Posts by Liam Redmond
Boeing posts smaller-than-expected quarterly loss as recovery gains traction
Published Wed, Apr 22, 2026 · 09:06 PM [SEATTLE] Boeing on Wednesday (Apr 22) reported a much smaller first-quarter loss than analysts expected, a sign of continued operational recovery after the Covid-19 pandemic and years of crises that dented its reputation and left it with a mountain of debt. The aerospace giant posted a US$7…
Read MoreMoody’s profit rises on strong analytics growth, lifts annual forecast
Published Wed, Apr 22, 2026 · 08:39 PM [NEW YORK] Ratings agency Moody’s reported a rise in first-quarter profit on Wednesday (Apr 22), driven by strong demand for its research and analytics products, and raised its 2026 earnings forecast. Strong bond issuance helped support Moody’s ratings business, but investors remain cautious as borrowing activity faces…
Read MoreOiltek to ‘actively review’ capital structure after stock-split query
It responds after shareholder points out current high cost of agritech firm’s shares may ‘dampen market participation and trading momentum’ [SINGAPORE] Agritech firm Oiltek said on Wednesday (Apr 22) that it would continue to “actively review” its capital structure to support market participation, after a shareholder asked if it had plans to effect a stock…
Read MoreThree directors linked to CDL boardroom tussle quit hotel unit’s board
The three directors were involved in CDL’s high-profile boardroom tussle last year [SINGAPORE] Three independent non-executive directors of City Developments Limited (CDL) – who were also involved in last year’s high-profile boardroom tussle between executive chairman Kwek Leng Beng and his son, group chief executive Sherman Kwek – have resigned from the board of the…
Read MoreTencent, Alibaba in talks to invest in DeepSeek at over US$20 billion valuation: The Information
AI fundraising highlights the intense capital needed to build and run top-tier models Published Wed, Apr 22, 2026 · 08:09 PM [BENGALURU] Chinese tech giants Tencent Holdings and Alibaba Group are in discussions to invest in artificial intelligence startup DeepSeek, The Information reported on Wednesday (Apr 22), citing four people with knowledge of the conversations.…
Read MoreDFI beats Q1 estimates, but analysts warn of moderating growth
Growth in all its businesses keeps the retail chain on track to attaining analysts’ FY2026 profit estimates [SINGAPORE] Analysts maintained their buy on DFI Retail Group after the Asian retailer’s Q1 results beat their expectations, although at least one analyst warned that the conglomerate’s growth could moderate in the coming quarters. The counter was the…
Read MoreApple’s next era: After Tim Cook’s dream run, new CEO has to help the company catch up
Tim Cook had a lot to prove when Apple co-founder Steve Jobs handed over the reins as chief executive nearly 15 years ago. Jobs was known as a creative visionary, a fiery innovator who launched the iPhone and other iconic products. While some naysayers doubted Cook could carry the brand forward, he has proven them…
Read MoreKeppel Reit’s equity fundraising exercise may dilute DPU despite improved Q1 earnings: analysts
CGSI cuts its target price on a lower distribution per unit forecast, while RHB lifts its projections [SINGAPORE] Analysts were mixed on the outlook for Keppel Real Estate Investment Trust (Reit) despite improvements in its first-quarter earnings, as they flagged the dilutive impact of its recent equity fundraising exercise on distribution per unit (DPU). CGS…
Read MoreAberdeen sees £2.9 billion outflows as volatility jolts markets
Published Wed, Apr 22, 2026 · 04:47 PM [LONDON] Aberdeen Group reported another quarter of net outflows as volatility sparked by the US-Iran war rippled across global markets. Clients pulled a net £2.9 billion (S$5 billion) in the first three months of the year, compared with £2.5 billion in the previous quarter, according to a…
Read MoreJapan’s Nikkei rises to record closing high on tech boost
Published Wed, Apr 22, 2026 · 03:17 PM [TOKYO] Japan’s Nikkei share average rose for a third consecutive session and hit a record closing high on Wednesday (Apr 22), supported by heavily weighted tech stocks, though uncertainty over US-Iran peace talks tempered sentiment. The Nikkei closed up 0.4 per cent at 59,585.86 in a choppy…
Read MoreVicom CFO Mary Lee to retire, Chung Tying Chun to be deputy CEO
The successor for Lee, 66, has not yet been identified, said the vehicle inspection company [SINGAPORE] Vicom’s chief financial officer (CFO), Mary Lee, is set to step down and retire at the end of the year after 14 years in her role. The successor for Lee, 66, has not yet been identified, said the vehicle…
Read MoreBlackstone’s AirTrunk plans its first data centre-backed bond
The company operates data centres in Australia, Hong Kong, Japan, Malaysia and Singapore Published Wed, Apr 22, 2026 · 01:08 PM [SYDNEY/SINGAPORE] Blackstone-owned data centre operator AirTrunk is looking to raise at least A$500 million (S$456 million) through asset-backed bonds, according to sources familiar with the matter, in what may be one of Asia’s first…
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