1 day ago
Fu Yu appoints Victor Lim as managing director after board dispute
Low Youjin - Lim’s appointment comes after a month-long review
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Fu Yu appoints largest shareholder Victor Lim as managing director
The Edge Singapore - Fu Yu Corp has appointed its largest shareholder Victor Lim as managing director, with effect from Feb 1. Lim started working in Fu Yu back in Jan 2021 as its director of strategy. The company's controlling shareholder then was a VCC fund managed by Pilgrim Partners, which bought the stake from ...
1 day ago
CDL’s freehold Newport Residences sells 57% of units on launch weekend
Jovi Ho - City Developments’ (CDL) freehold Newport Residences sold 140, or 57%, of its 246 units on its launch weekend, as at 5pm on Feb 1. Priced at an average of $3,370 psf (excluding the Super Penthouse), about 82% of buyers are Singaporeans, while 15% are Singapore Permanent Residents (PRs) from Indone ...
1 day ago
What is tokenised gold, and why is it taking off in Asia?
Benicia Tan - Market watchers note that Singapore’s banks have taken a more measured approach towards tokenised gold offerings for retail investors
1 day ago
ST Engineering debuts its largest cargo drone at Singapore Airshow 2026
Derryn Wong - The unmanned aircraft can carry up to 100 kg and is planned to begin operation in 2028
1 day ago
French tech company Capgemini to sell US unit linked to ICE
PARIS, Feb 1 : French IT company Capgemini will sell its U.S. subsidiary Capgemini Government Solutions, it said on Sunday, after coming under pressure to explain a contract the latter signed with U.S immigration enforcement agency ICE.French lawmakers, including Finance Minister Roland Lescure, had ...
1 day ago
French tech company Capgemini says selling US subsidiary
PARIS, Feb 1 : French tech company Capgemini said on Sunday it was selling its U.S. subsidiary Capgemini Government Solutions.Capgemini has been under pressure in recent days to explain a contract it signed with U.S immigration enforcement agency ICE, amid growing criticism of ICE following weeks of ...
1 day ago
Nvidia CEO says new OpenAI investment may be largest yet
Jensen Huang calls the artificial intelligence research organisation “one of the most consequential companies of our time”
1 day ago
Chinese travel giant Trip.com bets on Apac growth as it looks beyond home market
Elysia Tan - It will strengthen its branding and continue to develop specialised products for the newer audience
1 day ago
Musk says steps to stop Russia from using Starlink have worked
Feb 1 : Elon Musk said on Sunday that steps SpaceX had taken to stop the 'unauthorized' use of Starlink by Russia seemed to have worked. "Looks like the steps we took to stop the unauthorized use of Starlink by Russia have worked. Let us know if more needs to be done," SpaceX CEO ...
1 day ago
Indonesia permits Elon Musk’s Grok to resume service after ban
X says it has implemented measures to address the misuse of Grok
1 day ago
Indonesia pledges transparency reforms, probes market manipulation after US$80 billion rout
Elisa Valenta - The reforms follow an MSCI warning on market transparency that sparked a sell-off and forced top officials to resign
1 day ago
Institutions turn net sellers as new share placements hit the market
Net institutional outflow of S$61.6 million has reduced the net inflow for January to S$211 million
1 day ago
Automobile Association of Singapore rolls out first of its kind insurance for rental cars overseas
Derryn Wong - An annual plan, it will cover additional charges beyond the basic rental car protection coverage such as window or tyre damage and...
1 day ago
Trump welcomes China, India investment in Venezuela oil
Venezuela will allow greater ownership for foreign oil companies
1 day ago
Singtel, KKR near deal to acquire majority stake in STT Global Data Centres in deal valued at $13 bil: WSJ
The Edge Singapore - Singtel and KKR are nearing a deal to buy ST Telemedia Global Data Centres in a deal that values the assets at more than $13 billion, according to the Wall Street Journal. Talks are at a very advanced stage, and an announcement could be made soon, according to the Journal, citing "people famili ...
1 day ago
KKR, Singtel near deal to acquire majority stake in STT Global Data Centres in deal valued at $13 bil: WSJ
The Edge Singapore - KKR and Singtel are nearing a deal to buy over the controlling stake in ST Telemedia Global Data Centres in a deal that values the assets at more than $13 billion, according to the Wall Street Journal. Talks are at a very advanced stage, and an announcement could be made soon, according to the Journ ...
1 day ago
'People's dad' Jensen Huang praises, pushes Nvidia suppliers on mobbed Taiwan visit
Nvidia's CEO said it would be another good year for business, even as he expressed concerns about supplies of memory chips - which support AI workloads - amid a production crunch.
1 day ago
Why Chinese companies are eyeing SGX again
According to statistics, there are still around 100 Chinese companies listed on SGX today
2 days ago
Waymo seeking about $16 billion near $110 billion valuation, Bloomberg News reports
Jan 31 : Alphabet unit Waymo is aiming to raise about $16 billion in a financing round that would value it at nearly $110 billion, Bloomberg News reported on Saturday, citing people familiar with the matter.Reuters could not immediately verify the report.
2 days ago
Bitcoin falls below $80,000, continuing decline as liquidity worries mount
Jan 31 : Bitcoin, the world's largest cryptocurrency by market value, was down by 6.53 per cent at $78,719.63 at 12:48 p.m. ET (1748 GMT) on Saturday, continuing its decline from the previous session.On Friday, bitcoin fell to as low as $81,104, the lowest since November 21, while the U.S. doll ...
2 days ago
Bitcoin falls below $80,000, continuing decline
Jan 31 : Bitcoin, the world's largest cryptocurrency by market value, was down by 6.53 per cent at $78,719.63 at 1748 GMT on Saturday.On Friday, bitcoin fell to as low as $81,104, the lowest since November 21, after former Federal Reserve Governor Kevin Warsh was selected as the next Fed chair ...
2 days ago
SpaceX seeks FCC nod for solar-powered satellite data centers for AI
WASHINGTON, Jan 31 - Elon Musk's SpaceX wants to launch a constellation of 1 million satellites that will orbit Earth and harness the sun to power AI data centers, according to a filing at the Federal Communications Commission.The filing on Friday was posted a day after Reuters exclusivel ...
2 days ago
Nvidia CEO Huang denies he is unhappy with OpenAI, says 'huge' investment planned
TAIPEI, Jan 31 : Nvidia plans to make a "huge" investment into OpenAI, probably its largest ever, CEO Jensen Huang said on Saturday, denying he was unhappy with the ChatGPT maker. The chipmaker in September announced plans to invest up to $100 billion in OpenAI, a deal that would give Open ...
2 days ago
CDL’s freehold Newport Residences sells 56% of units on launch day
Jovi Ho - City Developments’ (CDL) freehold Newport Residences sold 139 of its 246 units on its Jan 31 launch, with sea-facing two-bedroom units fully sold, according to Mark Yip, CEO, Huttons Asia. In addition, “almost all” one-bedroom units facing the sea were snapped up, adds Yip. Around 79% of units ...
2 days ago
Property auction listings reach four-year high in 2025
Jovi Ho - A total of 529 properties were listed for auction in 2025, marking a four-year high for the Singapore property auction market, according to ETC, a member of Realion Group. An increase in the number of mortgagee-sale listings drove the number of overall auctions last year 22.2% higher compared to 202 ...
2 days ago
Toyota to recall over 161,000 US vehicles over rear-view camera display
Jan 31 : Toyota is recalling 161,268 vehicles in the U.S. for a problem with the rear-view camera display when the vehicle is in reverse, the National Highway Traffic Safety Administration said on Saturday.
2 days ago
Market swings in India surge from historic low as budget nears
With the Nifty 50 down more than 3% this year, Indian shares have become some of the world’s worst performers
2 days ago
Apple loses more AI researchers and a Siri executive in latest departures
The company has struggled to keep up with peers in the artificial intelligence race
2 days ago
ExxonMobil, Chevron clock best month since 2022 as crude surges
The robust moves come alongside an upswing in oil prices and a broader rally
2 days ago
Sandisk’s 1,600% rally keeps going after ‘unprecedented’ quarter
Memory and storage companies have historically traded at lower valuations due to their cyclical nature
2 days ago
Mercedes seeks to regain China luxury lead with new S-Class
Germany’s automakers have already lost the battle in the Asian nation on mass-market EVs
2 days ago
Tether’s annual profit drops 23% in midst of fundraising
USDT is the largest stablecoin, with over US$185 billion in circulation
2 days ago
Shorter waits for 1,300 BTO flats on sale in Feb; Tampines project to be ready in less than two years
It is one of the fastest flat completion times since such shorter waiting time projects were introduced in 2018