Posts by Liam Redmond
Toyota 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…
Read MoreUAE’s Opec exit: Shockwaves will be felt beyond oil prices
Cartel crack-up reflects growing friction and regional rivalry between the Saudis and the Emiratis THE Iran war has already generated plenty of upheavals. On Apr 28 came yet another: the United Arab Emirates’ surprise announcement that it is quitting the Organisation of the Petroleum Exporting Countries. At first sight, the move seems curious for one…
Read MoreRoblox slashes annual bookings forecast as new safety features take their toll
ROBLOX cut its annual bookings forecast on Thursday (Apr 30), signalling that new safety initiatives may impact user growth and spending on its popular videogame platform, sending its shares down over 18 per cent in extended trading. The California-based company expects fiscal 2026 bookings of US$7.33 billion to US$7.6 billion, lower than its earlier forecast…
Read MoreMeta CEO Zuckerberg blames layoffs on capital spending, won’t rule out more job cuts
Published Fri, May 1, 2026 · 06:30 AM [NEW YORK] Meta chief executive Mark Zuckerberg attributed the Facebook parent’s planned layoffs to increased capital spending for AI, and declined to rule out further job cuts, in comments to employees at a company town hall on Thursday. “We basically have two major cost centres in the…
Read MoreApple sales forecast beats Wall Street expectations, shares rise
iPhone sales were held back in the quarter by supply constraints of advanced processor chips, says CEO Tim Cook Published Fri, May 1, 2026 · 06:14 AM [SAN FRANCISCO] Apple on Thursday (Apr 30) forecast sales that beat expectations, even as it said it expected to continue to face chip supply constraints, sending shares up…
Read MoreOil prices rise with no sign of an end to Iran war
Trump was scheduled to receive a briefing on Apr 30 on plans for a series of fresh military strikes on Iran Published Fri, May 1, 2026 · 05:58 AM — Updated Fri, May 1, 2026 · 04:46 PM [LONDON] Oil prices rose on Friday (May 1) as efforts to resolve the Iran war remained at…
Read MoreUS stocks: Wall Street ends higher, S&P 500, Nasdaq notch biggest monthly gains in years
Published Fri, May 1, 2026 · 05:44 AM [NEW YORK] US stocks advanced on Thursday and the S&P 500 and the Nasdaq logged their biggest monthly gains in years as solid corporate earnings offset the war-related oil supply shock that has rattled markets and sent crude prices to four-year highs. But oil prices eased and economic data…
Read MoreEuropean shares log biggest monthly gains in over a year
Published Fri, May 1, 2026 · 05:36 AM EUROPEAN shares jumped more than 1 per cent on Thursday and marked their biggest monthly gain in over a year, as investors were relieved by better-than-expected corporate earnings and hopes of a resolution to the US-Israeli war on Iran. The pan-European Stoxx 600 closed 1.4 per cent higher at…
Read MoreGoogle Cloud pulls ahead as Big Tech’s AI bet swells to US$700 billion
The company’s 63% revenue surge, its best growth yet, is far above estimates of 50.1% Published Thu, Apr 30, 2026 · 10:40 PM [CALIFORNIA] Alphabet’s blowout cloud growth has reset expectations in major tech companies, leaving investors to recalibrate which companies are delivering the clearest returns. All four of the US tech giants that reported…
Read MoreIrregular payments occurred during former group financial controller’s stint: Vin’s Holdings
The automotive group is probing transactions made with an entity controlled by a former key executive officer [SINGAPORE] Automotive group Vin’s Holdings on Thursday (Apr 30) said that a series of irregular transactions occurred entirely during the tenure of its former group financial controller (GFC) Koit Ven Jee, also known as Jamie. It was responding…
Read MoreS&P 500, Nasdaq open higher as earnings optimism overshadows Middle East woes
Published Thu, Apr 30, 2026 · 09:46 PM [NEW YORK] The S&P 500 and the Nasdaq opened higher on Thursday (Apr 30) as investors drew comfort from strong earnings, even as fears about an escalation in the Middle East conflict deepened. The S&P 500 rose 25.8 points, or 0.36 per cent, at the open to…
Read MoreBank of England holds rates as officials consider hikes ahead
The Monetary Policy Committee (MPC) voted 8-1 in favour of leaving the benchmark rate at 3.75% Published Thu, Apr 30, 2026 · 09:25 PM [LONDON] The Bank of England (BOE) kept interest rates on hold with several policymakers saying they might consider future hikes, just as oil prices soared within reach of the central bank’s…
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