13 hours ago
Walmart will pay out 121% of annual bonuses to US corporate staff
E-commerce is fuelling the retailer’s expansion and is set to be its main growth driver going forward
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
13 hours ago
Dollar weakens as US tariffs struck down, Iran tensions rise
NEW YORK, Feb 23 : The dollar weakened on Monday as traders evaluated U.S. tariff policies after the U.S. Supreme Court on Friday struck down President Donald Trump’s tariffs, while traders also watched rising tensions with Iran, which is in talks with the United States over a nuclear treaty.The j ...
14 hours ago
Wall Street opens lower as tariff uncertainty hurts risk appetite
[NEW YORK] Wall Street’s main indexes opened lower on Monday (Feb 23) as renewed tariff uncertainty unnerved investors after US President Donald...
14 hours ago
ASML unveils EUV light source advance that could yield 50% more chips by 2030
Power boost to 1,000W cuts chip costs, improves wafer output
14 hours ago
IQM Quantum Computers to list shares in US at initial $1.8 billion valuation
BRUSSELS, HELSINKI, Feb 23 : Finnish-headquartered IQM Quantum Computers is aiming to list its shares on the U.S. stock market via a merger with a special purpose acquisition company Real Asset Acquisition Corp, the companies said on Monday.The transaction will give the European company an initial e ...
14 hours ago
Carlsberg said to begin US$700 million IPO process for India unit
Details, including the size, structure and timing of the transaction, are still being finalised
15 hours ago
Centurion Accommodation REIT reports DPU of 1.739 cents, outperforming forecast by 6.7%
Felicia Tan - Centurion Accommodation REIT (CAREIT), which listed in September 2025, has reported a distribution per unit (DPU) of 1.739 cents for the financial period from Aug 12, 2025, to Dec 31, 2025, outperforming its forecast DPU of 1.63 cents by 6.7%. Based on CAREIT’s closing price of $1.11 per unit as a ...
15 hours ago
Centurion Accommodation Reit posts DPU of S$0.01739 in first results since IPO
Ry-Anne Lim - This is 6.7% higher than its forecast of S$0.0163; its revenue is also higher than forecast
15 hours ago
OpenAI deepens partnerships with consulting giants to push enterprise AI beyond pilot
Feb 23 : OpenAI is expanding its push into the enterprise market by teaming up with four of the world’s largest consulting firms, betting that a more hands-on approach will help corporate clients move beyond pilot projects to full-scale AI deployments.The company said on Monday it had launched the ...
15 hours ago
ValueMax 2HFY2025 earnings up 14% y-o-y, full year earnings cross $100 mil
The Edge Singapore - ValueMax Group has reported earnings of $54.1 million for its 2HFY2025, an increase of 14% y-o-y. This brings its earnings for the whole of FY2025 to a record $102.1 million, up 23.2% over the preceding FY2024 ended Dec 2024. Revenue in the same FY2025 was up 21.3% to $553.1 million. ValueMax attrib ...
15 hours ago
Singapore logistics body inks MOUs to tap JS-SEZ, boost sustainability and digital push
Jermaine Fok - Among the agreements are two to anchor cross-border logistics cooperation
15 hours ago
MoneyMax's 2HFY2025 earnings nearly double to $42 mil
The Edge Singapore - MoneyMax Financial Services has reported earnings of $42 million for its 2HFY2025, an increase of 94.3% y-o-y. This brings its full year earnings to $71.7 million, up 87.6% over the preceding FY2024 ended Dec 2024. The company attributes the stronger numbers to its retail and trading of gold and lux ...
16 hours ago
Gilead to buy US biotech Arcellx for up to US$7.8 billion
The US drugmaker seeks to boost its cancer drug pipeline
16 hours ago
Apac Realty's FY2025 earnings up 184.9%
The Edge Singapore - Thanks to a pick up in new private home sales, Apac Realty has reported earnings of $9.3 million for its 2HFY2025, up 20.6% y-o-y. This brings its earnings for the full year ended Dec 2025 to $20.6 million, a jump of 184.9% over the preceding FY2024. Revenue for 2HFY2025 was up 12.9% y-o-y to $334.1 ...
16 hours ago
Soon Hock Enterprise FY2025 earnings up 10.6 times
The Edge Singapore - Industrial property developer Soon Hock Enterprise Holding has reported earnings of $37.9 million for its FY2025, an increase of 10.6 times over the preceding year ended Dec 2024. Revenue in the same period was up 27.9 times to $227.9 million. The higher numbers were mainly due to recognition of rev ...
16 hours ago
ValueMax H2 profit rises 14% to S$54.1 million on higher revenue
Chloe Lim - Earnings per share at S$0.0591 for the period, up from S$0.0546 previously
16 hours ago
Indian telecom firm Bharti Airtel to invest $2.2 billion to expand digital lending
Feb 23 : Bharti Airtel will invest 200 billion rupees ($2.2 billion) in its financial arm over the next few years, India's second-largest mobile carrier by number of users said on Monday, as it steps up its push into digital lending.The capital will be infused into its subsidiary, Airtel Money, ...
16 hours ago
Software companies face higher borrowing costs, tougher scrutiny as AI threatens businesses
No software sector deals in pipeline as firms await trading level recovery
16 hours ago
US to make tariff decision on solar panels from India, Indonesia and Laos
Feb 23 : The U.S. Commerce Department on Monday will reveal a preliminary decision on whether to impose anti-subsidy duties on solar cells and panels imported from India, Laos and Indonesia.The announcement is the first of two expected by the agency in the coming weeks in a trade case brought by a g ...
17 hours ago
MoneyMax, with H2 2025 profit nearly double at S$42m, declares special dividend
Benjamin Cher - Its board declares a final dividend of S$0.015 a share and a special dividend of S$0.005 a share for the financial year
17 hours ago
UK privacy watchdog warns over AI-generated images in joint statement
LONDON, Feb 23 : Britain's privacy watchdog published a joint statement with dozens of international authorities on Monday, setting out concerns over images generated by artificial intelligence which depict identifiable individuals without their consent. "We call on organisations to engage ...
17 hours ago
IPO candidates head overseas as South-east Asian markets lag
Listing abroad offers a way to distance themselves from weaknesses at home
18 hours ago
iFast appoints Tan Tia Hong as new group COO
Benjamin Cher - [SINGAPORE] Digital wealth platform iFast announced that it has appointed Tan Tia Hong as the new group chief operating officer with effect...
18 hours ago
AIA, EPF among potential cornerstone investors for Sunway Healthcare’s RM3 billion IPO: sources
The private healthcare provider targets a minimum of 17 cornerstone investors
18 hours ago
Wipro executive says AI is an opportunity, not a threat
(Corrects to "executive" from "CTO" in headline, adds designation in paragraph 3)By Haripriya SureshBENGALURU, Feb 23 : India's Wipro expects rapid AI adoption to boost rather than shrink demand for software service providers, a top executive said, countering concerns that t ...
18 hours ago
Wipro's CTO says AI is an opportunity, not a threat
BENGALURU, Feb 23 : India's Wipro expects rapid AI adoption to boost rather than shrink demand for software service providers, a top executive said, countering concerns that the technology threatens the industry's outsourcing model.The $283 billion sector has been hit by a sharp market sel ...
18 hours ago
Indonesia considering revoking environmental permit of nickel company after fatal landslide, minister says
18 hours ago
Singapore stocks rise on Monday amid Trump’s latest tariff salvo; STI up 0.5%
Benicia Tan - The iEdge Singapore Next 50 Index remains almost flat at 1,520.5
18 hours ago
DBS initiates coverage on Jardine C&C with ‘buy’ on ‘strategic exposure’ to Vietnam, Indonesia
Therese Soh - Astra International, which is 50.1% owned by the group, is expected to post consensus-beating earnings for FY2026, says DBS
18 hours ago
SingFinance 2HFY2025 net profit up 2% despite provisions
The Edge Singapore - Due to lower financing costs, Sing Investments & Finance was able to report a slight increase of 2% y-o-y for its 2HFY2025 bottom line, despite a lower topline and a jump in provision for credit allowances. For the half year ended Dec 31 2025, net profit after tax was $20.6 million, versus $20.3 ...
18 hours ago
Boustead likely to pay special dividend following IPO of UI Boustead REIT
The Edge Singapore - UI Boustead REIT’s preliminary prospectus is likely to be lodged on Feb 26, following Boustead Singapore’s EGM on Feb 25. UI Boustead REIT’s IPO portfolio is likely to comprise 23 properties of which 21 are in Singapore and two in Japan. Total gross floor area is estimated at 5.9 million sq ft ...
18 hours ago
Singapore researchers partner with Nobel Laureate’s start-up to tackle quantum hardware bottleneck
Nurdianah Md Nur - Singapore is deepening its push in the global quantum race by partnering with Qolab, a start-up co-founded by 2025 Physics Nobel Laureate Professor John M. Martinis, to tackle a key engineering bottleneck. Researchers at the National Quantum Federated Foundry (NQFF) have signed a collaboration agree ...
18 hours ago
Chinese smartphone maker Honor plans humanoid service robot
The robot will make its debut at the MWC Barcelona tech conference
19 hours ago
Blue Owl redemption halt sparks jitters, but Asian private credit seen largely shielded
Benjamin Cher - With such funds being closed-end in this region, systemic risk is lower: analysts