French regulator says some crypto firms unresponsive as EU licence deadline approaches
PARIS, Jan 13 : Nearly a third of crypto companies without an EU licence in France are still to tell the regulator whether they intend to get the licence required under new EU rules or will cease operating by July, the country's markets regulator warned on Tuesday. Under the European Union&# ...
Low Keng Huat controlling shareholders up offer price to S$0.78 per share, extend closing date
Tan Nai Lun - Revised offer represents an increase of 8.3% or S$0.06 over the initial offer price
Meta mulls doubling output of Ray-Ban glasses by year end, Bloomberg News reports
Jan 13 : Meta and EssilorLuxottica are considering doubling the production capacity of their artificial intelligence-powered smart glasses to 20 million units annually by the end of this year, Bloomberg News reported on Tuesday.The potential increase, driven by strong demand, could also see capacity ...
Dollar pares gains after CPI, yen tumbles on Japan spending fears
NEW YORK, Jan 13 : The dollar pared earlier gains on Tuesday after December consumer inflation largely matched economists’ expectations, while the yen hit its lowest against the U.S. currency since July 2024 on concerns about more fiscal spending in Japan.The Consumer Price Index rose 0.3 per cent ...
World Bank sees resilient global growth in 2026 despite tariffs, but fading dynamism
WASHINGTON: The global economy is proving more resilient than expected, with 2026 GDP growth expected to improve slightly over forecasts from last June, the World Bank said on Tuesday (Jan 13) while warning that growth is too concentrated in advanced countries and overall too weak to reduce extreme ...
S&P 500, Dow open near record highs after mixed earnings, inflation data
[NEW YORK] The S&P 500 and the Dow opened near record highs on Tuesday (Jan 13) after a largely in-line inflation report...
Musk's X recovers after outage hits thousands globally
Jan 13 : An X outage eased on Tuesday after thousands of users worldwide reported issues with accessing the social media platform, according to Downdetector.com.The outage began around 9 a.m. ET, peaking at more than 28,300 logged issues with Elon Musk's platform in the U.S. before cooling to a ...
X down for thousands of users globally, Downdetector shows
Jan 13 : Social media platform X was down for thousands of users globally on Tuesday, according to Downdetector.com.There were more than 22,900 reports of issues with the platform in the U.S. as of 9:19 a.m. ET, according to Downdetector, which tracks outages by collating status reports from a numbe ...
Apple rolls out Creator Studio to boost services push, adds AI features
Jan 13 : Apple on Tuesday unveiled Apple Creator Studio, a new subscription bundle of professional creative software priced at $12.99 a month or $129 a year, as the iPhone maker steps up its push into paid services for creators, students and professionals.The company has used its services business, ...
Microsoft launches data center initiative to limit power costs, water use
Jan 13 : Microsoft on Tuesday unveiled a community-focused initiative aimed at lowering water usage at its U.S. data centers and ensuring that the power-hungry facilities do not drive up electricity prices for the public.The company will pay utility rates high enough to cover its electricity costs a ...
Microsoft rolls out initiative to limit data-center power costs, water use impact
Jan 13 : Microsoft on Tuesday unveiled an initiative to curb water usage at its U.S. data centers and limit the impact on the general population from any potential surge in power prices.Political leaders across the U.S. are urging a rapid expansion of data-center capacity and new power production to ...
Polygon targets stablecoin payments with deals worth $250 million
Jan 13 : Blockchain firm Polygon Labs said on Tuesday it would buy crypto payments company Coinme and crypto infrastructure provider Sequence for more than $250 million, as it looks to tap the growing demand for stablecoin-based transactions.Stablecoins, digital tokens pegged to stable assets such a ...
Spain moves to curb AI deepfakes, tighten consent rules on images
MADRID, Jan 13 : Spain's cabinet on Tuesday approved draft legislation to curb AI deepfakes and tighten consent rules on images, as European states increasingly move to crack down on AI-generated sexual content.The bill approved by the cabinet strengthens protections for children, sets 16 as th ...
F&N unit prices S$125 million in fixed-rate notes due 2033 at 2.6%
Tan Nai Lun - The notes are payable semi-annually in arrears and will be issued in denominations of S$250,000 each
Voice AI startup Deepgram raises $130 million at $1.3 billion valuation
Jan 13 : Voice AI technology startup Deepgram said on Tuesday it raised $130 million at a $1.3 billion valuation as it looks to expand internationally, roll out new models, and pursue acquisitions.The funding round was led by AVP, an investment firm that focuses on tech startups across North America ...
US senators introduce long-awaited bill to define crypto market rules
Jan 13 : U.S. senators late Monday night unveiled draft legislation that would create a regulatory framework for cryptocurrency that, if signed into law, would clarify financial regulators' jurisdiction over the burgeoning sector, potentially boosting digital asset adoption.The crypto industry ...
Keppel Reit preferential offering closes with 76.9% valid acceptances; total applications at 97%
Tan Nai Lun - Gross proceeds of S$886.3 million will go into funding the purchase of another one-third interest of Marina Bay Financial Centre’s Tower 3
GKE Corp earnings down to $1.87 mil for 1HFY2026; interim cash dividend of 0.05 cents declared
Nicole Lim - GKE Corporation has reported lower earnings of $1.87 million for the 1HFY2026 ended Nov 30, 2025, down 57.5% y-o-y. Revenue for the period grew 5.3% y-o-y to $66.53 million, while gross profit declined 9.2% y-o-y to $17.67 million. Earnings per share for 1HFY2026 declined 57.9% y-o-y to 0.24 cents. ...
JPMorgan profit falls on one-time Apple card deal charge
Profit fell to US$13 billion, or US$4.63 per share, in the three months ended December 31
Power crunch, red tape forcing Asia’s data centres out of hyperscaler hubs
Young Zhan Heng - Operators are pivoting towards a ‘decentralised’ model – which places data centres in ‘Tier-2’ cities
Centurion Accommodation REIT completes acquisition of EPIISOD Macquarie Park in Sydney for A$345 mil
Nicole Lim - Centurion Accommodation REIT (CAREIT) has completed the acquisition of EPIISOD Macquarie Park in Sydney, Australia for A$345 million ($280.1 million). The acquisition was fully financed through committed debt facilities, and represents CAREIT’s first purpose-built student accommodation (PBSA) asse ...
Singapore sees record port performance in 2025
Gross tonnage of vessel arrivals and container throughput both hit new highs last year, according to the Maritime and Port Authority of Singapore.
JERA on track for 20% ammonia co-firing at Hekinan coal power plant in FY29
HEKINAN, Japan, Jan 13 : Japan's biggest power generator JERA is on track to achieve 20 per cent ammonia co-firing at a unit of its Hekinan thermal power station in fiscal 2029, marking the world's first commercial use of ammonia as a fuel, the plant's head said on Tuesday.Mitsutaka B ...
Global central bankers defend Fed’s Powell after Trump threat
Central bankers fear that political influence over the Fed would erode trust in the bank’s commitment to its inflation target
Seven things to know about Malaysia’s sector giants Sunway-IJM RM11 billion merger
Tan Ai Leng - The deal will merge two of the country’s leading construction and property firms into one powerhouse valued at nearly RM50 billion
HC Surgical Specialists earnings up 17.5% y-o-y to $3.97 mil from fair value gain on financial assets
Nicole Lim - HC Surgical Specialists has reported earnings of $3.97 million for the 1HFY2026 ended Nov 30, 2025, up 17.5% y-o-y. Revenue declined 1.6% y-o-y for 1HFY2026 to $9.78 million, and earnings per share came in 17.7% y-o-y higher at 2.59 cents. Earnings grew due to non-operational items, including fair v ...
ExxonMobil’s truth-telling on Venezuela shows risk of crossing Trump
There are no signs the Trump administration will oppose ExxonMobil’s role in Venezuela’s reconstruction efforts
Eindec Corporation expands into integrated green and AI-driven engineering solutions
Nicole Lim - Eindec Corporation has announced that it will be “enhancing” its services as a heating, ventilation and air conditioning (HVAC) cleanroom equipment provider by expanding into integrated green and AI-driven solutions. This is led by the group’s wholly-owned subsidiary Eindec Singapore, which ha ...
Japanese investors sell foreign assets in December
Jan 13 : Japanese investors were net sellers of foreign debt in December with U.S. Treasury yields rising, and also sold foreign equities as elevated stock valuations prompted profit-taking.According to Japan's Ministry of Finance data, local investors sold a net 374.2 billion yen in foreign lo ...
Paramount launches Warner Bros proxy fight, files suit
The battle between Netflix and Paramount stands to reshape the entertainment industry regardless of who wins
Trump’s pick as Vietnam envoy sets sights on trade gap as Hanoi’s surplus with US tops China’s
Vietnam’s rise is closely linked to a sharp decline in China’s trade with the US
Singapore stocks ride Asian wave amid US ‘self-sabotage’; STI up 0.9%
Jude Chan - Japan’s Nikkei 225, South Korea’s Kospi, Hong Kong’s Hang Seng and the FTSE Bursa Malaysia KLCI Index all close higher
260 workers receive S$600,000 in salary relief after their firms were wound up
Low Youjin - The short-term relief fund is meant for employers unable to pay salary arrears due to business failure
Duty Free International earnings plunge to RM1.47 mil for 3QFY2026 due to absence of one-off compensation
Nicole Lim - Duty Free International (DFI) has reported a 96.5% y-o-y decrease in earnings for the 3QFY2026 ended Nov 30, 2025 of RM1.47 million ($470,000). For 9MFY2026, earnings declined 86.2% y-o-y to RM5.5 million. Revenue for the 3MFY2026 and 9MFY2026 period came in 40.6% y-o-y higher at RM57.9 million and ...
