Posts by Liam Redmond
US: S&P 500 and Nasdaq notch records, boosted by AI and earnings optimism
Published Sat, May 9, 2026 · 10:57 AM [BENGALURU] The S&P 500 and the Nasdaq notched record highs on Friday (May 8), boosted by gains in Nvidia, Sandisk and other AI-related stocks, while a stronger-than-expected jobs report pointed to labour market resilience. Nvidia climbed 1.8 per cent, while memory and storage sellers Micron Technology and…
Read MoreJardine C&C said to explore sale of car dealership in Malaysia and Singapore
A transaction could value the business at US$250 million to US$350 million, say sources Published Sat, May 9, 2026 · 10:03 AM [SINGAPORE] A unit of Jardine Matheson Group is considering selling its car dealership in Malaysia and Singapore, people familiar with the matter said. Singapore-listed Jardine Cycle & Carriage ( Jardine C&C ) is…
Read MoreWealth ambitions, AI threats and war risks: 4 takeaways from Singapore banks’ Q1 results
The Big Three banks DBS, OCBC and UOB all post earnings that beat street expectations [SINGAPORE] Another quarter, another results season wrapped up for Singapore’s trio of local lenders. DBS, UOB and OCBC all posted earnings that beat street expectations for the first three months of 2026, even as lower interest rates continued to weigh…
Read MoreGeneral Motors to pay $12.5 million to settle claims it illegally sold California driver data
General Motors has agreed to pay $12.5 million dollars to settle claims that the automaker illegally sold location and driving data of hundreds of thousands of Californians, state officials said Friday. The settlement is an example of how automakers are facing more scrutiny over allegations that they share driver data with the insurance industry, influencing…
Read MoreDasmond Koh’s NoonTalk Media narrows Q3 loss by 41.9% to S$0.4 million
[SINGAPORE] Media company NoonTalk Media on Friday (May 8) announced a loss of S$437,615 for its third quarter ended Mar 31, a narrowing of 41.9 per cent from S$752,974 for the year-ago period. The Catalist-listed company, helmed by former DJ Dasmond Koh, who is its chief executive and executive director, posted a 3.3 per cent…
Read MorePorsche shutters three units as new CEO makes first job cuts
Published Fri, May 8, 2026 · 10:07 PM PORSCHE AG is closing three of its non-car-making units, with chief executive officer Michael Leiters cutting headcount for the first time to counteract slumping sales in China and the cost of reversing its EV strategy. The Volkswagen AG-owned carmaker plans to shut down its Cellforce battery business,…
Read MoreBoard diversity is good, but inclusion is important too: study of SGX listcos
Share of directors of locally listed firms who believe different perspectives will boost company performance is lower than global level [SINGAPORE] Under three-quarters or 73 per cent of local directors believe that increasing the diversity of perspectives on the board will improve overall company performance, lower than the 85 per cent seen globally, found a…
Read MoreEuropean shares slide as Middle East tensions flare
Published Fri, May 8, 2026 · 08:01 PM EUROPEAN shares fell on Friday in broad-based losses, as an escalation in the US-Iran conflict lifted oil prices and dampened hopes that a diplomatic solution could be close. US President Donald Trump said the ceasefire was still in effect despite forces clashing in the Gulf, with Washington awaiting…
Read MoreECB is studying defences against Mythos-powered attacks, Lagarde says
Published Fri, May 8, 2026 · 07:19 PM [FRANKFURT] The European Central Bank is studying defences against cyberattacks powered by artificial intelligence model Mythos but, like the rest of Europe, it is at a disadvantage because it has no access to it, ECB President Christine Lagarde said on Friday. Developed by Anthropic to find flaws in computer…
Read MoreSony, Nintendo grapple with memory price surge as AI boom constrains supply
Published Fri, May 8, 2026 · 06:59 PM [TOKYO] Nintendo and Sony both flagged the impact from surging memory prices on their games businesses on Friday (May 8), as the artificial intelligence boom constrains chip supply and deepens disruptions across the tech sector. Memory chip prices doubled in the first quarter alone from the previous quarter and…
Read MoreShare of female board chairs at top 100 SGX listcos edges up to 10%: diversity council
With progress being made on gender diversity, the council is looking at other aspects such as skills, experience and age [SINGAPORE] Even as the proportion of female board chairpersons among the biggest Singapore-listed companies rose to 10 per cent in 2025, the Council for Board Diversity (CBD) is exploring other aspects of diversity including directors’…
Read MoreSony, TSMC plan new Japan joint venture for next-generation image sensors
The partnership will explore opportunities in physical AI applications such as automotive and robotics Published Fri, May 8, 2026 · 06:48 PM [TAIPEI] Taiwan Semiconductor Manufacturing (TSMC) and Sony Semiconductor Solutions said on Friday (May 8) they plan to form a new joint venture (JV) in Japan to develop and manufacture next-generation image sensors. The…
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