26 minutes ago
McDonald’s beats quarterly global sales estimates as value bets pay off
The fast food chain is also delving deeper into the fast-growing beverage segment
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
37 minutes ago
ANZ Group cash profit jumps 17% as cost cuts take hold
The Australian bank said more than 60 per cent of the 3,500 job cuts it previously announced had taken place
45 minutes ago
Commentary: For many SMEs in Singapore, AI adoption is still too daunting - here’s what could help
As Singapore pursues AI at the leading edge, it must ensure small- and medium-sized enterprises do not fall too far behind, say Singapore Business Federation CEO Kok Ping Soon and PwC Singapore Executive Chairman Marcus Lam.
46 minutes ago
Oil up 1% as Middle East tension offsets large US crude stocks build
[NEW YORK] Oil prices gained about 1 per cent on Wednesday, as investors worried about escalating tensions between Iran and the US, which were...
53 minutes ago
European shares hit record high as energy stocks surge; tech, financials stumble
EUROPEAN shares closed at a record high on Wednesday, as gains in commodity-related stocks offset weakness in technology and financials, while investors assessed...
58 minutes ago
US stocks: Wall Street muted after strong jobs data nibbles at Fed rate cut bets
THE S&P 500 closed virtually unchanged on Wednesday as a stronger-than-expected employment report eased worries about the economy but also fuelled bets...
1 hour ago
Equinix forecasts annual sales above estimates on AI data center demand
Feb 11 : Equinix forecast annual revenue above estimates on Wednesday, betting on strong artificial intelligence-linked demand for the largest data center operator's services, sending its shares up over 6 per cent in extended trading. As corporations race to integrate generative AI, the surge ...
1 hour ago
Cisco raises annual resulsts forecast fueled by AI demand
Feb 11 : Cisco Systems raised its full-year revenue and adjusted profit forecasts on Wednesday, driven by robust enterprise spending on its networking equipment amid the artificial intelligence boom. A surge in data center investments, fueled by technology companies' need for AI computing inf ...
1 hour ago
Anthropic to shoulder some costs as data center expansions threaten to raise power bills
Feb 11 : Artificial intelligence company Anthropic on Wednesday announced initiatives to limit the impact of data centers on consumer energy prices amid increased investment in power-hungry infrastructure necessary for AI tech.Anthropic will cover all grid upgrade costs needed to connect its data ce ...
3 hours ago
Musk reorganizes xAI after SpaceX merger and ahead of blockbuster IPO
Feb 11 : Elon Musk overhauled xAI's top management on Wednesday, a week after the billionaire merged the artificial intelligence startup with his space company SpaceX.The move comes as SpaceX prepares for one of the biggest IPOs ever. SpaceX said on February 2 it would purchase xAI to create a ...
3 hours ago
Musk says xAI was reorganized, leading to some layoffs
Feb 11 : Elon Musk said on Wednesday that xAI has laid off some employees as part of a broader reorganization aimed at improving efficiency as the artificial intelligence firm expands.The latest changes at xAI come days after Musk's SpaceX said it will purchase xAI to create a $1.25 trillion co ...
3 hours ago
Ackman's hedge fund Pershing Square bets on Meta, exits Hilton
NEW YORK, Feb 11 : Billionaire investor Bill Ackman told clients on Wednesday that his hedge fund bought shares in Meta Platforms late last year, betting the technology giant will benefit from artificial intelligence.Ackman and his investment team, who delivered a 21 per cent return last year, also ...
4 hours ago
Crypto lender BlockFills suspends withdrawals amid faltering bitcoin price
Feb 11 : Crypto liquidity provider and lender BlockFills has halted client deposits and withdrawals amid a downturn in bitcoin prices, in a sign of knock-on impact from the latest crypto market drop.BlockFills, which is based in Chicago, said in a statement on Wednesday that it halted withdrawals la ...
5 hours ago
Meta begins construction of $10 billion Indiana data center to boost AI capabilities
Feb 11 : Meta said on Wednesday that it was breaking ground on a $10 billion data center in Indiana, as it races to secure the massive amounts of computing power needed to support its artificial intelligence ambitions.
5 hours ago
UK Supreme Court ruling on patents and AI is boost for innovation, lawyers say
LONDON, Feb 11 : An artificial neural network, a type of artificial intelligence which can engage in machine learning, can be patented, the United Kingdom's Supreme Court ruled on Wednesday in a decision welcomed by lawyers as a boost for patenting AI innovations.Emotional Perception AI applied ...
7 hours ago
America Movil prepares spending target after Telefonica Chile sells to rivals
MEXICO CITY, Feb 11 : Mexican telecom giant America Movil is preliminarily targeting a capital expenditure of 14 per cent-15 per cent of revenues for 2026 and the coming years, finance chief Carlos Garcia said on Wednesday, following the company's fourth-quarter results.Speaking in a conference ...
7 hours ago
TotalEnergies halves buybacks as low oil, gas prices weigh on profits
It echoes similar moves by its peers – BP has completely suspended buybacks, and Equinor has reduced them by 70%
7 hours ago
Wingtech says it will 'exhaust all legal means' to restore Nexperia control
BEIJING, Feb 11 : Chipmaker Nexperia's Chinese owner Wingtech on Wednesday said it would continue to "exhaust all legal means to restore the company's full control over Nexperia," according to a filing to the Shanghai stock exchange.A Dutch court earlier on Wednesday ordered an i ...
8 hours ago
Stock markets rise as US jobs data beats expectations
LONDON: World stock markets mostly rose on Wednesday (Feb 11) as data showed US job growth beat expectations in January, reassuring investors about the outlook for the world's top economy.The US economy added 130,000 jobs last month, the Department of Labour said, nearly double the amount expec ...
8 hours ago
More investors join legal challenge against South Korea over Coupang data leak handling
Feb 11 : Three more investors have joined Greenoaks and Altimeter in their legal challenge against the government of South Korea, alleging discriminatory treatment of e-commerce firm Coupang and other U.S. companies.Abrams Capital, Durable Capital Partners, and Foxhaven have notified South Korea to ...
8 hours ago
Wall St gains after stronger-than-expected jobs report
[NEW YORK] Wall Street’s main indexes opened higher on Wednesday (Feb 11) following a stronger-than-expected jobs data that pointed to a resilient...
8 hours ago
Sim Leisure expects 'significantly' higher FY2025 from one-off settlement agreement
The Edge Singapore - Sim Leisure Group expects to report "substantially higher" earnings for its 2HFY2025 and FY2025. The company explains that for the year ended Dec 31 2025, it will book a one-off income gain from an amicable settlement in respect of the early termination of the ESCAPE @ KL Base Theme Park a ...
9 hours ago
Dollar rallies after blowout jobs data
NEW YORK, Feb 11 : The dollar rallied against major currencies including the euro and Swiss franc on Wednesday following surprisingly strong employment data that suggested underlying U.S. economic health.U.S. employers added 130,000 jobs in January, surpassing the 70,000 jobs that economists polled ...
9 hours ago
Dollar strengthens versus euro and Swiss franc after blowout jobs data
NEW YORK, Feb 11 : The dollar rallied against the euro and Swiss franc on Wednesday following surprisingly strong employment data that suggested underlying U.S. economic health.U.S. employers added 130,000 jobs in January, surpassing the 70,000 jobs that economists polled by Reuters had estimated, a ...
9 hours ago
Dollar strengthens against peers after blowout jobs data
NEW YORK, Feb 11 : The dollar strengthened against major currencies including the euro and Swiss franc on Wednesday following surprisingly strong employment data that suggested underlying U.S. economic health.U.S. employers added 130,000 jobs in January, surpassing the 70,000 jobs that economists po ...
9 hours ago
Humanoid startup Apptronik raises $520 million with backing from Google and Mercedes-Benz
Feb 11 : Humanoid robotics startup Apptronik raised $520 million in a funding round backed by investors including Google and Mercedes-Benz, the company said on Wednesday, as it seeks to commercialize its robots for industrial use.The round valued the Austin, Texas-based company at about $5 billion, ...
9 hours ago
Soilbuild Construction bags new contracts totalling S$158 million
Chong Xin Wei - The deals enhance revenue visibility and bring group’s order book value to around S$1.07 billion as at end-December
9 hours ago
Tower Semiconductor beats quarterly profit estimates on AI-driven chip demand
Feb 11 : Israeli contract chipmaker Tower Semiconductor beat Wall Street expectations for fourth-quarter profit on Wednesday, helped by demand for its chips for fast data transmission in artificial intelligence infrastructure.U.S.-listed shares were up nearly 5 per cent in premarket trading.Demand f ...
10 hours ago
World’s biggest nickel mine in Indonesia told to cut output
Its 2026 quota is 12 million tonnes of ore production, down from 42 million tonnes in 2025
10 hours ago
ISOTeam reports higher 1HFY2026 earnings by saving on dorm costs
The Edge Singapore - ISOTeam's revenue for the half year ended Dec 2025 was down 18.9% y-o-y to $53 million. However, thanks to improved margins, earnings for the same 1HFY2026 was up 70% to $3.3 million. ISOTeam attributes the better showing to cost savings enjoyed after it housed some of its workers in its own pr ...
10 hours ago
OPEC data indicate small Q2 surplus ahead of key OPEC+ decision on resuming oil output hikes
LONDON, Feb 11 : OPEC on Wednesday forecast world oil demand from the OPEC+ group will drop by 400,000 barrels per day in the second quarter, and published data indicating a small surplus in that quarter ahead of a key decision on whether to resume output increases.World demand for OPEC+ crude will ...
10 hours ago
OPEC sees world demand for OPEC+ crude falling in second quarter
LONDON, Feb 11 : OPEC on Wednesday forecast world oil demand for crude from the wider OPEC+ producer group will drop by 400,000 barrels per day in the second quarter from the first three months of this year, a copy of its monthly oil report on OPEC's website shows.World demand for OPEC+ crude w ...
10 hours ago
Brazilian fintech Agibank raises $240 million in scaled-back US IPO
SAO PAULO, Feb 11 : Agibank said on Wednesday it had raised $240 million in its New York initial public offering, the second Brazilian fintech to tap U.S. capital markets in recent weeks.The Sao Paulo-based digital bank sold 20 million shares at $12 apiece in its scaled-back IPO, compared with the l ...
10 hours ago
Soilbuild wins new contracts worth $158 mil
The Edge Singapore - Soilbuild Construction Group has won new contracts worth $158 million, bringing its order book to $1.07 billion. The recent contracts won include one to build a factory at Seletar West, to be completed by first quarter of 2029. The company, which has floated plans to spin off its precast arm, has al ...