Alibaba's logistics arm to buy stake in Chinese robovan developer Zelostech
Jan 29 : Chinese robovan developer Zelostech said on Thursday that e-commerce giant Alibaba's logistics arm, Cainiao, will take a stake in the company.The deal will create a business valued around $2 billion, the Wall Street Journal, which first reported the news, said.A spokesperson for the ro ...
CapitaLand Ascott Trust H2 DPS inches up 0.8% to S$0.0358
Ry-Anne Lim - The rise in H2 FY2025 DPS follows a 4% growth in revenue to S$439.1 million for the half year
CapitaLand Ascott Trust H2 DPS inches up 1% to S$0.0358
Ry-Anne Lim - The rise in H2 FY2025 DPS follows a 4% growth in revenue to S$439.1 million for the half year
Funds, exchanges and retail icon Mustafa enter the digital golden age
Lin Daoyi - Mustafa Centre is a popular bricks-and-mortar shopping centre near Serangoon Road, which is dotted with numerous other jewellery retailers dazzling shoppers with bracelets, chains and other gold accessories. While very much keeping this physical presence — Mustafa’s online shipping website was o ...
STMicro upbeat on 2026 visibility, warns restructuring costs will continue to weigh
Jan 29 : STMicroelectronics forecast first-quarter revenue slightly above market expectations on Thursday as its main markets showed signs of recovery, but warned restructuring costs would recur after it booked a $141 million hit in the fourth quarter.Shares of the Franco-Italian group rose up to 5 ...
Gold digging, pawning and jewellery retail lift off with gold
Lin Daoyi - The flight of gold prices to above US$5,000 per ounce has a direct effect on the share prices of gold miners, pawn shops and jewellery retailers. Investors who have bought into these companies since the start of 2025 have struck gold, loading their pockets with more wealth while lifting their spirit ...
India’s Bharat Petroleum plans Singapore trading hub to cut costs and boost margins
The Mumbai-based refiner’s new desk will initially be staffed by four traders
Comcast sheds more broadband customers as wireless competition mounts
Jan 29 : Comcast lost more broadband customers than expected in the fourth quarter, as rivals lured away consumers with aggressive offers, piling pressure on the company's mainstay business.Promotional campaigns by high-speed fiber providers and the launch of cheaper fixed-wireless access inter ...
Comcast sheds more broadband customers as competition mounts on core business
Jan 29 : Comcast lost more broadband customers than expected in the fourth quarter, as rivals lured away consumers with aggressive offers, piling pressure on the company's mainstay business.Promotional campaigns by high-speed fiber providers and the launch of cheaper fixed-wireless access inter ...
CapitaLand Ascott Trust announces unchanged distribution per stapled security in FY2025
The Edge Singapore - CapitaLand Ascott Trust reported a distribution per stapled security (DPS) of 6.1 cents in FY2025 for the 12 months to Dec 31, 2025, unchanged y-o-y. Core DPS was 3% lower y-o-y due to the property tax adjustments in FY2024 and FY2025; excluding the adjustments, core DPS would have been relatively s ...
Caterpillar flags $2.6 billion tariff hit in 2026, data center demand powers quarter
Jan 29 : Caterpillar warned of a $2.6 billion tariff cost in 2026, including about $800 million in the first quarter, after beating Wall Street estimates for fourth-quarter results on sustained demand for its power-generation equipment amid a rapid build-out of data centers. Industrial firms were am ...
Caterpillar gets a big AI sales boost as tariffs drag
Jan 29 : Caterpillar's fourth-quarter results mirrored the global economy, with sales lifted by surging artificial intelligence-related spending even as the equipment giant braced investors for a $2 billion-plus tariff hit in the year ahead.The world's largest construction equipment firm s ...
Caterpillar flags $2.6 billion tariff hit in 2026, power equipment demand lifts quarter
Jan 29 : Caterpillar warned of a $2.6 billion hit from tariffs in 2026, even as it reported a rise in fourth-quarter revenue and profit on sustained demand for its power-generation equipment amid a rapid build-out of data centers.The world's largest construction and mining equipment maker repor ...
Caterpillar reports higher quarterly profit, revenue on AI-fueled power equipment demand
Jan 29 : Caterpillar reported a rise in fourth-quarter revenue and profit on Thursday, driven by sustained demand for its power-generation equipment amid a rapid build-out of data centers.The world's largest construction and mining equipment maker reported an adjusted profit of $5.16 per share ...
As one Chinese billionaire family builds its S-Reit empire, what does it mean for minority investors?
Jude Chan - The consolidation of power under the Tang family comes with some potential for growth, but also a fair share of uncertainty
Temasek-backed Eastroc Beverage to price Hong Kong listing at top of range: sources
Pricing is set for Friday, with the final offer price to be announced on Feb 2
Tepco to sell up to 26 million shares of Kandenko as part of restructuring
TOKYO, Jan 29 : Tokyo Electric Power said on Thursday its unit TEPCO Power Grid will sell up to about 26 million shares in its affiliate Kandenko as part of restructuring efforts to improve its financial health and pursue growth. The share sale, valued at about 150 billion yen ($979 million) based o ...
GuocoLand H1 net profit rises 14% to S$85.4 million despite lower revenue
Therese Soh - EPS rises to S$0.0708 for the six-month period
Micro-Mechanics (Holdings) 2QFY2026 earnings up 25.2% y-o-y to $3.7 mil
The Edge Singapore - Micro-Mechanics (Holdings) has reported 2QFY2026 earnings of $3.7 million, up 25.2% y-o-y. This brings its 1HFY2026 earnings to $6.86 million, an increase of 13.7%. Thanks to strong sales momentum from the consumable tools segment, revenue for the quarter ended Dec 31 2025 was $18.7 million, up 14.5 ...
Malaysia's Petronas aims to boost its exploration and production in the next three years
KUALA LUMPUR, Jan 29 : Malaysia's state energy firm Petronas [IPO-PETO.KL] said on Thursday it will ramp up exploration and production over the next three years to strengthen domestic energy security.Petronas said it aims to maintain domestic output at close to two million barrels of oil equiva ...
GuocoLand reports 14% jump in 1HFY2026 earnings
The Edge Singapore - GuocoLand's revenue for 1HFY2026 is down 22% y-o-y to $791.9 million, due to the timing of progressive recognition of revenue from its residential developments in Singapore. However, with a bigger share of contributions from its associates and joint ventures, earnings for the same half year end ...
NetLink NBN Trust’s 9-month profit down 11.8% at S$65.4 million
Young Zhan Heng - This was due to higher depreciation from a larger asset base and higher net finance costs
Blackstone to become New World Development's largest shareholder, Bloomberg reports
Jan 29 : Private equity giant Blackstone Inc is close to securing a deal that would make it the largest shareholder of Hong Kong's New World Development, Bloomberg News reported on Thursday. The property developer declined to comment to a Reuters' request.
Blackstone to become largest shareholder of Hong Kong's New World, Bloomberg reports
Jan 29 : Private equity firm Blackstone is close to securing a deal that would make it the largest shareholder of Hong Kong's property developer New World Development, Bloomberg News reported on Thursday, citing people familiar with the matter.New World is controlled by the Cheng family, one of ...
Samsung, SK Hynix warn of squeezed chip supplies for PCs, phones due to AI boom
SEOUL, Jan 29 : Two of the world's top chipmakers warned on Thursday that computer and smartphone companies were set to bear the brunt of a worsening shortage of DRAM chips used in their products, as the makers prioritise demand for more lucrative chips required to build AI infrastructure.The w ...
Powell defends independence of Federal Reserve
It will maintain trust in central banks that monetary policy will not be abused for short-term gains that might win elections
PSA, Japan’s Mitsui OSK to set up roll-on, roll-off terminal in Singapore
Therese Soh - Move is part of the Japanese shipping firm’s regional strategy to expand its automotive business
Japan’s Mitsui OSK, PSA Singapore to form RoRo terminal JV in Singapore
The joint venture terminal is currently subject to regulatory approval
Henkel strengthens Apac hub with Singapore Science Park move
Nurdianah Md Nur - German chemicals and consumer goods group Henkel has moved its Singapore operations to Geneo at Singapore Science Park, combining its supply chain, digital operations, electronics engineering and professional training teams in one location. "By establishing our hub at Geneo Singapore Science Pa ...
Shell Indonesia says it is working closely with government after reports of fuel shortages
JAKARTA, Jan 29 : Shell said on Thursday that it is working closely with the Indonesian government regarding its 2026 import quota, following reports that some of its fuel products were facing shortages at a number of its petrol stations.Local media reported that some gasoline products were in short ...
PicPay IPO breaks four-year drought for Brazilian companies
SAO PAULO/NEW YORK, Jan 29 : Brazilian digital bank PicPay, controlled by the billionaire Batista family, debuts on Nasdaq on Thursday after raising $434 million in an initial public offering, the first new stock listing by a Brazilian company in more than four years.Founded in 2012 and acquired thr ...
STI rises 0.4% after Fed pause
Tay Peck Gek - Across the broader market, gainers edge out decliners 289 to 288 after 1.6 billion securities worth S$2 billion change hands
CGSI raises target price on OUE Reit to S$0.41 on better-than-expected 2025 earnings, positive outlook
Analysts keep ‘add’ call management’s positive view on rental revisions for commercial assets
Nvidia’s CEO says China is still finalising licence for H200 chip
Huang says Nvidia needed to compete quite vigorously as China has many strong chip companies
