Posts by Liam Redmond
Singapore, Asia markets mostly down at midday after Wall Street rout; YZJ Shipbuilding sinks 5.6%
Shipbuilder’s shares likely affected by a drop in Maersk earnings, potential layoffs [SINGAPORE] Asian markets took a beating at their open on Friday (Feb 6), after a new round of heavy selling hit US tech stocks and crypto. Yangzijiang Shipbuilding was the worst hit on the Singapore Exchange as at 9.30 am, with a 5.3…
Read MoreSingapore, Asia markets mostly down after Wall Street tech rout
[SINGAPORE] Asian markets largely ended the week in the red on Friday (Feb 6), taking the cue from the US markets on Thursday where tech stocks and crypto slumped over concerns of soaring artificial intelligence (AI) spending. Investors reacted badly to the news that Amazon plans to spend US$200 billion this year on data centres,…
Read MoreRolls-Royce admits Thai Airways shortfall, plots aggressive regional comeback
RR is rolling out the final phase of its upgraded Boeing 787 engine, the Trent 1000 XE, this quarter [SINGAPORE] After years of damage control over its Boeing 787 engines, Rolls-Royce (RR) – one of the world’s largest aircraft engine manufacturers – is moving to prevent more customers from switching to rival GE Aerospace, as…
Read MoreSouth Korea’s ETF boom puts assets on track to overtake Taiwan
The two tech-heavy Asian markets have been a focal point in recent years, thanks to a global frenzy sparked by the rise of AI Published Fri, Feb 6, 2026 · 08:45 AM [SINGAPORE] In yet another sign of the South Korean market’s rising prominence on the global stage, assets in the nation’s exchange-traded funds (ETFs)…
Read MoreRoblox forecasts strong annual bookings as gaming platform momentum grows
Roblox forecast fiscal 2026 bookings of between US$8.28 billion and US$8.55 billion, above estimates Published Fri, Feb 6, 2026 · 08:25 AM ROBLOX forecast fiscal 2026 bookings above Wall Street expectations on Thursday, signaling another year of strong growth in player spending and engagement as the videogame platform aggressively looks to capture 10 per cent…
Read MoreWinklevosses’ Gemini to cut jobs, scale down in crypto retreat
The twins have donated millions of US dollars to causes supporting US President Donald Trump and the Republican party Published Fri, Feb 6, 2026 · 08:16 AM [LONDON] The crypto exchange run by billionaires Tyler and Cameron Winklevoss is slashing as much as 25 per cent of its workforce and winding down operations in the…
Read MoreCapitaLand Integrated Commercial Trust’s H2 DPU rises 9.4% to S$0.0596
[SINGAPORE] The manager of CapitaLand Integrated Commercial Trust (CICT) on Friday (Feb 6) posted a distribution per unit (DPU) of S$0.0596 for the second half ended December, up 9.4 per cent from S$0.0545 in the year-ago period. This brings DPU for the 2025 financial year to S$0.1158, up 6.4 per cent year on year. Based…
Read MoreMargin relief lifts outlook for DBS, OCBC and UOB, extending Singapore bank rally
Sentiment remains largely positive on the sector amid resilient asset quality, steady capital returns [SINGAPORE] The three local banks may be nearing the end of the margin squeeze that has weighed on earnings over the past year, as interest rates stabilise and funding pressures ease, analysts said. Ahead of the banks’ fourth-quarter results, sentiment remains…
Read More7 reasons founders who delegate early almost always scale faster
There is a quiet moment almost every founder hits. You are juggling product, sales, support, ops, maybe payroll, and you still feel behind. You tell yourself this is just the season you are in. Hustle now, delegate later. The problem is that later rarely shows up on its own. Founders who scale faster usually do…
Read MoreNews Corp beats quarterly revenue estimates on growth in Dow Jones unit
Published Fri, Feb 6, 2026 · 06:44 AM NEWS Corp beat Wall Street estimates for second-quarter revenue on Thursday, bolstered by growth in its Dow Jones, digital real estate and book publishing units. The results indicate that growth in high-margin digital subscriptions at its Dow Jones division, which includes The Wall Street Journal, is helping…
Read MoreReddit forecasts revenue above estimates as AI fuels ad sales
Published Fri, Feb 6, 2026 · 06:30 AM REDDIT forecast first-quarter revenue above analysts’ estimates on Thursday (Feb 5), as artificial intelligence-powered enhancements to its ad platform help the social media platform draw more marketers. Shares of the company rose around 2 per cent in extended trading after it also announced its first share repurchase…
Read MoreAmazon says it will spend US$200 billion this year on AI build-out
Published Fri, Feb 6, 2026 · 06:23 AM [SEATTLE] Amazon.com said that it plans to spend US$200 billion this year on data centres, chips and other equipment, worrying investors the company’s colossal bet on artificial intelligence (AI) will pinch profits while it waits for investments to pay off. The shares fell in extended trading. The…
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