5 hours ago
StarHub H2 net profit falls 50.9% to S$38.5 million
Therese Soh - It declares a total dividend of S$0.06 per share for FY2025
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
5 hours ago
One-off items drag StarHub's FY2025 earnings down 46.2% to $86.4 mil
The Edge Singapore - StarHub has reported earnings of $38.5 million for its 2HFY2025, versus $78.4 million from the year earlier. This brings its full year ended Dec 31 2025 earnings to $86.4 million, down 46.2% from the preceding FY2024's $160.5 million. According to StarHub, there were a few key items that distor ...
5 hours ago
Elite UK REIT receives nod for data centre development at Blackpool
The Edge Singapore - Elite UK REIT has received planning approval from local authorities for its proposed data centre development at Peel Park, Blackpool. Elite UK REIT says the valuation of Peel Park, because of this, has increased 65% from two years ago and 22% from a year ago to £40 million as at Dec 31 2025. Sited ...
6 hours ago
Far East Hospitality Trust H2 DPS down 7.7% at S$0.0192
Therese Soh - [SINGAPORE] The manager of Far East Hospitality Trust (FEHT) on Thursday (Feb 12) posted a distribution per stapled security of S$0.0192 for...
6 hours ago
Grab in black for first time as Q4 earnings drive full-year profit to US$268 million
Benjamin Cher - Super app company announces US$500 million share buyback plan
6 hours ago
‘No other sector like it’: KKR sees no let-up in AI-driven infrastructure boom after STT GDC deal
Benjamin Cher - Deep pools of private capital are chasing data centres, one of Asia’s most capital-intensive asset classes
6 hours ago
Miran says he’d love to stay at Federal Reserve, supports more rate cuts
His term expired on Jan 31
6 hours ago
AppLovin beats quarterly revenue estimates
(Corrects headline, paragraphs 1 and 4 to indicate company beat, not missed revenue estimates. Rewrites paragraphs 1 and 2 to reflect the change. Changes estimate to $1.60 billion from $1.70 billion in paragraph 4. Corrects expectations to $1.70 billion from $1.67 billion in paragraph 8)Feb 11 : Mar ...
6 hours ago
Instagram‘s top executive grilled over safety decisions at trial
[LOS ANGELES] The top executive at Meta Platforms’ Instagram defended the social media platform’s choices around features that some company insiders called harmful to...
7 hours ago
McDonald’s beats quarterly global sales estimates as value bets pay off
The fast food chain is also delving deeper into the fast-growing beverage segment
7 hours ago
ANZ Group cash profit jumps 17% as cost cuts take hold
The Australian bank said more than 60 per cent of the 3,500 job cuts it previously announced had taken place
7 hours ago
Commentary: For many SMEs in Singapore, AI adoption is still too daunting - here’s what could help
As Singapore pursues AI at the leading edge, it must ensure small- and medium-sized enterprises do not fall too far behind, say Singapore Business Federation CEO Kok Ping Soon and PwC Singapore Executive Chairman Marcus Lam.
7 hours ago
Oil up 1% as Middle East tension offsets large US crude stocks build
[NEW YORK] Oil prices gained about 1 per cent on Wednesday, as investors worried about escalating tensions between Iran and the US, which were...
7 hours ago
European shares hit record high as energy stocks surge; tech, financials stumble
EUROPEAN shares closed at a record high on Wednesday, as gains in commodity-related stocks offset weakness in technology and financials, while investors assessed...
7 hours ago
US stocks: Wall Street muted after strong jobs data nibbles at Fed rate cut bets
THE S&P 500 closed virtually unchanged on Wednesday as a stronger-than-expected employment report eased worries about the economy but also fuelled bets...
7 hours ago
Equinix forecasts annual sales above estimates on AI data center demand
Feb 11 : Equinix forecast annual revenue above estimates on Wednesday, betting on strong artificial intelligence-linked demand for the largest data center operator's services, sending its shares up over 6 per cent in extended trading. As corporations race to integrate generative AI, the surge ...
7 hours ago
Cisco posts quarterly gross margin below estimates, shares fall
Feb 11 : Cisco Systems posted quarterly adjusted gross margin below market estimates on Wednesday, as the networking equipment provider grapples with the fallout of a global memory price increase, sending its shares down 7 per cent in extended trading. The rapid build-out of artificial intelligence ...
7 hours ago
Cisco raises annual resulsts forecast fueled by AI demand
Feb 11 : Cisco Systems raised its full-year revenue and adjusted profit forecasts on Wednesday, driven by robust enterprise spending on its networking equipment amid the artificial intelligence boom. A surge in data center investments, fueled by technology companies' need for AI computing inf ...
8 hours ago
Anthropic to shoulder some costs as data center expansions threaten to raise power bills
Feb 11 : Artificial intelligence company Anthropic on Wednesday announced initiatives to limit the impact of data centers on consumer energy prices amid increased investment in power-hungry infrastructure necessary for AI tech.Anthropic will cover all grid upgrade costs needed to connect its data ce ...
9 hours ago
Musk reorganizes xAI after SpaceX merger and ahead of blockbuster IPO
Feb 11 : Elon Musk overhauled xAI's top management on Wednesday, a week after the billionaire merged the artificial intelligence startup with his space company SpaceX.The move comes as SpaceX prepares for one of the biggest IPOs ever. SpaceX said on February 2 it would purchase xAI to create a ...
9 hours ago
Musk says xAI was reorganized, leading to some layoffs
Feb 11 : Elon Musk said on Wednesday that xAI has laid off some employees as part of a broader reorganization aimed at improving efficiency as the artificial intelligence firm expands.The latest changes at xAI come days after Musk's SpaceX said it will purchase xAI to create a $1.25 trillion co ...
9 hours ago
Ackman's hedge fund Pershing Square bets on Meta, exits Hilton
NEW YORK, Feb 11 : Billionaire investor Bill Ackman told clients on Wednesday that his hedge fund bought shares in Meta Platforms late last year, betting the technology giant will benefit from artificial intelligence.Ackman and his investment team, who delivered a 21 per cent return last year, also ...
10 hours ago
Crypto lender BlockFills suspends withdrawals amid faltering bitcoin price
Feb 11 : Crypto liquidity provider and lender BlockFills has halted client deposits and withdrawals amid a downturn in bitcoin prices, in a sign of knock-on impact from the latest crypto market drop.BlockFills, which is based in Chicago, said in a statement on Wednesday that it halted withdrawals la ...
11 hours ago
Meta begins construction of $10 billion Indiana data center to boost AI capabilities
Feb 11 : Meta said on Wednesday that it was breaking ground on a $10 billion data center in Indiana, as it races to secure the massive amounts of computing power needed to support its artificial intelligence ambitions.
11 hours ago
UK Supreme Court ruling on patents and AI is boost for innovation, lawyers say
LONDON, Feb 11 : An artificial neural network, a type of artificial intelligence which can engage in machine learning, can be patented, the United Kingdom's Supreme Court ruled on Wednesday in a decision welcomed by lawyers as a boost for patenting AI innovations.Emotional Perception AI applied ...
13 hours ago
America Movil prepares spending target after Telefonica Chile sells to rivals
MEXICO CITY, Feb 11 : Mexican telecom giant America Movil is preliminarily targeting a capital expenditure of 14 per cent-15 per cent of revenues for 2026 and the coming years, finance chief Carlos Garcia said on Wednesday, following the company's fourth-quarter results.Speaking in a conference ...
13 hours ago
TotalEnergies halves buybacks as low oil, gas prices weigh on profits
It echoes similar moves by its peers – BP has completely suspended buybacks, and Equinor has reduced them by 70%
14 hours ago
Wingtech says it will 'exhaust all legal means' to restore Nexperia control
BEIJING, Feb 11 : Chipmaker Nexperia's Chinese owner Wingtech on Wednesday said it would continue to "exhaust all legal means to restore the company's full control over Nexperia," according to a filing to the Shanghai stock exchange.A Dutch court earlier on Wednesday ordered an i ...
14 hours ago
Stock markets rise as US jobs data beats expectations
LONDON: World stock markets mostly rose on Wednesday (Feb 11) as data showed US job growth beat expectations in January, reassuring investors about the outlook for the world's top economy.The US economy added 130,000 jobs last month, the Department of Labour said, nearly double the amount expec ...
14 hours ago
More investors join legal challenge against South Korea over Coupang data leak handling
Feb 11 : Three more investors have joined Greenoaks and Altimeter in their legal challenge against the government of South Korea, alleging discriminatory treatment of e-commerce firm Coupang and other U.S. companies.Abrams Capital, Durable Capital Partners, and Foxhaven have notified South Korea to ...
14 hours ago
Wall St gains after stronger-than-expected jobs report
[NEW YORK] Wall Street’s main indexes opened higher on Wednesday (Feb 11) following a stronger-than-expected jobs data that pointed to a resilient...
15 hours ago
Sim Leisure expects 'significantly' higher FY2025 from one-off settlement agreement
The Edge Singapore - Sim Leisure Group expects to report "substantially higher" earnings for its 2HFY2025 and FY2025. The company explains that for the year ended Dec 31 2025, it will book a one-off income gain from an amicable settlement in respect of the early termination of the ESCAPE @ KL Base Theme Park a ...
15 hours ago
Dollar strengthens versus euro and Swiss franc after blowout jobs data
NEW YORK, Feb 11 : The dollar rallied against the euro and Swiss franc on Wednesday following surprisingly strong employment data that suggested underlying U.S. economic health.U.S. employers added 130,000 jobs in January, surpassing the 70,000 jobs that economists polled by Reuters had estimated, a ...
15 hours ago
Dollar rallies after blowout jobs data
NEW YORK, Feb 11 : The dollar rallied against major currencies including the euro and Swiss franc on Wednesday following surprisingly strong employment data that suggested underlying U.S. economic health.U.S. employers added 130,000 jobs in January, surpassing the 70,000 jobs that economists polled ...