New map reveals hidden landscape under Antarctica's ice sheet
WASHINGTON, Jan 16 : Scientists have devised the most detailed map to date of the terrain hidden below the vast ice sheet blanketing Antarctica, uncovering an exuberant landscape of mountains, canyons, valleys and plains while discerning for the first time tens of thousands of hills and other smalle ...
Tesla gets 5-week extension in US probe of Full Self-Driving traffic violations
Jan 16 : U.S. auto safety regulators have granted Tesla a five-week extension to respond to an investigation into whether its vehicles violated traffic laws while the Elon Musk-led company's Full Self-Driving system was engaged.The National Highway Traffic Safety Administration said on Friday i ...
Mitsubishi to buy Texas, Louisiana shale gas assets for US$7.5 billion
This will give it a substantial natural gas operation near the US Gulf Coast and the energy export facilities developed there
Porsche sales slump most in 16 years on poor China demand
Its sales are down 26% as the nation’s economic slowdown hit consumers across all income brackets
Let Powell and the Fed do their jobs
Michael Bloomberg / Bloomberg - The White House’s latest escalation of pressure on the Federal Reserve is a new and dangerous overreach. For the country’s sake — and, by the way, to avoid the collapse in popular support that would likely follow a severe financial-market backlash — the administration needs to think again. U ...
The FTSE REIT Index is a laggard, but why?
Goola Warden - The FTSE REIT Index’s technical chart pattern promises much but the index has failed to break out. Prices continue to hover around the top of the base formation at 720 - give or take. On Jan 16, the FTSE REIT Index closed at 721. This is in contrast - some may say sharp contrast to the FTSE RE Ind ...
Suspension of work orders lifted for Southern Alliance Mining’s joint operation in Malaysia
Nicole Lim - Southern Alliance Mining (SAM) says that the temporary suspension of work orders issued by the Minerals and Geoscience Department and the Department of Environment on its 40%-owned joint operation, MCRE Resources (MCRE), have been lifted on Jan 15. The suspension orders were issued based on eight is ...
About 30 SGX listcos show early interest in Value Unlock programme to lift valuations
Koh Kim Xuan - Market participants say weak disclosure and poor investor engagement often drive mispricing on the exchange – gaps the initiative aims to close
Starlink-rival Eutelsat signs deal with Europe's MaiaSpace to launch satellites
Jan 16 : European satellite operator Eutelsat said on Friday it had signed a deal with French space startup MaiaSpace for the future launches of its low Earth orbit (LEO) satellites, in a major strategic boost for Europe as it seeks to catch up with U.S. rival SpaceX.The agreement with MaiaSpace, a ...
Intel extends comeback as investors bet on foundry growth
The stock is up 31% to start 2026, the third-best performance in the S&P 500 Index
India's Tata Tech has quarterly profit plummet 96% on one-time labour code charge
Jan 16 : Engineering research and development (ER&D) firm Tata Technologies reported a 96 per cent drop in third-quarter profit on Thursday, hurt primarily by a one-time charge tied to India's new labour codes, their largest such drop since the company's 2023 market debut.Going forward ...
FitzWalter Capital sweetens buyout bid for Auction Technology to $658 million
Jan 16 : Auction Technology Group's biggest shareholder FitzWalter Capital raised its buyout proposal for the British online auction operator to 491 million pounds ($658.4 million) on Friday after repeated rejections.The increase to 400 pence per share follows the rejection of 11 previous propo ...
Mapletree Industrial Trust receives “AA-” credit rating with stable outlook from JCR and R&I
Nicole Lim - Mapletree Industrial Trust (MIT) has been assigned “AA-” credit ratings with stable outlook from Japan Credit Rating Agency (JCR) and Rating and Investment Information (R&I). JCR has issued a “AA-” foreign currency long-term issuer rating, and “AA-” for local currency long-term issue ...
Foreigners sell Asian equities in December on worries over valuations
They have sold local stocks worth US$1.2 billion in India, Taiwan, South Korea, Thailand, Indonesia, Vietnam and the Philippines
SIA, Air India ink pact for commercial cooperation
Benicia Tan - The airlines are exploring ways to enhance privileges beyond the current Star Alliance and KrisFlyer programmes
Bank of Japan says sales of its ETF holdings to start next week
The bank is set to unload the assets little by little to avoid roiling markets
India's Tech Mahindra beats quarterly revenue view on manufacturing strength
BENGALURU, Jan 16 : Indian software services provider Tech Mahindra reported bigger-than-expected third-quarter revenue on Friday, aided by growth in its communications and manufacturing segments.Revenue at India's fifth-largest IT firm rose 8.3 per cent to 143.93 billion rupees ($1.58 billion) ...
Secura Group awarded contract to provide manpower for enforcement services worth $21.2 mil
Nicole Lim - Secura Group has been awarded a contract with a total value of $21.2 million from a Singapore government agency to provide manpower to support enforcement services. The contract has an initial term of 36 months effective April 1 to March 31, 2029 with an option to extend for another two years. The g ...
Wipro lags rivals with soft deal wins, weak fourth-quarter view
BENGALURU, Jan 16 : India's fourth-largest IT services firm Wipro forecast weaker-than-expected revenue growth for the current quarter on Friday after deal bookings fell to a six-quarter low in the December period, sending its U.S.-listed shares down as much as 7.2 per cent.The muted outlook ca ...
India's Wipro beats third-quarter revenue view on communications segment strength
BENGALURU, Jan 16 : Wipro reported better-than-expected third-quarter revenue on Friday, driven by growth in a part of its Americas business, which includes the communications, health and consumer segments. Consolidated sales for the December quarter rose 5.54 per cent to 235.56 billion rupees ($ ...
India's Wipro beats third-quarter revenue view
BENGALURU, Jan 16 : Wipro reported better-than-expected third-quarter revenue on Friday, driven by growth in a part of its Americas business, which includes its communications, health and consumer segments. Consolidated sales for the December quarter rose 5.54 per cent to 235.56 billion rupees ($ ...
Fullerton Fund Management buys 330,300 shares in SATS, deemed interest increased to 40.01%
Nicole Lim - Fullerton Fund Management has increased its stake in SATS Ltd by purchasing 330,300 shares via market transaction on Jan 12. Fullerton paid $1,261,911.15 for the shares purchased, thereby increasing its deemed interest in SATS from 39.99% to 40.01%. Fullerton is an independently managed Temasek Hold ...
Global equity funds log strongest weekly inflows in 3-1/2 months
Jan 16 : Global equity funds witnessed the largest weekly net purchase in 15 weeks in the week to January 14, as investors pushed world stocks close to record highs, extending momentum from last year and brushing aside concerns over the global economy and geopolitics. Easing U.S. inflation pressure ...
Singapore stocks rise amid mixed Asian performance; STI up 0.3%
Jude Chan - Across the broader market, advancers beat decliners 307 to 261 after 1.4 billion shares worth S$1.5 billion change hands
Asean agrees on guidelines for quicker subsea cable fixes
Young Zhan Heng - They will update the existing 2019 guidelines with international best practices, while also harmonising repair protocols
China vows tighter market oversight as stock benchmark nears decade high
SHANGHAI: China's securities regulator vowed to step up market monitoring and crack down on excessive speculation, as the country's benchmark stock index hovered near a decade high with record turnover this week.The statement came after Chinese bourses said on Wednesday (Jan 14) that they ...
CGSI starts Tiong Woon at ‘add’ with TP of $1.23
Felicia Tan - CGS International analyst Natalie Ong has initiated “add” on Tiong Woon Corp, calling the construction counter an “undervalued laggard play”. “Tiong Woon Corp is trading at 2027 P/E of 6.7 times, a 45% discount to [its] regional peers despite its global ranking and strong record,” Ong wr ...
Rio Tinto-Glencore merger may need asset sales to win over China
China’s antitrust regulator is likely to be concerned about a combined entity’s concentration in copper production and marketing
Nigeria grants satellite permits to BeetleSat, Satelio and Amazon's Kuiper
ABUJA, Jan 16 : Nigeria has issued seven-year satellite permits to Amazon's Kuiper Systems, Israel's NSLComm's BeetleSat and Germany-based Satelio IoT Services, joining Elon Musk-owned SpaceX among operators cleared to expand space-based broadband, the telecoms regulator said on Thurs ...
Indra signs $1.1 billion deal to manage London transport ticketing and control systems
MADRID, Jan 16 : Spanish technology group Indra has won a contract from Transport for London (TfL) to run the ticketing and control systems across the city's public transit network in a deal worth up to 975 million euros ($1.1 billion), it said on Friday.The agreement to 2034 including options ...
Forward guidance: Why it matters and how to get it right
With clear communication on anticipated earnings and business strategies, listed companies can signal confidence and build credibility
China clamps down on high-speed traders, removing servers
The move shows that officials are focused on levelling the playing field for investors and ensuring market stability
Hyundai Motor Group to appoint former head of Tesla's humanoid robot program as adviser
SEOUL, Jan 16 : South Korea's Hyundai Motor Group said on Friday it plans to appoint Milan Kovac, the former head of Tesla's humanoid robot program, as an adviser as it seeks to bolster its competitiveness in robotics and artificial intelligence. The auto group also plans to nominate Kovac ...
‘People laughed at us’: Naysayers blew them off – then this underdog built Asia’s first cross-border wind farm
Goh Ruoxue - Impact Electrons Siam is now selling electricity to Vietnam. Next stop: Asean?
