9 hours ago
Main trial begins in landmark US addiction case against Meta, YouTube
A trial into whether social media organisations Meta and YouTube deliberately designed its platforms to be addictive to children began on Monday (Feb 9).
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
9 hours ago
Chinese EV maker Nio recalls 246,229 cars over software problem
BEIJING, Feb 9 : Chinese electric vehicle maker Nio is recalling 246,229 vehicles due to software issues that could lead to a brief blackout of the instrument cluster and central control screen, a statement released by the market regulator showed on Monday.Separately, EV brand Zeekr will recall 38,2 ...
9 hours ago
US software stocks tumble sparks concerns that AI trade is reshaping markets
NEW YORK, Feb 9 : The software and services industry's recent plunge has ignited fears that the artificial intelligence boom may be reshaping markets in unexpected ways, raising questions about whether a rotation out of technology stocks signals trouble ahead for the AI trade. Financial ma ...
9 hours ago
GDS Global signs exclusive distributorship agreement with New Zealand-based ARA Manufacture Metalbilt
Douglas Toh - Commercial and industrial door and shutter solution provider GDS Global (GDS) has signed an exclusive distributorship agreement with New Zealand-based ARA Manufacture Metalbilt as the exclusive distributor of GDS’s Gliderol products in New Zealand for a tenure of two years. ARA Manufacture Metalbi ...
9 hours ago
Singtel’s regional data centre arm Nxera opens largest facility in Tuas
Chong Xin Wei - Nxera’s operational and pipeline capacity is expected to more than double to over 400 megawatts in the mid-term
9 hours ago
Singtel’s regional data centre arm Nxera opens largest data centre in Tuas
Chong Xin Wei - Nxera’s operational and pipeline capacity is expected to more than double to over 400 megawatts in the mid-term
10 hours ago
Amazon to exit Asia Square; Shell likely to take over its prime CBD space
Kalpana Rashiwala - The tech giant’s lease for 100,000 sq ft in Tower 1 is said to be expiring in July
10 hours ago
Oceanus Group and Clearwater to partner on verifiable tokenisation of trade flows on blockchain
Douglas Toh - Oceanus Group has announced on Feb 6 that it has entered into a partnership with Clearwater Capital to digitise and tokenise cash-flow backed trade flows on its artificial intelligence (AI) powered finance technology platform, ODIN. Formerly in food production, Oceanus has since reshaped itself into ...
10 hours ago
Hotel Grand Central to book net loss in FY2025 on impairment losses
Chong Xin Wei - This comes after the group posted a 54.5% year-on-year decline in net profit for H1
10 hours ago
DBS maintains $11 bil earnings for 2025 but expects 2026’s net profit to be lower
Kwan Wei Kevin Tan - Investors hoping that shares for DBS Group Holdings will break the $60 mark were left disappointed after the bank announced earnings that missed estimates. DBS, on Feb 9, reported a net profit of $11.033 billion for FY2025 ended Dec 31, 2025, 3% lower than FY2024’s net profit of $11.408 billion. T ...
10 hours ago
uSMART initiates ‘hold’ on Fraser and Neave with target price of $1.91
Teo Zheng Long - uSMART has initiated a “hold” call on Fraser and Neave (F&N) with a target price of $1.91. In his Feb 9 initiation report, analyst Ng Xin Yang says F&N is currently undergoing a structural transformation, pivoting from a downstream brand owner to a vertically integrated agri-food operato ...
10 hours ago
About 60,000 users still hit by Singtel-owned Optus’ mobile service outage
Chong Xin Wei - Majority of customers have restored their services after restarting their phones, says Optus spokesperson
10 hours ago
About 120,000 users hit by Singtel-owned Optus’ mobile service outage
Chong Xin Wei - The Australian telco says it has ‘noticed a significant decline in the number of customers impacted’
10 hours ago
About 120,000 users affected by Singtel-owned Optus’ mobile service outage
Chong Xin Wei - The Australian telco says it has ‘noticed a significant decline in the number of customers impacted’
10 hours ago
US IPO proceeds to quadruple to record US$160 billion in 2026 as dealmaking rebounds, says Goldman
The Wall Street brokerage also expects the number of IPOs to double to 120 this year
10 hours ago
Hotel Grand Central expects net loss for 1HFY2025
Douglas Toh - Hotel Grand Central is expecting to report a net loss for its upcoming results for the 1HFY2025 ended Dec 31, 2025. The company says that the net loss is attributed to impairment losses from its Hotel Grand Chancellor, Wellesley Street, Auckland and certain investment properties in Wellington, New Z ...
10 hours ago
Singapore stocks continue rally, mirroring regional indices; STI up 0.5%
Benjamin Cher - Across the broader market, gainers outnumber losers 432 to 165 after 1.3 billion securities worth S$2.4 billion change hands
10 hours ago
DBS grows stake in Shenzhen Rural Commercial Bank to 19.9% for RMB310 mil
Douglas Toh - DBS Group Holding (DBS) on Feb 9 announced that it has increased its stake in Shenzhen Rural Commercial Bank to 19.9% from 19.4% on Nov 19, 2025. Under the transaction, DBS acquired 52.2 million shares in the Chinese bank for a total consideration of RMB310 million ($58 million) or RMB5.94 per share ...
10 hours ago
Ascott to top S$500 million fee target on new signings, pipeline projects turning operational
Chong Xin Wei - The company has signed a record 19,000 units across 102 properties in 2025
10 hours ago
Bitcoin falls below US$70,000 after wild roller-coaster ride
The move was still relatively tame compared with last week’s wild swings
10 hours ago
Bitcoin steadies above US$70,000 after wild roller-coaster ride
The relative calm was in stark contrast to last week’s wild swings
11 hours ago
DBS to give junior staff special one-time bonus of S$1,000 each
Deon Loke - The lender will set aside S$18 million for the payment
11 hours ago
DBS to give junior staff one-time bonus of S$1,000 each
Deon Loke - The lender will set aside S$18 million for the special payment
11 hours ago
Meta criticises EU antitrust move against WhatsApp block on AI rivals
BRUSSELS, Feb 9 : Meta Platforms on Monday criticised EU regulators after they charged the U.S. tech giant with breaching antitrust rules and threaten to halt its block on AI rivals on its messaging service WhatsApp."The facts are that there is no reason for the EU to intervene in the WhatsApp ...
11 hours ago
Shell appoints Knight Frank for global transactions, valuations and advisory mandate
Jovi Ho - Multinational oil and gas giant Shell has appointed property consultancy Knight Frank as its sole provider of real estate transactions, valuations and advisory services across the firm’s global real estate portfolio under a five-year mandate. According to a Feb 9 announcement, Knight Frank will su ...
11 hours ago
Over 23,000 junior-ranked DBS employees to receive special one-time bonus of $1,000
Douglas Toh - DBS Group Holdings (DBS) will be rewarding its junior-ranked staff with a special one-time bonus of $1,000 per person. The bank says that it has set aside $18 million for the initiative, to be distributed to over 23,000 employees globally, including some 6,800 in Singapore. DBS had previously distri ...
11 hours ago
Chinese chip firm Montage Technology soars 64% in Hong Kong debut
Retail portion of offering more than 700 times oversubscribed
11 hours ago
EU threatens temporary measures to stop Meta blocking AI rivals from WhatsApp
BRUSSELS, Feb 9 : EU competition regulators have threatened to stop Meta Platforms from blocking artificial intelligence rivals from its WhatsApp messaging service while it investigates suspected abuse of a dominant position by the U.S. tech giant.The European Commission said on Monday that it has s ...
11 hours ago
EU threatens Meta with interim measure for blocking AI rivals from WhatsApp
BRUSSELS, Feb 9 : EU competition regulators on Monday charged Meta Platforms with breaching antitrust rules by blocking artificial intelligence rivals from its messaging service WhatsApp and threatened to impose interim measures against the U.S. tech giant.The move by the European Commission came af ...
12 hours ago
TotalEnergies to provide solar power to Google's Texas data centres
Feb 9 : French power group TotalEnergies on Monday signed two long-term agreements to deliver 1 gigawatt of solar capacity to supply Google's data centres in Texas.The power will be generated from sites owned by the French major in Wichita, and Mustang Creek in Texas. The two plants are set to ...
12 hours ago
SAC Capital announces leadership transition and movements for its key personnel
Teo Zheng Long - As part of leadership development and succession planning, Singapore-based investment banking advisory firm SAC Capital announced on Feb 9 a series of leadership transition and key personnel movements Tan Kian Tiong has been promoted to chief operating officer (COO) on Feb 6, succeeding Bernard Lim, ...
12 hours ago
Renminbi hits fresh 33-month high after report of regulators warning on US Treasury risk
Stronger fixing, FX reserves growth also lift sentiment
12 hours ago
Top 20% of Singapore households hold average wealth of S$5.3 million: MOF
Tessa Oh - The first set of official wealth data shows that property and CPF savings form the bulk of assets across all income groups
12 hours ago
Gold rush at UOB: bank extends hours and starts appointment-only service
Deon Loke - The lender is also extending hours at its main branch gold counters for physical gold purchases or Gold Savings Account physical conversions