22 hours ago
CapitaLand Integrated Commercial Trust’s H2 DPU rises 9.4% to S$0.0596
Shikhar Gupta - Distributable income up 16.4% at S$449 million
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
22 hours ago
Exclusive-The sale of xAI comes with tax, financial and legal benefits for xAI and SpaceX investors
NEW YORK, Feb 5 : Elon Musk used a common two-step merger process in SpaceX's purchase of xAI that had the dual benefit of avoiding the repayment of billions of dollars in debt while giving shareholders a tax advantage, according to people familiar with the transaction. It also protects Space ...
22 hours ago
Japan's Kirin to sell Four Roses bourbon brand to Gallo for $775 million
Feb 6 : Japanese brewer Kirin Holdings said on Friday it will sell its Kentucky bourbon brand Four Roses to E&J Gallo Winery of the U.S. for up to $775 million.Kirin, which bought Four Roses in 2002, said it was looking to complete the deal in the second quarter. The sale will allow Kirin to &qu ...
22 hours ago
Piyush Gupta to be Keppel chairman: What the ex-DBS chief has been up to post-retirement
Deon Loke - From moderating conferences to traveling, Gupta has been engaged with a variety of activities
22 hours ago
Piyush Gupta’s post-retirement life: What the ex-DBS chief has been up to since leaving Singapore’s biggest bank
Deon Loke - The Business Times looks at his relentlessly busy second act
22 hours ago
Rio walks away from Glencore mega merger on price impasse
The idea of a combination of the two companies has been discussed several times over more than a decade
23 hours ago
CICT's 2HFY2025 DPU up 9.4% to 5.96 cents; full-year payout at 11.58 cents
The Edge Singapore - Even with a larger unit base, CapitaLand Integrated Commercial Trust's (CICT) 2HFY2025 distribution per unit (DPU) is up 9.4% y-o-y to 5.96 cents, driven by a combination of contributions from ION Orchard, step-up acquisition of CapitaSpring’s commercial component, stronger performance from e ...
23 hours ago
Margin relief lifts outlook for DBS, OCBC and UOB, extending Singapore bank rally
Tan Nai Lun - Sentiment remains largely positive on the sector amid resilient asset quality, steady capital returns
23 hours ago
News Corp beats quarterly revenue estimates on growth in Dow Jones unit
Its total revenue of US$2.36 billion for the quarter beat analysts’ estimates
23 hours ago
Michael Saylor’s crypto project pounded after US$12.4 billion loss
Strategy holds over 713,000 Bitcoin, valued at about US$46 billion
23 hours ago
Microchip Tech forecasts quarterly profit below estimates as memory shortages bite
Feb 5 : Chipmaker Microchip Technology forecast fourth-quarter profit below Wall Street estimates on Thursday, raising concerns about the impact of a memory-supply crunch on the wider semiconductor industry.Shares of the Chandler, Arizona-based company fell more than 5 per cent in extended trading.A ...
23 hours ago
Reddit forecasts revenue above estimates as AI fuels ad sales
Its daily active unique visitors rose 19 per cent, to 121.4 million in Q4 2025
23 hours ago
Amazon says it will spend US$200 billion this year on AI build-out
Microsoft and Alphabet also spent more heavily than anticipated
24 hours ago
Oil settles almost 3% down on easing supply concerns ahead of US, Iran talks
[HOUSTON] Oil prices settled down almost 3 per cent on Thursday in choppy trading, after the US and Iran agreed to hold talks...
24 hours ago
European shares fall as investors gauge earnings, ECB keeps rates unchanged
EUROPEAN shares fell on Thursday as the European Central Bank kept interest rates unchanged but offered no clues about its next move, while investors...
1 day ago
US stocks: Wall Street ends sharply down as AI worries weigh
WALL Street ended sharply lower on Thursday, with the Nasdaq dragged to its lowest since November by losses in Microsoft, Amazon and...
1 day ago
US dollar hits two-week high, pound slumps after BoE holds rates
NEW YORK, Feb 5 : The U.S. dollar hit a two-week high on Thursday as fresh volatility gripped stocks and the pound tumbled after the Bank of England voted by a razor-thin margin to leave UK rates unchanged.The greenback found firmer footing this week as investors turned more risk-averse and finan ...
1 day ago
Saylor-led Strategy's quarterly losses widen as bitcoin faces another reckoning
Feb 5 : Strategy reported a wider fourth-quarter loss on Thursday, as a turbulent period for digital assets caused the world's largest hoarder of bitcoin to record losses on its holdings.Shares of the Michael Saylor-led company fell 1.3 per cent in after-hours trading, extending heavy selling f ...
1 day ago
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 ...
1 day ago
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 ...
1 day ago
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 ...
1 day ago
Workplace romance: When boards must step in
When do workplace relationships cross the line – from being a personal issue to a boardroom concern?
1 day ago
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 ...
1 day ago
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' ...
1 day ago
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 ...
1 day ago
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, ...
1 day ago
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...
1 day ago
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
1 day ago
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...
1 day ago
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
1 day ago
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.
1 day ago
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 ...
1 day ago
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 ...
1 day ago
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