by TikTok after ending its probe into potential monopoly risks, it…
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