Posts by Liam Redmond
European shares pause as markets watch Middle East peace prospects; earnings on tap
Published Thu, May 7, 2026 · 03:51 PM EUROPEAN shares were steady on Thursday, after a sharp rally in the previous session, with investors holding on to optimism that a US-Iran peace deal was close, while parsing through corporate results. The pan-European Stoxx 600 was muted at 623.56 points, as of 0703 GMT. Major regional…
Read MoreAmazon cuts Singapore workforce as it phases out local fulfilment including Amazon Fresh
This comes amid ‘strong demand for products from international stores’ from consumers in the Republic [SINGAPORE] Amazon is cutting roles in Singapore as it ramps up expanding its international store selection in the city-state, it said in a post on its website on Thursday (May 7). The Business Times understands that less than 10 per…
Read MoreAirAsia to start new airline, stays defiant on fuel hedging
To help fund expansion, AirAsia is preparing to sell as much as US$600 million in bonds Published Thu, May 7, 2026 · 03:24 PM AIRASIA X co-founder Tony Fernandes said he is preparing to launch a new airline, betting that expanding while the aviation industry’s being roiled by high oil prices will pay off in…
Read MoreBank Negara Malaysia holds key rate steady, flags risks from Middle East crisis
The latest indicators show the country’s Q1 growth momentum continues, driven by domestic demand and strong exports Published Thu, May 7, 2026 · 03:17 PM — Updated Thu, May 7, 2026 · 04:46 PM [KUALA LUMPUR] Malaysia’s central bank on Thursday (May 7) held its benchmark interest rate steady, warning of risks to domestic growth…
Read MoreShell’s profit beats expectations at US$6.9 billion, raises dividend by 5%
The company cuts the pace of its quarterly share buyback programme to US$3 billion from US$3.5 billion Published Thu, May 7, 2026 · 02:41 PM — Updated Thu, May 7, 2026 · 03:56 PM [LONDON] Shell’s first-quarter profit beat estimates and hit its highest in two years at US$6.9 billion on Thursday (May 7), boosted…
Read MoreShell’s profit beats expectations at US$6.9 billion, cuts share buybacks
Oil and gas output falls 4% compared with the previous quarter due to the Iran war Published Thu, May 7, 2026 · 02:41 PM [LONDON] Shell’s first-quarter adjusted earnings, its definition of net profit, rose to US$6.92 billion, the company said on Thursday (May 7), beating an analyst consensus of US$6.36 billion in a company-provided…
Read MoreHumanoid robots to power next leg of China’s export dominance
Like with EVs, the Asian nation is building out capacity across the robotics supply chain Published Thu, May 7, 2026 · 01:50 PM [SYDNEY] China’s early lead in humanoid robots will help power the next phase of its global manufacturing and export dominance, according to new research from Morgan Stanley. Much like the early identification…
Read MoreRBNZ’s frequent remit adjustments risk policy error, OECD warns
The central bank has provisionally forecast inflation will rise to 4.2% in the current quarter Published Thu, May 7, 2026 · 12:33 PM [WELLINGTON] New Zealand should reconsider how frequently it adjusts the Reserve Bank of New Zealand’s (RBNZ) remit because it raises the risk of monetary policy mistakes, according to the Organisation for Economic…
Read MoreAustralia requires LNG exporters to reserve 20% of gas for east coast market
The scheme will apply from July next year and replace a range of current gas market interventions Published Thu, May 7, 2026 · 12:04 PM [SYDNEY] The Australian government said on Thursday (May 7) energy producers must reserve 20 per cent of their natural gas for the domestic market on the country’s east coast to…
Read MoreHongkong Land shares up 3.6% after report of Marina One bid
[SINGAPORE] Shares of Hongkong Land rose 3.6 per cent on Thursday (May 7), after a Bloomberg report that it and CapitaLand were among possible bidders for the Marina One high-rise complex. The counter reached a high of US$8.26 as at 10.14 am, adding US$0.29, with more than one million shares changing hands. Marina One owner…
Read MoreYen spikes to 10-week high and sparks intervention chatter
Japan has 30-intervention firepower but will wait for better timing to save reserves Published Thu, May 7, 2026 · 09:57 AM [TOKYO] Sharp moves in the Japanese yen that sent the currency to a 10-week high renewed speculation that the country is intervening in the market. The yen surged about 1.8 per cent in the…
Read MoreLi Ka-shing plans more telecom sales in ‘cash is king’ strategy
Published Thu, May 7, 2026 · 08:52 AM [HONG KONG] CK Hutchison is considering further sales of telecommunication assets following the US$5.8 billion disposal of its UK mobile business, as it seeks to exit a sector that’s become increasingly competitive and expensive, according to sources familiar with the matter. The Hong Kong-based conglomerate founded by…
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