New York Governor Hochul pulls robotaxi expansion proposal
Feb 19 : New York Governor Kathy Hochul has pulled her proposal to allow commercial robotaxi services in smaller cities outside New York, a spokesperson for the governor said on Thursday. "Based on conversations with stakeholders, including in the legislature, it was clear that the support was ...
New York Governor Hochul pulls robotaxi pilot expansion proposal
Feb 19 : New York Governor Kathy Hochul has withdrawn her proposal to allow commercial robotaxi services in smaller cities outside New York, a spokesperson for the governor said on Thursday. "Based on conversations with stakeholders, including in the legislature, it was clear that the support ...
IHH’s NTK amends Tokyo court claim against Daiichi Sankyo after open offers completed
Felicia Tan - IHH, on Feb 19, announced that its indirect wholly-owned subsidiary, Northern TK Venture (NTK), has filed a petition to the Tokyo District Court on Feb 12 to amend its claim against Daiichi Sankyo. The amendment takes into the consideration the completion of IHH’s open offers for Fortis Healthcare ...
Some US investors pivot to infrastructure amid broader AI selloff
PROVIDENCE, Rhode Island, Feb 19 : As Wall Street's love affair with artificial intelligence heavyweights cools, some investors are pivoting to infrastructure companies they expect to benefit from AI capital spending, a shift that is spawning a slew of new products.After huge gains in recent ...
Trump-themed ETF manager scoops up MAGA fund
PROVIDENCE, Rhode Island, Feb 19 : Yorkville America Equities LLC, the investment adviser that manages five new Truth Social-branded ETFs focused on U.S. President Donald Trump's "America First" thesis, said on Thursday that it plans to acquire the Point Bridge America First ETF.The p ...
Chip startup Taalas raises $169 million to help build AI chips to take on Nvidia
SAN FRANCISCO, Feb 19 : Toronto-based chip startup Taalas said on Thursday it had raised $169 million and has developed a chip capable of running artificial intelligence applications faster and more cheaply than conventional approaches.Taalas has raised a total of $219 million from investors such as ...
GHY to report net profit for FY2025
Felicia Tan - GHY Culture & Media says it expects to report a net profit for the FY2025 ended Dec 31, 2025, mainly due to higher revenue contribution and better margins from the group’s TV programme and film production segment. The group adds that its continued focus on managing costs has yielded “encoura ...
NeraTel lands $2.4 mil contract, expects boost to FY performance
Felicia Tan - Nera Telecommunications (NeraTel) has secured a three-year contract worth $2.4 million from an “established institutional asset management group”. The contract is expected to contribute positively to the group’s performance for the current financial year (FY). Under the contract, NeraTel will ...
Visa strikes deal for Prisma, Newpay to boost Argentina presence
Feb 19 : Card giant Visa said on Thursday it would buy payment platforms Prisma and Newpay from private-equity firm Advent International, bolstering its presence in Argentina.The deal will help Visa fast-track the adoption of technologies such as tokenization, biometric authentication and intelligen ...
Visa to buy payment firms Prisma, Newpay to deepen Argentina footprint
Feb 19 : Card giant Visa said on Thursday it would buy payment platforms Prisma and Newpay from private-equity firm Advent International, bolstering its presence in Argentina.The deal links Visa's global payments network with a scaled local platform, giving the company a stronger footing to bol ...
West Virginia sues Apple over iCloud's alleged role in distribution of child sex abuse material
Feb 19 : West Virginia's attorney general filed a lawsuit on Thursday accusing Apple of allowing its iCloud service to become what the company's internal communications described as the "greatest platform for distributing child porn."Attorney General JB McCuskey, a Republican, ac ...
West Virginia sues Apple, saying iCloud distributed 'child porn'
Feb 19 : West Virginia's attorney general sued Apple on Thursday, accusing the iPhone maker of allowing its iCloud service to become what the company's own internal communications called the "greatest platform for distributing child porn."Attorney General JB McCuskey, a Republica ...
US state sues Apple over child sex abuse images in iCloud
"Preserving the privacy of child predators is absolutely inexcusable," said the attorney who filed the suit as the state of West Virginia sued Apple for allegedly allowing child sex abuse material to be stored via its iCloud service.
Wall St opens lower after recent gains as tech stocks slip
[NEW YORK] Wall Street’s main indexes opened lower on Thursday (Feb 19), following a three-day winning streak for the S&P 500, as...
SIA Engineering Co reports 3QFY2026 net profit of $41.9 mil; 9MFY2026 net profit of $125.2 mil
Felicia Tan - SIA Engineering Co (SIAEC) has reported a net profit of $41.9 million for the 3QFY2026 ended Dec 31, 2025, $3.7 million or 9.7% higher y-o-y, bringing its net profit for the 9MFY2026 to $125.2 million, 17% higher y-o-y. Basic earnings per share (EPS) for the quarter stood at 3.72 cents, bringing SIA ...
Germany's DB Cargo plans 6,000 job cuts in bid to return to profit
DB Cargo is the market leader, but its competitors are catching up with a combined market share of around 60%
One Raffles Place expected to be put on the market at S$2.3 billion to S$2.4 billion
Kalpana Rashiwala - All owners of the office and retail asset, above Raffles Place MRT station, are coming together for a potential sale
Digital euro to cost EU banks 4-6 billion euros over 4 years, ECB estimates
MILAN, Feb 19 : Introducing the digital euro could cost European banks between 4 billion and 6 billion euros ($4.7-$7.1 billion) spread over four years, a senior European Central Bank policymaker said on Thursday.ECB Governing Council member Piero Cipollone also said the new digital‑only central b ...
Wall St dips on mixed economic data, US-Iran tensions boost crude, gold
NEW YORK, Feb 19 : U.S. stocks softened on Thursday following mixed economic data and Walmart's disappointing coming-year forecast, while signs of a sturdy labor market helped the dollar extend its upward climb. All three major U.S. stock indexes followed their European counterparts modestly l ...
Global stocks slip with earnings and US-Iran tensions in focus
LONDON, Feb 19 : U.S. futures and European stocks fell on Thursday as investors zeroed in on company earnings while tensions between the United States and Iran kept markets on edge and supported oil prices and gold. Europe's STOXX 600 index dropped 0.6 per cent as shares in planemaker Airbus an ...
Wall St ends lower on mixed economic data, US-Iran tensions boost crude
NEW YORK, Feb 19 : U.S. stocks moved modestly lower on Thursday following mixed economic data and Walmart's disappointing forecast for the coming year, while signs of a sturdy labor market helped the dollar extend its upward climb. All three major U.S. stock indexes followed their European cou ...
Wall St dips on mixed economic data, US-Iran tensions boost crude
NEW YORK, Feb 19 : U.S. stocks moved modestly lower on Thursday following mixed economic data and Walmart's disappointing coming-year forecast, while signs of a sturdy labor market helped the dollar extend its upward climb. All three major U.S. stock indexes followed their European counterpart ...
Sweden's Klarna swings to loss as fast growth hikes costs, shares fall 23%
STOCKHOLM, Feb 19 : Swedish "buy now, pay later" services provider and online bank Klarna swung to a net loss in the fourth quarter and gave weaker-than-expected guidance for 2026 as fast growth also hiked costs, sending the U.S.-listed group's shares down 23 per cent in early trade o ...
Sweden's Klarna surpasses $1 billion in fourth-quarter revenue as US growth speeds up
STOCKHOLM, Feb 19 : Swedish "buy now, pay later" services provider and online bank Klarna reported a 38 per cent year-on-year jump in fourth-quarter sales on Thursday, just beating expectations, as it added more banking customers and grew in the United States. Quarterly revenue at t ...
Workspace typologies are shifting in Singapore: Knight Frank
Alice Tan and Chalene Liu - Fact: over 90% of total office stock in Singapore sits within the Central Region, which includes the Core Central Region (CCR), the CBD and areas such as Orchard Road, Queenstown and Toa Payoh. Within this footprint, workspaces broadly span three major typologies: high-rise office buildings owned by ...
Etsy shares jump after Depop sale; demand pressures weigh on results
Feb 19 : Etsy shares surged about 18 per cent in premarket trading on Thursday, after the online marketplace sold off its Gen Z-focused fashion resale platform Depop to EBay, with investors looking past dour quarterly results and forecasts.The nearly $1.2 billion deal, announced after markets closed ...
Etsy misses fourth-quarter revenue estimates
Feb 19 : Online marketplace Etsy missed Wall Street expectations for fourth-quarter revenue on Thursday, indicating cooling demand for personalized gifts and handcrafted goods amid ongoing economic uncertainty.Shares of the company, however, jumped 18 per cent in premarket trading, after it sold its ...
DoorDash shares jump as delivery demand fuels growth forecast
Feb 19 : Food delivery firm DoorDash's shares surged about 11 per cent premarket on Thursday following a strong forecast for first-quarter marketplace gross order value, betting on steady demand and aggressive expansion across businesses.Demand for online grocery and food delivery is rising as ...
EPAM forecasts first-quarter results in line with estimates
Feb 19 : EPAM Systems forecast first-quarter results in line with estimates on Thursday, as companies continue investing in AI-enhancement of their systems, boosting demand for the software provider's services.The company provides a wide range of IT services including consulting, cloud and AI t ...
EPAM shares tumble as cautious quarterly outlook disappoints
Feb 19 : EPAM Systems forecast first-quarter results in line with estimates on Thursday, but its cautious outlook disappointed investors, sending the company's shares down more than 16 per cent in premarket trading.Jefferies analysts said the "2026 revenue guidance of +3-6 per cent year-ov ...
UOBKH says financial sector biggest winner from Budget, gives overall top picks
Shikhar Gupta - The brokerage sets the year-end STI target at 5,400 points
SIA Engineering Q3 net profit rises 9.7% to S$41.9 million on steady MRO demand
Evan See - Revenue is up 8.7% at S$353.1 million, while expenditure rises 8.4% to S$347.1 million
Forest City reimagined
Samuel Tan - The dominant image of Forest City as a vast, under-occupied development remains its greatest challenge. Being tagged as a “Ghost City” creates a vicious cycle: a lack of vibrancy deters buyers and tenants, which in turn reinforces the image of emptiness. This negative narrative is often amplifie ...
Figma jumps as AI push boosts software design spending
Feb 19 : Shares of Figma rose around 14 per cent before the bell on Thursday as investors cheered the software design provider's strong revenue forecasts and commentary around its artificial intelligence ambitions.Figma has become a popular choice for design among diverse groups, including ente ...
