2 days ago
Amazon shares plunge as AI costs climb
Strong sales fail to calm market fears over soaring AI and infrastructure spending.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Stocks, bitcoin regain some ground along with precious metals
NEW YORK/ LONDON, Feb 6 : MSCI's global equities gauge was advancing solidly on Friday after falling in five of the last six sessions, while bitcoin also attempted a comeback from its sharp selloff and spot gold and silver attempted to regain some lost ground.Oil prices were choppy on Friday as ...
2 days ago
Stocks, bitcoin rally, regaining some lost ground with precious metals
NEW YORK/ LONDON, Feb 6 : MSCI's global equities gauge rallied 1.5 per cent on Friday for its strongest advance in months, after falling in five of the prior six sessions, while bitcoin also bounced from a sharp selloff and spot gold and silver prices regained some lost ground.Oil prices settle ...
2 days ago
Big Tech's quarter in four charts: AI splurge and cloud growth
Feb 6 : U.S. tech giants have predicted their spending would surge this year as they double down on artificial intelligence, sharpening investor scrutiny over whether these costly bets would generate enough returns to justify the sector's high valuations.The group - including Alphabet, Microsof ...
2 days ago
Amazon shares slide as US$200 billion outlay fans fears over AI returns
Big tech’s massive AI spending hike surprises analysts, raising doubts over whether returns can keep pace
2 days ago
China flexes its muscle at Singapore Airshow as US isolated
Beijing sharpening its bid for influence in South-east Asia
2 days ago
TikTok accused of breaching EU online content rules
EU tech regulators say the app may have to change its ‘addictive design’ featuring infinite scroll and autoplay
2 days ago
AI trade splinters as investors get more selective
LONDON, Feb 6 : The global AI trade is starting to fracture as soaring capex, rising debt loads and doubts over who will profit from the technology force investors to draw sharper lines. Markets are now splitting across stocks, sectors and even regions.When ChatGPT launched in November 2022, anythin ...
2 days ago
Creative CEO to also be its chairman; cousin Chew Kian Giap added to board
Sharanya Pillai - Late founder Sim Wong Hoo’s brother will relinquish his director role from Feb 17
2 days ago
Salzgitter to take over HKM steel joint venture, end clash with Thyssenkrupp
FRANKFURT, Feb 6 : Salzgitter on Friday said it planned to buy out the co-owners of steel joint venture HKM to become the company's sole owner from mid-2026, potentially ending a spat with Thyssenkrupp over the future of the business.A solution around HKM, owned by Salzgitter, Thyssenkrupp Stee ...
2 days ago
Wall Street rebounds after week-long tech rout, Amazon down on AI capex jump
[NEW YORK] Wall Street’s main indexes opened higher on Friday (Feb 6) following a bruising sell-off in technology shares through the week,...
2 days ago
Goldman, JPMorgan and Bank of America boost banker, trader bonus pools by at least 10%
The payouts reflect a strong year for the US largest banks
2 days ago
Societe Generale launches 1.5 billion euro buyback after profit beat estimates
The reacquisition follows two extraordinary share repurchase programmes launched in 2025, worth one billion euros each
2 days ago
Bank of England cautious about risks from expected dip in inflation
[LONDON] Bank of England chief economist Huw Pill said on Friday (Feb 6) that there was a risk that the central bank...
2 days ago
Singapore assets remain a safe haven as volatility engulfs bitcoin and gold
Goola Warden - Market focus globally has been on a very sharp decline — some say crash — of bitcoin. Technically, bitcoin’s 21-day RSI hit the oversold line on Feb 5, falling to as low of 21 before rebounding to 27 on Feb 6. Directional movement indicators were also at extremes with -DI at 40, the highest le ...
2 days ago
Capital Tower’s $25 mil upgrade to add mental wellness centre, keep Fitness First gym
Jovi Ho - Singapore’s largest REIT is spending $25 million to upgrade the tower housing its headquarters by repositioning two floors for the community. Capital Tower, a 52-storey Grade A office building at 168 Robinson Road, will undergo refurbishment works on its ninth floor. In addition, the lobby of the ...
2 days ago
Indonesia's Danantara fund launches natural resources processing projects worth $7 billion
JAKARTA, Feb 6 : Indonesia's sovereign wealth fund Danantara Indonesia on Friday launched six projects in the natural resources processing sector valued at $7 billion, including a green energy refinery project by state-run Pertamina, the fund's chief said.The other projects included constr ...
2 days ago
Frasers Property logs S$1.4 billion in pre-sold residential revenue, boosted by China sales
Sharanya Pillai - The China market contributed S$500 million as at end-2025
2 days ago
Global chip sales expected to hit $1 trillion this year, industry group says
SAN FRANCISCO, Feb 6 : Global semiconductor sales are expected to hit $1 trillion this year, the Semiconductor Industry Association said on Friday.The group, which represents most U.S. chip firms, said that chip sales hit $791.7 billion in 2025, an increase of 25.6 per cent over the previous year. ...
2 days ago
Chairman of Malaysia's IJM Corp detained in anti-graft probe
The arrest happened at the agency’s headquarters following a raid on the suspect’s home
2 days ago
Australian laser maker EOS opens production centre in Singapore
The centre will produce EOS’s 100 kilowatt-class laser weapon system for Dutch and Korean customers
2 days ago
Creative's CEO Sim Li Ern takes on executive chairman role; cousin Chew Kian Giap joins board too
The Edge Singapore - The board of Creative Technology has been refreshed, with CEO Sim Li Ern taking on the additional role as executive chairman of the company. In addition, his cousin, Chew Kian Giap, has been named a non-executive, non-independent director. Both Sim Li Ern and Chew are nephews of the late Sim Wong Ho ...
2 days ago
World’s largest pig breeder Muyuan up 3.9% in Hong Kong debut; Han’s CNC jumps nearly 15%
Muyuan’s HK$10.7 billion listing proceeds makes it the largest IPO since Zijin Gold International’s debut last September
2 days ago
Chuan Hup's earnings jump more than three times to US$2.1 million
Lin Daoyi - Chuan Hup Holdings has reported net profit of US$2.1 ($2.67) million for the half-year ended Dec 31, 2025. This represents a y-o-y increase of US$1.5 million or an improvement exceeding three times. The company attributes the stronger performance to disposal gains of investment securities of US$0.8 ...
2 days ago
New AI method helps identify which dinosaur made which footprints
WASHINGTON, Feb 6 : Footprints are among the most common kind of dinosaur fossils. Sometimes scientists find a single, lonely footprint. Sometimes they come across a chaotic jumble of tracks resembling a dance floor, sort of a dinosaur discotheque. But identifying which dinosaur left which track has ...
2 days ago
Tech stock shakeout clouds market ahead of economic data deluge
NEW YORK, Feb 6 : An artificial intelligence-driven shakeout in the heavyweight technology sector is set to keep stock investors on edge in the coming week while a barrage of data could shift focus to the health of the economy.A deepening rout among software stocks has commanded Wall Street's a ...
2 days ago
TikTok hit with charges of breaching EU online content rules, app may have to change
BRUSSELS, Feb 6 : Social media app TikTok was charged by EU tech regulators on Friday with breaching EU online content rules through its addictive features and was told that it may have to change the design of its app or risk a fine of as much as 6 per cent of owner ByteDance's global turnover. ...
2 days ago
TikTok charged for breaching EU rules with app's addictive features
BRUSSELS, Feb 6 : TikTok was charged on Friday with breaching EU online content rules over what the bloc's regulator said were its addictive features and was told to change the design of its app or risk a fine of as much as 6 per cent of owner ByteDance's global turnover.The EU watchdog� ...
2 days ago
TikTok charged with breaching EU rules over app's addictive features
BRUSSELS, Feb 6 : TikTok was charged on Friday with breaching EU online content rules over what the bloc's regulator said were its addictive features and was told to change the design of its app or risk a fine of as much as 6 per cent of owner ByteDance's global turnover.The EU watchdog� ...
2 days ago
Ever Glory wins new contracts worth $508 million in 2025
The Edge Singapore - Ever Glory United Holdings has won contracts totalling $508.0 million last year, lifting its total order book to $732.8 million as of December 2025. The contracts are for works to be done for projects across different sectors, including public utility work, such as the maintenance of street lighting ...
2 days ago
Amazon shares slide as $200 billion outlay fans fears over AI returns
Feb 6 : Amazon.com shares slid 9 per cent on Friday after the company outlined a planned $200 billion capital outlay for the year, stoking investor concerns about the scale of Big Tech's spending on artificial intelligence.Amazon on Thursday joined rivals in forecasting sharply higher expenditu ...
2 days ago
Amazon shares sink as Big Tech's AI spending plans worry investors
Feb 6 : Amazon shares dropped 8 per cent in premarket trading on Friday after the company's hefty capital expenditure plans deepened investor worries over Big Tech's spending spree on artificial intelligence.Massive AI spending by companies - estimated to be more than $600 billion this yea ...
2 days ago
Big Tech's $600 billion spending plans exacerbate investors' AI headache
LONDON, Feb 6 : A planned $600 billion artificial intelligence spending splurge by big tech firms in 2026 is adding to investor unease as they assess the implications for profitability as well as a potential existential threat to software firms.Amazon, which said its capital expenditure could double ...
2 days ago
Global software, data firms slide as AI disruption fears compound jitters over $600 billion capex plans
LONDON, Feb 6 : Global technology and data stocks slid again on Friday, as a rout showed no signs of abating on worries over the impact of powerful new AI models on their business and the billions hyperscalers plan to spend on their tech roll out this year.The risks to software and data and analytic ...