Drugmakers turn to AI to speed trials, regulatory submissions
SAN FRANCISCO, Jan 26 : Artificial intelligence has yet to deliver on the most challenging aspect of drug development - finding new molecules that lead to major medical advances - but it is already streamlining less glamorous parts of the process, industry executives say.AI is helping find participa ...
Mapletree Logistics Trust Q3 DPU falls 9.3% to S$0.01816
Jessie Lim - Amount distributable to unitholders declines 8.5% year on year to S$92.7 million in Q3
Mapletree Logistics Trust Q3 DPU falls to S$0.01816
Jessie Lim - Distributable income declines 8.1% year on year to S$98.4 million in Q3
Gold miner shares jump as bullion prices hit $5,100/oz record high
Jan 26 : Shares of gold miners jumped in premarket trading on Monday, as bullion prices surged to a record high of $5,100 an ounce, extending a historic rally driven by safe-haven demand amid geopolitical uncertainties and market volatility.Gold rose about 64 per cent in 2025, its steepest annual in ...
ISOTeam wins contracts worth $26.6 million, total order book reaches $176.2 million
The Edge Singapore - ISOTeam has won numerous contracts worth a total of $26.6 million since the start of the year, bringing its order book to $176.2 million. The contracts range from painting to repair and redecoration works. "This latest set of contract wins is a good start to the year for ISOTeam," says gro ...
South Korea's Hyundai Steel plans $2.9 billion capital increase for US steel plant
SEOUL, Jan 26 : South Korea's Hyundai Steel said in a regulatory filing on Monday its affiliate Hyundai-POSCO Louisiana LLC plans a capital increase worth $2.9 billion for facilities investment in a US steel plant.The move follows Hyundai Steel's announcement last year it and its parent Hy ...
EU opens investigation into X over Grok sexualised imagery, lawmaker says
LONDON, Jan 26 : The European Commission has launched an investigation into Elon Musk's AI chatbot Grok over the production of explicit imagery, Regina Doherty, a member of the European parliament representing Ireland, said in a statement on Monday.The investigation will assess whether X has co ...
EU opens investigation into X over Grok's sexualised imagery, lawmaker says
LONDON, Jan 26 : The European Commission has launched an investigation into Elon Musk's AI chatbot Grok over the production of explicit imagery, Regina Doherty, a member of the European parliament representing Ireland, said in a statement on Monday.“I welcome the Commission’s decision to op ...
JP Morgan lifts price target for UOL to $12.05 citing residential landbank, value unlock programme
The Edge Singapore - On Jan 26, JP Morgan raised its price target for UOL Group to $12.05, from $10.15 previously. UOL has a few strong trailwinds, the report says. The Singapore residential property market remains underpinned by stable demand and UOL has acquired some plum sites. On Jan 14, UOL along with CapitaLand De ...
EDIS a substantial shareholder of Addvalue Technologies following conversion of bonds to shares
The Edge Singapore - The Economic Development Innovations Singapore, or EDIS, has emerged as a substantial shareholder of Addvalue Technologies, one of the top performing stocks last year. This follows the conversion from bonds to shares worth $2,148,227 at 1.7 cents each. From an initial stake of 3.02%, EDIS now holds ...
Banking trio ends lower, weighing on STI
Tay Peck Gek - Across the broader market, decliners outnumber gainers 310 to 259 after 1.6 billion securities worth S$1.7 billion change hands
Sri Lanka central bank likely to hold rates ahead of IMF review: Reuters Poll
COLOMBO, Jan 26 : Sri Lanka's central bank is expected to maintain its key interest rate at 7.75 per cent on Wednesday, a Reuters poll found, as an International Monetary Fund delegation reviews the sixth tranche of a crucial $2.9 billion package.The poll of a dozen economists unanimously forec ...
Enviro-Hub suffers from cyberattack
The Edge Singapore - Enviro-Hub Holdings says that it servers have been hacked and that an "unknown" party has gained "unauthorised" access. The company says that upon discovery of the attack, it had immediately implemented containment and remediation measures. It has also engaged external experts to ...
Mapletree Logistics Trust 3QFY2026 DPU down 9.3% y-o-y but up 0.1% q-o-q
The Edge Singapore - Mapletree Logistics Trust has reported DPU of 1.816 cents for its 3QFY2026 ended December, down 9.3% y-o-y but up 0.1% q-o-q. Net property income for the same quarter ended Dec 2025 was $152 million, down 3.3% y-o-y; gross revenue was down 3.1% y-o-y to $176.8 million. The lower numbers are because ...
BOJ money market data suggests Japan did not intervene in currency market on Friday
TOKYO, Jan 26 : Bank of Japan money market data on Monday indicated that a spike in the yen rate against the dollar on Friday was not likely the product of official Japanese intervention.The central bank's projection for Tuesday's money market conditions indicated a 630 billion yen ($4.09 ...
ST Engineering wins contract to supply next generation infantry fighting vehicles to Singapore
The Edge Singapore - ST Engineering has won a contract from the Ministry of Defence to produce a fleet of next generation infantry fighting vehicles. The contract value was not disclosed. As of last September, the company's order book was already around $32.6 billion. The IFVs are to be delivered from 2028 onwards, ...
Oil prices steady as end of European outages counters US disruption
LONDON, Jan 26 : Oil prices steadied on Monday after climbing more than 2 per cent in the previous session on output disruptions in U.S. crude-producing regions and tensions between the U.S. and Iran. Brent crude futures dipped 7 cents, or 0.1 per cent, to $65.81 a barrel by 1251 GMT. U.S. West Tex ...
Oil prices rise as harsh winter disrupts US output
LONDON, Jan 26 : Oil prices edged higher on Monday after climbing more than 2 per cent in the previous session, as output disruptions in major U.S. crude-producing regions and tensions between the U.S. and Iran boosted prices. Brent crude futures rose 23 cents, or 0.4 per cent, to $66.11 a barrel a ...
EU Commission to open proceedings against Grok on Monday, reports Handelsblatt
BERLIN, Jan 26 : The EU Commission will open proceedings against Elon Musk's AI chatbot Grok under the Digital Services Act on Monday, Germany's Handelsblatt reported on Monday, citing three high-ranking EU officials. The tougher measures are intended to compel Musk's company xAi to w ...
US rate check masks stiff hurdle to coordinated yen intervention
TOKYO, Jan 26 : The unusual rate check by the New York Federal Reserve that triggered a spike in the stubbornly weak yen has lowered the threshold for intervention, but coordinated Japan-U.S. selling of dollars still looks highly unlikely at this stage.The Fed's action late on Friday was the st ...
BOJ sees boost to inflation from weak yen becoming larger
TOKYO, Jan 26 : A weak yen has an increasing impact on Japan's inflation as firms actively pass on rising costs, the central bank said on Monday, signalling its vigilance over mounting price pressures that may warrant more rises in interest rates.In an analysis of a weak-yen shock, inflation wa ...
South Korea pension fund lowers foreign stock target to support won
SEOUL, Jan 26 : South Korea's state-run NPS pension fund has lowered its target ratio for foreign stock holdings to support the won, the welfare ministry said on Monday, sending the currency higher.The ministry oversees the investment policies of the NPS, the world's third-largest public p ...
South Korea to review pension fund portfolios amid FX volatility, stock rally
SEOUL, Jan 26 : South Korea's Welfare Minister said on Monday that the ministry will discuss ways to improve the National Pension Fund's investment portfolios in response to heightened currency market volatility and a rally in the domestic stock market."Today, we will review our portf ...
Court imposes freezing order on Autobahn group companies, directors amid allegations of fraud and bad faith
Derryn Wong - Car distributors contend that forged documents were used to double finance car loans; almost 300 cars meant for repossession cannot be located
Singapore turns to next-generation power systems to scale AI, train future workforce
Young Zhan Heng - This comes as the Republic transitions to a low-carbon energy grid while advancing regional net-zero ambitions
Strong December factory output to drive upward revision in Singapore’s Q4 growth: economists
Tessa Oh - Factory output expands 8.3% year on year in the final month of 2025, beating economists’ expectations
Singapore factory activity rises 8.3% in December, beating expectations
Tessa Oh - Excluding the volatile biomedical cluster, manufacturing output is 16%
SoftBank stops talks to buy data centre firm Switch
Founder Masayoshi Son pursued a deal of around US$50 billion for Switch
Blackstone eyes more hiring in Asia to tap private market demand
The alternative asset manager sees huge potential from bringing private markets to individual investors
India, EU move closer to ‘mother of all deals’ as trade talks gain urgency amid global shifts
Indian Foreign Secretary Vikram Misri said recent global developments have injected fresh urgency into the process.
British banks to join European rivals in hiking profit targets: sources
In continental Europe, many banks have already lifted their profit goals, signalling confidence higher margins will last for years
British banks to join European rivals in hiking profit targets, sources say
Barclays and HSBC report their earnings on Feb 10 and Feb 25, respectively
Morning Bid: Yen's wild ride has markets nervous
A look at the day ahead in European and global markets from Ankur BanerjeeThe Japanese yen is set to hog the limelight again as the spectre of the first joint U.S.-Japan currency intervention in 15 years looms large, although investors are none the wiser on when and how authorities may step in. The ...
India to slash tariffs on cars to 40% in trade deal with EU: sources
New Delhi currently levies tariffs of 70% and 110% on imported cars
