Posts by Liam Redmond
Trump administration invites Nvidia, Boeing CEOs for China trip: report
Executives from Qualcomm, Blackstone, Citigroup, and Visa are also on the invitation list, according to the report Published Fri, May 8, 2026 · 10:41 AM [WASHINGTON] The Trump administration is inviting CEOs from Nvidia, Apple, Exxon, Boeing and other big companies to accompany the president on his trip to China next week, Semafor reported on…
Read MoreConverse CEO promises staff new brand strategy will work amid layoffs, dismal quarterly sales
As the company’s challenges deepen, questions have swirled about whether Nike will keep it in the fold Published Fri, May 8, 2026 · 10:16 AM [NEW YORK] After layoffs and its worst quarterly sales in more than a decade, Converse’s top executive attempted to reassure his staff that the brand’s strategy will succeed. “I promise…
Read MoreSK Hynix flooded with unprecedented offers from big tech firms to secure chip supplies
Published Fri, May 8, 2026 · 10:03 AM [SEOUL/SINGAPORE] SK Hynix is being aggressively courted by big global tech firms with offers to invest in its new production lines and fund purchases of pricey manufacturing tools as they rush to secure memory chips, people familiar with the matter said. The offers, unprecedented in the global…
Read MoreCalifornia tech company Cloudflare to lay off more than 1,000 workers, cites AI
Cloudflare is laying off 20% of its staff, the latest technology company to announce big cuts as it uses more artificial intelligence-powered tools. The San Francisco web performance and cybersecurity company said it was getting rid of 1,100 people. “The way we work at Cloudflare has fundamentally changed,” Chief Executive Matthew Prince and Chief Operating…
Read MoreGold steady as US-Iran clashes dim truce prospects in Middle East
Higher rates and a stronger US currency are negative for bullion as it pays no interest and is priced in the greenback Published Fri, May 8, 2026 · 09:26 AM [SINGAPORE] Gold was steady as optimism that a deal to reopen the Strait of Hormuz was imminent faded following reports of attacks on US Navy…
Read MoreOCBC shares pare gains to close 0.2% up after Q1 profit beats estimates
[SINGAPORE] Shares of OCBC Bank rose as much as 3.1 per cent on Friday (May 8) after the bank reported better-than-expected first quarter profits – but pared almost all the gains by the close of trading. The counter climbed as high as S$22.56 within seconds of market open, adding S$0.68, with more than 1.7 million…
Read MoreCoinbase logs second straight quarterly loss as crypto trading momentum fades
Digital assets have lost their portfolio-hedge appeal, increasingly tracking broader financial markets and curbing cross-asset inflows Published Fri, May 8, 2026 · 09:11 AM [BENGALURU] Cryptocurrency exchange Coinbase Global on Thursday (May 7) recorded a second consecutive quarter of losses, as a crypto-driven market volatility sapped the company’s trading volumes during a period of broad…
Read MoreGlobal central banks boost their holdings of Malaysian sovereign bonds
The nation’s strong currency and stable economic growth have been a key allure for global investors Published Fri, May 8, 2026 · 08:37 AM FOREIGN central banks and governments have boosted their share of Malaysian sovereign bonds, underscoring the nation’s growing appeal as a reserve asset in a volatile global environment. The institutions owned 36…
Read MoreStocks to watch: OCBC, ST Engineering, Frasers Property
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 8): OCBC : The lender reported on Friday that net profit for the first quarter rose 5 per cent, driven by strong growth in wealth management. Net profit for the three months ended Mar 31, stood at S$1.97…
Read MoreStocks to watch: OCBC, ST Engineering, Frasers Property, Raffles Education
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 8): OCBC : The lender reported on Friday that net profit for the first quarter rose 5 per cent, driven by strong growth in wealth management. Net profit for the three months ended Mar 31, stood at S$1.97…
Read MoreFrasers Property H1 profit falls 37.8% to S$88.4 million on impairment loss
[SINGAPORE] Frasers Property posted a 37.8 per cent drop in net profit to S$88.4 million for its first half ended Mar 31, from S$142.2 million for the previous corresponding period. This was mainly due to a S$38.2 million impairment on an investment in Thailand, the real estate group said on Friday (May 8). Excluding a…
Read MoreCloudflare cuts workforce by 20% in ‘AI-first’ restructuring
Published Fri, May 8, 2026 · 07:38 AM [BENGALURU] Cloudflare said on Thursday (May 7) that it would lay off about 20 per cent of its workforce as part of a shift towards an “agentic AI-first operating model”, as the Internet services company restructures around artificial intelligence. Shares of Cloudflare fell 14 per cent in…
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