RHB downgrades IREIT Global to 'neutral' on unexpectedly lower DPU from higher costs
The Edge Singapore - Vijay Natarajan of RHB Bank Singapore has downgraded his call for IREIT Global to "neutral" from "buy" after the Europe-based REIT's 2HFY2025 DPU missed his expectations. From his previous target price of 35 cents, Natarajan now figures this counter is only worth 27 cents. T ...
Yangzijiang promises quality earnings, dividend growth and inexpensive valuation
The Edge Singapore - Yangzijiang Shipbuilding delivered FY2025 results ended Dec 31, 2025 which pleased investors. On March 3, when the broader markets were down amid jitters that the US and Israel’s attack on Iran the prior weekend would engulf larger parts of the Middle East, the share price of Yangzijiang Shipbuild ...
Dollar set for steepest weekly gain in a year as Iran crisis boosts haven bid
TOKYO, March 6 : The U.S. dollar held broadly steady in early Asian trade on Friday and was poised for its steepest weekly gain in more than a year as the escalating conflict in the Middle East drove demand for safe-haven assets.The euro and yen remained on the back foot as the crisis drove oil pric ...
Federal Reserve’s Goolsbee touts importance of central bank independence
[NEW YORK] Federal Reserve Bank of Chicago President Austan Goolsbee said on Thursday that central bank independence is very important for controlling...
Brokers' Digest: Info-Tech Systems, CNMC Goldmine Holdings, Delfi, Singapore Post, Sheng Siong Group
The Edge Singapore - Info-Tech Systems Price targets: OCBC Group Research ‘buy’ $1.30 CGS International ‘add’ $1.35 AI-driven demand ahead Ada Lim of OCBC Group Research has raised her fair value for Info-Tech Systems (SGX: ITS ) after the business software provider reported better-than-expected full-year result ...
US defense department told Anthropic it is a supply chain risk, CEO says
March 5 : The U.S. defense department has informed Anthropic that the Artificial Intelligence lab is a supply chain risk, Anthropic CEO Dario Amodei said on Thursday."Yesterday (March 4) Anthropic received a letter from the Department of War confirming that we have been designated as a supply c ...
Stocks to watch: Hongkong Land, SIA Engineering, CapitaLand Ascott Trust, CSE Global
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Mar 6):
Trump’s tariff refunds may total up to US$182 billion, estimates find
After the Supreme Court ruling, the Trump administration imposed a temporary 10 per cent global tariff
UK should back licensing-first approach for AI training, says upper house committee
LONDON, March 6 : Britain should reject any move to let artificial intelligence companies freely mine copyrighted material for commercial model training and instead adopt a licensing-first regime, a committee in the upper house of parliament said on Friday. Governments worldwide are wrestling with h ...
Berkshire Hathaway resumes share repurchases, CEO Abel buys stock for himself
Abel said adding to his own Berkshire holdings helps align himself with shareholders over the long term
Singapore taxi operators absorb costs at their pumps as petrol prices rise again amid Middle East war
Prices of petrol are expected to rise as the war with Iran intensifies
Singapore’s 10-year office lease is dead
Justin Chen - The traditional 10-year office lease, once the undisputed bedrock of corporate strategy in Singapore, has reached its terminal point. What was once a symbol of permanence and stability has now transformed into a liability. While MNCs have flirted with shorter terms for years, 2026 is the year of the ...
‘Really different’: SGX RegCo’s Tan Boon Gin looks to exorcise S-chip ghosts
Jude Chan - The regulator’s chief is confident that the ‘second’ coming of Chinese listings will not lead to a repeat of corporate governance scandals
After the raids, Asia’s billion-dollar scam trade flickers back
As bigger scam centres in Cambodia disappear, smaller ones in rural areas take their place
Oracle plans thousands of job cuts in face of AI cash crunch
The high up-front costs of AI have fuelled cuts across the tech industry
Trump says further action to reduce pressure on oil is imminent
[WASHINGTON] President Donald Trump on Thursday said further action to reduce pressure on oil was imminent, adding that Iran was reaching out...
US mulls new rules for AI chip exports, including requiring investments by foreign firms in the US
Even small chip installations of fewer than 1,000 chips could require a license
Oil settles up around 5% on supply concerns as Iran conflict widens
[HOUSTON] Oil prices settled up around 5 per cent on Thursday, extending a rally as the escalating US-Israeli war with Iran disrupted supplies and...
Commentary: How the war in Iran could impact global economy, including Singapore
The economic fallout from the war in Iran will go beyond oil markets, says Coface chief APAC economist Bernard Aw.
Crypto entrepreneur Justin Sun settles SEC fraud case for $10 million
NEW YORK, March 5 : The Chinese cryptocurrency entrepreneur Justin Sun reached a $10 million settlement to resolve a U.S. Securities and Exchange Commission civil fraud case over his trading activity.Thursday's settlement requires court approval, with the payment made by one of Sun's compa ...
Justin Sun settles SEC fraud case for $10 million
NEW YORK, March 5 : The U.S. Securities and Exchange Commission has agreed to settle its civil fraud case against Chinese cryptocurrency entrepreneur Justin Sun, with one of Sun's companies paying a $10 million penalty, a court filing showed on Thursday. The SEC sued Sun and his companies Tron ...
European stocks reverse early gains as Middle East conflict drags on
EUROPEAN shares fell on Thursday after a sharp rebound in the previous session, as the Middle East conflict showed no signs of...
US stocks: Wall Street close down as Middle East fears push US oil up 8%
US STOCKS closed down on Thursday as the Middle East conflict entered its sixth day, pushing oil prices higher and spurring worries about...
xAI loses bid to halt California AI data disclosure law
March 5 : Elon Musk's artificial intelligence company xAI failed to convince a California federal court on Thursday to temporarily block the state's law requiring companies to disclose information about the data they use to train AI models.U.S. District Judge Jesus Bernal in Los Angeles sa ...
US mulls new rules for AI chip exports, including requiring investments by foreign firms in US
SAN FRANCISCO, March 5 : U.S. officials are debating a new regulatory framework for exporting artificial intelligence chips and are considering requiring foreign nations to invest in U.S. AI data centers or security guarantees as a condition for granting exports of large numbers of chips, according ...
Marvell projects strong fiscal 2028 revenue on AI-driven data center boom, shares jump
March 5 : Marvell Technology forecast fiscal 2028 revenue above Wall Street estimates on Thursday, signaling robust demand for custom chips and interconnect solutions used in artificial intelligence data centers, sending its shares surging 15 per cent in extended trading.Growing adoption of AI tools ...
Marvell sees first quarter revenue above estimates on AI-driven data center boom
March 5 : Marvell Technology forecast first-quarter revenue above Wall Street estimates on Thursday, driven by rising demand for custom chips used in data centers, sending its shares surging 9 per cent in extended trading.Growing adoption of AI tools by enterprise clients has boosted demand for spec ...
Marvell forecasts first quarter revenue above estimates
March 5 : Chip designer Marvell Technology forecast first-quarter revenue above Wall Street estimates on Thursday, signaling rising demand for custom semiconductors used in data centers to support artificial intelligence applications.Shares of the company rose around 6 per cent in extended trading.T ...
US regulators say banks won't face extra capital charges on tokenized securities
WASHINGTON, March 5 : U.S. banking regulators clarified on Thursday that banks should not have to hold additional capital against losses when dealing with blockchain-based securities, saying their rules are "technology neutral."The Federal Reserve, Federal Deposit Insurance Corporation and ...
Networking without networking: Why effective directors rely less on cocktails and more on credibility
The networks of effective directors are grounded in credibility rather than convenience
Amazon says it fixed issue that led to website outage for thousands
March 5 : Amazon said on Thursday it has resolved an issue related to its software code that had caused an hours-long outage on its website for thousands of shoppers.The disruption, which began around 2:00 p.m. ET, gradually eased to less than 650 incidents of people reporting issues with the websit ...
Amazon largely back up after outage hits thousands of US users, Downdetector shows
March 5 : Amazon's e-commerce website was largely back up after it suffered an outage that affected tens of thousands of users in the U.S., Downdetector showed on Thursday.The outage, which began around 2:00 p.m. ET, eased to less than 1,700 incidents of people reporting issues with the website ...
Amazon down for thousands of users in US, Downdetector shows
March 5 : E-commerce website Amazon was down for thousands of users in the U.S. on Thursday, according to Downdetector.com.There were more than 21,700 reports of issues with the website as of 3:48 p.m. ET, according to Downdetector, which tracks outages by collating status reports from a number of s ...
Pentagon informed Anthropic it is a supply chain risk, official says
March 5 : The Department of Defense informed AI lab Anthropic on Thursday that it is a supply chain risk effective immediately, according to a Pentagon official.
