Expedia sees higher first-quarter margin, muted 2026
Feb 12 : Online travel platform Expedia forecast a higher first-quarter adjusted core profit margin on Thursday, helped by one-time gains and betting on strong demand from business clients, but sounded cautious on its full-year outlook.Expedia shares fell more than 5 per cent in extended trade, afte ...
Oil prices fall on supply forecast, easing risk
[HOUSTON] Oil prices dropped on Thursday due to falling demand, retreating fears of renewed Middle East conflict and expected increases in supply.
IBM plans to triple entry-level hiring in the US
The company’s decision comes as questions mount about whether AI will wipe out opportunities for new graduates
McDonald’s India outlet gets regulatory warning over rotten tomatoes, reused oil
The outlet was issued a warning and given 14 days to fix its problems
Commentary: When it comes to AI, Budget 2026 marks a shift from aspiration to execution
By naming sectors and framing missions, Budget 2026 shows how Singapore intends to turn AI into meaningful productivity gains, says NUS Business School’s Sumit Agarwal.
Commentary: Chinese electric vehicles made in the US - is that possible?
The fortress built by Washington to keep Chinese electric vehicles out is no longer looking so impregnable, says an analyst.
European shares retreat from record highs as financials, industrials tumble
EUROPEANÂ shares fell on Thursday, erasing earlier gains that pushed markets to record highs, as financial and industrial stocks tumbled and investors digested...
US stocks: Wall Street sinks as tech rout deepens on AI angst
WALL Street indexes fell sharply, with the Nasdaq slumping 2 per cent, as investors intensified their selloff of technology shares and fled...
Cryptocurrency exchange Coinbase swings to quarterly loss on trading slowdown
Feb 12 : Cryptocurrency exchange Coinbase Global reported a fourth-quarter loss on Thursday, hit by weaker trading volumes during a period of broad digital-asset selloff.Digital assets slumped in the final three months of 2025, retreating from early October record highs after U.S. President Donald T ...
Coinbase posts surprise loss on crypto trading slowdown
Feb 12 : Coinbase posted a surprise quarterly loss on Thursday, marking its first since the third quarter of 2023, as the cryptocurrency exchange was hit by weaker trading volumes during a period of broad digital-asset selloff.Digital assets slumped in the final three months of 2025, retreating from ...
Airbnb forecasts revenue above estimates on premium rentals demand
(Corrects syntax in headline)Feb 12 : Airbnb forecast first-quarter revenue above Wall Street estimates on Thursday, as the vacation rental company banks on premium bookings to counter easing demand from cost-conscious customers.Shares of the travel company rose about 5 per cent in volatile after-ma ...
Airbnb forecast revenue above estimates on premium rentals demand
Feb 12 : Airbnb forecast first-quarter revenue above Wall Street estimates on Thursday, as the vacation rental company banks on premium bookings to counter easing demand from cost-conscious customers.Shares of the travel company rose about 5 per cent in volatile after-market trading. The company pro ...
Applied Materials forecasts upbeat results on AI demand, memory shortage
Feb 12 : Applied Materials forecast second-quarter revenue and profit above market estimates on Thursday, betting on a boom in demand for AI processors and a worldwide memory shortage to help drive sales of its chipmaking equipment.The company's shares rose over 9 per cent in extended trading. ...
Oil prices down $2 a barrel on supply forecast
HOUSTON, Feb 12 : Oil prices dropped $2 a barrel on Thursday due to falling demand, retreating fears of renewed Middle East conflict and expected increases in supply.Brent crude oil futures were down $2, or 2.88 per cent, at $67.40 a barrel by 12:54 p.m. CDT (1854 GMT). U.S. West Texas Intermediate ...
Anthropic clinches $380 billion valuation after $30 billion funding round
Feb 12 : Anthropic has raised $30 billion in its latest funding round, more than doubling the Claude chatbot maker's valuation to $380 billion and underscoring massive investor interest in the startup and the broader AI industry.The company has differentiated itself by focusing its model traini ...
Anthropic valued at $380 billion in latest funding round
Feb 12 : AI startup Anthropic said on Thursday it has raised $30 billion in its latest funding round, which was co-led by investors including D. E. Shaw Ventures, ICONIQ and MGX, valuing the Claude chatbot maker at $380 billion. Insatiable demand for AI and growing enterprise adoption have driven te ...
Astronomers observe a star that quietly transformed into a black hole
WASHINGTON, Feb 12 : The formation of a black hole can be quite a violent event, with a massive dying star blowing up and some of its remnants collapsing to form an exceptionally dense object with gravity so strong not even light can escape. But, as new observations indicate, the process sometimes c ...
Google targeted by EU over online ad price practices unfair to advertisers
BRUSSELS, Feb 12 : Alphabet unit Google risks another EU antitrust headache as regulators said they are concerned that the U.S. tech giant may be unfairly driving online advertising prices higher, a letter to advertisers seen by Reuters showed.Google, which has been fined billions of euros in Europe ...
Google targeted by EU over its search advertising auction practices
BRUSSELS, Feb 12 : EU antitrust regulators are investigating Alphabet unit Google over the sale of search advertisements in Europe, a letter to advertisers seen by Reuters showed.The European Commission said it has indications of potential concerns regarding the auctions for the sale of advertising ...
Google hit by fresh EU antitrust probe over search ads pricing, Bloomberg News reports
Feb 12 : Google is being investigated by the European Union over concerns it is illegally rigging the cost of advertising on its search engine, Bloomberg News reported on Thursday.
Dutch telecom Odido hacked, 6 million accounts affected
AMSTERDAM, Feb 12 : Odido, the former business of T-Mobile in the Netherlands, said on Thursday that personal information from more than six million accounts had been exposed in a hack, one of the largest such incidents in the country."Odido was recently hit by a cyberattack carried out by cybe ...
Ubisoft confirms targets after strong Assassin's Creed bookingsÂ
Feb 12 - French video game publisher Ubisoft confirmed its full-year financial targets on Thursday after third-quarter bookings exceeded company forecasts, driven by its flagship "Assassin's Creed" franchise.Net bookings for the quarter reached 338 million euros ($402 million), up 12 ...
Analysis:For stock market, AI turns from lifting all boats to sinking shipsÂ
NEW YORK, Feb 12 : Investors are discovering that the artificial intelligence landscape is not just fertile ground for stocks - it is also a minefield.Enthusiasm about AI's profitability has fueled the U.S. bull market, with stock gains for technology companies and others tied to the build-out ...
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 ...
Dollar range-bound after mixed economic data; yen set for strong weekly finish
NEW YORK, Feb 12 : The U.S. dollar was mostly flat against peer currencies on Thursday, holding steady after mixed signals from the latest release of U.S. economic indicators, while the Japanese yen was headed for one of its strongest weekly finishes in a year.U.S. Labor Department data on Thursday ...
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...
