OpenAI, Kakao to jointly develop AI products for South Korea
SEOUL: ChatGPT creator OpenAI and South Korea's dominant chat app operator Kakao said on Tuesday (Feb 4) they plan to form a strategic partnership to develop AI products for the Korean market. Kakao also said it will use OpenAI technology for its products. The announcement was made by OpenAI CE ...
Gold holds near record high as tariff confusion aids haven bids
Bloomberg - Gold was steady near a record high as US President Donald Trump’s tariff threats and subsequent delays boosted uncertainty and supported haven demand. Bullion reached an all-time peak above US$2,830 ($3,236.55) an ounce on Monday before paring gains to close up 0.6% after Trump said he would pause ...
Nippon, US Steel say Biden blocked merger amid ‘sham’ review
NIPPON Steel and United States Steel claimed former President Joe Biden unfairly prejudged their US$14.1 billion merger and gave the companies no...
Despite 'stunted' tourism recovery, CGSI keeps 'add' call on Genting Singapore
The Edge Singapore - Genting Singapore, which operates Resorts World Sentosa, is likely to report subdued Q4FY2024 numbers, says CGS International's Tay Wee Kuang. In contrast, Marina Bay Sands, held by parent company Las Vegas Sands, enjoyed record high mass gross gaming revenue. "We think MBS benefited from ...
BNP expands Australia presence by hiring banker for leverage finance market
The Australian leveraged finance market is having a strong start to the year
Gold holds steady near all-time high amid US tariff concerns
GOLD prices on Tuesday (Feb 4) hovered near a record high scaled in the prior session, as investors fretted that US President...
DBS follows RHB in trimming CDLHT’s target price, citing S’pore hotel glut
Jovi Ho - RHB Bank Singapore analyst Vijay Natarajan trimmed his target price on CDL Hospitality Trusts (CDLHT) yet again last week after the release of the REIT’s results for FY2024 ended Dec 31, 2024. Now, DBS Group Research is doing the same, staying “buy” on the REIT but with a lower target price of ...
Dutch lender ING looking for acquisitions to grow in Germany, Italy and Spain, says CEO
European banks are weighing a fresh round of consolidation, bolstered by run of record profits and soaring stock markets
Singapore bucks regional showing as Trump defers tariffs on neighbours; STI slips 0.1%
Tay Peck Gek - Across the broader market, gainers beat decliners 311 to 221, after 1.3 billion securities worth S$1.2 billion changed hands.
Singapore bucks regional showing as Trump defers tariffs on neighbours; STI slips 0.09%
Tay Peck Gek - Across the broader market, gainers beat decliners 311 to 221, after 1.3 billion securities worth S$1.2 billion changed hands.
Salesforce cutting 1,000 roles while hiring salespeople for AI
SALESFORCE is cutting jobs as its latest fiscal year gets underway, according to a person familiar with the matter, even as the...
Trump plans to speak with Xi as deadline for China tariffs looms
Bloomberg - US President Donald Trump said his administration plans to speak with China, raising the possibility of a potential reprieve on a 10% tariff set to take effect in hours after he delayed levies on Canada and Mexico. Speaking to reporters in Washington on Monday, Trump said talks with China would take ...
Trump's tariff reversal feeds reputation as paper tiger on trade
Bloomberg - President Donald Trump pledged hundreds of billions in tariffs to remake the global economy and target even his closest neighbours. But so far, it’s been more Art of the Deal than a revolution. Trump on Monday shelved plans for wide-ranging tariffs on Canada and Mexico, after doing the same for Co ...
Singapore finds its seat at the China+1 table
Salamat Sanwan - FOR multinationals looking to reduce their reliance on China, the top alternative locations in Asia so far have been Vietnam and Indonesia....
Excluding Ixom’s capital optimisation, KIT’s DPU rose 1% y-o-y in FY2024, but total DPU shows sharp decline
The Edge Singapore - For its FY2024, Keppel Infrastructure Trust announced a sharp decline in total distributions per unit (DPU) of 36.9% y-o-y to 3.9 cents. Excluding the special DPU of 2.33 cents distributed in FY2023 from the crystallisation of Ixom’s capital optimisation, DPU inched up by 1% y-o-y. Distributable i ...
US Federal Reserve officials see inflation risks from tariff surge
THE Trump administration’s plan for trade tariffs come with inflation risks, two Federal Reserve officials warned on Monday, stopping short of saying...
NXP gives disappointing sales forecast as chip slump persists
NXP and its peers have been struggling with a stubborn glut of chips that help power electric cars and manufacturing operations
Apple raises concern over first porn app on iPhone under EU rules
Apple on Monday criticized a pornography app newly available on iPhones in the European Union, saying the bloc's digital policy was undermining consumer confidence in Apple.Since it first opened the App Store on iPhones in 2008, Apple has controlled what apps could be downloaded to the devices, ...
Keppel Pacific Oak US Reit posts 8.8% fall in distributable income to US$23.8 million for H2
Therese Soh - This brings its income available for distribution for the full-year down 8.8% to US$47.6 million from US$52.2 million
Stocks to watch: CapitaLand Investment, Suntec Reit, Keppel Infrastructure Trust, Lendlease Global Reit
Romaine Chan - THE following companies saw new developments that may affect trading of their securities on Tuesday (Feb 4).
Keppel Infrastructure Trust posts 54.2% lower H2 DPU of S$0.0195
Crystal Heng - Excluding special distributions in the prior year, DPU for the current period rose 1%
Salesforce to cut 1,000 roles, Bloomberg News reports
Salesforce is cutting more than 1,000 jobs as it simultaneously hires workers to sell new artificial intelligence products, Bloomberg News reported on Monday.
KORE’s FY2024 distributable income drops by 8.8% y-o-y to US$47.6 mil on higher finance costs and lower cash NPI
Felicia Tan - Keppel Pacific Oak US REIT (KORE) has reported a distributable income of US$47.6 million ($64.7 million) for the FY2024 ended Dec 31, 2024, 8.8% lower y-o-y. Distributable income for the 2HFY2024 also fell by 8.8% y-o-y to US$23.8 million. The lower distributable incomes for both periods were due to ...
MUFG looks beyond record profits to win global investors
BOJ rate hikes are spurring lending income that was squeezed by rock-bottom borrowing costs for more than a decade
Japan’s biggest lender MUFG posts 32% jump in Q3 profit
Profit in the October-December period came in at 490.74 billion yen (S$4.29 billion) versus 370.64 billion yen a year earlier
CLI to develop first data centre in Japan for total investment of $944.3 mil
Felicia Tan - CapitaLand Investment (CLI) has acquired a freehold land parcel in Osaka to develop its first data centre in Japan. The development will entail a total investment of over US$700 million or $944.3 million. Some 50 megawatts (MW) of power capacity have been secured for the project. According to CLI, t ...
Shein to face EU consumer law probe under e-commerce crackdown
THE Chinese-founded massive online marketplace Shein faces potential fines with the European Union imminently set to open a probe into its compliance...
Trump signs executive action to create sovereign wealth fund
Bloomberg - President Donald Trump signed an executive action he said would direct officials to create a sovereign wealth fund for the US, following through on an idea he floated during the presidential campaign. “We have tremendous potential,” Trump told reporters in the Oval Office on Monday as he announc ...
UN begins talks toward ‘fair’ tax accord
UNITED Nations member states launched formal negotiations on Monday on an international tax accord, aiming to create a “fair” system that addresses...
Trump's border deals with Canada, Mexico avert trade war for now
Bloomberg - President Donald Trump agreed to delay 25% tariffs on Canada and Mexico for a month after both US neighbours agreed to take tougher measures to combat migration and drug trafficking at the border, warding off a continental trade war for now. Trump and Canadian Prime Minister Justin Trudeau announc ...
Chipmaker NXP forecasts downbeat first-quarter revenue on soft demand
NXP Semiconductors forecast its first-quarter revenue below analysts' estimates on Monday, in a sign of sluggish demand for its chips from industrial and automotive customers.The Eindhoven, Netherlands-based company provides chips and other technology essential for high-speed digital processing ...
Trump pauses Canada, Mexico tariffs after last-ditch talks
US PRESIDENT Donald Trump delayed the start of tariffs on Mexico and Canada for a month Monday after the US neighbours struck...
Trump halts Canada, Mexico tariffs after last-ditch talks
US PRESIDENT Donald Trump delayed the start of tariffs on Mexico and Canada for a month Monday after the US neighbours struck...
Apple blasts EU app laws after first porn app comes to iPhones
From the beginning of the App Store in 2008, Apple executives have banned porn from its platform
