Asia tech streak takes a timeout, gold keeps climbing
SYDNEY, Jan 29 : Asia's runaway stock markets took a breather on Thursday as mixed earnings out of the tech sector stirred caution ahead of Apple's results, while the dollar looked shaky despite verbal support from both U.S. and European officials.Gold and silver climbed to all-time highs ...
Federal Reserve’s Powell dodges questions on his future, but has advice for his successor
Powell’s term as chair ends in May
Thoma Bravo-backed Anaplan prepares confidential IPO filing, The Information reports
Jan 28 : U.S. software maker Anaplan could file confidentially for an initial public offering in coming weeks, The Information reported on Wednesday, nearly four years after private equity firm Thoma Bravo took the firm private in a $10.4 billion deal.Reuters could not immediately verify the story, ...
Australian bourse operator ASX jumps after appointments to its corporate governance advisory group
ASX has been under regulatory scrutiny for the past few years
DBS opens at $60, new record high for stock
Kwan Wei Kevin Tan - DBS Group Holdings (SGX: D05 ) opened at $60 this morning when markets started trading, a new record high. Shares of the Singaporean bank crossed the $50 mark in August. DBS is set to announce its 4QFY2025 and FY2025 results on Feb 9. In a Nov 28 report, JP Morgan analysts Harsh Wardhan Modi and Dan ...
Skylink Holdings plans to raise up to $7.02 million via share placement at 27 cents each
Teo Zheng Long - Skylink Holdings (SGX: XZB ) plans to raise up to $7.02 million via a proposed share placement at 27 cents each. The proceeds raised will be used mainly for the expansion of electric commercial vehicles fleets, electric vehicle initiatives and loan book including through related merger and acquisiti ...
Ringgit owes its surge to forces well beyond US dollar’s weakness
The currency has already climbed more than 3% in January
Goldman Sachs cuts rating on Indonesian equities after MSCI flags investability risk
MSCI warned the market risked a downgrade
LG Energy Solution's Q4 operating loss narrows on energy storage demand
SEOUL, Jan 29 : South Korea's LG Energy Solution (LGES) reported on Thursday a narrower operating loss for the fourth quarter, as solid demand for energy storage system batteries helped cushion the impact of slowing electric vehicle sales.LGES, which supplies Tesla, General Motors and Hyundai M ...
Sony, Singapore’s GIC to invest US$2 billion in music catalogues
The joint venture will give the Japanese entertainment company funds to build up its portfolio of songs
RTS won’t impact homes in the North; Marina South needs ‘branded’ school: panel
Jovi Ho - The Johor Bahru–Singapore Rapid Transit System (RTS) Link will be a “game-changer” when it begins operations, says Lee Sze Teck, senior director of data analytics at real estate agency Huttons Asia. The 4km-long rail project is slated to open by end-2026. “As long as we move people around, t ...
US moves away from critical mineral price floors: sources
Other countries, including Australia, have also considered price floors for critical minerals
Stocks to watch: Sembcorp, Mapletree Industrial Trust, Ho Bee Land
Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jan 29):
MAS maintains monetary policy in January
Felicia Tan - The Monetary Authority of Singapore (MAS) will maintain the current rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band. The central bank said, in its Jan 29 announcement, that it will not change the band’s width and the level at which it is centred. ...
Bumble, Match, Panera Bread and CrunchBase hit by cyberattacks, Bloomberg News reports
Jan 28 : Bumble, Match Group, and CrunchBase were hit by cyberattacks, Bloomberg News reported on Wednesday, citing spokespersons of the impacted companies.Panera Bread also confirmed that an incident occurred and has alerted authorities. "The data involved is contact information," it said ...
Gold nears US$5,600/oz as investors seek safety, silver eyes US$120
The white metal has jumped more than 60% so far this year
Gold climbs to record above US$5,500 on bets for dovish Fed chair
Bullion surged as much as 3.2% in early trading on Thursday
Singapore leaves monetary policy settings unchanged in January but raises inflation forecasts
Paige Lim - MAS ups full-year core and headline inflation forecasts to 1-2%, from 0.5-1.5%
Singapore leaves monetary policy settings unchanged in January, for third straight quarter
Paige Lim - Full-year core and headline inflation forecasts are raised to 1 to 2%, up from 0.5 to 1.5%
Has landed housing found a ‘price floor’? Huttons director says no
Jovi Ho - Has landed housing in Singapore found a price floor? Quite the opposite, says Lee Sze Teck, senior director of data analytics at real estate agency Huttons Asia. The supply of landed homes in Singapore is “very much limited”, says Lee on a panel at the BCA-REDAS Built Environment And Real Estate ...
Frasers Property Singapore unveils new retail brand and service identity to elevate customer experience
The Edge Singapore - Frasers Property Singapore has announced a unified retail brand and service identity, alongside digital and physical customer touchpoints. According to a Jan 29 announcement, these initiatives reinforce the company’s commitment to creating community-first, inclusive and vibrant retail environments ...
Google disrupts large residential proxy network, reducing devices used by operators by 'millions'
Jan 28 : Google said on Wednesday it has taken action to remove domains belonging to one of the largest residential proxy networks in the world, called IPIDEA, in an effort to protect millions of consumer devices from being exploited by cybercriminals and state-sponsored hackers.Residential proxy ne ...
ServiceNow strong results overshadowed by AI disruption fear
Like its peers, the company has worked to weave generative AI features through its tools and charge more for them
How high can they go? Analysts set new target prices for DBS, OCBC, UOB after record week
Shikhar Gupta - The three Singapore banks are driving the STI to new peaks as well
Nomura beats Goldman to top spot in a record year for Japan M&A
Foreign securities firms have secured numerous deals involving investments in the US, fuelled by the AI and semiconductor boom
Samsung sees strong AI demand after profit triples to record high
It reported revenue of 93.8 trillion won (S$82.1 billion) in the fourth quarter
Samsung’s profit triples to record high as AI boom exacerbates chip shortage
It reported revenue of 93.8 trillion won (S$82.1 billion) in the fourth quarter
Indonesia says no to US demand to buy American drones, but agrees to other terms in trade talks
Both countries are in the final stages of talks on a so-called reciprocal tariff deal
Singapore’s AI growth lies in infrastructure: OCBC
Young Zhan Heng - OCBC Investment Research analysts name 10 SGX-listed companies that will do well amid the boom in AI
Budget 2026: Calibrated manpower tweaks likely, not sweeping changes
Low Youjin - Calls from business groups must be balanced against longer-term manpower challenges and fiscal constraints, a labour academic says
Nvidia helped DeepSeek hone AI models later used by China’s military, lawmaker says
Nvidia’s H800 chip was designed for the China market and sold there before H800s were put under US export controls
Tesla revenue beats estimates despite weaker vehicle deliveries
The company’s vehicle business has been under strain as rivals roll out newer models, often at lower prices
Samsung profit triples to record high as AI boom exacerbates chip shortage
SEOUL, Jan 29 : Samsung Electronics said its operating profit more than tripled to a record high in the fourth quarter, as the race to build artificial intelligence exacerbated a chip shortage and sent prices surging. "The ongoing AI boom is expected to continue driving favorable market conditi ...
Samsung sees acute chip shortage persisting, warns of mobiles headwind after profit triples
SEOUL, Jan 29 : Samsung Electronics forecast a worsening chip shortage this year driven by the AI boom, with strong memory demand benefitting its mainstay chip business but creating headwinds for its other units like smartphones and displays. Samsung on Thursday said its operating profit more than t ...
