Deutsche Bank, DWS eye stake in Fosun-controlled firm, Bloomberg News reports
Jan 28 : Deutsche Bank AG and its asset management arm DWS Group are weighing a move to inject fresh capital in exchange for a significant minority stake in Fosun International-controlled life insurance consolidator Frankfurter Leben, Bloomberg News reported on Wednesday. Reuters could not immediat ...
Exclusive-White House set to meet with banks, crypto companies on legislation clash
Jan 28 : The White House on Monday will meet with executives from the banking and cryptocurrency industries to discuss a path forward for landmark crypto legislation which has stalled due to a clash between the two powerful sectors, said three people familiar with the matter. The summit hosted by t ...
US seeks interest from states in nuclear waste and reprocessing sites
WASHINGTON, Jan 28 : The U.S. said on Wednesday it is seeking input from U.S. states on any interest they have in hosting sites for developing the nuclear fuel lifecycle, which includes storing nuclear waste and spent fuel reprocessing. The sites, which the U.S. Energy Department called Nuclear Life ...
Bessent says US has strong dollar policy, 'absolutely not' intervening to support yen
WASHINGTON, Jan 28 : The U.S. has a strong dollar policy and that means setting the right fundamentals, U.S. Treasury Secretary Scott Bessent said on Wednesday, while denying that Washington was intervening in currency markets to support the Japanese yen.Asked on CNBC if the U.S. was intervening to ...
Google to pay $135 million to settle Android data transfer lawsuit
Jan 28 : Google will pay $135 million to settle a proposed class action by smartphone users who accused Google of programming its Android operating system to collect their cellular data without permission.A preliminary settlement with the Alphabet unit was filed late Tuesday night in the San Jose, C ...
EU needs digital euro to become independent from US, says EU's Dombrovskis
BRUSSELS, Jan 28 : The European Union needs to quickly create a digital euro to cut the bloc's dependence on dominant U.S. payment companies, Economic Commissioner Valdis Dombrovskis said on Wednesday.The European Central Bank has been working to introduce a digital euro since 2020 to modernise ...
S&P 500 crosses 7,000 ahead of Fed decision, Big Tech earnings
[NEW YORK] The S&P 500 opened at 7,000 mark on Wednesday (Jan 28), while the Nasdaq inched towards a record high, fuelled...
Tether CEO aims to allocate up to 15% of its portfolio to gold
LONDON, Jan 28 : Tether plans to allocate 10 per cent–15 per cent of its investment portfolio to physical gold, the crypto group's CEO Paolo Ardoino said, adding to the bullion which it says already backs some of its products.El Salvador-headquartered Tether said it has about 130 metric tons ...
Snap doubles down on smart glasses with new independent unit
Jan 28 : Snap will create an independent subsidiary for its augmented reality smart glasses, as it looks to attract external investment and challenge bigger rival Meta in the fast-growing wearables market.The launch of the Specs unit, announced on Wednesday, comes as the success of Ray-Ban Meta sma ...
Snap seeks investments as new smart glasses unit takes on Meta
Jan 28 : Snap will create an independent subsidiary for its augmented reality smart glasses, as it looks to attract external investment and challenge bigger rival Meta in the fast-growing wearables market.The launch of the Specs unit, announced on Wednesday, comes as the success of Ray-Ban Meta sma ...
Spotify says it made record payout of more than $11 billion to music industry in 2025
Jan 28 : Spotify said on Wednesday it had paid out more than $11 billion to the music industry last year, adding that it was the largest annual payment to music from a retailer in history.The Swedish streaming platform said in a blog post that its payouts in 2025 grew by more than 10 per cent from a ...
Starbucks beats Q1 global comparable sales estimate as demand rebounds
Comparable sales rose 4% in North America, marking their first gains in nearly two years
13 SGX counters qualify for reduced board lot size
Koh Kim Xuan - Under proposed changes, investors could buy shares of these companies in lots of 10, instead of the current 100
CP Invest sells 76,300 iFast shares for $10.39 apiece
Felicia Tan - CP Invest, a subsidiary of Cuscaden Peak Investments, has sold 76,300 shares via the market. The sale, dated Jan 26, netted CP Invest $792,695.96 or $10.39 apiece. Following the transaction, CP Invest’s stake is now at 4.97%, down from 5%. iFast will report its FY2025 results after market hours on ...
Mapletree Industrial Trust Q3 DPU falls 7% to S$0.0317
Jessie Lim - The manager remains committed to its divestment target of S$500 million to S$600 million in North America
Mapletree Industrial Trust reports 3QFY2026 DPU of 3.17 cents, 7% lower y-o-y
Felicia Tan - Mapletree Industrial Trust (MINT) has reported a distribution per unit (DPU) of 3.17 cents for the 3QFY2026 ended Dec 31, 2025, 7% lower y-o-y. Excluding divestment gains, the REIT’s DPU remained unchanged, but stood 3.9% lower y-o-y. On a q-o-q basis, DPU fell by 0.3%. MINT also had 2.853 billion ...
Corning forecasts first-quarter sales above estimates on strong optical fiber demand
Jan 28 : Corning on Wednesday forecast first-quarter sales above estimates, boosted by resilient demand for its fiber‑optic products, which generate nearly 40 per cent of the company's revenue.The Gorilla Glass maker, a key supplier to Apple, has stepped up investment in its optical communica ...
US megacap results to test market's tech trade, profit optimism
NEW YORK, Jan 28 : Stakes are high for earnings reports from U.S. megacap companies this week, as investors seek proof that strong profit growth will lift stocks this year, including evidence that artificial-intelligence investments are paying off.Reports are due from Microsoft, Apple, Facebook pare ...
Over S$1.2 million in losses foiled by UOB in 2025 amid resurgence in gold bar scams
The largest case involves 5kg of gold valued at around S$700,000
Ho Bee Land appoints Li Xiangrun as new CFO
Young Zhan Heng - He joined the property developer in June 2023
EU space agency signs contract to launch Galileo satellites with Ariane 6
BRUSSELS, Jan 28 : The European Union Agency for the Space Programme (EUSPA) has announced the signing of a new contract to launch second-generation Galileo satellites with Europe's Ariane 6 rocket launcher. Under the contract, announced on Tuesday, the Ariane 6 system - which completed its fir ...
AT&T bets on fiber, spectrum deals to forecast annual profit above expectations
Jan 28 : AT&T forecast annual profit above market expectations on Wednesday, on bets that its wireless and fiber network expansion would allow the U.S. carrier to tap growing 5G and high-speed internet demand. Shares of the company rose about 7 per cent in premarket trading. The bullish forecast ...
Texas Instruments shares jump as first-quarter outlook signals robust AI data center demand
Jan 28 : Texas Instruments' shares gained 7 per cent in premarket trading on Wednesday after its rosy quarterly forecast showed the AI data center boom was driving demand for chips beyond Nvidia's advanced processors.TI on Tuesday forecast first-quarter profit and revenue above estimates, ...
Amazon cuts 16,000 jobs globally to undo pandemic-era hiring amid AI push
The job cuts also underscore how artificial intelligence is changing corporate workforce dynamics
High Court orders winding-up of TT International
Young Zhan Heng - The liquidation marks the end of a long and complex chapter involving the group and Big Box mall
Share of loss-making deals in condo resales creeps up in Q4: report
Ry-Anne Lim - The biggest losers were mainly in the prime Core Central Region, with losses of S$407,531 to S$2.2 million
Sembcorp expands Micron power deal to support AI growth
Shikhar Gupta - The chipmaker has begun construction on a Woodlands facility as part of a US$24 billion investment
UK regulator proposes changes to Google search for publishers
LONDON, Jan 28 : Britain's competition regulator on Wednesday proposed a package of measures that it said would improve Google search services in the country, including making sure publishers get a fairer deal over how their content is used in the engine's AI overviews. Google said in resp ...
UK pushes Google to allow sites to opt out of AI overviews
LONDON, Jan 28 : Britain said it wanted Google to change its search services to give businesses and consumers more choice, including allowing publishers to "opt out" of their content being used in AI overviews or to train standalone AI models.The proposals come after the Competition and Ma ...
Singapore shares fall amid mixed regional showing; STI down 0.3%
Tay Peck Gek - The iEdge Singapore Next 50 Index, meanwhile, is up 0.5%
Kazakhstan says it submits formal bid to US to acquire local Lukoil assets
ASTANA, Jan 28 : Kazakhstan has submitted a formal bid to the U.S. authorities to acquire Russian oil producer Lukoil's stakes in the country's energy projects, Energy Minister Yerlan Akkenzhenov said on Wednesday. Lukoil was sanctioned by the U.S. last October in what Washington said was ...
Noel Gifts International issues profit warning
The Edge Singapore - Noel Gifts International warns that it will report a net loss of around $0.05 million for its 1FH2Y2026 ended Dec 31 2025. Nonetheless, the expected bottom line will still be an improvement from net loss of $1.1 million incurred in 1HFY2025. The company attributes the lower net loss to higher revenu ...
Sembcorp expands power supply agreement to Micron
The Edge Singapore - Sembcorp Industries has won an expanded an existing 18-year power supply agreement from Micron Technology. Under the agreement first signed in 2023, Sembcorp has been supplying 450MW to the US semicon firm's Singapore operations. Micron on Jan 27 announced an expansion of its presence here with ...
Inside Italy's cyber command as it braces for AI-driven threats to the Winter Games
ROME, Jan 28 : Inside a modern government building facing the third‑century Aurelian walls in Rome, dozens of specialists have spent the past year monitoring criminal chatter on the dark web as part of Italy's push to shield the Winter Olympics from cyberattacks.The National Cybersecurity Age ...
