Posts by Liam Redmond
Microsoft commits A$25 billion to build Australian AI capacity
The company and its US cloud computing peers plan to spend about US$650 billion this year Published Thu, Apr 23, 2026 · 11:02 AM [SYDNEY] Microsoft announced its biggest-ever investment in Australia, pledging to spend A$25 billion (S$23 billion) by the end of 2029 as it pushes deeper into the artificial intelligence market in the…
Read MoreTSMC shows smaller, faster chips without a pricey new tool from ASML
Published Thu, Apr 23, 2026 · 10:03 AM [SANTA CLARA] Taiwan Semiconductor Manufacturing Company (TSMC) on Wednesday (Apr 22) showed its newest generation of chip manufacturing technology, saying it expects to be able to create smaller, faster chips without requiring expensive new machines from ASML. TSMC, the global giant that makes chips for Nvidia, Apple…
Read MoreSports events group Kin Global opens 17.4% above IPO price in Catalist debut
[SINGAPORE] Shares of sports events management firm Kin Global rose in their trading debut on the Catalist board on Thursday (Apr 23), opening at S$0.27. This was 17.4 per cent higher than its initial public offering (IPO) price of S$0.23. As at 9.15 am, the counter was trading at S$0.27 with almost 6 million shares…
Read MoreGoldman Sachs settles shareholder lawsuit over 1MDB scandal
US and Malaysian authorities have said that US$4.5 billion was syphoned away from the Malaysian sovereign wealth fund Published Thu, Apr 23, 2026 · 07:51 AM [NEW YORK] Goldman Sachs has agreed to settle a class-action lawsuit accusing the Wall Street bank of defrauding shareholders about its work for 1MDB, a Malaysian sovereign wealth fund…
Read MoreHow did thousands of sensitive LAPD files get leaked? City officials seek explanation
In the aftermath of a recent data breach that saw hackers make off with a vast trove of confidential police records, L.A. leaders have sought an explanation from the city’s top lawyer, whose office was targeted. What they have gotten so far, according to Councilmember Ysabel Jurado, are answers that only leave more questions. In…
Read MoreOil up US$3 on drop in US fuel stocks, reports of gunfire hitting container ships in Hormuz
The European Union is considering requiring countries to hold stockpiles of jet fuel Published Thu, Apr 23, 2026 · 06:06 AM [HOUSTON] Oil prices settled up by more than US$3 on Wednesday (Apr 22) after a surprise petrol and distillate stock draw in the US, and on reports of gunfire attacks on at least three…
Read MoreVolvo Cars says demand for new EX60 electric SUV exceeds expectation
Published Wed, Apr 22, 2026 · 10:27 PM [GOTHENBURG, Sweden] Volvo Cars expects to build up to 40,000 cars of its new flagship electric model this year, with demand exceeding initial expectations, its CEO told Reuters as the automaker kicked off production in Sweden on Wednesday (Apr 22). Volvo, which in January first unveiled the…
Read MoreWall Street opens higher on ceasefire extension relief
Published Wed, Apr 22, 2026 · 09:41 PM [NEW YORK] Wall Street’s main indexes opened higher on Wednesday (Apr 22) after US President Donald Trump extended the ceasefire with Iran, even as uncertainty remained over whether Teheran and US ally Israel would honour the truce. The Dow Jones Industrial Average rose 122.1 points, or 0.25…
Read MoreKin Global’s public offer of 1 million shares 29.5 times subscribed at S$0.23 a share
The sports management company’s invitation also includes 23.9 million placement shares [SINGAPORE] Sports events management company Kin Global’s initial public offering (IPO) of 1 million public offer shares was 29.5 times subscribed at the close of the offer at noon on Tuesday (Apr 21). In a bourse filing and statement on Wednesday, the company said…
Read MoreCICT leans on ‘bold acquisitions’ and asset recycling to drive growth
Manager says it has not shied away from bold moves to upgrade portfolio amid AGM questions on Paragon’s S$3.9 billion acquisition [SINGAPORE] The manager of CapitaLand Integrated Commercial Trust (CICT) said it is constantly on the lookout for deals, including “bold acquisitions” and selective asset sales, to sharpen its portfolio. “The recent transactions that we…
Read MoreBoeing posts smaller-than-expected quarterly loss as recovery gains traction
Published Wed, Apr 22, 2026 · 09:06 PM [SEATTLE] Boeing on Wednesday (Apr 22) reported a much smaller first-quarter loss than analysts expected, a sign of continued operational recovery after the Covid-19 pandemic and years of crises that dented its reputation and left it with a mountain of debt. The aerospace giant posted a US$7…
Read MoreMoody’s profit rises on strong analytics growth, lifts annual forecast
Published Wed, Apr 22, 2026 · 08:39 PM [NEW YORK] Ratings agency Moody’s reported a rise in first-quarter profit on Wednesday (Apr 22), driven by strong demand for its research and analytics products, and raised its 2026 earnings forecast. Strong bond issuance helped support Moody’s ratings business, but investors remain cautious as borrowing activity faces…
Read More