Posts by Liam Redmond
South-east Asia may see most gas projects approved in a decade
[SINGAPORE] South-east Asia could this year see the highest number of final investment decisions on gas projects in a decade, which could potentially boost output by 18 per cent, according to Global Energy Monitor (GEM). As many as 13 new gas projects could be financed in 2025, adding to the one that has already been…
Read MoreSamsung Electronics operating profit rises slightly in Q1
Published Wed, Apr 30, 2025 · 08:54 AM [SEOUL] Samsung Electronics reported on Wednesday a small rise in first-quarter operating profit as customers concerned about US tariffs rushed to purchase smartphones and commodity chips, mitigating the impact of its underperforming artificial intelligence chip business. Samsung did not give its earnings outlook for the current quarter,…
Read MoreStocks to watch: Wilmar, ST Engineering, Sheng Siong, Starhill Global Reit, FEHT, CDLHT, First Reit, IReit Global
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Apr 30). Wilmar International: The agribusiness group reported a 13.5 per cent increase in earnings for Q1 2025 to US$343.9 million from US$302.9 million in Q1 2024 on Tuesday. Revenue for Q1 2025 grew 3.3 per cent to US$16.2…
Read MoreAIA Group’s value of new business jumps on strong Hong Kong sales
Published Wed, Apr 30, 2025 · 08:26 AM HONG Kong-based insurer AIA Group reported a 13 per cent rise in its first-quarter value of new business (VONB) on Wednesday, bolstered by its regional unit, which saw strong demand from local customers and visitors from Mainland China. Chinese investors, facing limited domestic options and a weakening…
Read MoreNeil Gorsuch scolds Supreme Court litigator in rare, heated exchange: ‘I’m not finished’
Supreme Court Justice Neil Gorsuch scolded an experienced lawyer during oral arguments Monday in a case centered on disability discrimination in public schools – a rare and heated exchange that surprised many longtime court-watchers. The tense exchange took place during oral arguments in A.J.T. v. Osseo Area Schools, a case centered on whether school districts…
Read MoreElectronic Arts lays off hundreds, cancels ‘Titanfall’ game
Published Wed, Apr 30, 2025 · 07:15 AM [NEW YORK] Electronic Arts (EA) is laying off hundreds of workers and cancelling a Titanfall game that was in development at its Respawn Entertainment subsidiary. Between 300 and 400 positions were eliminated, including around 100 at Respawn, according to a source familiar with the cuts. “As part…
Read MoreTrump tempers auto tariffs, winning cautious praise from industry
[NEW YORK] US President Donald Trump moved on Tuesday to soften tariffs on automakers, sparking cautious optimism in an industry that has been on tenterhooks as it awaits details on the fast-evolving policy. Trump signed an executive order to limit the impact of overlapping tariffs on automakers. He also released a proclamation that gives the…
Read MoreAmtrak cuts NYC service for construction — and everyone from the governor to commuters is bracing for three years of chaos
Amtrak has cut service between Penn Station to Albany for East River Tunnel repairs – but everyone from interstate commuters to the governor is bracing for three years of transit chaos. Critics fear the company’s cuts — which went into effect Monday — could mean crowded trains and service disruptions that could spill onto the…
Read MoreFlexible Workspaces Fueling Productivity Across London
The way professionals approach work is evolving quickly. Traditional offices are being replaced by modern spaces that blend convenience, community, and thoughtful design. In cities like London, where innovation, creativity, and international business intersect, flexible workspaces are becoming an increasingly integral part of everyday professional life. These environments offer more than just Wi-Fi and desk…
Read MoreUK sets out new rules for crypto as it aligns with US on approach
[LONDON] Britain will bring cryptocurrencies under compulsory regulation, finance minister Rachel Reeves said on Tuesday as the government signalled it would cooperate closely with the United States on the best approach towards digital assets. The new draft laws will extend existing financial regulation to companies involved in crypto, aligning Britain with the US, rather than…
Read MoreAre the “Magnificent Seven” Still Magnificent? What Trump’s New Tariffs Mean for Big Tech Stocks
Have you been following the recent drop in tech stocks? If so, you’ve likely noticed that even the strongest names in the market — the so-called Magnificent Seven — have taken a serious hit. What’s going on? And more importantly, what do these new Trump tariffs mean for the future of big tech? What Just…
Read MoreOil prices fall 2% to two-week low as trade war concerns dampen demand outlook
[NEW YORK] Oil prices fell about 2 per cent to a two-week low on Tuesday as investors braced for Opec+ to boost output and worried US President Donald Trump’s tariffs would hit the global economy and slow demand for the fuel. Brent crude futures fell by US$1.61, or 2.4 per cent, to settle at US$64.25 per barrel.…
Read More