Posts by Liam Redmond
Singtel returns to the black with S$2.8 billion H2 profit on exceptional gain, unveils S$2 billion buyback programme
The group has authorised its first share buyback programme of up to S$2 billion, as part of the company’s capital management strategy [SINGAPORE] Singtel returned to the black with a net profit of S$2.8 billion for its second half ended March 2025, compared with a net loss of S$1.3 billion for the previous corresponding period.…
Read MoreChinese firms go on fundraising spree amid rush of easy money
[HONG KONG] Chinese companies are seizing on a window of opportunity to raise capital as global investors pour money into Asian assets in search of alternatives to the US. The surge in inflows created by the waning of US exceptionalism and the Beijing-Washington trade truce has fuelled one of the most active fundraising booms the…
Read MoreStocks to watch: Singtel, CapitaLand Ascott Trust
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (May 22). Singtel: The telco giant returned to the black with a net profit of S$2.8 billion for its second half ended March, compared with a net loss of S$1.3 billion for the previous corresponding period. This translates to…
Read MoreConsumer groups want airlines to pay for baggage fees ‘distress’
[PARIS] Sixteen European consumer groups on Wednesday called on the European Union to take action against seven low-cost airlines over their baggage fees. The European Consumer Organisation, BEUC, which has overseen the initiative, accuses airlines of “misleading” passengers and creating “confusion” and “distress” at check-ins with their different policies. The action by the consumer groups…
Read MoreSuffolk County agrees to pay out $18 million in court settlement over ‘inhumane’ conditions in county jails
New York’s Suffolk County has agreed to end a 14-year court battle and shell out $18 million to former inmates who said they were forced to live in filthy jail cells alongside rats and roaches for over a decade. The class-action lawsuit accused officials of turning a blind eye to horrifying living conditions at the…
Read MoreNike to raise prices by next week, to return to selling on Amazon, media reports say
NIKE is set to raise prices on several of its products starting next week and will also return to selling its products at online retail giant Amazon, according to media reports, as President Donald Trump’s tariffs disrupt global supply chains and impact retailers’ profits. The company, which sources a significant portion of its footwear from…
Read MoreZoom lifts annual forecasts on robust demand amid AI push
Published Thu, May 22, 2025 · 07:13 AM ZOOM Communications raised its annual revenue forecast on Wednesday, benefiting from hybrid work trends and the integration of artificial intelligence into its products. The integration of AI into its tools and expansion of its range of services has helped Zoom. It added agentic AI Companion capabilities and…
Read MoreUS to keep China chip curbs, spurning Nvidia’s call for relief
[WASHINGTON] The Trump administration will maintain efforts to keep advanced artificial intelligence (AI) technology out of China’s hands, a top White House official said, brushing off calls from Nvidia chief executive officer Jensen Huang to ease restrictions on chip exports to the world’s second-largest economy. “We obviously have huge respect for Jensen,” Sriram Krishnan, White…
Read MoreUS LNG loses ground in Asia as tariffs, politics stall Alaska megaproject
[SINGAPORE] Asian energy buyers are rethinking their long-term bets on US liquefied natural gas (LNG) – increasingly seen as a geopolitical lever – as tariffs, political risk and volatile costs cloud the appeal of the US as a reliable trading partner. Experts say this shift could open the door to rival exporters, as Asia moves…
Read MoreSpeaker Johnson vows to forge ahead with ‘big beautiful bill’ vote with GOP budget hawks on fence
WASHINGTON — House Speaker Mike Johnson (R-La.) planned to move forward with a vote as early as Wednesday night on President Trump’s “big beautiful bill” following what Johnson called a “productive” meeting with Republican holdouts at the White House — despite several not committing to backing the legislation. “The plan is to move forward as…
Read MoreOil prices fall on news that US-Iran will hold nuclear talks
[NEW YORK] Oil prices settled lower on Wednesday, after Oman’s foreign minister said a fresh round of nuclear talks between Iran and the US would take place later this week. Prices had gained earlier in the session on a CNN report on Tuesday that US intelligence suggests Israel is preparing to strike Iranian nuclear facilities. CNN…
Read MoreEurope: Stocks ease from two-month highs as retailers, luxury stocks weigh
EUROPEAN stocks were little changed on Wednesday as gains in broader stocks outweighed declines in luxury and retail stocks, while investors monitored a tax cut bill in the United States. The pan-European Stoxx 600 closed slightly lower at 553.82, with retail stocks weighing heavily on the market. London’s JD Sports fell 10.6 per cent to the bottom…
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