58 minutes ago
Volkswagen drops to third in China sales as fast-growing Geely Auto pips it
Legacy foreign carmakers such as Volkswagen have ceded share to Chinese rivals due to a slower shift to EVs
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 hour ago
Crypto custody startup BitGo aims to raise about $201 million in US IPO
Jan 12 : BitGo is seeking to raise up to $201 million in its U.S. initial public offering, the crypto custody startup said in a regulatory filing on Monday.The Palo Alto, California-based firm and some of its existing shareholders are offering 11.8 million shares priced between $15 and $17 each.The ...
2 hours ago
Petronas seeks court clarity on Sarawak operations in gas licensing dispute
Sarawak’s push to control gas sales has raised concerns about potential revenue losses for the national energy firm
2 hours ago
China Yuchai acquires 83.9 mil shares in Nanyue Diankong Industrial Tech Company for RMB176.2 mil
Nicole Lim - China Yuchai International, a subsidiary of mainboard-listed Hong Leong Asia, has acquired 83,918,495 shares of Nanyue Diankong (Hengyang) Industrial Technology Company (NYDK), approximately RMB176.2 million ($32.48 million) in cash. The company, which is listed on the NYSE, is now the second larges ...
2 hours ago
Duolingo CFO Matt Skaruppa to step down after nearly six years
Jan 12 : Duolingo said on Monday that Chief Financial Officer Matt Skaruppa will step down after nearly six years in the role, marking the departure of a key executive who helped the language-learning app maker go public.During his tenure, the company saw consistent revenue growth and improving prof ...
2 hours ago
UK tech minister welcomes Ofcom's investigation into X over Grok sexualised imagery
LONDON, Jan 12 : British technology minister Liz Kendall said on Monday she welcomed the media regulator Ofcom's investigation into X over sexualised imagery produced by the Grok AI chatbot "It is vital that Ofcom complete this investigation swiftly because the public – and most importan ...
2 hours ago
Competition watchdog not yet notified of Clementi Mall sale, CapitaLand-Mapletree merger
Elysia Tan - Informing the authority in such cases is voluntary, but CCS will monitor both developments, says minister
2 hours ago
India's HCLTech beats quarterly revenue view on banking, technology boost
BENGALURU, Jan 12 : Indian software services exporter HCLTech reported a higher-than-expected third-quarter revenue on Monday on the back of performance in its banking and technology verticals.Consolidated revenue increased 13.3 per cent from a year earlier to 338.72 billion rupees ($3.8 billion) in ...
2 hours ago
India's HCLTech beats third-quarter revenue view
BENGALURU, Jan 12 : Indian software services exporter HCLTech reported higher-than-expected third-quarter revenue on Monday on the back of performance in its IT and business services segment.Consolidated revenue increased 13.3 per cent from a year earlier to 338.72 billion rupees ($3.76 billion) in ...
2 hours ago
JPMorgan forecasts 2027 Fed hike; Barclays, Goldman postpone rate cut calls
Data suggests the labour market is holding, aiding belief that the Fed will leave borrowing costs unchanged at its January meeting
2 hours ago
Not another dotcom bubble: DBS CIO doubles down on AI, healthcare
Young Zhan Heng - Hou Wey Fook is confident that AI-related optimism is based on sound fundamentals
2 hours ago
Investors anxious over make-or-break fight for the Fed
The growing rift shows Trump’s push to reshape institutions is bearing down on a pillar of US financial strength
2 hours ago
Singapore Exchange proposes bond futures for India, South-east Asia
Discussions reflect growing interest in the region’s debt markets
3 hours ago
Temasek and GIC's returns 'reasonable' and 'within expectations'
The Edge Singapore - Both GIC and Temasek Holdings have made reasonable returns that are within expectations, given their respective mandates and risk profiles. "Our focus has always been on long-term performance, rather than on short-term or year-to-year fluctuations," Jeffrey Siow, speaking as senior ministe ...
3 hours ago
Singapore convenes committee to review ministerial salaries
Tessa Oh - The current salary structure and benchmark has not been updated since 2012; the last review in 2023 was deferred amid uncertain economic...
3 hours ago
UK regulator launches investigation into X over Grok sexualised imagery
LONDON, Jan 12 : Britain's media regulator launched an investigation into Elon Musk's X on Monday to determine whether allowing its Grok AI chatbot to produce sexually intimate deepfakes violated its duty to protect people in the UK from content that could be illegal."There have been ...
3 hours ago
Uber faces sexual assault trial in Arizona that puts its safety record under scrutiny
Jan 12 : Uber is set to face trial this week in Phoenix, Arizona, in a lawsuit brought by a woman who says she was sexually assaulted by a driver she booked through the app.The trial will be the first test of Uber's efforts to shield itself from liability for alleged assaults committed by its d ...
3 hours ago
British Land CEO Carter set to leave to lead GIC-backed P3 Logistics
[BENGALURU] British Land CEO Simon Carter plans to step down this year to join European logistics developer P3 Logistics Parks, the real...
3 hours ago
Grab gets approval to test its autonomous vehicle services with the public in Singapore
Lionel Lim - The community testing phase involves grassroots advisers and residents of Punggol
3 hours ago
India's TCS beats quarterly revenue estimate on AI-led demand
BENGALURU, Jan 12 : Tata Consultancy Services, India's largest software services firm, posted a bigger-than-expected third-quarter revenue on Monday as artificial intelligence-led demand ramped up.The company's consolidated revenue increased 4.9 per cent to 670.87 billion rupees ($7.44 bil ...
3 hours ago
India's TCS posts slim quarterly revenue beat on AI demand, North America growth
BENGALURU, Jan 12 : India's Tata Consultancy Services posted a third-quarter revenue marginally above estimates on Monday on AI-driven demand, with revenue from its key North America market registering growth for the first time in two years. Consolidated revenue for India's largest softwa ...
4 hours ago
Attika Group raises $5.46 mil from sale of 15.6 mil vendor shares from majority shareholder
Nicole Lim - Attika Group’s majority shareholder has sold 15.6 million ordinary shares in the company for 35 cents per share to various investors on Jan 12. The majority shareholder, Steven Tan, is the managing director and executive chairman of the group. The sale of shares is to improve share liquidity and o ...
4 hours ago
King Wan completes proposed placement of 70 mil shares; raises $3.5 mil
Nicole Lim - King Wan Corporation has completed the proposed placement of 70 million new ordinary shares, thereby raising $3.5 million. The company on Dec 17, 2025, proposed the placement of 70 million new shares for 5 cents per placement share. Following the completion, the total issued and paid-up share capita ...
4 hours ago
Thomson Medical appoints Tong Kooi Ong as board chairman
Tan Nai Lun - The Malaysian businessman succeeds Ng Ser Miang, who steps down on Jan 31 after a decade
4 hours ago
Vin’s Holdings launches $20 mil multicurrency commercial paper
Nicole Lim - Vin’s Holdings is expecting to raise between $3 million to $5 million from the launch of its $20 million multicurrency short-term unsecured and unsubordinated commercial paper facility programme. As part of this programme, Vin’s has announced the inaugural issue of the commercial papers, known a ...
4 hours ago
Dassault Aviation invests in French defence AI unicorn Harmattan
PARIS, Jan 12 - French aerospace group Dassault Aviation is leading a $200 million funding round in startup Harmattan AI as the defence sector races to leverage artificial intelligence amid intensifying geopolitical competition.The partnership will support the development of AI capabilities in Da ...
4 hours ago
Iveco, PlusAI expand partnership with autonomous truck tests in Spain
Jan 12 : Self-driving truck startup PlusAI said on Monday it would launch Southern Europe's first programme to test heavy-duty autonomous trucks, expanding its partnership with Iveco Group brand IVECO.The programme will develop two IVECO S‑Way trucks equipped with PlusAI's Level ...
4 hours ago
Singapore stocks rise as US Fed probe revives ‘Sell America’ trade; STI up 0.5%
Jude Chan - The STI adds 22.12 points or 0.5% to close at 4,766.78 points
4 hours ago
Indian rocket launch loses control after liftoff in fresh blow to ISRO
BENGALURU, Jan 12 : An Indian rocket carrying 16 loads of equipment and experiments including an earth surveillance satellite went off track after liftoff on Monday in a fresh setback to the workhorse launch vehicle of the Indian Space Research Organisation.It was a second disappointment for t ...
4 hours ago
Sunway to acquire IJM Corp in RM11 bil cash-and-share deal
The Edge Malaysia - Sunway Bhd plans to acquire rival company IJM Corporation Bhd in a cash-and-share deal worth over RM11 billion ($3.48 billion). Under the terms of the proposed deal, each 1,000 shares of IJM Corp entitles its holder to RM315 in cash and 501 Sunway shares. If successful, the combined entity would riv ...
4 hours ago
Deloitte proposes tax framework adjustments, AI support in Budget 2026 wish list
Elysia Tan - It also suggests measures to support workers
4 hours ago
Indonesia president inaugurates Balikpapan refinery upgrade worth $7.4 billion
JAKARTA, Jan 12 : Indonesia's President Prabowo Subianto on Monday inaugurated the $7.4 billion upgrade of Pertamina's Balikpapan refinery, which brought the facility's refining capacity from 260,000 to 360,000 barrels per day, the largest in the country.Indonesia's ...
4 hours ago
Reliance halts cell-making plans after failed bid for China tech
Its struggles show that companies asked to make India carbon-zero by 2070 cannot progress without better bilateral ties with Beijing
4 hours ago
Oil dips as investors assess Iran supply, Venezuelan export resumption
LONDON, Jan 12 : Oil prices dipped on Monday, after Iran said it had "total control" following weekend violence, easing some concerns over supply from the OPEC producer, while investors also weighed efforts to resume oil exports from Venezuela.Brent crude futures lost 22 cents, or 0.4 p ...