24 hours ago
US-China trade detente fuels mothballing of key China tech curbs
Trump-Xi trade truce led to shelving of China tech restrictions
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
24 hours ago
Private markets data platform Carta opens new Singapore office
Kwan Wei Kevin Tan - Global equity and fund management platform Carta held an opening event for their new office at 16 Raffles Quay, Hong Leong Building on Feb 11. Founded in 2012, the company was originally known as eShares before it changed its name to Carta in November 2017. Bhavik Vashi, Carta’s managing director ...
24 hours ago
Private capital software provider Carta opens new Singapore office
Kwan Wei Kevin Tan - Global equity and fund administration platform Carta held an opening event for their new office at 16 Raffles Quay, Hong Leong Building on Feb 11. Founded in 2012, the company was originally known as eShares before it changed its name to Carta in November 2017. Bhavik Vashi, Carta’s managing direc ...
1 day ago
Lincotrade & Associates’ 1HFY2026 net profit soared 438% y-o-y to $3.9 mil, order book at record high of $117.2 mil
Teo Zheng Long - Lincotrade & Associates Holdings (SGX: BFT ) (Lincotrade) has reported a sharp increase in its net profit after tax to $3.9 million in 1HYF2026, ended Dec 31, 2025, on back of higher revenue and gross profit. Revenue surged 58.2% y-o-y to $53.3 million, driven by strong performance in both the c ...
1 day ago
Blackstone leads the race to unlock US$7 trillion of cash in Japan
The firm and rivals are trying to coax them to put more of it in private equity and credit
1 day ago
Pinterest forecasts downbeat revenue as it battles for digital ad dollars; shares plunge
The company cut about 15 per cent of its workforce last month
1 day ago
Citigroup CEO Jane Fraser’s pay rises to US$42 million after banner year
Fraser received US$34.5 million in total compensation in 2024
1 day ago
Apple fends off 4G wireless patent lawsuit at third trial
Feb 12 : Apple won a defense verdict on Thursday in a lawsuit by intellectual-property management company Optis Wireless, which had accused the tech giant of violating its patent rights in 4G wireless technology.Optis had won verdicts of $506 million and $300 million against Apple in earlier trials ...
1 day ago
OpenAI accuses DeepSeek of distilling US models to gain advantage, Bloomberg News reports
(Removes Microsoft Refinitiv Instrument Code from paragraph 1)Feb 12 : OpenAI has warned U.S. lawmakers that Chinese artificial intelligence startup DeepSeek is using sophisticated methods to extract results from leading U.S. AI models to train the next generation of its R1 chatbot, Bloomberg News r ...
1 day ago
Expedia forecasts upbeat 2026 bookings on demand from business clients
Feb 12 : Online travel platform Expedia forecast 2026 gross bookings and revenue above Wall Street expectations on Thursday, betting on strong demand from business clients.The Vrbo-parent expects gross bookings to be in the range of $127 billion to $129 billion for the year, higher than analysts ...
1 day ago
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 ...
1 day ago
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.
1 day ago
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
1 day ago
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
1 day ago
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.
1 day ago
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.
1 day ago
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...
1 day ago
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...
1 day ago
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 ...
1 day ago
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 ...
1 day ago
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 ...
1 day ago
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 ...
1 day ago
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. ...
1 day ago
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 ...
1 day ago
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 ...
1 day ago
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 ...
1 day ago
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 ...
1 day ago
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 ...
1 day ago
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 ...
1 day ago
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.
1 day ago
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 ...
1 day ago
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 ...
1 day ago
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 ...
1 day ago
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 ...