Posts by Liam Redmond
Australia’s AirTrunk to invest US$3 billion in two new Malaysian data centres
Published Thu, Apr 30, 2026 · 11:29 AM [SYDNEY] Australia’s AirTrunk said on Thursday (Apr 30) that it will invest US$3 billion to build two hyperscale data centres in Malaysia, doubling its existing business in the country. The two data centres, to be located in Johor Bahru, will have a combined capacity of more than…
Read MoreSamsung’s chip profit soars 48-times due to AI spending frenzy
The results reflect massive spending by hyperscalers, with both Meta Platforms and Alphabet planning to plough even bigger sums into AI infrastructure Published Thu, Apr 30, 2026 · 11:16 AM [SEOUL] Samsung Electronics’s semiconductor arm beat expectations with a 48-times jump in profit after artificial intelligence’s reliance on memory delivered hefty margins. The results reflect…
Read MoreAIA’s new business value climbs in first quarter on strong Hong Kong, China demand
Published Thu, Apr 30, 2026 · 11:02 AM [BENGALURU] Asia-focused insurer AIA Group reported a 13 per cent jump in first-quarter value of new business on Thursday (Apr 30) while shrugging off concerns of volatility in global capital markets amid current geopolitical tensions. AIA’s VONB, which gauges expected profits from new premiums and is a…
Read MoreDBS shares up 3.4%, touch two-month high on estimate-beating Q1 earnings
Its S$2.93 billion Q1 earnings beat the consensus forecast in a Bloomberg survey of six analysts [SINGAPORE] Shares of DBS touched a two-month peak on Thursday (Apr 30) after Singapore’s largest lender posted higher earnings for its first quarter ended Mar 31. The counter rose to S$59 as at 9.05 am, its highest price in…
Read MoreAlphabet, Amazon outpace Meta in AI during earnings bonanza
A key question among investors and analysts is whether that massive spending is providing tangible results Published Thu, Apr 30, 2026 · 10:14 AM [SEATTLE] A frenzied day of earnings reports offered a glimpse at how some of the world’s biggest tech companies are doing in artificial intelligence. The upshot: Alphabet’s Google is seeing a…
Read MoreHong Kong’s local debt market becomes surprise funding hotspot
The city’s appeal as a safe haven amid turmoil in the Middle East and other regions has helped fuel the recent activity Published Thu, Apr 30, 2026 · 09:56 AM [HONG KONG] Hong Kong’s once-quiet local currency bond market is quickly becoming one of Asia’s hottest funding venues, as corporate issuers seek stability in a…
Read MoreGold holds three-day decline as hawkish Fed flags inflation risk
Bullion is set for a second monthly decline in April, as the conflict in the Middle East sends energy prices soaring Published Thu, Apr 30, 2026 · 08:52 AM [SINGAPORE] Gold held a three-day loss after a divided Federal Reserve kept US interest rates steady and said the war in Iran was clouding the economic…
Read MoreGold rebounds as US-Iran war concerns revive safe haven appeal
Bullion is set for a second monthly decline in April, as the conflict in the Middle East sends energy prices soaring Published Thu, Apr 30, 2026 · 08:52 AM — Updated Thu, Apr 30, 2026 · 07:25 PM [SINGAPORE] Gold bounced back from a three-day decline, as traders weighed an Axios report that US President…
Read MoreOpec+ likely to agree another oil output hike without UAE: sources
Published Thu, Apr 30, 2026 · 08:40 AM [LONDON] Opec+ will likely agree a small oil output quota hike on Sunday (May 3) despite the loss of the lion’s share of its exports due to the US-Israeli war with Iran and the exit of a key member, the United Arab Emirates, three sources with knowledge…
Read MoreStocks to watch: DBS, Wilmar, Sheng Siong, Starhill Global Reit, CDLHT, CDL, Lum Chang Creations
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Apr 30): DBS : The lender posted a net profit of S$2.93 billion for its first quarter ended Mar 31, up 1 per cent from S$2.9 billion in the year-ago period. The earnings beat the S$2.88 billion consensus forecast…
Read MoreAnthropic considering funding offers at over US$900 billion value
The Claude maker has been on the hunt for more infrastructure to meet growing demand for its products Published Thu, Apr 30, 2026 · 08:25 AM [SAN FRANCISCO] Anthropic has begun weighing a fresh funding round that would value the artificial intelligence (AI) developer at more than US$900 billion, according to sources familiar with the…
Read MoreCDL Hospitality Trusts Q1 NPI rises 10.4% to S$33.1 million
[SINGAPORE] Net property income (NPI) for CDL Hospitality Trusts (CDLHT) was up 10.4 per cent at S$33.1 million for the first quarter ended Mar 31, from S$30 million in the same year-ago period. Revenue increased by 5.9 per cent on the year to S$67.1 million in Q1, driven by “broad-based growth” across a majority of…
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