Posts by Liam Redmond
Warren Buffett has stepped aside. Berkshire is now Greg Abel’s show
Conglomerate’s size, cash pose challenges for new CEO; stock has significantly lagged S&P 500 since the ‘Oracle of Omaha’ announced departure [OMAHA, Nebraska] Berkshire Hathaway shareholders making the pilgrimage to Omaha, Nebraska, for the conglomerate’s annual shareholder weekend will find much that looks familiar. Discount shopping. The 5K run. Tens of thousands of like-minded investors…
Read MoreWarren Buffett has stepped aside. Berkshire Hathaway is now Greg Abel’s show
Conglomerate’s size, cash pose challenges for new CEO; stock has significantly lagged S&P 500 since ‘Oracle of Omaha’ announced his departure [OMAHA, Nebraska] Berkshire Hathaway shareholders making the pilgrimage to Omaha, Nebraska, for the conglomerate’s annual shareholder weekend will find much that looks familiar. Discount shopping. The 5K run. Tens of thousands of like-minded investors…
Read MoreANZ Bank’s profit tops estimates on CEO turnaround strategy
Published Fri, May 1, 2026 · 01:26 PM ANZ Group Holdings’ first-half profit surpassed analysts’ estimates on signs of improvement with the bank’s overhaul by chief executive officer Nuno Matos as investors push for more progress at the Australian bank. Cash profit from continuing operations climbed to A$3.78 billion (S$3.5 billion) in the six months…
Read MoreIndonesia to cut ride-hailing companies’ maximum commission taken from drivers to 8%
Published Fri, May 1, 2026 · 12:08 PM [JAKARTA] Indonesia will cut the caps on the commissions that ride-hailing companies take from drivers for each trip to 8 per cent from 20 per cent, President Prabowo Subianto said on Friday in Jakarta. Prabowo said he signed a presidential regulation which was the basis for the…
Read MoreGold heads for weekly loss on oil-driven inflation concerns
Published Fri, May 1, 2026 · 11:24 AM GOLD was steady in thin trading on Friday, but was on course for a weekly decline as higher oil prices fuelled inflation worries and expectations of higher-for-longer interest rates. Spot gold was steady at US$4,620.57 per ounce, as of 0248 GMT, but was on track for a…
Read MoreSandisk has thumping quarter on AI boom, secures long-term contracts and unveils big buyback
Published Fri, May 1, 2026 · 10:39 AM [SAN FRANCISCO] Memory chip maker Sandisk on Thursday reported soaring revenue and profit while predicting another rosy quarter, adding it has signed long-term contracts worth at least US$42 billion to help it counter any extreme price cycles. It also said it would embark on a US$6 billion…
Read MoreJapan warns of speculative yen moves, signals chance of more intervention
Published Fri, May 1, 2026 · 09:11 AM [TOKYO] Japan’s top currency diplomat Atsushi Mimura said on Friday that speculative moves persist in markets, a clear signal that Tokyo stands ready to intervene to shore up the yen. “I won’t comment on what we’ll do ahead. But I will tell you that Japan’s Golden Week…
Read MoreYen jumps sharply as Japan warns it is ready to intervene again
Tokyo’s ramped-up rhetoric comes as the yen stays under pressure from wide US-Japan interest rate gaps Published Fri, May 1, 2026 · 09:11 AM — Updated Fri, May 1, 2026 · 06:37 PM [TOKYO] Japan’s yen jumped in a sharp move on Friday (May 1) as the country’s top foreign exchange diplomat warned that Tokyo was ready to step…
Read MoreBank collusion probe in Archegos meltdown closes without charges in US
Published Fri, May 1, 2026 · 08:46 AM THE US Justice Department has closed a criminal antitrust probe into whether banks illegally coordinated their responses to the unraveling of Bill Hwang’s family office Archegos without bringing charges, according to people familiar with the matter, ending a years-long chapter of government scrutiny into an implosion that rocked Wall…
Read MoreFitch warns US debt burden is ‘far above’ other AA rated nations
Published Fri, May 1, 2026 · 08:00 AM FITCH Ratings is warning the US’s credit grade faces the challenges of a widening deficit that leaves its debt burden “far above” other nations that share its AA score. Deterioration is likely in the US fiscal position this year due to tax cuts in the One Big…
Read More3 in 5 Singapore travellers rethinking travel plans over flight prices: Skyscanner report
Most remain certain about their ability to travel abroad in the next three months [SINGAPORE] Close to three in five (59 per cent) Singapore travellers said flight prices have made them reconsider their travel plans in 2026, according to global travel app Skyscanner. Despite this, 60 per cent of Singapore travellers remain confident about their…
Read MoreToyota to build three assembly plants in India’s Maharashtra: Nikkei
Published Fri, May 1, 2026 · 07:38 AM — Updated Fri, May 1, 2026 · 01:13 PM TOYOTA Motor plans to build three vehicle assembly plants in the western Indian state of Maharashtra as automakers shift focus from stagnating markets like the US and China to emerging ones, the Nikkei newspaper reported on Friday. The…
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