Uber forecasts profit below estimates on cheaper rides and higher taxes
Feb 4 : Uber Technologies forecast first-quarter profit below expectations and fourth-quarter estimates on Wednesday, weighed down by higher taxes and an increase in more affordable ride options aimed to boost bookings.Shares fell more than 8 per cent in premarket trading after the ride-hailing comp ...
TikTok extremely cooperative with EU's probe on Romania election, Commission spokesperson says
BRUSSELS, Feb 4 : Social media firm TikTok is "extremely cooperative" with the European Commission's ongoing investigation on potential interference in the 2024 Romanian elections, Commission spokesperson Thomas Regnier said on Wednesday."This also shows that when you want to eng ...
Indonesia unveils new draft market regulations after US$80 billion rout
The draft regulations will be open for feedback from industry stakeholders and the public
GCL says Musk's delegation visited company, Chinese state media reports
BEIJING, Feb 4 : Chinese solar panel maker GCL Group said a delegation from companies led by Elon Musk visited on Wednesday, Chinese state media outlet Securities Times reported.It came as Chinese local media reported that teams sent by Musk visited several Chinese solar firms days after he announce ...
Cognizant forecasts annual revenue above estimates on strong AI demand
Feb 4 : Cognizant Technology forecast annual revenue above Wall Street estimates on Wednesday, betting on strong demand for its IT services as businesses adopt artificial intelligence into their workflows.The company has benefited from enterprise clients prioritizing AI-related digital projects, wi ...
Anthropic's new AI tools deepen selloff in data analytics and software stocks, investors say
NEW YORK/LONDON, Feb 3 : A significant selloff among U.S. and European data analytics, professional services and software companies deepened on Tuesday, with some investors pointing to a recently updated artificial intelligence chatbot by Anthropic as the main culprit. AI developer Anthropic launch ...
EC World Reit loses appeal over unauthorised mortgage of key Hangzhou property; manager to seek re-trial
Deon Loke - The manager says the legal defeat will not require further adjustments to financial statements
Amazon's physical grocery push deepens its fight against rival Walmart
NEW YORK, Feb 4 : Amazon was once the upstart running ahead of Walmart with its revolutionary e-commerce business. It now finds itself betting on the kind of mega-store typically associated with its Bentonville, Arkansas, rival. Analysts expect Amazon's fourth-quarter physical store revenue, w ...
Musk's mega-merger of SpaceX and xAI bets on sci-fi future of data centers in space
Feb 4 : Seventy-five years ago, the idea of harnessing the power of the skies was little more than fantasy spun by futurists like Arthur C. Clarke and Isaac Asimov. Elon Musk's mega-merger of his companies xAI and SpaceX this week brings this sci-fi dream a step closer.NASA engineers and techno ...
Exclusive-US Senators unveil bill to prevent scam ads on social media platforms
Feb 4 : U.S. Senators Ruben Gallego and Bernie Moreno have introduced anti-scam legislation requiring social media platforms to vet their advertisers.The bipartisan bill, called the Safeguarding Consumers from Advertising Misconduct Act, or the SCAM Act, would require social media platforms to take ...
IndiGo cuts some long-haul flights due to airspace closures, airport congestion
NEW DELHI, Feb 4 : India's IndiGo said on Wednesday it would suspend long-haul flights to Copenhagen and trim some services between Delhi and Britain, citing operational constraints from airspace closures linked to geopolitical tensions and airport congestion.It is the second major Indian airli ...
Tesla’s China-made EV sales extend gains despite industry slowdown
Deliveries of Model 3 and Model Y made at Shanghai plant are up 9.3% from a year-ago period
Vicom sets up S$60 million integrated hub to adapt to EVs, complex industrial testing needs
Sharanya Pillai - The five-storey facility consolidates vehicle inspection and non-vehicle testing services in one location
Asia-Pacific airlines set for continued growth despite global headwinds: Industry body
“Air travel is a socio-economic necessity in the region. That’s why the demand is so strong," AAPA chief Subhas Menon told CNA’s Yasmin Jonkers at the Singapore Airshow.
GIC-backed Shenzhen Han’s CNC to price Hong Kong listing at top of range; targets HK$4.83 billion raise
The firm is offering 50.5 million shares in the listing, with the offer price determined as HK$95.80 per share
Singapore stocks continue record run on Wednesday; STI up 0.4%
Renald Yeo - The iEdge Singapore Next 50 Index gained 0.6% to 1,498.18
NXP CEO says demand for 'physical AI' boosting outlook
AMSTERDAM, Feb 4 : Dutch computer chip maker NXP Semiconductors is benefitting from what it calls "physical AI", as businesses apply artificial intelligence in industrial systems such as logistics automation, workplace safety and robotics, its new CEO told Reuters."The fastest growing ...
Nvidia’s CEO dismisses fears AI will replace software tools as stock sell-off deepens
He says the worries are misguided, and that AI will rely on existing software rather than rebuild basic tools from scratch
Digital Core Reit’s H2 DPU flat at US$0.018, seeks to maintain distributions in FY2026
Young Zhan Heng - Revenue for the second half is up 61.6% year on year at US$87.3 million
Digital Core Reit’s H2 DPU flat at US$0.018, with Frankfurt deal raising both revenue and expenses
Sharanya Pillai - Full-year distribution per unit is also unchanged at US$0.036
Not mandating retrenchment benefits provides business flexibility while protecting workers: MOM
Around nine in 10 eligible employees receive retrenchment benefits, of whom around eight in 10 get the prevailing norm of at least two weeks' salary per year of service.
Toyota plans 30% boost to 2026 hybrid vehicle output by 2028, Nikkei says
TOKYO, Feb 4 : Toyota plans to boost production of hybrid and plug‑in hybrid vehicles to about 6.7 million cars by 2028, 30 per cent higher than its 2026 target, the Nikkei business daily reported on Wednesday.The world's largest automaker is aiming to raise global output to about 11.3 millio ...
Toyota plans 30% lift in hybrid vehicle output by 2028, Nikkei says
TOKYO, Feb 4 : Toyota plans to boost production of hybrid and plug‑in hybrid vehicles to around 6.7 million units by 2028, about 30 per cent higher than its target for 2026, the Nikkei business daily reported on Wednesday.The world's largest automaker aims to lift global output to about 11.3 ...
GuocoLand’s rationale for privatising its Malaysian arm not strong
Leslie Yee - But the proposed move could be the SGX-listed group’s way of priming itself to be privatised in future
Digital Core REIT reported an unchanged DPU of 3.60 US cents for FY2025
The Edge Singapore - Digital Core REIT (DC REIT) announced a distribution per unit (DPU) of 3.6 US cents for FY2025, unchanged y-o-y. During 2025, DC REIT signed new and renewal leases representing US$26 million of annualised rent. The cash rental rate reversion on renewal leases signed was 31%. In-service portfolio occ ...
OTS warns it will report a net loss for 1HFY2026 on lower export sales
The Edge Singapore - OTS Holdings, which sells meat-based foodstuff, warns that it will report a net loss for its 1HFY2026, from net profit from the year earlier ended Dec 31 2024. The company attributes the lower numbers to a drop in its export segment, due to evolving market dynamics overseas and changes in customersâ ...
Apac commercial real estate investment hits US$40.3 billion in Q4, capping strongest year since 2021: JLL
Deon Loke - The increase pushed full-year investment 12% higher year on year to US$147.6 billion
Volvo cars' sales volumes drop 7% in November-January period in challenging marketÂ
In the full year 2025, sales volumes dropped 7%
Chinese solar shares surge after reports of visits from Musk delegations
This comes after he announces plans to build large-scale solar-cell production in the US
ST Engineering signs MOU with Airbus for cabin modification and expands MRO agreement with Xiamen Airlines
Douglas Toh - Singapore Technologies Engineering’s (ST Engineering) commercial aerospace (CA) business has secured agreements with Airbus subsidiary Airbus Defence and Space and Xiamen Airlines. With Airbus, the group has entered into an memorandum of understanding (MOU) with the aviation manufacturer to carry ...
Premiums for all COE categories drop, led by large cars with 9% decrease
Derryn Wong - Mainstream car premium down nearly 3%; motorcycles more than 6% lower
Taiwan's MediaTek flags supply chain crunch from AI, says will adjust prices
TAIPEI, Feb 4 : A surge in demand for artificial intelligence applications is straining supply chains and driving up costs, Taiwan's top chip design company MediaTek said on Wednesday, adding it would adjust its own prices in response.Taiwanese tech companies like MediaTek and TSMC, the world&# ...
China calls EU 'discriminatory' over probe into energy giant Goldwind
BEIJING: Beijing accused the European Union on Wednesday (Feb 4) of taking "discriminatory" measures after the bloc opened an investigation into Chinese clean energy giant Goldwind over concerns the firm unfairly benefited from state subsidies.Goldwind is one of the world's biggest wi ...
Japans largest lender MUFG logs 6% growth in third-quarter profit
The banking group generates 520.6 billion yen in net profit
