Posts by Liam Redmond
Tech counters Venture, CSE Global up over 7% after strong Q1 updates
Venture shares reach as high as S$17.84, while CSE shares are up as high as S$1.46 [SINGAPORE] Shares of technology companies Venture Corporation and CSE Global climbed strongly on Wednesday (May 6) after positive first quarter updates the previous evening. Shares of high-tech manufacturing and research and development player Venture rose as much as 8.3…
Read MoreAnthropic commits to spending US$200 billion on Google’s cloud and chips: report
Alphabet is also investing up to US$40 billion in the artificial intelligence startup Published Wed, May 6, 2026 · 08:33 AM [BENGALURU] Anthropic has committed to spend US$200 billion with Google Cloud over five years as part of a recent agreement, The Information reported on Tuesday (May 5), citing a source with knowledge of the…
Read MoreAnalysts still positive on Mapletree Logistics Trust despite forex, rental headwinds
OCBC upgrades MLT to ‘buy’ but cuts fair value estimate; CGSI trims target price but maintains ‘add’ call [SINGAPORE] Analysts were mixed on Mapletree Logistics Trust (MLT) , citing divergent forecasts after it posted a lower fourth-quarter distribution per unit (DPU) last week. OCBC Group Research on Tuesday (May 5) upgraded MLT to a “buy”…
Read MoreAMD forecasts quarterly revenue above expectations as AI chip demand stays strong
Unlike Intel, the company outsources its manufacturing to contract chipmakers such as TSMC Published Wed, May 6, 2026 · 06:25 AM [BENGALURU] Advanced Micro Devices (AMD) forecast second-quarter revenue above Wall Street expectations on Tuesday (May 5), helped by keen demand for its data-centre chips as cloud computing companies accelerate spending on artificial-intelligence infrastructure. Shares…
Read MoreEuropean shares rise on positive earnings bump; focus on Middle East tensions
High oil prices are weighing heavily on energy-dependent Europe, stoking inflation fears Published Wed, May 6, 2026 · 05:32 AM [BENGALURU] European shares recovered modestly on Tuesday (May 5) after slumping in the previous session as a rally in technology stocks and a slate of upbeat corporate earnings provided support, though signs of an escalation…
Read MoreUS stocks: Wall Street rebounds as oil drops despite Middle East tensions
Published Tue, May 5, 2026 · 10:46 PM WALL Street’s main indexes recovered on Tuesday as oil prices fell despite renewed Middle East tensions that threatened to upend a fragile truce after the US and Iran exchanged fire in the Gulf. Markets have been volatile, caught between heightened geopolitical tensions and a strong domestic backdrop…
Read MorePayPal plans job cuts as its new CEO pursues turnaround strategy
Published Tue, May 5, 2026 · 08:58 PM PAYPAL plans to cut costs and jobs as new chief executive officer Enrique Lores seeks to turn around the payments company that’s faced stiff competition in recent years. PayPal is seeking to realise at least US$1.5 billion in savings over the next two to three years, according…
Read MoreCoinbase to cut 14% of workforce, citing volatile markets and AI
The layoffs is the latest in a string of workforce reductions across the crypto and payments sectors Published Tue, May 5, 2026 · 08:43 PM CRYPTO exchange Coinbase Global will cut around 14 per cent of its workforce, citing a need to manage costs in volatile markets and technological advances in artificial intelligence. The company…
Read MoreParagon deal: Why investors should get ready for more Reit mergers and take-private offers
In a less-conducive operating backdrop, smaller Reits may be weeded out, as larger ones play the role of consolidators THE most prosaic observation about the purchase of Paragon by CapitaLand Integrated Commercial Trust (CICT) from Cuscaden Peak may also be the most profound: Among real estate investment trusts (Reits), the biggest players have an unbeatable…
Read MoreCenturion Accommodation Reit’s Q1 NPI of S$37.5 million exceeds expectations
Revenue is 2.7% higher than the projected S$51.1 million; better-than-expected results due to higher occupancy and rental rates [SINGAPORE] The manager of on Tuesday (May 5) posted net property income of S$37.5 million for the first quarter ended Mar 31. This is up 2.4 per cent from its prospectus forecast of S$36.6 million, according to…
Read MoreKKR profits rise on growing assets, deals pick up pace in first quarter
Published Tue, May 5, 2026 · 08:13 PM KKR earned higher fees from managing a growing pile of assets and it benefited from a pick-up in deals in the first quarter, the buyout firm said on Tuesday. Shares of the company were up about 1 per cent in trading before the bell. The New York-based…
Read MoreMeta to expand teen safeguards to 27 EU countries, Facebook safeguards in June
Published Tue, May 5, 2026 · 07:55 PM [BRUSSELS] Meta Platforms will expand technology safeguards for teen accounts to 27 European Union countries and to Facebook in the United States, the US tech giant said on Tuesday, as it seeks to fend off criticism regarding its efforts protecting teenagers online. Tech companies are coming under…
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