Reddit forecasts strong revenue as AI tools drive ad sales
Feb 5 : Reddit forecast first-quarter revenue above analysts' estimates on Thursday, as artificial intelligence-powered enhancements to its ad platform help the social media platform draw more marketers.Shares of the company rose 4 per cent after-hours as Reddit also announced its maiden share ...
Amazon projects $200 billion in capital spending this year
Feb 5 : Amazon.com on Thursday joined its Big Tech peers in projecting massive capital expenditures in 2026, the freshest sign yet that tech companies will not be hitting the brakes on their hefty AI investments anytime soon.The company said it expects to invest about $200 billion in capital expendi ...
Amazon sees 50% boost to capital spending this year; shares tumble
Feb 5 : Amazon on Thursday projected a surge of more than 50 per cent in capital expenditures this year, joining its peers in a spending spree to build out artificial-intelligence infrastructure, and sending its shares down 9 per cent in after-hours trading.It is the latest sign that Big Tech will n ...
Workplace romance: When boards must step in
When do workplace relationships cross the line – from being a personal issue to a boardroom concern?
Bitcoin slump shakes companies that jumped on crypto-hoarding bandwagon
Turbulence in the cryptocurrency market is dragging down shares of companies that hold bitcoin and other digital assets on their balance sheets, sparking concerns over potential broader strains in the sector. The number of publicly traded companies investing in cryptocurrencies in the hope they wou ...
Anthropic releases AI upgrade as market punishes software stocks
SAN FRANCISCO, Feb 5 : Technology startup Anthropic on Thursday launched what it called an improved artificial intelligence model, days after its product advances helped kick-start a selloff of traditional software stocks.The San Francisco-based lab, which is backed by Amazon.com and Alphabet' ...
Pirelli board rejects Sinochem's spin-off plan to end dispute over governance
ROME, Feb 5 : The board of Italian tyremaker Pirelli opposes any spin off of its cyber tyre activities, the company said on Thursday, reacting to a plan put forward by Chinese shareholder Sinochem to settle a governance dispute. Directors are against "any project or initiative that might lead t ...
Black hole continues to belch years after chewing up a star
WASHINGTON, Feb 5 : Scientists are observing the behavior of a supermassive black hole that is displaying exceptionally messy eating habits.Primarily using radio telescopes in New Mexico and South Africa, they are watching the black hole, residing at the center of a galaxy far beyond our Milky Way, ...
Autobahn Rent A Car director Roy Tan faces fresh forgery charge
Derryn Wong - He is accused of forging nine receipts to show that S$1.9 million had been paid in full to Toyota distributor Borneo Motors...
Offer for Low Keng Huat turns unconditional with 95.5% of shares secured
Sharanya Pillai - Managing director Marco Low and his family are taking the company private at S$0.78 per share
Wall Street opens lower on anxiety over Alphabet’s capex plans
[NEW YORK] Wall Street’s main indexes opened lower on Thursday (Feb 5) as investors fretted over Alphabet’s spending plans and Qualcomm’s downbeat...
OpenAI unveils AI agent service as part of push to attract businesses
The platform is part of a broader effort by OpenAI to seize the enterprise market from its rivals
Crypto exchange Gemini plans to lay off up to 200 staff, exit Europe and Australia
Gemini approved the plan to wind down operations in the UK, the European Union, other European jurisdictions and Australia, leaving it to operate in the US and Singapore.
AcroMeta enters into binding term sheet on the proposed sale of engineering subsidiary for $1.4 mil
Teo Zheng Long - AcroMeta (SGX: 43F ) announced that it has entered into a binding term sheet with an independent third-party buyer in relation to the proposed sale and purchase of 100% of the issued share capital of its wholly owned subsidiary, Acro Harvest Engineering (ACH). AcroMeta explained that the proposed di ...
First REIT’s FY2025 DPU down 8.1% y-o-y to 2.17 cents; gearing ratio increased to 42.1%
Teo Zheng Long - First REIT (SGX: AW9U ) has reported a distribution per unit (DPU) of 2.17 cents for FY2025 ended Dec 31, which was down 8.1% y-o-y. The REIT’s rental and other income declined 1.6% y-o-y to $100.5 million in FY2025, and net property and other income fell 1.1% y-o-y to $97.3 million. The decline w ...
First Reit H2 DPU falls 10.3% to S$0.0104 on weaker rupiah and yen
Deon Loke - Distributable income for the second half declines 9.3% to S$22 million, from S$24.3 million
IQVIA backs AI strategy as analysts question impact on business
Feb 5 : Healthcare data and clinical research provider IQVIA Holdings on Thursday defended its AI strategy against analyst concerns that recent technology advances could displace the company's services, after it forecast annual profit below Wall Street expectations.The questions, posed during a ...
All signs point to recovery as real estate markets gain momentum in 2026: Nuveen
Louise Kavanagh - In the ever-changing global investment landscape, real estate is poised for a significant resurgence in 2026. The painful reset in private markets now appears firmly behind us and we believe the coming year will represent an attractive vintage for real estate allocations. Throughout 2025, transactio ...
Indonesia president has ordered firm action against stock market violations, minister says
JAKARTA, Feb 5 : Indonesia's chief economic minister said on Thursday that President Prabowo Subianto has ordered a firm response to any violations of stock market rules. Airlangga Hartarto told a forum Prabowo had instructed officials to respond to the recent market rout as soon as possible. ...
India monitoring evolving crypto trading to ensure tax compliance, top tax official says
NEW DELHI, Feb 5 : India is talking to cryptocurrency exchanges to assess evolving trading activity as it seeks oversight over newer crypto products, according to a top tax official. India does not regulate cryptocurrencies, but global crypto exchanges such as Binance, Coin DCX, Coinbase and Zebpay ...
ECB holds rates as Euro rally and tariffs threaten economy
Jana Randow, Alexander Weber and Mark Schroers / Bloomberg - The European Central Bank kept interest rates unchanged as officials assess the economic toll of a rally in the euro and renewed trade unpredictability. The deposit rate was left at 2% on Thursday — as predicted by all economists in a Bloomberg survey. The ECB didn’t offer guidance on future ste ...
ECB keeps rates unchanged even as choppy markets threaten its 'good place'
It offered no clues about its next move
China warns of security risks linked to OpenClaw open-source AI agent
The industry ministry cautions that organisations using it should apply robust identity authentication and access controls
Nio to report first adjusted operating profit for 4QFY2025
Felicia Tan - NYSE-listed Nio Inc, which has a secondary listing on the Singapore Exchange’s (SGX) Mainboard, expects to report its first adjusted operating profit for the 4QFY2025 ended Dec 31, 2025. The quarter’s adjusted profit from operations on a non-generally accepted accounting principles (non-GAAP) ba ...
AI and tech can ease S’pore’s construction bottlenecks
Avtandil Mekudishvili - Singapore’s construction sector is entering a sustained high-growth phase. Public housing, transport infrastructure, healthcare facilities and private developments are all progressing in parallel. According to the Building and Construction Authority (BCA), construction demand is projected to reach ...
Singapore Paincare Holdings expects net loss for 1HFY2026
Felicia Tan - Singapore Paincare Holdings is expecting to report a net loss for its upcoming results for the 1HFY2026 ended Dec 31, 2025, reversing from a net profit the year before. The net loss is attributed to lower revenue and other income and made worse by higher expenses incurred during the six months. On F ...
EV maker Nio set to record first adjusted operating profit for Q4 FY2025
Sharanya Pillai - The turnaround is driven by ‘sustained growth’ in sales volume and a favourable product mix
Taka Jewellery guides for ‘significant improvement’ in revenue and net profit for 1HFY2026
Felicia Tan - Taka Jewellery Holdings says it is expected to report a “significant improvement” in its revenue and net profit for the 1HFY2026 ended Dec 31, 2025. The y-o-y improvement is mainly attributed to a stronger performance across the group’s business segments. Taka Jewellery’s retail segment saw ...
Tianjin Pharma’s controlling shareholder ups stake; proposes to further increase stake in six months
Felicia Tan - Tianjin Pharmaceutical Holdings, the controlling shareholder of Mainboard-listed Tianjin Pharmaceutical Da Ren Tang Group, has acquired 82,200 shares on the Singapore Exchange Securities Trading Limited (SGX-ST) for US$242,952.79 ($309,560.72) or at an average price of US$2.96 per share on Feb 4. Th ...
Air India probes if crew followed protocols in Boeing fuel-switch incident
Britain has given Air India a week’s deadline to submit a complete response, or face regulatory action
US software shares sink further on mounting fears over AI disruption
Feb 5 : Shares of U.S. software and data services companies extended their steep slide for a seventh straight session on Thursday as investors worried that fast-advancing artificial intelligence tools could upend the sector.The S&P 500 software and services index dropped 3.1 per cent, on track t ...
US software stocks stabilize after bruising selloff on AI disruption fears
Feb 5 : Software and data services stocks stabilized on Thursday after a bruising selloff, as investors looked for clues on whether fast-advancing artificial intelligence tools are starting to dent demand for traditional software and subscription businesses.ServiceNow gained 0.7 per cent, Salesforce ...
US software stocks mixed after bruising selloff on AI disruption fears
Feb 5 : Shares of U.S. software and data services companies were mixed on Thursday after a bruising selloff earlier this week that was triggered by fears that fast-advancing artificial intelligence tools could upend the sector.Intuit edged up 0.6 per cent, while ServiceNow, Salesforce and Microsoft ...
US software stocks slammed on mounting fears over AI disruption, lose $1 trillion in week
Feb 5 : Shares of U.S. software and data services companies extended their tumble for a seventh straight session on Thursday as investors worried that fast-advancing artificial intelligence tools could upend the sector.The S&P 500 software and services index dropped 4.6 per cent, having shed abo ...
