Posts by Liam Redmond
CDL 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…
Read MoreMeta shares plunge on escalating concerns over AI spending spree
To offset its AI spending, the company has recently imposed a number of cost-cutting measures Published Thu, Apr 30, 2026 · 08:09 AM [SAN FRANCISCO] Meta Platforms shares slid after the company raised its spending outlook for the year, reigniting fears that the historic levels of investment it’s making to catch up in the artificial…
Read MoreAmazon reports higher spending to fuel cloud unit sales
The company has shuttered its Fresh grocery markets and cashierless Go convenience stores during the quarter Published Thu, Apr 30, 2026 · 07:27 AM [WASHINGTON] Amazon.com spent more than anticipated to expand data centre capacity in the quarter, fuelling the fastest sales growth for its cloud unit in more than three years. The company said…
Read MoreMicrosoft cloud growth fails to ease investors’ AI concerns
Twenty million customers are now paying for Copilot, the company’s flagship AI application, up from 15 million in the prior quarter Published Thu, Apr 30, 2026 · 07:08 AM [SAN FRANCISCO] Microsoft’s cloud business reported growth that narrowly beat analysts’ estimates, disappointing investors concerned that the company is not fully capitalising on demand for artificial…
Read More‘We’re not a bubble tea brand’: Chagee aims to double Asia-Pacific footprint to 600 stores by 2027
Localisation and securing prime store locations are key priorities as the brand expands in the region, says its Apac CMO [SINGAPORE] Global Chinese tea chain Chagee is aiming to double its store count in the Asia-Pacific (Apac) to 600 over the next year, as it seeks to modernise the tea-drinking experience for the 21st century.…
Read MoreAlphabet sales beat estimates on Google cloud, AI customers
The company has been spending billions on a plan to build enough data centres with powerful servers for itself and its cloud clients as fast as possible Published Thu, Apr 30, 2026 · 06:50 AM [SAN FRANCISCO] Alphabet reported quarterly revenue and profit that beat projections, fuelled by strong growth in its cloud computing unit,…
Read MoreDivided Fed officials hold rates; Powell to stay as governor
Jerome Powell, whose term as chair ends May 15, can remain in his board seat until January 2028 Published Thu, Apr 30, 2026 · 06:04 AM [NEW YORK] US Federal Reserve officials left interest rates unchanged, but revealed a deepening division over the outlook for policy amid increased uncertainty caused by the conflict in the…
Read MoreChina succeeds in adding renminbi pricing to BHP iron ore contracts
For global miners, it means securing access to their biggest customer entails conceding ground on how prices are set Published Wed, Apr 29, 2026 · 10:29 PM [LONDON/SINGAPORE] China has struck a deal with Australian mining giant BHP Group to price more of its iron ore in renminbi. This is a big step forward in…
Read MoreWall St mixed at open ahead of Big Tech earnings, Fed meeting
Published Wed, Apr 29, 2026 · 09:44 PM [NEW YORK] Wall Street’s main indexes were mixed at the open on Wednesday (Apr 29) as investors treaded carefully ahead of several Big Tech earnings reports and a Federal Reserve meeting expected to be the last for Jerome Powell as its Chair. The Dow Jones Industrial Average…
Read MoreStarhill Global Reit Q3 NPI flat at S$37.9 million
[SINGAPORE] The manager of Starhill Global real estate investment trust (Reit) posted a net property income (NPI) of S$37.9 million for the third quarter ended Mar 31, unchanged from the previous corresponding period. The performance was supported by stronger contributions from Ngee Ann City in Singapore and Lot 10 in Kuala Lumpur, as well as…
Read MoreHong Kong airport raises HK$19 billion amid local-debt boom
Published Wed, Apr 29, 2026 · 08:53 PM [HONG KONG] Hong Kong’s airport operator raised HK$19 billion (S$3.1 billion) from what is expected to be its only public bond sale this year. This added to a surge in debt sales denominated in the city’s currency. The Airport Authority sold three, five and 10-year bonds in…
Read MoreChina suspends autonomous driving permits after Baidu outage
The halt comes as a setback to a fast-growing industry that is estimated to be worth 83.1 billion yuan by 2030 Published Wed, Apr 29, 2026 · 08:32 PM [BEIJING] China has suspended issuing new licences for autonomous vehicles, according to people familiar with the matter, after dozens of Baidu’s Apollo Go robotaxis suddenly stopped…
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