Posts by Liam Redmond
Amazon’s AI success sends stock racing towards US$3 trillion club
The e-commerce giant has a market value of more than US$2.9 trillion after adding US$438 billion this year Published Thu, May 14, 2026 · 09:02 PM [CHICAGO] Investors are growing increasingly optimistic about Amazon’s position in artificial intelligence, lighting a fire under the stock and sending the company’s market capitalisation soaring towards the rarefied US$3…
Read MoreChina’s view on Elon Musk? Visionary, occasional villain
IN CHINA, Elon Musk has been the object of love – and occasional loathing. The Tesla boss has been both lauded as a visionary and criticised by Chinese regulators and the public for the alleged bungling of customer complaints. In addition, the dominance of SpaceX and its Starlink satellite unit has raised the ire of…
Read MoreAirAsia X posts quarterly loss as fuel costs bite, withholds 2026 targets
The results mark the first reporting period following the completion of its acquisition of AirAsia Aviation Group and AirAsia in January Published Thu, May 14, 2026 · 08:26 PM [KUALA LUMPUR] Malaysia’s AirAsia X swung to a quarterly net loss on Thursday (May 14) as volatile jet fuel prices weighed on the carrier, leading it…
Read MoreNetLink NBN Trust posts 1.1% rise in H2 DPU to S$0.0271
Company expects its business to ‘remain resilient’ despite uncertainties from Middle East conflict [SINGAPORE] Fibre network operator NetLink NBN Trust posted a 1.1 per cent rise in distribution per unit (DPU) to S$0.0271 for the half-year ended Mar 31, as more government project completions drove top-line growth. H2 revenue was up 2.1 per cent to…
Read MoreCNMC Goldmine proposes transfer to SGX mainboard
[SINGAPORE] Catalist-listed gold producer CNMC Goldmine is seeking a transfer of its listing to the mainboard of the Singapore Exchange (SGX) to raise its corporate image and gain access to a wider investor base. In a bourse filing on Thursday (May 14), the group said it has submitted an application for this to Singapore Exchange…
Read MoreSIA H2 FY2026 earnings fall 53.6% to S$945.5 million on absence of accounting gain
[SINGAPORE] Singapore Airlines’ (SIA) earnings for its second half ended March more than halved year on year to S$945.5 million from S$2 billion. The national carrier group on Thursday (May 14) attributed the 53.6 per cent reduction in H2 net profit largely to the absence of a one-off, non-cash accounting gain of S$1.1 billion. This…
Read MoreSIA staff get lower bonus of 5.7 months for FY2026
Annual profit-sharing compensation based on a longstanding formula agreed with staff unions [SINGAPORE] Singapore Airlines (SIA) is rewarding eligible employees with a profit-sharing bonus of 5.7 months for the 2026 financial year, The Business Times understands. The amount is lower than the 7.45 months for FY2025 and the 7.94 months for FY2024. SIA staff were…
Read MoreData centre demand boosts CSE Global’s Q1 revenue by 29.1% to S$265.2 million
[SINGAPORE] Systems integration specialist CSE Global posted a 29.1 per cent rise in revenue to S$265.2 million for the three months ended Mar 31, boosted by fresh demand from the data-centre industry. Q1 revenue from CSE’s electrification segment rose 50.1 per cent to S$146.3 million, mainly due to “major” contracts in the data-centre market in…
Read MoreOil edges up as investors focus on Trump-Xi meeting in Beijing
Published Thu, May 14, 2026 · 06:11 PM [LONDON] Oil prices edged up on Thursday, with market participants focused on the meeting between US President Donald Trump and Chinese President Xi Jinping to scour for progress on a resolution for the Iran war. Both leaders agreed in a meeting that the Strait of Hormuz must be…
Read MoreTrump-Xi meeting fails to lift Singapore stocks on Thursday; STI dips 0.2%
Across the broader market, gainers trail losers 257 to 359, after 2.2 billion securities worth S$2.6 billion change hands [SINGAPORE] Singapore stocks ended lower on Thursday (May 14), as a much-anticipated meeting between Chinese leader Xi Jinping and US President Donald Trump failed to lift investor sentiment. The benchmark Straits Times Index (STI) lost 0.2…
Read MoreEneos to buy Chevron’s Singapore refinery stake, Asian assets for US$2.2 billion
The latest sale includes Chevron’s Penjuru terminal and lubricants facility in Singapore Published Thu, May 14, 2026 · 05:29 PM [TOKYO/SINGAPORE] Eneos Holdings said on Thursday (May 14) it will buy US major Chevron’s 50 per cent stake in Singapore Refining Company (SRC) and other assets in South-east Asia and Australia for nearly US$2.2 billion,…
Read MoreBurberry’s cautious outlook disappoints after sales boost
Published Thu, May 14, 2026 · 05:29 PM BURBERRY Group disappointed investors after the British luxury brand issued a cautious outlook for this fiscal year and warned geopolitical and economic uncertainty may hurt shopper confidence. The maker of tartan scarves and gabardine trench coats declined to give detailed targets other than to say momentum will…
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