Dollar under pressure as traders weigh economic data; yen set for strong weekly finish
NEW YORK, Feb 12 : The U.S. dollar edged lower against major currencies on Thursday as traders assessed a stream of economic indicators for their monetary policy implications while the Japanese yen continued its march towards one of its strongest weekly finishes in a year.U.S. Labor Department d ...
SoftBank's PayPay moves closer to public markets with US IPO filing
Feb 12 : Japanese payments app PayPay, which is backed by SoftBank, on Thursday made public its paperwork for an initial public offering in the United States. The move sets the stage for the first U.S. listing of a SoftBank-majority investment since the blockbuster IPO of chip designer Arm Holdings ...
US Senate committee advances bill to speed approvals for new satellites
WASHINGTON, Feb 12 : The U.S. Senate Commerce Committee on Thursday passed legislation aimed at speeding approval of new satellites to extend broadband internet service to more of the United States.The approval comes less than two weeks after Elon Musk's SpaceX filed for approval to launch a co ...
Palo Alto plans dual listing in Tel Aviv after closing $25 billion CyberArk deal
JERUSALEM, Feb 12 : Shares of Nasdaq-listed Palo Alto Networks will also trade on the Tel Aviv Stock Exchange, the cybersecurity firm said on Thursday, after it closed its $25 billion purchase of Israeli peer CyberArk Software.Following the dual listing, Palo Alto will be the largest company by mark ...
iFast Q4 net profit rises more than 70% to S$19.3 million as banking operations turn profitable
Ranamita Chakraborty - Revenue for the quarter up 45.7% to S$151.7 million, driven by stronger contributions from ePension division and improved performance across core wealth...
iFast Q4 net profit rises more than 70% to S$32.9 million as banking operations turn profitable
Ranamita Chakraborty - Revenue for the quarter up 45.7% at S$151.7 million, driven by stronger contributions from ePension division
Apple’s iPhone only smartphone to see sales growth in China this January
Every major Chinese mobile maker sees steep declines in a market that is down 23% overall
Wall St rises as markets assess economic data
[NEW YORK] Wall Street’s main indexes inched higher on Thursday (Feb 12), a day after robust jobs growth and a dip in...
It’s not just Swiss francs; Asia’s rich are buying Swiss properties too
Kwan Wei Kevin Tan - When it comes to investing in safe-haven assets during times of crisis, most investors would think of parking their capital in gold. But gold is not exactly cheap these days; prices went up by 66% in 2025 and are now at historic highs even after sharply diving as much as 12% on Jan 30. All that capi ...
Fund top-ups position Singapore as leading centre for equity fundraising
Benjamin Cher - [SINGAPORE] The top-ups to the Financial Sector Development Fund and Anchor Fund are strategic moves to bolster Singapore’s position as a leading...
AI cloud firm Nebius posts surge in capex on GPU, data center expenses
Feb 12 : Nebius Group reported a sharp rise in quarterly capital spending on Thursday, driven by purchases of artificial intelligence processors and growing data center investments, as the AI cloud firm rushes to secure capacity to meet soaring demand.The Amsterdam-based company, which counts tech g ...
Zebra Technologies shares rise on upbeat 2026 forecast, $1 billion stock buyback plan
Feb 12 : Zebra Technologies forecast 2026 sales and profit above Wall Street estimates on Thursday, banking on robust demand for its barcode scanners and communication devices, sending shares of the company up more than 17 per cent. Zebra also announced a $1 billion share buyback program. The comp ...
SMEs unlikely to face sharp cost increases from EP, S Pass salary hikes, but offshoring interest may grow
Renald Yeo - A key way for SMEs to adapt to higher costs is to offshore parts of their operations, say industry observers
Be wary of China wolves bearing promises
Daryl Guppy - I overheard a China wolf the other day. He was in the restaurant of a five-star hotel, dressed casually and speaking craftily to an eager victim. He claimed he was an old China hand. Actually, he was too young to be an old China hand, although to his victim, he appeared to speak with authority. I kn ...
Mercedes flags more margin pressure ahead, tough road in China
The premium German automaker’s 2025 operating profit misses forecast, down 57%
iFast Corp's FY2025 earnings cross $100 million mark
The Edge Singapore - iFast Corp's earnings for its 4QFY2025 increased by 70.4% y-o-y to $32.86 million, which brings its full-year earnings to $100.1 million, an increase of 50.1%. Revenue for the year ended Dec 31, 2025 was up 34.4% to $514.72 million, with all-round contribution from its various products and mark ...
Airbus wins major order for A350 widebody jets from Air Canada
The purchase agreement, if all rights are exercised, would be valued at about US$3 billion
Sias calls on Advanced Systems Automation to clarify Asti offer over governance, valuation concerns
Chong Xin Wei - Sias founder David Gerald says implied discount to Advanced Systems Automation’s offer has ‘widened materially’ to in excess of 67%
LSEG to build blockchain-friendly digital settlement platform
Feb 12 : LSEG said on Thursday it plans to build an on-chain settlement service for institutional investors called the LSEG Digital Securities Depository, which will connect traditional and digital securities markets.This will enable trading and settlement of tokenised bonds, equities and private ma ...
Lead independent director of Japan Foods Holding investigated by CAD
Teo Zheng Long - Tan Cher Ting, lead independent director of Japan Foods Holding (Japan Foods) (SGX: 5OI ) was interviewed by Commercial Affairs Department (CAD) on Feb 11 in connection with an investigation into an offence under Section 219 of the Securities and Futures Act 2001. According to Japan Foods, Tan is cu ...
PARF rebate changes could boost EV adoption and COE renewals but dampen luxury car sales
Derryn Wong - Observers say that the reduction of de-registration rebates for cars will favour electric vehicles over petrol and petrol-electric hybrids
Beng Kuang Marine’s FY2025 net profit declined 40.9% y-o-y to $12.5 mil, proposes final dividend of 0.6 cents
Teo Zheng Long - Beng Kuang Marine (SGX: BEZ ) (Beng Kuang) has reported a lower net profit of $12.5 million for FY2025 ended Dec 31, 2025. Revenue dropped 12.3% y-o-y to $98.2 million, mainly due to timing delays in offshore asset integrity projects within the Infrastructure Engineering (IE) division. Beng Kuang ex ...
Creative reduces H1 loss to US$1.2 million as restructuring lowers expenses
Ranamita Chakraborty - It attributes the improvement to lower payroll and related expenses following a restructuring exercise in FY2025
CK Hutchison warns of legal action if Maersk takes over Panama’s Balboa, Cristobal terminals
The move comes after Panama’s Supreme Court annulled key port contracts held by PPC
HDB, private rental markets may take hit from higher foreigner work pass salary thresholds
Jessie Lim - Increased business costs may lead employers to trim hiring, market watchers say
Italian tax police search Amazon in new tax probe, sources say
MILAN, Feb 12 : Italian tax police carried out searches on Thursday at Amazon's headquarters in Milan in a new tax evasion investigation into the U.S. tech giant, two sources with direct knowledge of the matter told Reuters.The sources said the Guardia di Finanza tax police also searched the ho ...
Exclusive-Italian tax police search Amazon in new tax probe
MILAN, Feb 12 : Italian tax police carried out searches on Thursday at Amazon's headquarters in Milan in a new tax evasion investigation into the U.S. tech giant, two sources with direct knowledge of the matter told Reuters.The Guardia di Finanza tax police also searched the homes of seven Amaz ...
Iron Mountain forecasts annual revenue above estimates on strong data center demand
Feb 12 : Iron Mountain forecast fiscal 2026 revenue above Wall Street estimates on Thursday, as enterprises ramp up spending on land leases to set up data centers powering artificial intelligence workloads.A boom in generative artificial intelligence has spurred companies to invest heavily in buil ...
Anthropic to donate $20 million to US political group backing AI regulation
WASHINGTON, Feb 12 : Anthropic will spend $20 million to back U.S. political candidates who support regulating the AI industry, according to a company statement released on Thursday. The company is donating to Public First Action, a political group that opposes federal efforts to quash state AI r ...
Amsterdam-based AI firm Nebius to build 240MW data centre near Lille, France
AMSTERDAM, Feb 12 : Nebius, the Amsterdam-based AI cloud services firm, is planning a new 240-megawatt data centre in Béthune, France, near Lille, that will be one of Europe’s largest when it is finished, the company said on Thursday.The project, a redevelopment of a former Bridgestone tyre plant ...
Lum Chang H1 earnings surge to S$7.3 million despite lower revenue
Chong Xin Wei - Its board proposes an interim dividend of S$0.005 per share, and a special dividend of S$0.015 per share
Italian rail operator Italo picks Starlink for satellite internet on trains
MILAN, Feb 12 : Italian high‑speed rail operator Italo said on Thursday it would introduce SpaceX's Starlink system across its fleet, becoming the world's first major train company to rely on the low‑Earth‑orbit satellite connectivity service.Elon Musk's Starlink has been expand ...
BRC Asia reports S$27.3 million in Q1 net profit on sustained construction demand
Chong Xin Wei - Its sales order book stood at around S$2.2 billion as at end-December
Lum Chang Creations H1 net profit more than doubles to S$11 million on strong operational performance
Ranamita Chakraborty - Revenue for period climbs 31% to S$53.5 million
