Posts by Liam Redmond
Seatrium H1 net profit jumps 158% to S$373 million on asset sales, higher margins
Revenue rises 4.7% to S$5.6 billion, supported by steady execution of its order book [SINGAPORE] Seatrium’s net profit for the first half ended Jun 30 surged 158 per cent to S$373 million from S$144 million in the year-ago period, driven by asset divestment gains and improving margin efficiency. Excluding one-off divestment gains, net profit grew…
Read MoreAnthropic’s AI models hack three organisations during tests
The breach and a similar incident at rival OpenAI have sparked calls for more guardrails over the tech Published Fri, Jul 31, 2026 · 07:58 AM [WASHINGTON] Anthropic said that its artificial intelligence models breached three organisations during cybersecurity tests that went awry, a little more than a week after its chief rival, OpenAI, disclosed…
Read MoreAsian stocks rally as Kospi jumps 17%; yen falls as BOJ stands pat
Investors renew bets on AI trade as South Korean equities post record intraday gains Published Fri, Jul 31, 2026 · 07:57 AM — Updated Fri, Jul 31, 2026 · 01:44 PM ASIAN stocks rallied on Friday (Jul 31) after South Korean equities posted a record intraday gain, as investors renewed bets on the artificial intelligence…
Read MoreCrypto exchange Coinbase logs third straight quarterly loss on trading slowdown
Published Fri, Jul 31, 2026 · 07:52 AM COINBASE Global posted a third straight quarterly loss on Thursday (Jul 30) as a prolonged downturn in cryptocurrency markets dented its trading volumes, sending the digital-asset exchange’s shares 5.3 per cent lower after the bell. Cryptocurrency markets came under pressure during the April-to-June quarter as investors shunned…
Read MoreApple revenue forecast lags Wall Street targets as iPhone maker struggles with supply chain
[SAN FRANCISCO] Apple forecast sales for the current quarter ending in September would grow more slowly than Wall Street targeted as the iPhone maker struggled to get the parts it needed to deliver products, and shares fell 6 per cent in after-hours trade. Apple chief financial officer Kevan Parekh told analysts and investors on a call that…
Read MoreOil heads for 20% monthly advance as Iran war spurs disruptions
Energy markets roar higher in July, with double-digit percentage gains for oil and products such as diesel Published Fri, Jul 31, 2026 · 06:51 AM — Updated Fri, Jul 31, 2026 · 02:08 PM [TOKYO] Oil ticked lower at the end of a volatile week, but remained on track for the biggest monthly gain since…
Read MoreAmazon beats cloud sales growth estimates; shares jump
Published Fri, Jul 31, 2026 · 06:24 AM AMAZON beat expectations for quarterly cloud sales growth on Thursday (Jul 30) and boosted its annual capital spending outlook, signalling that demand for AI services remains strong enough to justify its massive infrastructure investments. Shares in the Seattle-based online retailer jumped more than 9 per cent after…
Read MoreMicrosoft sets record with near US$450 billion single-day gain in market value
Published Fri, Jul 31, 2026 · 06:04 AM MICROSOFT added nearly US$450 billion in market value on Thursday (Jul 30), the largest one-day gain on record for a company, after it forecast stronger-than-expected cloud growth and signaled continued cash generation through its new fiscal year. The software giant’s shares closed up more than 15 per cent,…
Read MoreEuropean shares rise as earnings offset Middle East worries
Published Fri, Jul 31, 2026 · 06:01 AM EUROPEAN shares gained on Thursday (Jul 30), buoyed by strong earnings in cyclical sectors such as financials and industrials, while investors assessed the possible impact from escalating tensions in the Middle East and from uncertainty over US interest rates. The pan-European Stoxx 600 rose 0.8 per cent at close…
Read MoreUS stocks: Wall Street ends sharply higher, lifted by soaring Microsoft
Published Fri, Jul 31, 2026 · 05:51 AM WALL Street ended sharply higher on Thursday (Jul 30), with chip stocks jumping and Microsoft logging its biggest daily percentage gain in 18 years after the technology giant gave a stellar forecast that eased fears about massive spending on AI infrastructure. Microsoft jumped over 15 per cent, boosting its…
Read MoreStarbucks results show its turnaround bid is gaining momentum
Its sales recovery outpaces that of its profits amid increased hiring, staff training and spending on store remodels Published Fri, Jul 31, 2026 · 05:48 AM STARBUCKS’ quarterly results surpassed market estimates, a sign that efforts to attract diners with speedier service and new products are paying off. Sales from established restaurants rose 7.9 per…
Read MoreBP to cut 700 jobs as it simplifies company, internal email shows
BP wants to simplify its operations to reduce debt, boost profit and refocus on its oil and gas businesses Published Thu, Jul 30, 2026 · 10:19 PM [LONDON] BP plans to cut about 700 of its non-frontline global workforce, according to an internal email seen by Reuters, as the oil major sharpens its operational focus…
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