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 ...
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...
AI cloud firm Nebius posts surge in capex on GPU, data center expenses
Feb 12 : Nebius Group reported a sharp rise in quarterly capital spending on Thursday, driven by purchases of artificial intelligence processors and growing data center investments, as the AI cloud firm rushes to secure capacity to meet soaring demand.The Amsterdam-based company, which counts tech g ...
Zebra Technologies shares rise on upbeat 2026 forecast, $1 billion stock buyback plan
Feb 12 : Zebra Technologies forecast 2026 sales and profit above Wall Street estimates on Thursday, banking on robust demand for its barcode scanners and communication devices, sending shares of the company up more than 17 per cent. Zebra also announced a $1 billion share buyback program. The comp ...
SMEs unlikely to face sharp cost increases from EP, S Pass salary hikes, but offshoring interest may grow
Renald Yeo - A key way for SMEs to adapt to higher costs is to offshore parts of their operations, say industry observers
Be wary of China wolves bearing promises
Daryl Guppy - I overheard a China wolf the other day. He was in the restaurant of a five-star hotel, dressed casually and speaking craftily to an eager victim. He claimed he was an old China hand. Actually, he was too young to be an old China hand, although to his victim, he appeared to speak with authority. I kn ...
Mercedes flags more margin pressure ahead, tough road in China
The premium German automaker’s 2025 operating profit misses forecast, down 57%
iFast Corp's FY2025 earnings cross $100 million mark
The Edge Singapore - iFast Corp's earnings for its 4QFY2025 increased by 70.4% y-o-y to $32.86 million, which brings its full-year earnings to $100.1 million, an increase of 50.1%. Revenue for the year ended Dec 31, 2025 was up 34.4% to $514.72 million, with all-round contribution from its various products and mark ...
Airbus wins major order for A350 widebody jets from Air Canada
The purchase agreement, if all rights are exercised, would be valued at about US$3 billion
Sias calls on Advanced Systems Automation to clarify Asti offer over governance, valuation concerns
Chong Xin Wei - Sias founder David Gerald says implied discount to Advanced Systems Automation’s offer has ‘widened materially’ to in excess of 67%
LSEG to build blockchain-friendly digital settlement platform
Feb 12 : LSEG said on Thursday it plans to build an on-chain settlement service for institutional investors called the LSEG Digital Securities Depository, which will connect traditional and digital securities markets.This will enable trading and settlement of tokenised bonds, equities and private ma ...
Lead independent director of Japan Foods Holding investigated by CAD
Teo Zheng Long - Tan Cher Ting, lead independent director of Japan Foods Holding (Japan Foods) (SGX: 5OI ) was interviewed by Commercial Affairs Department (CAD) on Feb 11 in connection with an investigation into an offence under Section 219 of the Securities and Futures Act 2001. According to Japan Foods, Tan is cu ...
PARF rebate changes could boost EV adoption and COE renewals but dampen luxury car sales
Derryn Wong - Observers say that the reduction of de-registration rebates for cars will favour electric vehicles over petrol and petrol-electric hybrids
