Posts by Liam Redmond
European shares snap eight-month winning streak as Middle East conflict weighs
Published Wed, Apr 1, 2026 · 06:06 AM EUROPEAN stocks ended Tuesday with their steepest monthly decline in nearly four years, underscoring the degree to which the Middle East conflict has shaken regional equities. The pan-European Stoxx 600 index fell 8 per cent in March, snapping an eight-month run of gains and posting its biggest monthly loss…
Read MoreMcCormick acquires Unilever food arm in US$44.8 billion merger
UNILEVER agreed to combine its food business with spice maker McCormick & Co. in a US$44.8 billion deal that will create a global seasonings, sauces and condiments company. Under the agreement, McCormick will pay US$15.7 billion in cash and the equivalent of US$29.1 billion in shares for most of Unilever’s food business. That will leave Unilever and its shareholders…
Read MoreUS stocks: Wall Street soars as traders bet on potential war off-ramp
Published Wed, Apr 1, 2026 · 05:47 AM WALL Street ended sharply higher on Tuesday, lifted by speculation about a potential de-escalation in the Middle East conflict that has sent oil prices soaring and fueled fears of global inflation in recent weeks. All three major US indexes rallied after the Wall Street Journal reported on…
Read More‘Real pain’ to set in: Businesses brace for impact as EMA warns of potentially sharper rise in power tariffs
[SINGAPORE] Singapore businesses, especially those in sectors more reliant on energy, are bracing themselves for higher costs after the Energy Market Authority (EMA) warned on Tuesday (Mar 31) that Singapore should prepare for further increases in electricity and town gas tariffs. Some are looking at a range of strategies to cope, while economists say that…
Read MoreHuawei posts slower annual revenue growth of 2.2%
Published Tue, Mar 31, 2026 · 10:48 PM [BEIJING] China’s Huawei Technologies reported 2.2 growth in 2025 revenue on Tuesday (Mar 31), helped by its core businesses of infrastructure network and consumer devices, while its cloud computing operation saw a revenue decline. The Shenzhen-based company posted 2025 sales revenue of 880.9 billion yuan (S$164.2 billion),…
Read MoreWall St opens higher on Mideast de-escalation hopes; monthly losses loom
Published Tue, Mar 31, 2026 · 09:46 PM [NEW YORK] Wall Street’s main indexes opened higher on Tuesday (Mar 31), as markets welcomed a report signalling potential de-escalation in the Middle East conflict that has set the S&P 500 and the Dow on track for their biggest monthly decline in years. The Dow Jones Industrial…
Read MoreTCL to buy majority stake in Sony’s home entertainment
The Chinese company will pay 75.4 billion yen for a 51% stake in the new joint venture Published Tue, Mar 31, 2026 · 09:02 PM [HONG KONG/TOKYO] TCL Electronics Holdings agreed to buy a majority stake in Sony Group’s global home entertainment business as the Chinese company seeks to expand overseas. TCL will pay 75.4…
Read MoreOCBC to trim interest rate for flagship 360 Account from May 1
The first S$100,000 will earn 4.45% per annum, down from the current 5.45%, when the change kicks in [SINGAPORE] OCBC will lower the interest rate for its 360 Account with effect from May 1, to 4.45 per cent per annum on the first S$100,000, down from the current rate of 5.45 per cent. The adjustment…
Read MoreCDL CEO Sherman Kwek’s FY2025 pay jumps 71% to S$5.1 million as group profit triples
Executive chairman Kwek Leng Beng’s pay is also up, rising 24% year on year to S$7.4 million [SINGAPORE] City Developments Ltd ( CDL ) chief executive officer Sherman Kwek will be paid S$5.1 million in total compensation for FY2025, marking a 70.8 per cent increase from the S$2.97 million that he earned the year before.…
Read MoreSingapore shares fall amid Trump’s latest threats; STI down 0.2%
[SINGAPORE] Local stocks ended lower on Tuesday (Mar 31) and regional markets posted mixed results after US President Donald Trump escalated threats against Iran and its energy infrastructure. Singapore’s benchmark Straits Times Index (STI) lost 0.2 per cent or 11.81 points to finish at 4,885.45. Meanwhile, the iEdge Singapore Next 50 Index retreated 0.2 per…
Read MoreChina’s Zhipu posts 132% rise in annual revenue on AI boom
Published Tue, Mar 31, 2026 · 06:59 PM [BEIJING] One of the leading players in China’s crowded artificial intelligence sector, Zhipu AI , reported revenue growth of 131.9 per cent for 2025 on Tuesday, in its first results update since raising HK$4.35 billion (S$716.5 million) in a January listing. The spinoff from Tsinghua University has…
Read MoreIndia’s IndiGo names Iata head Willie Walsh as new CEO
Published Tue, Mar 31, 2026 · 06:33 PM [NEW DELHI] Indian low-cost carrier IndiGo named Willie Walsh, the current director general of the International Air Transport Association (Iata), as its new chief executive on Tuesday (Mar 31). Walsh’s tenure as head of the global airline industry body comes to a close on Jul 31, and…
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