Soft payment volume overshadows Adyen's revenue growth, shares tumble 15%
Feb 12 : Dutch payments processor Adyen's revenue grew more than a fifth in the second half of 2025, but weaker-than-expected transaction volumes and a cautious guidance for 2026 sent its shares falling 15 per cent on Thursday.Its processed transaction volumes rose 19 per cent to 745 billion eu ...
Budget 2026: Singapore to move forward with confidence despite ‘profound global change’, says PM Wong
Low Youjin - Decades of capability building and industry transformation have strengthened Singapore’s economic foundations
UK picks HSBC as platform provider for its digital bond pilot issuance
LONDON, Feb 12 : The UK has chosen HSBC's blockchain platform to run the country's pilot issuance of tokenised or digital government bonds, the bank said on Thursday, a move that puts Britain ahead of its G7 peers in exploring blockchain-based sovereign debt.The UK's "Digital Gil ...
BOJ could hike rates as early as March, up to 3 times in 2026, Mizuho executive says
TOKYO, Feb 12 : The Bank of Japan could raise key interest rates again as early as March and deliver up to three hikes this year in light of persistent inflation and yen weakness, Mizuho Financial Group's markets chief told Reuters on Thursday.With the yen having weakened and inflation continui ...
Asian stocks scale record high, US jobs lift dollar and yields
SINGAPORE: Asian stocks rose to a record high on Thursday, while the dollar firmed against most currencies except the yen after a surprisingly strong US jobs report dented near-term rate cut expectations, setting the stage for inflation data on Friday (Feb 13). Markets in South Korea and Japan hit ...
Samsung begins HBM4 chip shipments
SEOUL, Feb 12 : Samsung Electronics said on Thursday that it has started shipping the latest high-bandwidth memory chips, HBM4, as the chipmaker races to catch up with rivals in supplying to Nvidia.The global race to build AI data centers has fuelled demand for HBM, a type of dynamic random-access m ...
S’pore hospitality to see ‘go time’ in 2026, STB forecasts increased visitor arrivals and tourist receipts: OCBC
Douglas Toh - Singapore saw some 16.9 million tourist arrivals in 2025, a slight miss of the Singapore Tourism Board’s (STB) forecast of 17 million to 18.5 million. On a y-o-y basis, OCBC Group Research’s Ada Lim notes that this marked a 2.3% increase, which is a recovery to 88.5% of pre-Covid levels. Some 3. ...
Hospitality sector may benefit, with 2026 tourist arrivals forecast to hit 17 million: OCBC Research
Therese Soh - Stocks with exposure to hospitality may gain from improved hotel performance, tourist receipts
‘Go time’: Hospitality sector may benefit with 2026 tourist arrivals forecast to reach 17 million
Therese Soh - Stocks with exposure to hospitality may gain from improved hotel performance, tourist receipts
Indonesia's Medco expansion plans bet on rising energy demand in Southeast Asia
JAKARTA, Feb 12 : Indonesia's biggest listed oil and gas company PT Medco Energi Internasional plans "aggressive" expansions in Southeast Asia and the Middle East as it bets on rising energy demand, particularly from data centres, its president director said.Medco last year announced ...
SoftBank posts fourth straight quarterly profit of $1.6 billion on OpenAI gains
TOKYO, Feb 12 : Japan's SoftBank Group said on Thursday it logged a net profit of 248.6 billion yen ($1.62 billion) in the October-December quarter, boosted by the rising valuation of its investment in OpenAI. The results, which mark SoftBank's fourth consecutive quarter in the black, comp ...
SoftBank posts $1.6 billion quarterly profit on OpenAI gains
TOKYO, Feb 12 : Japan's SoftBank Group said on Thursday it logged a net profit of 248.6 billion yen ($1.62 billion) in the October-December quarter, boosted by the rising valuation of its investment in OpenAI. The results, which mark SoftBank's fourth consecutive quarter in the black, comp ...
SoftBank posts $1.6 billion profit in third quarter
TOKYO, Feb 12 : Japan's SoftBank Group said on Thursday it logged a net profit of 248.6 billion yen ($1.62 billion) in the October-December quarter.The results compare to a net loss of 369 billion yen over the same period the previous year.The results mark SoftBank's fourth consecutive qua ...
Legrand bets on data centre growth, lifts profit targets
Feb 12 : French electrical and digital building infrastructure group Legrand on Thursday said strong data centre demand was helping its expansion, supporting a slight increase in its medium-term profitability targets.The group, which sells products for the commercial, industrial and residential sect ...
Lim & Tan Securities starts Reclaims Global at ‘buy’ with target price of 60 cents
Felicia Tan - Lim & Tan Securities analysts Linus Loo and Chan En Jie have initiated a “buy” call on Reclaims Global with a target price of 60 cents, implying an upside of 27.7% to its last-closed price of 47 cents on Feb 11. “We see several imminent re-rating catalysts for Reclaims Global in March 2026 ...
Samsung Electronics says it has shipped HBM4 chips to customers
SEOUL, Feb 12 : Samsung Electronics said on Thursday that it has begun mass production of its latest HBM4 chips and has shipped commercial products to customers.
China bans below-cost car sales to end prolonged price war
Despite Beijing’s efforts to stamp out aggressive discounting, the new year has brought a new round of price cuts
Toyota extends bid for group forklift maker after Elliott's opposition
TOKYO, Feb 12 : A Toyota Motor tender offer for Toyota Industries has been extended until March 2 after it appeared to fall short of the necessary shareholder votes in the face of staunch opposition from activist shareholder Elliott Investment.News of the extension boosted expectations that the offe ...
Toyota extends bid for group forklift manufacturer after Elliott's opposition
TOKYO, Feb 12 : A Toyota Motor tender offer for Toyota Industries has been extended until March 2 after staunch opposition from U.S. activist shareholder Elliott Investment Management, lifting shares in the forklift manufacturer to a record high.The sweetened tender offer was due to close on Thursda ...
Toyota group firm extends Toyota Industries tender offer to boost buyout's chances
TOKYO, Feb 12 : A group company of Toyota Motor said on Thursday that the tender offer period for its buyout of forklift maker Toyota Industries will be extended until March 2 to increase the chances of the bid succeeding. The deadline was extended from February 12 to give shareholders a fresh oppor ...
Blackstone folds hedge fund seeding into US$60 billion business
SAF typically gives emerging managers locked-up startup capital in the region of US$150 million, in exchange for a cut of their revenue
Lufthansa strikes force hundreds of German flight cancellations
Europe’s largest aviation group faces mounting pressure to lift profitability in a crowded market
Maybank's Ong raises target price for Thomson Medical on higher underlying Johor landbank value
The Edge Singapore - Eric Ong of Maybank Securities has kept his "hold" call on Thomson Medical, citing how near-term headwinds persist for the company's existing hospital operations. However, with an eye on its landbank in Johor that is seen to be fetching a richer underlying value estimated by Ong at $1 ...
DBS maintains Prime US REIT at 'buy' and 35 US cents target price following higher payout ratio
The Edge Singapore - Derek Tan of DBS Group Research has kept his "buy" call and 35 US cents target price on Prime US REIT, cheered by the REIT's plan to up its payout ratio to 65% from 50% now, which in turn, was already an increase from just 10% previously. On Feb 11, the REIT announced its 2HFY2025 DPU ...
UBS joins foreign banks expanding India global capability hubs
The Swiss bank plans to add “2,000 professionals in the coming months” at the new facility
Indonesia reviews decision to take over Martabe gold mine
Authorities have said the assets will be transferred to the sovereign wealth fund Danantara Indonesia
Asian stocks at record high, US jobs data buoys yields, dollar
Inflation data is due on Friday and will be the next test for market views on interest rate cuts
Pentagon pushing AI companies to expand on classified networks: sources
Military officials are hoping to leverage AI’s power to synthesise information to help shape decisions
China has bought some Venezuelan oil from the US, Chris Wright says
In Asia, several Indian refiners have bought Venezuela’s flagship Merey crude following the US action
Johor data centres hit ‘time to power’ bottleneck
Anita Gabriel - Approvals and grid delivery delays – not generation capacity – are determining which data centre projects move ahead on schedule
Gold, silver dip as dollar rises after strong US jobs data
Investors now await the weekly jobless claims report on Thursday
US FTC raises concerns over accusations Apple News favors articles from left-wing outlets
Feb 11 : The U.S. Federal Trade Commission has raised concerns with Apple about accusations that Apple News promotes news articles from left-wing news outlets and suppresses content from conservative publications, the FTC's chairman said on Wednesday.In a letter sent to Apple CEO Tim Cook, FTC ...
South Koreans are shunning dangerous shipbuilding jobs envied by Trump
Demand is growing as the industry enjoys a new boom that puts further strains on its workforce
Zheneng Jinjiang Environment has been approached on ‘possible transaction’ of shares
Teo Zheng Long - Zheneng Jinjiang Environment Holding (SGX: BWN ) (Zheneng Jinjiang) has announced that the company has been approached with regards to a “possible transaction” of involving its shares. In a filing dated Feb 12, Zheneng Jinjiang’s board of directors said that the “possible transaction” is n ...
