Posts by Liam Redmond
S&P 500, Nasdaq close at records on tech lift, Iran peace talk hopes
Published Sat, Apr 25, 2026 · 07:32 AM [NEW YORK] The S&P 500 and Nasdaq closed at record highs on Friday (Apr 24), bolstered by optimism for possible negotiations between the US and Iran to end their war and a surge in Intel shares that extended the rally in semiconductor stocks. Pakistani government sources said…
Read MoreEuropean stocks fall as investors await word of Iran peace talks
US shares have also been supported by artificial intelligence-driven earnings momentum in technology stocks Published Sat, Apr 25, 2026 · 07:22 AM [PARIS] European stocks fell as investors tracked developments around potential US-Iran peace talks amid a continued stand-off in the Strait of Hormuz. The Stoxx Europe 600 Index was 0.6 per cent lower by…
Read MoreFu Yu shareholders question board credentials amid governance turmoil
Directors’ nationalities and seeming lack of experience with SGX-listed companies are among their concerns [SINGAPORE] Shareholders of components manufacturer Fu Yu Corporation have raised concerns over the credentials and composition of the company’s board of directors, in the lead-up to its annual general meeting (AGM) on Apr 30. The questions come amid a governance dispute…
Read MoreMeta inks multibillion-dollar deal to use Amazon chips for AI
The deal is the latest Big Tech tie-up as the industry scrambles to secure sufficient processors to power AI models Published Fri, Apr 24, 2026 · 10:11 PM [SAN FRANCISCO] Amazon.com and Meta Platforms have struck a multibillion-US dollar deal for the social-media giant to rent hundreds of thousands of Amazon’s general-purpose chips for its…
Read MoreS&P 500, Nasdaq open higher on fresh hopes of US-Iran talks
Published Fri, Apr 24, 2026 · 09:45 PM [NEW YORK] The S&P 500 and the Nasdaq Composite rose on Friday (Apr 24) as renewed hopes for US-Iran negotiations to end the war lifted sentiment, while a surge in Intel shares added further support. The Dow Jones Industrial Average rose 10.0 points, or 0.02 per cent,…
Read MoreP&G warns of US$1 billion profit hit in fiscal 2027 from higher oil prices
P&G joins a host of global companies flagging significant cost pressures from the war in Iran Published Fri, Apr 24, 2026 · 09:41 PM [WASHINGTON] US consumer goods giant Procter & Gamble on Friday (Apr 24) warned of a roughly US$1 billion hit to its fiscal 2027 profit from surging oil prices, joining a host…
Read MoreiFast says it’s not a key beneficiary of crisis-driven inflows, flags risk from Middle East tensions
The fintech platform also unveils its planned CAGR at its AGM on Friday, but shareholders question the projections [SINGAPORE] Fintech platform iFast has said it has not had a meaningful uplift in inflows, despite the Middle East conflict having driven capital into major financial hubs such as Singapore, Hong Kong and London, where it operates.…
Read MoreGeely’s Caocao to deploy thousands of fully customised robotaxis in 2027
Large-scale delivery and deployment of the Eva Cab is expected in 2028 before the fleet expands to 100,000 by 2030: CEO of ride-hailing arm Published Fri, Apr 24, 2026 · 07:36 PM [BEIJING] Caocao, the ride-hailing arm of Chinese automaker Geely, plans to deploy thousands of robotaxis globally in 2027, its CEO said on Friday…
Read MoreCOE quota: Cat A falls 2%, Cat B rises 7% for May to July
[SINGAPORE] The supply of Certificates of Entitlement (COEs) for the May to July 2026 period will rise 1 per cent from the 18,824 in the previous quarter to 19,052, the Land Transport Authority (LTA) said on Friday (Apr 24). Bidding under this new quota will start on May 4. Category A COE applies to mainstream…
Read MoreNo prosecution for Seatrium over Brazilian corruption offences, High Court approves US$110 million penalty
This is the first deferred prosecution agreement approved by the Singapore court that involves a corporate entity [SINGAPORE] Seatrium will not face criminal prosecution in Singapore over corruption offences in Brazil after the High Court approved a deferred prosecution agreement in which the company will pay a net sum of US$57 million to local authorities.…
Read MoreSTI dips 0.4% as investors are concerned about war and inflation
[SINGAPORE] Singapore stocks ended lower on Friday (Apr 24) as geopolitics and inflation weigh on market sentiment. The benchmark Straits Times Index (STI) lost 0.4 per cent or 21.25 points to finish at 4,922.86. Yangzijiang Shipbuilding led the gainers on Singapore’s blue-chip index, rising 3.8 per cent or S$0.16 to end at S$4.33. The worst…
Read MoreWarburg Pincus-backed PDG taps Goldman for stake sale: sources
Other investment firms and industry players have shown interest in the data center operator Published Fri, Apr 24, 2026 · 06:21 PM [SINGAPORE] Singapore-based data centre operator Princeton Digital Group (PDG) has tapped Goldman Sachs Group to work on a strategic review that may result in a stake sale, according to people familiar with the…
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