Posts by Liam Redmond
US: Wall St opens higher as Nvidia’s forecast calms AI demand fears
WALL Street’s main indexes opened higher on Thursday (Feb 27) as AI bellwether Nvidia’s upbeat forecast soothed concerns of cooling demand in the industry, though a jump in weekly jobless claims kept a check on gains. The Dow Jones Industrial Average rose 83.3 points, or 0.19 per cent, at the open to 43,516.44. The…
Read MoreMeta apologizes after Instagram users are flooded with violent videos
Meta issued an apology Wednesday night after an “error” caused Instagram’s recommendation algorithm to flood users’ Reels feeds with disturbing and violent videos, some depicting fatal shootings and horrific accidents. The issue affected a broad range of users, including minors. The troubling content, which was recommended to users without their consent, featured graphic depictions of…
Read MoreSGX-listed companies have ‘significant room for improvement’ in whistle-blowing policies: NUS study
SINGAPORE-LISTED companies are not doing nearly enough when it comes to whistle-blowing policies, according to a study by the Centre for Investor Protection (CIP) at NUS Business School. For example, less than half of primary-listed issuers said that all whistle-blowing complaints are even reviewed. And most did not specify how they would safeguard whistle-blowers’ identities.…
Read MoreSherman Kwek: CDL board rift sparked by action to rein in Catherine Wu, Kwek Leng Beng’s adviser
THE “primary reason” for the ongoing dispute at City Developments Ltd is “a very serious issue of corporate governance” involving Dr Catherine Wu, Kwek Leng Beng’s adviser, group chief executive Sherman Kwek said in a statement on Thursday (Feb 27) evening. He cited Dr Wu as holding an official position as advisor to the board…
Read MoreJardine C&C posts 4.4% rise in H2 underlying profit to US$602 million
JARDINE Cycle & Carriage (C&C) posted a 4.4 per cent rise in its underlying profit of US$602 million for the six months ended December 31, 2024. This came as revenue for the period rose 9 per cent to US$11.6 billion However, its full-year underlying profit was down 5 per cent to US$1.1 billion due to…
Read MoreSalley Carson Says She “Wasn’t Surprised” That JT Thomas Showed Up To The ‘Southern Charm’ Reunion: “The Guy Makes For Great TV”
Salley Carson might be new to Southern Charm this season, but she’s certainly not new to reality television. The spine surgery robot operator first got her start in Season 26 of The Bachelor and later returned to the franchise for Bachelor in Paradise Season 8. She made her Bravo debut on Southern Hospitality Season 2…
Read MoreUS-China tensions can offer ‘huge opportunities’ for Asian law firms: R&T managing partner
RISING tensions between the United States and China present Asian law firms with a “huge opportunity”, as the region is likely to benefit given its reputation for being politically stable, said Rajah & Tann managing partner Patrick Ang on Thursday (Feb 27). Also, as the China-US rivalry leads to an increase in geopolitical tensions,…
Read MorePatrick Roy has an idea of what’s hampering Ilya Sorokin — but does he have a solution?
BOSTON — As a general rule, Patrick Roy leaves the goalies alone. Despite his pedigree, Roy usually makes a point out of leaving the goalie coaches to work with the Islanders goalies. Almost hilariously, and not for the first time, he prefaced an answer regarding the position Wednesday by saying, “I’m not a good person…
Read MorePorsche overtakes Ferrari as million-dollar car of the moment
THIS month, as car enthusiasts converge on Florida for two weeks, they will find 14 Porsches with estimates straddling the US$1 million mark-two more than the dozen Ferraris with the same distinction and far more than any other brand among the 405 total lots being offered across three auction houses. Million-dollar Porsches are creeping into…
Read MoreApac Realty’s H2 profit halves to S$3.1 million as new home sales drop
REAL estate services player Apac Realty posted a 53.6 per cent fall in net profit to S$3.1 million for the six months ended Dec 31, 2024, hit by a fall in new home sales. The company’s revenue for the half-year dipped 0.6 per cent to S$295.9 million, on the back of a 30.5 per cent…
Read MoreKnicks’ Ariel Hukporti suffers knee injury in his first start of season
With Karl-Anthony Towns unable to play Wednesday night, rookie center Ariel Hukporti made the first start of his NBA career. But he couldn’t make it through the entire game, departing the Knicks’ win over the Sixers in the fourth quarter with a sprained left knee. Tom Thibodeau claimed he hadn’t spoken to the team’s medical…
Read MoreHSBC cutting staff numbers by 900 at China Pinnacle unit: sources
HSBC is reducing staff numbers at its China digital wealth business Pinnacle by nearly half, or about 900 people, two sources said, a sharp reversal of the bank’s ambition for the unit as part of its expansion plans in that country. Pinnacle was launched in 2020 and sells insurance and fund products through a digital…
Read More