Posts by Liam Redmond
US 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…
Read MorePrada first-quarter revenue rises 3%, driven by sales in Americas region
Group earnings are 1.3 billion euros, below analysts’ consensus of 1.4 billion euros Published Thu, Apr 30, 2026 · 08:50 PM [MILAN] Revenues at Italian luxury group Prada rose 3 per cent at constant exchange rates in the first quarter, excluding the contribution of Versace. This was driven by double-digit sales growth in the Americas,…
Read MoreMastercard profit climbs on steady transaction volumes
Published Thu, Apr 30, 2026 · 08:31 PM [WASHINGTON] Mastercard posted a jump in first-quarter profit on Thursday (Apr 30) as resilient consumer spending ensured sustained transaction volumes on its network. Its net income climbed to US$3.9 billion, or US$4.35 per share, in the quarter, compared with US$3.3 billion, or US$3.59 per share, a year…
Read MorePrices of Nvidia’s B300 server at 7 million yuan in China on US curbs: sources
This is due to a crackdown on chip smuggling which has dried up black-market supply Published Thu, Apr 30, 2026 · 07:44 PM [BEIJING] Strong demand for artificial intelligence computing equipment in China has nearly doubled prices for Nvidia’s B300 servers to about seven million yuan (S$1.3 million) each, industry sources said. This comes as…
Read MoreParkway Life Reit Q1 DPU up 15.1% at S$0.0442 on higher Singapore hospital rents
Revenue falls 2.1% to S$38.2 million, dragging net property income down 2.7% to S$35.8 million [SINGAPORE] Parkway Life Real Estate Investment Trust (Reit) on Thursday (Apr 30) reported a 15.1 per cent rise in first-quarter distribution per unit (DPU) to S$0.0442, from S$0.0384 in the year-ago period. Distributable income stood at S$28.8 million, up 15.1…
Read MoreAstraZeneca invests £300 million in UK in boost for Starmer
The investment includes a new building at the British drugmaker’s headquarters in Cambridge Published Thu, Apr 30, 2026 · 07:08 PM [LONDON] AstraZeneca will invest £300 million (S$517.8 million) in UK life sciences, an unexpected show of confidence in its home country after previously warning the pharmaceutical industry there risks stagnating. The investment includes a…
Read MorePSA wins bid for investment in Xiamen port
[SINGAPORE] Temasek-owned port operator PSA International on Thursday (Apr 30) announced that it bagged an investment in Xiamen Container Terminal Group (XCTG) through an official public bidding process. The transaction, subject to regulatory approvals and customary closing conditions, expands PSA’s investments in Xiamen and Fuzhou in China’s Fujian province. PSA did not disclose the investment…
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