5 hours ago
Commentary: Chinese electric vehicles made in the US - is that possible?
The fortress built by Washington to keep Chinese electric vehicles out is no longer looking so impregnable, says an analyst.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
5 hours ago
European shares retreat from record highs as financials, industrials tumble
EUROPEANÂ shares fell on Thursday, erasing earlier gains that pushed markets to record highs, as financial and industrial stocks tumbled and investors digested...
5 hours ago
US stocks: Wall Street sinks as tech rout deepens on AI angst
WALL Street indexes fell sharply, with the Nasdaq slumping 2 per cent, as investors intensified their selloff of technology shares and fled...
5 hours ago
Coinbase posts surprise loss on crypto trading slowdown
Feb 12 : Coinbase posted a surprise quarterly loss on Thursday, marking its first since the third quarter of 2023, as the cryptocurrency exchange was hit by weaker trading volumes during a period of broad digital-asset selloff.Digital assets slumped in the final three months of 2025, retreating from ...
5 hours ago
Cryptocurrency exchange Coinbase swings to quarterly loss on trading slowdown
Feb 12 : Cryptocurrency exchange Coinbase Global reported a fourth-quarter loss on Thursday, hit by weaker trading volumes during a period of broad digital-asset selloff.Digital assets slumped in the final three months of 2025, retreating from early October record highs after U.S. President Donald T ...
6 hours ago
Airbnb forecasts revenue above estimates on premium rentals demand
(Corrects syntax in headline)Feb 12 : Airbnb forecast first-quarter revenue above Wall Street estimates on Thursday, as the vacation rental company banks on premium bookings to counter easing demand from cost-conscious customers.Shares of the travel company rose about 5 per cent in volatile after-ma ...
6 hours ago
Airbnb forecast revenue above estimates on premium rentals demand
Feb 12 : Airbnb forecast first-quarter revenue above Wall Street estimates on Thursday, as the vacation rental company banks on premium bookings to counter easing demand from cost-conscious customers.Shares of the travel company rose about 5 per cent in volatile after-market trading. The company pro ...
6 hours ago
Applied Materials forecasts upbeat results on AI demand, memory shortage
Feb 12 : Applied Materials forecast second-quarter revenue and profit above market estimates on Thursday, betting on a boom in demand for AI processors and a worldwide memory shortage to help drive sales of its chipmaking equipment.The company's shares rose over 9 per cent in extended trading. ...
7 hours ago
Oil prices down $2 a barrel on supply forecast
HOUSTON, Feb 12 : Oil prices dropped $2 a barrel on Thursday due to falling demand, retreating fears of renewed Middle East conflict and expected increases in supply.Brent crude oil futures were down $2, or 2.88 per cent, at $67.40 a barrel by 12:54 p.m. CDT (1854 GMT). U.S. West Texas Intermediate ...
8 hours ago
Anthropic clinches $380 billion valuation after $30 billion funding round
Feb 12 : Anthropic has raised $30 billion in its latest funding round, more than doubling the Claude chatbot maker's valuation to $380 billion and underscoring massive investor interest in the startup and the broader AI industry.The company has differentiated itself by focusing its model traini ...
8 hours ago
Anthropic valued at $380 billion in latest funding round
Feb 12 : AI startup Anthropic said on Thursday it has raised $30 billion in its latest funding round, which was co-led by investors including D. E. Shaw Ventures, ICONIQ and MGX, valuing the Claude chatbot maker at $380 billion. Insatiable demand for AI and growing enterprise adoption have driven te ...
8 hours ago
Astronomers observe a star that quietly transformed into a black hole
WASHINGTON, Feb 12 : The formation of a black hole can be quite a violent event, with a massive dying star blowing up and some of its remnants collapsing to form an exceptionally dense object with gravity so strong not even light can escape. But, as new observations indicate, the process sometimes c ...
8 hours ago
Google targeted by EU over its search advertising auction practices
BRUSSELS, Feb 12 : EU antitrust regulators are investigating Alphabet unit Google over the sale of search advertisements in Europe, a letter to advertisers seen by Reuters showed.The European Commission said it has indications of potential concerns regarding the auctions for the sale of advertising ...
8 hours ago
Google targeted by EU over online ad price practices unfair to advertisers
BRUSSELS, Feb 12 : Alphabet unit Google risks another EU antitrust headache as regulators said they are concerned that the U.S. tech giant may be unfairly driving online advertising prices higher, a letter to advertisers seen by Reuters showed.Google, which has been fined billions of euros in Europe ...
9 hours ago
Google hit by fresh EU antitrust probe over search ads pricing, Bloomberg News reports
Feb 12 : Google is being investigated by the European Union over concerns it is illegally rigging the cost of advertising on its search engine, Bloomberg News reported on Thursday.
10 hours ago
Dutch telecom Odido hacked, 6 million accounts affected
AMSTERDAM, Feb 12 : Odido, the former business of T-Mobile in the Netherlands, said on Thursday that personal information from more than six million accounts had been exposed in a hack, one of the largest such incidents in the country."Odido was recently hit by a cyberattack carried out by cybe ...
10 hours ago
Ubisoft confirms targets after strong Assassin's Creed bookingsÂ
Feb 12 - French video game publisher Ubisoft confirmed its full-year financial targets on Thursday after third-quarter bookings exceeded company forecasts, driven by its flagship "Assassin's Creed" franchise.Net bookings for the quarter reached 338 million euros ($402 million), up 12 ...
11 hours ago
Analysis:For stock market, AI turns from lifting all boats to sinking shipsÂ
NEW YORK, Feb 12 : Investors are discovering that the artificial intelligence landscape is not just fertile ground for stocks - it is also a minefield.Enthusiasm about AI's profitability has fueled the U.S. bull market, with stock gains for technology companies and others tied to the build-out ...
11 hours ago
Dollar range-bound after mixed economic data; yen set for strong weekly finish
NEW YORK, Feb 12 : The U.S. dollar was mostly flat against peer currencies on Thursday, holding steady after mixed signals from the latest release of U.S. economic indicators, while the Japanese yen was headed for one of its strongest weekly finishes in a year.U.S. Labor Department data on Thursday ...
11 hours ago
Dollar under pressure as traders weigh economic data; yen set for strong weekly finish
NEW YORK, Feb 12 : The U.S. dollar edged lower against major currencies on Thursday as traders assessed a stream of economic indicators for their monetary policy implications while the Japanese yen continued its march towards one of its strongest weekly finishes in a year.U.S. Labor Department d ...
11 hours ago
SoftBank's PayPay moves closer to public markets with US IPO filing
Feb 12 : Japanese payments app PayPay, which is backed by SoftBank, on Thursday made public its paperwork for an initial public offering in the United States. The move sets the stage for the first U.S. listing of a SoftBank-majority investment since the blockbuster IPO of chip designer Arm Holdings ...
11 hours ago
US Senate committee advances bill to speed approvals for new satellites
WASHINGTON, Feb 12 : The U.S. Senate Commerce Committee on Thursday passed legislation aimed at speeding approval of new satellites to extend broadband internet service to more of the United States.The approval comes less than two weeks after Elon Musk's SpaceX filed for approval to launch a co ...
12 hours ago
Palo Alto plans dual listing in Tel Aviv after closing $25 billion CyberArk deal
JERUSALEM, Feb 12 : Shares of Nasdaq-listed Palo Alto Networks will also trade on the Tel Aviv Stock Exchange, the cybersecurity firm said on Thursday, after it closed its $25 billion purchase of Israeli peer CyberArk Software.Following the dual listing, Palo Alto will be the largest company by mark ...
12 hours ago
iFast Q4 net profit rises more than 70% to S$19.3 million as banking operations turn profitable
Ranamita Chakraborty - Revenue for the quarter up 45.7% to S$151.7 million, driven by stronger contributions from ePension division and improved performance across core wealth...
12 hours ago
iFast Q4 net profit rises more than 70% to S$32.9 million as banking operations turn profitable
Ranamita Chakraborty - Revenue for the quarter up 45.7% at S$151.7 million, driven by stronger contributions from ePension division
12 hours ago
Apple’s iPhone only smartphone to see sales growth in China this January
Every major Chinese mobile maker sees steep declines in a market that is down 23% overall
12 hours ago
Wall St rises as markets assess economic data
[NEW YORK] Wall Street’s main indexes inched higher on Thursday (Feb 12), a day after robust jobs growth and a dip in...
13 hours ago
It’s not just Swiss francs; Asia’s rich are buying Swiss properties too
Kwan Wei Kevin Tan - When it comes to investing in safe-haven assets during times of crisis, most investors would think of parking their capital in gold. But gold is not exactly cheap these days; prices went up by 66% in 2025 and are now at historic highs even after sharply diving as much as 12% on Jan 30. All that capi ...
13 hours ago
Fund top-ups position Singapore as leading centre for equity fundraising
Benjamin Cher - [SINGAPORE] The top-ups to the Financial Sector Development Fund and Anchor Fund are strategic moves to bolster Singapore’s position as a leading...
13 hours ago
AI cloud firm Nebius posts surge in capex on GPU, data center expenses
Feb 12 : Nebius Group reported a sharp rise in quarterly capital spending on Thursday, driven by purchases of artificial intelligence processors and growing data center investments, as the AI cloud firm rushes to secure capacity to meet soaring demand.The Amsterdam-based company, which counts tech g ...
13 hours ago
Zebra Technologies shares rise on upbeat 2026 forecast, $1 billion stock buyback plan
Feb 12 : Zebra Technologies forecast 2026 sales and profit above Wall Street estimates on Thursday, banking on robust demand for its barcode scanners and communication devices, sending shares of the company up more than 17 per cent. Zebra also announced a $1 billion share buyback program. The comp ...
13 hours ago
SMEs unlikely to face sharp cost increases from EP, S Pass salary hikes, but offshoring interest may grow
Renald Yeo - A key way for SMEs to adapt to higher costs is to offshore parts of their operations, say industry observers
13 hours ago
Mercedes flags more margin pressure ahead, tough road in China
The premium German automaker’s 2025 operating profit misses forecast, down 57%
13 hours ago
iFast Corp's FY2025 earnings cross $100 million mark
The Edge Singapore - iFast Corp's earnings for its 4QFY2025 increased by 70.4% y-o-y to $32.86 million, which brings its full-year earnings to $100.1 million, an increase of 50.1%. Revenue for the year ended Dec 31, 2025 was up 34.4% to $514.72 million, with all-round contribution from its various products and mark ...