Sandisk surges as robust AI demand powers blowout forecast
Jan 30 : Sandisk shares rallied on Friday, after the data storage firm projected third-quarter profit and revenue well above analysts' estimates and extended a major supply deal, powered by a surge in AI-driven demand for data storage.Its shares were last up 14.7 per cent at $616.5, building on ...
Coliwoo to acquire S$101 million Changi asset from ESR-Reit
Young Zhan Heng - The property’s location in Changi Business Park provides access to an established corporate tenant base
Adidas plans 1-billion-euro share buyback after profits jump
Its operating profit of 164 million euros in Q4 exceeds analyst estimates
Coliwoo buys hotel at Changi Business Park from ESR-REIT for $101 mil
The Edge Singapore - Co-living operator Coliwoo Holdings is acquiring 2 Changi Business Park Avenue 1 for $101 million, in what is its first significant acquisition since its listing last November. The property is now run as Park Avenue Changi and is now held by Viva Trust, a sub-trust of ESR-REIT. The hotel is now part ...
Amex projects upbeat 2026 profit on steady spending by affluent customers
It expects revenue to grow in the range of 9 to 10% – versus expectations of about 9%
What does Kevin Warsh’s nomination mean for the Fed?
Warsh is a loyalist who has declared his alignment with Trump’s views on monetary policy
Galaxy cluster observed forming surprisingly early in universe's history
WASHINGTON, Jan 30 : Observations by NASA's James Webb Space Telescope and Chandra X-ray Observatory are providing fresh evidence that the universe grew up a lot more quickly than previously known, with observations of a galaxy cluster forming sooner after the Big Bang than once thought possibl ...
Reclaims Global plans one-for-one bonus share issue
The Edge Singapore - Reclaims Global is planning a one-for-one bonus share issue to improve accessibility for investors. From 151 million shares now, the company's share base will double. With a bigger number of shares, it can tap a wider base of investors, potentially facilitating greater trading liquidity and inv ...
Wall Street opens lower after Trump picks Fed critic Kevin Warsh to succeed Jerome Powell
[NEW YORK] US stocks opened lower on Friday (Jan 30) after US President Donald Trump nominated former Federal Reserve governor Kevin Warsh...
iWow Technology plans to acquire company providing meals for elderly for $11.2 mil
The Edge Singapore - iWow Technology plans to acquire a business that provides meals designed for the elderly, in its bid to tap the growing silver economy. iWow is now in the business of providing monitoring systems. Under terms of a non-binding term sheet, iWow will pay $11.2 million, which will consist of $7.2 millio ...
Charter Communications sheds fewer broadband subscribers than expected, shares rise
Jan 30 : Charter Communications reported a smaller-than-expected quarterly decline in broadband subscribers on Friday, a signal that its strategy of bundling mobile and internet services is stemming losses in its core user base.Shares of the Stamford, Connecticut-based company rose over 10 per cen ...
Roundophobia could set in as STI approaches 5,000 but uptrend should stay intact
Goola Warden - Roundophobia is a term coined by a technical analyst popular in the 1980s, David Fuller. It means a fear of round numbers for the stock market. 5,000 is such a number. It just so happens that as the Straits Times Index approaches 5,000, technical indicators are somewhat overstretched. Short term 21- ...
Stocks fall, dollar rises after Trump taps Warsh for Fed, inflation data
NEW YORK, Jan 30 : Global stocks declined for a second straight session on Friday, while the dollar rose, after U.S. President Donald Trump tapped former Federal Reserve governor Kevin Warsh as the next chair of the central bank, while a reading on inflation was stronger than expected.Warsh is a fre ...
Stocks edge higher as Trump announces Kevin Warsh as Fed pick
LONDON, Jan 30 : Global stocks edged higher on Friday, while the dollar rose and gold plunged after U.S. President Donald Trump nominatedKevin Warsh as his pick for the next Federal Reserve Chair.Warsh, a former Fed governor, is seen as an advocate of lower interest rates, but he is also considered ...
AstraZeneca strikes deal for up to US$18.5 billion to license weight-loss drugs from China's CSPC
The deal builds on existing collaboration between the companies in areas such as artificial intelligence
Trump picks a reinvented Kevin Warsh to lead the Federal Reserve
Catarina Saraiva / Bloomberg - President Donald Trump said he intends to nominate Kevin Warsh to be the next chair of the Federal Reserve, according to a post on his Truth Social platform. “I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best,” T ...
Indian e-commerce firm Meesho's quarterly loss spikes on higher expenses
Jan 30 : Indian e-commerce firm Meesho's quarterly loss widened sharply in its first earnings report since the blockbuster market debut in December last year, as costs rose.The firm's consolidated net loss widened to 4.91 billion rupees ($53.44 million) for the quarter ended December 31, c ...
Indian e-commerce firm Meesho's quarterly loss spikes as it ramps up marketing
Jan 30 : Indian e-commerce firm Meesho's quarterly loss widened sharply in its first earnings report since its blockbuster market debut in December last year, as costs rose.The firm's consolidated net loss widened 13-fold to 4.91 billion rupees ($53.44 million) for the quarter ended Decemb ...
Hong Kong regulator ramps up warnings over poor IPO filings
Securities and Futures Commission flags that teams are unfamiliar with regulatory requirements and lack the experience to handle applications
US dollar gains as Warsh named next Fed Chair
NEW YORK, Jan 30 : The U.S. dollar gained on Friday after former Federal Reserve Governor Kevin Warsh was selected to be the next Fed Chair, and as the U.S. currency recovered from a sharp selloff earlier in the week that analysts say was overdone in the short-term.President Donald Trump on Friday c ...
Fintech lender SoFi profit jumps on strong growth in fee‑based businesses
Jan 30 : SoFi Technologies reported a rise in fourth-quarter profit on Friday, lifted by strong loan demand and rapid growth in its fee‑based businesses.Fintech lenders have become popular among young customers, who favor faster, app-based platforms over traditional banks that rely heavily on bran ...
Trump nominates former Fed official Kevin Warsh to succeed Jerome Powell as Fed chair
Move signals a potential pivot towards lower rates as US president puts his stamp on American economy
Hong Kong watchdog flags IPO application failings, steps up scrutiny
HONG KONG, Jan 30 : Hong Kong's securities regulator said on Friday it had identified "serious deficiencies" in IPO listing applications and was stepping up scrutiny, calling a halt to the vetting of some and telling banks to review their procedures.The Securities and Futures Commissi ...
ExxonMobil beats Wall Street targets for Q4 profit with help from lower-cost oil production
Full-year 2025 adjusted profit declines by a narrower margin of 10%
SGX to launch three new SDRs on Feb 2, including Chinese gold producer Zijin Gold
Shikhar Gupta - Singapore Depository Receipts’ daily turnover grows 10 times year on year to S$12 million
Verizon forecasts upbeat annual profit as wireless subscriber growth hits six-year high
Jan 30 : Verizon forecast annual profit and free cash flow above market expectations on Friday, as aggressive promotions during peak holiday period helped the U.S. carrier post its highest quarterly wireless subscriber additions in six years.Shares of the company rose 4 per cent in premarket trading ...
Swatch flags positive sales momentum, lifting shares
The sales decline in China, Hong Kong, and Macau is lower in the second half
Baby long-necked dinosaurs were a 'perfect snack' for predators
WASHINGTON, Jan 30 : It may have been suicidal for a predator to go after a healthy adult Brachiosaurus, a behemoth weighing perhaps 60 tons that was a member of the long-necked group of dinosaurs called sauropods that included the largest land animals ever on Earth.But, as new research shows, Brach ...
Meta faces New Mexico trial over child-exploitation claims
Jan 30 : Meta Platforms is set to face trial next week in a lawsuit brought by the state of New Mexico accusing it of exposing children and teens to sexual exploitation on its platforms and profiting from it, the first case of its kind against the social media giant to reach a jury.The lawsuit, brou ...
Lim Kok Thay appointed as new RWS chairman, director
Young Zhan Heng - The 74-year-old billionaire is acting CEO of Genting Singapore, and son of Genting founder Lim Goh Tong
Oil holds near six-month high as investors track US-Iran tensions
LONDON, Jan 30 : Oil prices consolidated their recent gains and held near six- month highs on Friday, supported by concerns over the tensions between Iran and the U.S.Brent crude futures were down 7 cents to $70.64 a barrel by 10:30 a.m. ET (1531 GMT). The March contract expires later on Friday. The ...
Oil edges lower after Trump signals dialogue with Iran over nuclear programme
LONDON, Jan 30 : Oil prices slipped on Friday on signs that the U.S. may engage in dialogue with Iran over its nuclear programme, reducing concern over potential supply disruptions from a U.S. attack.Brent crude futures were down 21 cents, or 0.3 per cent, at $70.50 a barrel by 1219 GMT. The March c ...
Oil slides as Trump signals dialogue with Iran over nuclear programme
LONDON, Jan 30 : Oil prices fell nearly 1 per cent on Friday on signs the U.S. may engage in dialogue with Iran over its nuclear programme, reducing concern over potential supply disruptions from a U.S. attack.Brent crude futures fell 68 cents, or nearly 1 per cent, to $70.03 a barrel by 0958 GMT. T ...
Gold tumbles below US$5,000, dragging other metals lower
Other precious metals drop sharply as profit-taking kicked in
