Microsoft, Ericsson lead global tech alliance for digital trust
STOCKHOLM, Feb 13 - A group of 15 companies, led by Microsoft and Ericsson, launched on Friday the “Trusted Tech Alliance,” built around five principles to safely use technology regardless of where it is developed.The initiative is the first concerted move by a group of global companies to addre ...
US FTC ramps up scrutiny of Microsoft over AI, cloud practices, questions rivals, Bloomberg reports
Feb 13 : The U.S. Federal Trade Commission is escalating scrutiny of Microsoft and has sought answers from the company's rivals on the tech giant's licensing and other business practices, Bloomberg News reported on Friday. The agency has sent civil investigative requests in recent weeks to ...
From software to real estate, US sectors under the grip of AI scare trade
Feb 13 : Wall Street is in the grip of disruption worries from AI. It first started with investors dumping shares of software companies but soon spread to sectors seen as vulnerable to automation, driving sharp losses in U.S. stocks this week.The AI scare trade did not spare even sectors such as pri ...
OUE to book net loss for FY2025 on China exposure, impairment loss
Chong Xin Wei - It owns 29.07% of an investee company whose business is adversely impacted by the slowdown of the property market in China
Vista Equity explores $1 billion-plus sale of AlertMedia, sources say
Feb 12 : Vista Equity Partners is exploring a $1 billion-plus sale of its emergency communications software provider AlertMedia, according to people familiar with the matter. Vista has hired bankers at JPMorgan to sell the company, a process that is in the early stages, the people said, requesting ...
US: Wall Street muted as markets assess softer-than-expected inflation data
Ilyas Salim - [NEW YORK] Wall Street’s main indexes were muted on Friday (Feb 14), with communication services weighing as markets assessed softer-than-expected inflation data that...
US consumer inflation eases more than expected to lowest since May
WASHINGTON: Consumer inflation in the United States cooled slightly more than expected in January, government data showed Friday (Feb 13), as energy prices dipped.The consumer price index (CPI) rose 2.4 per cent year-on-year, the Department of Labor said, down from December's 2.7 per cent and s ...
Lendlease Global Commercial Reit posts 3.1% increase in H1 DPU to S$0.0185
Chong Xin Wei - Distributable income rises 11.7% to S$48.6 million
Dollar flat after inflation data and yen set for weekly gain
NEW YORK, Feb 13 : The U.S. dollar was mostly flat against peer currencies on Friday after data showed a less-than-expected increase in inflation in January, suggesting the Federal Reserve could continue to hold rates steady in the near term.The Japanese yen was set for its strongest weekly gain in ...
Dollar flat after inflation data; yen set for strong weekly gain
NEW YORK, Feb 13 : The U.S. dollar was mostly flat against peer currencies on Friday after data showed a less than expected increase in inflation in January, suggesting the Federal Reserve could continue holding rates in the near term while the Japanese yen was set for its strongest weekly gain in a ...
Pinterest plumbs six-year lows after tariffs sap ad spending by customers
Feb 13 : Pinterest shares tumbled 21 per cent to their lowest since the 2020 pandemic lows after the image-sharing platform's weak forecast showed that major advertisers are pulling back spending just as AI tools threaten to upend the market.The company's quarterly revenue projection fell ...
Pinterest plunges as tariffs weigh on large customers' ad spending
Feb 13 : Pinterest shares plummeted over 20 per cent in premarket trading on Friday after the image-sharing platform said its quarterly revenue forecast was hit by large U.S. retailers scaling back ad spending due to tariff-induced uncertainty.The company last month cut under 15 per cent of its work ...
Bessent says Congress should pass crypto regulation bill this spring
WASHINGTON, Feb 13 : U.S. Treasury Secretary Scott Bessent said on Friday that it was important for Congress to pass a bill to create federal rules for digital assets and get it onto President Donald Trump's desk to sign into law this spring.Bessent, asked on CNBC about the crypto bill's s ...
Centurion Corporation unit acquires 65% stake in factory building plot for S$4.8 million
Chloe Lim - The aim is to develop and operate a purpose-built workers accommodation on the site
STI's correction is not likely to breach the main uptrend
Goola Warden - The end-of-week correction in the Straits Times Index appears par for the course as the index had moved to overbought highs, and is unlikely to change the main uptrend. The 50-day moving average, which acts as a support line, is at 4,758. On Jan 13, the STI closed at 4,937, up four points week-on-we ...
Government’s AI push set to spur interest in one-north tech hub: analysts
Ry-Anne Lim - CapitaLand, CapitaLand Ascendas Reit, Keppel DC Reit stand to benefit from drive to build artificial intelligence ecosystem
Offer for Low Keng Huat closes with 96.88% valid acceptances
Chong Xin Wei - The special-purpose vehicle will exercise its right to compulsorily acquire all remaining shares at the offer price of S$0.78 a share
ThaiBev Q1 Ebitda up 1.8% at 16.7 billion baht despite lower revenue
Chong Xin Wei - Sales revenue falls by 6% to 86.7 billion baht amid weaker consumer sentiment
Hin Leong liquidator succeeds in High Court bid to wind up Yuantai Fuel Trading
Benicia Tan - Yuantai director, Tan Aik Hock, is also chief executive of Daxin Marine
Study unlocks the secrets of the whiskers on an elephant's trunk
Feb 13 : An elephant's trunk is essential for most aspects of the animal's life, from interacting with its environment and with other elephants to eating and drinking. And the roughly 1,000 whiskers covering the trunk are central to its utility, highly specialized for facilitating tactile ...
Apollo, Blackstone execs offer reassurance as software sell-off hits their stocks too
NEW YORK, Feb 13 : Executives at Apollo, Ares, Blackstone, KKR and other private capital firms are having trouble convincing stock market investors that their portfolios are safe from the effects of a selloff battering the software sector due to fears that artificial intelligence will render it irre ...
Walmart, economic data await investors confronting AI 'whack-a-mole'
NEW YORK, Feb 13 : U.S. stock investors will be on guard next week for further volatility induced by fears of artificial intelligence disruption as they also assess the durability of a rotation beneath the market's surface, along with upcoming earnings from Walmart and fresh economic data.The b ...
AI fears wipe out $50 billion from Indian IT stocks in February
Feb 13 : Indian IT shares logged their worst week in more than 10 months on Friday, extending a rout driven by fears of disruption from artificial intelligence tools that wiped about $50 billion off the sector's market capitalisation so far in February.The launch of a tool by tech startup Anthr ...
GDS-backed DayOne to pick banks for US$5 billion US IPO, sources say
Bank of America and Citigroup are working on the deal, they add
Tuck Lee Ice sues for S$500,000 over alleged ‘wrongful’ re-directing of search results
Tay Peck Gek - An online search for its name last year would show the results diverted and redirected to Superior Products Asia’s corporate name and...
EU project to rival Starlink must meet buyer expectations, Eutelsat CEO says
PARIS, Feb 13 : Eutelsat said on Friday that Europe's planned IRIS2 satellite network must meet customer expectations in terms of pricing and performance to attract buyers, following remarks from major telecoms companies about the project's commercial appeal.Eutelsat CEO Jean‑François F ...
Hong Kong-traded Samsonite targets dual listing in US
Feb 13 : Luggage maker Samsonite said on Friday it is seeking a dual listing on a U.S. stock exchange in a bid to increase its exposure to investors in more markets and increase liquidity in the United States.The owner of the American Tourister and Tumi luggage brands said the potential listing woul ...
Hong Kong-listed Samsonite targets US dual listing
Feb 13 : Luggage maker Samsonite Group said on Friday that it is seeking a dual listing on a U.S. stock exchange.
Hong Kong-traded Samsonite targets US dual listing
Feb 13 : Luggage maker Samsonite said on Friday it is seeking a dual listing on a U.S. stock exchange in a bid to increase its exposure to investors in more markets.The company, which owns the American Tourister and Tumi luggage brands, said the potential listing would be through American depositary ...
Ong Beng Seng’s HPL to report net loss for FY2025 as finance costs remain high
Chong Xin Wei - The group is expected to release its results by Feb 27
Japan's tax changes on heated tobacco threaten JTI product growth this year, CFO says
Feb 13 - A tax increase on heated tobacco products in Japan this year could curb growth, Japan Tobacco International's finance chief Vassilis Vovos told Reuters, adding the company would put up the price of its brands throughout the year to ease disruptions. JTI, the tobacco unit of Japanese c ...
Singapore stocks falter on Friday; STI down 1.6%
Benjamin Cher - The iEdge Singapore Next 50 Index nudges down 0.4% or 6.06 points to 1,513.52
Applied Materials jumps as AI demand drives chipmaking tool orders
Feb 13 : Applied Materials' shares jumped 11.7 per cent in premarket trading on Friday as investors bet that surging AI demand and a tightening memory market will continue to drive orders for the company's chipmaking tools, after it forecast second-quarter revenue and profit above Wall Str ...
iFast unveils ‘Truly Global Business Model’, rebrands FSMOne to FSM Global
Benjamin Cher - The group is repositioning itself to view its customers as international – not just from the markets in which it operates
