21 hours ago
ST Engineering H2 net earnings down 83.6% at S$59.9 million on one-off items; operating gain up 22.5%
Chloe Lim - The group proposes final dividend of S$0.06 per share and a special dividend of S$0.05
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
21 hours ago
Venture Global signs 20-year LNG supply deal with Korea's Hanwha Aerospace
Feb 26 : U.S.-based LNG company Venture Global said on Thursday it had signed a 20-year sales and purchase agreement with Korea's Hanwha Aerospace for 1.5 million metric tons per annum (mtpa) of liquefied natural gas starting in 2030.The agreement brings Venture Global's total long-term co ...
21 hours ago
Syngenta plans to kick off process in second quarter for up to US$10 billion Hong Kong IPO: sources
The company competes with US-based Corteva and Germany’s BASF and Bayer in the US$120 billion market for crop protection and seeds
22 hours ago
UK activists plan protests over climate, social impacts of AI data centres
LONDON, Feb 27 : Activists are set to take to British streets on Friday for two days of protests against the expansion of data centres to serve booming demand for artificial intelligence, and the impact of the facilities on communities and the environment.The protests, coordinated by environmental c ...
22 hours ago
QuantEdge Capital: Singapore-born, systematic and built to last
The Edge Singapore - QuantEdge Capital launched in October 2006 with just shy of US$3 million under management. “To say that we started small would be an understatement,” says Suhaimi Zainul-Abidin, CEO of QuantEdge. “Today, in our 20th year in operation, we are managing roughly US$6 billion, making us one of the ...
22 hours ago
River Modern: A rare District 9 riverfront site with superior connectivity to Great World MRT Station
The Edge Singapore - All the attributes of tranquility and quiet, with all the convenience of easy connectivity — River Modern is the newest luxury residence in the prime District 9 and possibly the last of its kind in the area. As its name suggests, the upcoming riverfront development is adjacent to the Singapore Riv ...
22 hours ago
Seatrium successfully delivers WTIV to Maersk
Lin Daoyi - Mainboard-listed Seatrium has successfully delivered a wind turbine installation vessel (WTIV) to Maersk Offshore Wind on Feb 26, following successful and timely completion of sea trial activities and final readiness evaluations at Seatrium’s flagship Tuas Boulevard Yard. The WTIV is the first-of- ...
22 hours ago
CDL H2 net profit up over four times at S$538.5 million on improved showings across all segments
Therese Soh - This translates to an EPS of S$0.598, against an EPS of S$0.121 in the year-ago period
22 hours ago
CDL H2 net profit up over four times to S$538.5 million on better showing by all segments
Therese Soh - This translates to an EPS of S$0.598, against an EPS of S$0.121 in the year-ago period
22 hours ago
Core inflation in Japan's capital slows below BOJ's 2% target in test for policy
TOKYO, Feb 27 : Annual core inflation in Tokyo slowed in February, running below the Bank of Japan's 2 per cent target for the first time in 16 months, data showed on Friday, potentially heightening friction between the central bank and the government on the future path of rate hikes. The data ...
22 hours ago
Core inflation in Japan's capital slows, falling below central bank's 2% target
TOKYO, Feb 27 : Annual core inflation in Japan's capital slowed in February as food price hikes run their course, data showed on Friday, offering consumers some relief but complicating the central bank's communication in justifying further rate hikes.The data is in line with the Bank of Ja ...
22 hours ago
Frasers Property defends turf with S$391.9 million acquisition of The Centrepoint rear block
Chong Xin Wei - [SINGAPORE] In a move that comes as little surprise to the market, Frasers Property has snapped up the rear block of The...
22 hours ago
Frasers Property poised for rejuvenation of Centrepoint after buying 'rear plot' for $391.9 mil
The Edge Singapore - Frasers Property is paying $391.9 million, or $2,577 psf ppr for the rear plot of The Centrepoint, which will complete its full ownership of the Orchard Road property. The developer can thus maximise the potential of this site, with an eye on "national plans" to rejuvenate the Orchard Road ...
22 hours ago
PropNex H2 profit up 28.3% at S$28.1 million; FY2025 earnings up 72% on record high revenue
Therese Soh - Its dividend for FY2025 stands at a record S$0.095 per share
22 hours ago
PropNex H2 profit up 28.3% at S$28.1 million
Therese Soh - Its dividend for FY2025 stands at a record S$0.095 per share
22 hours ago
Daiwa House Logistics Trust reports FY2025 DPU of 4.33 cents, down 9.6% y-o-y
Teo Zheng Long - Daiwa House Logistics Trust (SGX: DHLU ) (DHLT) has reported distribution per unit of 4.33 cents for FY2025, ended Dec 31, 2025, down 9.6% y-o-y Net property income (NPI) was at $44.2 million, up 0.7% y-o-y. The slightly higher NPI was due to contribution from DPL Gunma Fujioka and full year contrib ...
22 hours ago
Binance cannot arbitrate customer claims over crypto losses, US judge rules
NEW YORK, Feb 26 : A federal judge on Thursday rejected Binance's request that customers who accused the world's largest cryptocurrency exchange of illegally selling unregistered tokens that lost much of their value arbitrate their claims.U.S. District Judge Andrew Carter in Manhattan said ...
22 hours ago
CLAR acquiring a logistics portfolio in Spain for $185.4 million
The Edge Singapore - CapitaLand Ascendas REIT (CLAR) is acquiring a logistics portfolio in Spain for $185.4 million, which is expected to be accretive to its DPU. The portfolio comprises two Grade A logistics assets in Madrid and four logistics properties in Barcelona. Assuming the acquisition was completed on Jan 1 202 ...
22 hours ago
Tokyo Feb core CPI rises 1.8% yr/yr
TOKYO, Feb 27 : Core consumer prices in Tokyo rose 1.8 per cent in February from a year earlier, government data showed on Friday.The core consumer price index for Japan’s capital, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 1.7 ...
22 hours ago
In a 'year of reflection' and 'resilience', CDL's 2HFY2025 earnings up 374.3% to $538.5 mil
The Edge Singapore - City Developments has reported earnings of $538.5 million for its 2HFY2025, an increase of 374.3% y-oy, bringing full year earnings to $629.7 million, a jump of 212.8%. Revenue for the full year was up 9/7% to $3.59 billion. The better numbers were driven by "robust" residential sales in S ...
22 hours ago
Meta signs multi-billion-dollar deal to rent Google AI chips, The Information reports
Feb 26 : Meta Platforms has signed a multi-billion dollar deal to rent artificial intelligence chips from Google to develop new AI models, The Information reported on Thursday, citing a person involved in the talks.The report of the multi-year deal comes as companies pour billions into chips and AI ...
22 hours ago
Google signs multibillion-dollar AI chip deal with Meta, Information reports
Feb 26 : Meta Platforms has signed a deal to rent Google's AI chips, known as tensor processing units, to develop new AI models, the Information reported on Thursday, citing a person involved in the talks.The multi-year deal is worth billions of dollars, the report added.Meta and Google did not ...
22 hours ago
JPMorgan sees crypto boost if market-structure bill passes
The Clarity Act is part of a broader push in Congress to create a comprehensive regulatory framework for digital assets
22 hours ago
PropNex delivers record revenue, profit and dividends to start Year of the Horse
Lin Daoyi - With Singapore property entering a “goldilocks” phase, local property agency PropNex has reported a record $1.12 billion in revenue for FY2025 ended Dec 31, a 42.6% y-o-y jump from FY2024. Correspondingly, net profit attributable to shareholders surged 72% y-o-y to $70.4 million. The strong perf ...
23 hours ago
Jack Dorsey’s Block slashes nearly half its staff in AI bet
The reduction in force comes after rolling job eliminations that have often been tied to annual performance reviews
23 hours ago
Anthropic rejects Pentagon's requests in AI safeguards dispute, CEO says
Feb 26 : Anthropic cannot accede to the Pentagon's requests in an AI safeguards dispute, the AI firm's CEO Dario Amodei said on Thursday.
23 hours ago
Anthropic CEO says company cannot accede to Pentagon's request in AI safeguards dispute
Feb 26 : Anthropic cannot accede to the Pentagon's request in an AI safeguards dispute despite threats to remove the company from the Department of Defense's systems, the AI firm's CEO, Dario Amodei, said on Thursday.The Pentagon's dispute with Anthropic stems from the AI startup ...
23 hours ago
Anthropic cannot accede to Pentagon's request in AI safeguards dispute, CEO says
Anthropic said it would not accede to the Pentagon's request to eliminate safeguards from its AI systems, despite threats to deem the company a "supply chain risk" and remove it from the Department of Defense's systems, putting a US$200 million contract at risk.The Pentagon' ...
23 hours ago
Netflix declines to raise offer for Warner Bros
Feb 26 : Netflix said on Thursday it will not raise its offer for Warner Bros Discovery after the HBO Max owner's board determined that Paramount Skydance's latest proposal was a "Superior Proposal" to the streaming pioneer's existing merger agreement.
23 hours ago
ST Engineering reports FY2025 earnings of $462.8 mil; $850.8 mil if one-offs are excluded
The Edge Singapore - With one-off items including a mix of impairment of its satcom business, versus gains from divestments, Singapore Technologies Engineering has reported FY2025 earnings of $462.8 million, down 34.1% from FY2024's $702.3 million. In summary, the company booked impairment losses of $689 million an ...
23 hours ago
OpenAI outlines steps to boost safety measures in response to Canada school shooting
TORONTO, Feb 26 : OpenAI said on Thursday that it will set up a direct point of contact with Canadian law enforcement and improve detection of repeat policy violators, among steps to boost its safety protocols in the wake of a recent school shooting in Canada.The ChatGPT maker detailed the steps in ...
23 hours ago
Smartphone market set for biggest-ever decline in 2026 on memory price surge: IDC
The research firm expects a modest 2% recovery in 2027 as the crisis eases
23 hours ago
Betting giant Flutter forecasts 2026 profit far below estimates on US challenges
DUBLIN, Feb 26 : FanDuel-owner Flutter forecast modest profit growth for 2026 far below analyst expectations due to challenges in the betting giant's main U.S. market compounded by its misfiring attempts to win customers over with promotions and bonuses. The world's largest online betting ...
23 hours ago
Exclusive-ASML says next-gen EUV tools ready to mass-produce chips, marking key shift for AI chip production
SAN JOSE, California, Feb 26 : ASML Holding's next-generation chipmaking machine is ready for manufacturers to start bringing it into use for production at high volumes, a senior executive told Reuters, a big step for the chip industry.The Dutch company produces the world's only commercial ...