Posts by Liam Redmond
Li 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…
Read MoreArm forecasts higher-than-expected revenue on surging AI data centre demand
The company generates revenue by licensing its technology to companies such as Nvidia and Apple Published Thu, May 7, 2026 · 07:53 AM [BENGALURU] Arm Holdings forecast first-quarter revenue above Wall Street expectations on Wednesday (May 6), benefiting from higher adoption of its chip technology as tech companies spend heavily on artificial intelligence compute. Arm…
Read MoreOil prices slide on reports US and Iran are nearing peace agreement
Published Thu, May 7, 2026 · 07:00 AM [NEW YORK] Oil prices fell sharply to two-week lows on Wednesday (May 6) as optimism grew about a possible end to the war in the Middle East, with reports the US and Iran were nearing an initial peace deal. Brent crude futures settled US$8.60, or 7.83 per…
Read MoreS&P 500 and Nasdaq notch records; AMD results spark AI stock rally
Wall Street has surged in recent weeks, with investors looking beyond the Middle East conflict Published Thu, May 7, 2026 · 05:47 AM [BENGALURU] The S&P 500 and the Nasdaq surged to record-high closes on Wednesday (May 6), buoyed by signs of a resolution in the Middle East conflict, while strong earnings from Advanced Micro…
Read MoreIf you’re an iPhone user, you could get $95 from this Apple settlement
Some iPhone users could be eligible to collect up to $95 per device as part of a settlement over allegations that Apple misled consumers about the abilities of its artificial intelligence-powered features. This week, Apple said it reached a $250-million settlement to resolve class-action lawsuits filed against the Cupertino smartphone maker last year. The lawsuits…
Read MoreUS stocks: S&P 500, Nasdaq hit record highs on AI optimism, Middle East peace hopes
Published Wed, May 6, 2026 · 11:26 PM THE S&P 500 and the Nasdaq hit record highs on Wednesday, extending their strong run powered by sustained enthusiasm around artificial intelligence and the prospect of a US-Iran peace agreement. The latest round of AI frenzy came after Advanced Micro Devices forecast second-quarter revenue above expectations, on…
Read MoreTed Turner, outspoken founder of CNN, dies at 87
The media mogul made philanthropic history by donating US$1 billion to the UN Source link
Read MoreGlobal watchdog FSB unveils action plan on private-credit risks
It says ‘significant data challenges’ are frustrating its effort to assess vulnerabilities in the market Published Wed, May 6, 2026 · 09:41 PM [BASEL] The world’s top financial-stability watchdog unveiled a tentative plan to tame private-credit risk, as escalating warnings by bankers and policymakers about potential dangers collide with a political push towards deregulation. The…
Read MoreVin’s Holdings secures settlement, partial repayment of S$44,300 from ex-employee
This is related to irregular transactions by a former key executive that was disclosed in April [SINGAPORE] Automotive group Vin’s Holdings announced on Wednesday (May 6) that it has secured a S$44,300 settlement from an unnamed former employee, after a probe over irregular payments. The recovery comes after the Catalist-listed group disclosed in April that…
Read MorePandora CEO says US consumer divide growing even as sales beat expectations
The company’s chief executive is grappling with weak consumer sentiment in its core market amid the Iran war Published Wed, May 6, 2026 · 08:08 PM [LONDON] Jewellery brand Pandora said an unwillingness to spend by mid to lower-income shoppers pushed down comparable sales by 2 per cent in North America. Its new CEO, Berta…
Read MoreDisney earnings beat estimates as new CEO outlines growth strategy
Published Wed, May 6, 2026 · 07:44 PM [LOS ANGELES] Walt Disney exceeded Wall Street’s quarterly earnings estimates on Wednesday (May 6) as streaming and theme park revenue rose, and new chief executive Josh D’Amaro reiterated that the company expected growth to accelerate in the second half of the fiscal year. The entertainment giant reported adjusted earnings-per-share…
Read MoreSats acquires additional 40% stake in China aviation meal producer for 312.6 million yuan
The move will let the group capitalise on Chinese airlines’ increasing adoption of frozen food [SINGAPORE] Cargo handler and in-flight caterer Sats on Wednesday (May 6) said it will acquire an additional 40 per cent stake in China’s leading frozen aviation meal manufacturer for 312.6 million yuan (S$58 million). This brings Sats’ total shareholding in…
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