Danantara Indonesia 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 refinery project by state run Pertamina, the fund's CEO said.The other projects included construction of ...
Singapore stocks end lower on Friday, snapping three-day record streak; STI down 0.8%
Renald Yeo - The iEdge Singapore Next 50 Index dips 0.1% to 1,501.60
Bitcoin plunge: What Michael Saylor’s US$12 billion Strategy loss says about the cryptocurrency
Shikhar Gupta - BT unpacks the drivers behind the asset’s downturn and what it means for investors
Cosco Shipping International (Singapore) expects to report FY2025 earnings of $7.4 million
The Edge Singapore - Cosco Shipping International (Singapore) expects to report earnings of some $7.4 million for its FY2025, which is 35% higher than the preceding $5.5 million. The company attributes the increases to higher revenue from logistics, ship repair and marine engineering sectors, as well as lower distributi ...
Gold’s plunge, a new Fed chair and Asia in flux
Claressa Monteiro - Gold’s crash, AI threats, Asia’s pivotal week, and Fed intrigue—Howie Lim and Raisah Rasid unpack volatility, geopolitics, and smart-money moves.
Why is silver whipsawing while gold steadies? Here’s what investors should know
Benicia Tan - Industry observers say thin liquidity and speculative unwinding are behind silver’s wild swings
Analysts mostly bullish on EQDP's impact on SGX; Morningstar views tailwind as ‘temporary’
Douglas Toh - Singapore Exchange (SGX) Group’s earnings of $342.7 million for the 1HFY2026 ended December 2025 have inspired mostly positive reactions from analysts. While the figure was comparable to the same period a year before, the group’s adjusted net profit after tax was an 11.6% y-o-y improvement to $3 ...
Chinese battery maker Sunwoda settles lawsuit with Geely unit
BEIJING, Feb 6 : A subsidiary of Chinese lithium-ion battery maker Sunwoda Electronic has reached an agreement to settle a lawsuit brought against it by Vremt, automaker Geely's battery unit, a stock exchange filing showed on Friday. The settlement is expected to hit Sunwoda's 2025 net pr ...
Chinese battery maker Sunwoda settles lawsuit with Geely's battery unit
BEIJING, Feb 6 : A subsidiary of Chinese lithium-ion battery maker Sunwoda Electronic has reached an agreement to settle a lawsuit brought against it by Viridi E-Mobility Technology, automaker Geely's battery unit, a stock exchange filing showed on Friday. The settlement is expected to hit Sun ...
AI is not a bubble, senior executive at Nvidia supplier Wistron says
TAIPEI, Feb 6 : Artificial intelligence is not a bubble, and 2026 AI-related order growth will be more than last year, Simon Lin, the chairman of Taiwanese electronics manufacturer Wistron, said on Friday."We believe AI really does help all industries, so I don't think it's a bubble; ...
Huawei-backed Aito teams up with UAE dealer to expand into Middle East
SHANGHAI/BEIJING, Feb 6 : Chinese automaker Seres said on Friday that its electric vehicle brand Aito has struck a strategic deal with Abu Dhabi-based dealer group Performance Plus Motors to expand into the Middle East market.Performance Plus Motors, a unit of Abu Dhabi Motors "will be responsi ...
Japan's Itochu posts record 9-month profit on consumer business strength
TOKYO, Feb 6 : Japan's Itochu on Friday posted a 4 per cent rise in nine-month net profit through December 31 to 705.3 billion yen ($4.5 billion), a record for the period, boosted by strong consumer businesses, including food, textile and its convenience-store chain. Profit at the trading house ...
Exclusive-Leading South Korean insurers explore India entry, sources say
MUMBAI, Feb 6 : South Korean firms Samsung Fire & Marine Insurance, Mirae Asset Financial Group and Hyundai Marine & Fire Insurance Co are in exploratory talks about entering India’s $130 billion insurance market, three Indian sources said.The interest comes as India has opened up its insu ...
Intel, AMD notify customers in China of lengthy waits for CPUs
The supply constraints have driven up prices for Intel’s server products in China by more than 10%
Europe, Asia lead global equity fund inflows as investors cut US tech exposure
Feb 6 : Global equity funds saw strong inflows led by Europe and Asia, underscoring a diversification push as investors sought to reduce exposure to volatile U.S. technology shares and spread risk across other markets.Global equity funds saw net investments of $31.46 billion during the week, margina ...
Germany's CDU weighs social media age curbs for under-16s
BERLIN, Feb 6 : German Chancellor Friedrich Merz's Christian Democrat Union is considering limiting access to social media platforms for children under the age of 16, senior party members said, as a global movement towards tighter restrictions gathers pace.Since Australia became the first count ...
Germany's CDU weighs social media ban for under-16s
BERLIN, Feb 6 : German Chancellor Friedrich Merz's conservatives are considering barring children under the age of 16 from social media, although there were signs of reluctance from his centre-left coalition partners to an outright ban.Since Australia became the first country to ban the use of ...
Tokyo Electron hikes net profit forecast by 12.7%
TOKYO, Feb 6 : Tokyo Electron on Friday hiked its annual net profit forecast by 12.7 per cent to 550 billion yen ($3.51 billion) for the year ending March 2026.The manufacturer of chipmaking equipment also said it would spend up to 150 billion yen buying back up to 7.5 million shares. ($1 = 156.8100 ...
SMEs get fast track to enterprise-ready AI under new Microsoft-led programme
Koh Kim Xuan - Backed by IMDA and UOB, the scheme supports digitally mature firms in rolling out artificial intelligence solutions
Exclusive-Japan's Mitsui close to stake in Qatar LNG project, sources say
TOKYO/LONDON/DOHA, Feb 6 : Japan's Mitsui & Co is close to buying a stake in the second phase of QatarEnergy's massive North Field project as it seeks to secure stable liquefied natural gas (LNG) supply, five sources close to the matter told Reuters.If reached, the deal would bolster J ...
Exclusive-Japan's Mitsui close to buying stake in Qatar LNG project, sources say
TOKYO/LONDON/DOHA, Feb 6 : Japan's Mitsui & Co is close to buying a stake in the second phase of QatarEnergy's massive North Field project as it seeks to secure stable liquefied natural gas (LNG) supply, five sources close to the matter told Reuters.If reached, the deal would bolster J ...
LG Energy Solution to buy Canada JV stake from Stellantis
SEOUL, Feb 6 : South Korea's LG Energy Solution said on Friday it plans to buy the 49 per cent stake held by Stellantis in their battery joint venture in Canada for a nominal amount of $100. The move comes as some automakers are scaling back their electric-vehicle plans in response to the polic ...
LG Energy Solution to buy Canada JV stake from Stellantis for $100 as EV demand falters
SEOUL, Feb 6 : South Korea's LG Energy Solution on Friday said it plans to buy the 49 per cent stake held by Stellantis in their battery joint venture in Canada for the nominal amount of $100. Stellantis also said on Friday it would book charges of around 22.2 billion euros ($26.5 billion) in t ...
Brompton World Championship to headline OCBC Cycle 2026 in May
Lee U-Wen - This iconic foldie race will see cyclists compete in mixed-gender groups on an 800-metre urban circuit
Microsoft’s new programme targets faster AI rollouts in Singapore
Nurdianah Md Nur - Microsoft has launched a new programme aimed at helping digitally mature companies in Singapore deploy artificial intelligence (AI) projects within three months. Supported by the Infocomm Media Development Authority (IMDA) and United Overseas Bank (UOB), the AI QuickStart programme targets “digita ...
LG Energy Solution to end Canada battery JV with Stellantis
SEOUL, Feb 6 : South Korea's LG Energy Solution said on Friday that it plans to buy all of the 49 per cent stake held by Stellantis in their battery joint venture in Canada for a nominal amount of $100. The move comes as some automakers are pulling back from electric vehicles in response to the ...
Japan's GPIF books $103 billion investment gain in third quarter despite domestic bond losses
TOKYO, Feb 6 : Japan's Government Pension Investment Fund (GPIF) posted an investment gain of 16.19 trillion yen ($103.25 billion) for the October-December period, it said on Friday.The result compared with an investment gain of 10.7 trillion yen over the same period a year previously and marke ...
Japan's GPIF books $103 billion investment gain in third quarter
TOKYO, Feb 6 : Japan's Government Pension Investment Fund (GPIF) posted an investment gain of 16.19 trillion yen ($103.25 billion) for the October-December period, it said on Friday.The result compared with an investment gain of 10.7 trillion yen over the same period a year previously.($1 = 156 ...
Keppel’s special dividend yet to include billion-dollar sale of M1
Therese Soh - CEO Loh Chin Hua is ‘very confident’ deal will go through despite delay
Keppel’s special dividend yet to include divestment of billion-dollar sale of M1
Therese Soh - CEO Loh Chin Hua is ‘very confident’ deal will go through despite delay
India’s central bank keeps rates on hold after US trade deal
The central bank has now cut rates by a total of 125 basis points since February 2025
Tradition under pressure: Heritage businesses strive to stay relevant
Janice Lim - Despite decades of history, firms dealing in traditional goods face a precarious future amid foreign competition and shifting demand
China’s easy money floods metals markets as real economy falters
Copper, gold and silver all hit record highs, and activity on Chinese futures markets has soared
Toyota CEO Sato to step down, to be replaced by CFO Kon
[TOKYO] Toyota Motor chief executive Koji Sato will step down, the world’s largest automaker said on Friday, and will be replaced by...
