Seatrium doubles FY2025 earnings to $324 mil on higher revenue and better margins
The Edge Singapore - With higher revenue and better margins, Seatrium has increased its FY2025 earnings by 106% y-o-y to $324 million. Revenue was up 24% to $11.5 billion, mainly from its oil and gas and offshore wind projects, such as the ongoing ones for Petrobras and TenneT. Back in FY2023, when the company was tryin ...
Zoom forecasts quarterly profit below estimates amid tough competition
Feb 25 : Zoom Communications forecast quarterly profit below Wall Street estimates on Wednesday, signaling intense competition and a cautious spending environment could weigh on its earnings.Shares of the company were down nearly 3 per cent in extended trading.Zoom is increasingly squeezed by rivals ...
Trading Day: Another tech tonic, Nvidia delivers
Oil settles little changed, supply worries persist despite large US crude stock build
[HOUSTON] Oil prices settled largely unchanged on Wednesday as a much larger-than-expected US crude stock build did not do much to calm jitters...
US corporate bond market is most competitive ever: Barclays
The bank says up to one-third of that growth can be attributed to the competitive conditions in the primary market
Commentary: My aunties now debate Trump’s tariffs on Indonesia. Here’s what they miss
A good tariff deal means little if permits crawl and customs stumble, says a strategic communicator.
European shares close at record high on HSBC boost, easing AI disruption fears
EUROPEAN shares closed at a record high on Wednesday, underpinned by a rebound in financials after HSBC raised a key lending target, while...
US stocks: Wall Street extends tech-powered rally as AI worries abate; Nvidia reports
[NEW YORK] Wall Street ended higher on Wednesday, extending its tech-led rally and touching two-week highs as worries over artificial intelligence disruption...
Nvidia forecasts first-quarter sales above estimates
Feb 25 : Chipmaker Nvidia forecast first-quarter revenue above market estimates on Wednesday, betting on Big Tech's unabated spending on its artificial intelligence processors amid widespread scrutiny of massive AI investments. Shares of Nvidia rose over 2 per cent in extended trading. The worl ...
Nvidia smashes forecasts with record quarter as AI boom rolls on
The figures sent a powerful signal that the technology buildout dominated by Nvidia that underpins the global AI boom remains in full swing.
Fintech Chime sees 2026 revenue above estimates on strong demand, shares surge
Feb 25 : Financial technology firm Chime forecast 2026 revenue above Wall Street estimates on Wednesday, helped by strong demand for its digital banking products and resilient consumer spending. The entry of new-age financial technology startups offering digital services, easy-to-use platforms and l ...
Snowflake expects annual product revenue above estimates as AI boosts demand
Feb 24 : Snowflake forecast fiscal 2027 product revenue above Wall Street estimates on Wednesday, a sign that new clients are turning to the company's cloud-based data analytics platform driven by booming adoption of artificial intelligence tools.Enterprise clients are stepping up investments i ...
Salesforce forecasts annual revenue below estimates, shares fall
Feb 25 : Salesforce forecast fiscal 2027 revenue below Wall Street expectations on Wednesday, signaling sluggish spending on enterprise business software as it invests heavily in its artificial intelligence platform to drive up demand. Shares of the San Francisco-based company fell nearly 4 per cent ...
Louisiana utility regulator denies request for probe of Meta data center deal, law group says
Feb 25 : Louisiana utility regulators denied an environmental law group's request to investigate a $27 billion Meta Platforms data center deal, the law group Earthjustice said on Wednesday.Earthjustice filed a motion last month with the Louisiana Public Service Commission asking it to probe pro ...
US lawmakers want UK briefing on backdoor order to Apple
BRUSSELS, Feb 25 : U.S. House Judiciary Chair Jim Jordan and Foreign Affairs Chair Brian Mast on Wednesday asked the British government to brief them on its order to Apple to create a back door to its encrypted user data so they could better understand the British move.The two lawmakers last year wa ...
New York sues video game developer Valve, says its 'loot boxes' are gambling
NEW YORK, Feb 25 : New York's attorney general sued Valve, a video game developer whose franchises include Counter-Strike, Team Fortress and Dota, accusing it of violating state gambling laws and threatening to addict children through its use of "loot boxes."In a complaint filed in a ...
Netflix co-CEO Sarandos to visit White House to discuss Warner Bros bid, Politico reports
Feb 25 : Netflix co-CEO Ted Sarandos will attend meetings at the White House on Thursday to discuss the streaming giant's bid to acquire Warner Bros Discovery's assets and President Donald Trump's demand to remove board member Susan Rice, Politico reported on Wednesday.In the heated t ...
Canada tells OpenAI to boost safety measures or be forced to by government
OTTAWA, Feb 25 : Canadian ministers told OpenAI that if it did not quickly boost its safety protocols in the wake of a recent school shooting, Ottawa would effect the change through legislation, a top official said on Wednesday.Ottawa summoned OpenAI's safety team for talks on Tuesday after the ...
Revolut to test stablecoin in UK trial
LONDON, Feb 25 : Britain's Revolut will start testing a crypto token pegged to the British pound, in a trial with three small companies but no big high-street lenders, the Financial Conduct Authority said on Wednesday.The trial will take place as part of the financial regulator's "san ...
Exclusive-Google to test changes to search results, source says as EU fine looms
BRUSSELS, Feb 25 : Alphabet's Google is poised to start testing changes to its search results to give rivals more prominence, a person with direct knowledge of the matter said on Wednesday, seeking to avoid an EU fine for allegedly favouring its own services in searches for hotels, flights and ...
White House to host Big Tech in pledge to rein in power costs
Feb 25 (REUTERS) - The White House plans to host leading data center and artificial intelligence companies including Microsoft, Anthropic and Meta Platforms in early March to formalize a deal to shield consumers from rising electricity costs, according to two sources familiar with the plans.The meet ...
Worldline disposal programme nearly complete, it says after hitting annual results targets
Feb 25 : Digital payment service group Worldline's disposal of non-core parts of the business is near completion, the company said as it reported annual results in line with guidance after a transformational year under its new CEO.The Paris-listed company reported a 2.4 per cent decline in annu ...
Eleven US states urge DOJ to thoroughly probe Netflix-Warner Bros. deal
Feb 25 : Republican attorneys general from 11 U.S. states have urged the U.S. Department of Justice to conduct a thorough review of Netflix's bid to acquire studio and streaming assets from Warner Bros., saying the deal threatens U.S. dominance in movies, according to a letter seen by Reuters.T ...
'Exquisite' fossil of one of the smallest dinosaurs found in Argentina
WASHINGTON, Feb 25 : In Argentina's Patagonia region 95 million years ago, some huge dinosaurs roamed the landscape including fearsome meat-eater Giganotosaurus, at about eight tons, and immense long-necked plant-eater Argentinosaurus, perhaps 70 tons. But this was no mere land of the giants, a ...
Nanofilm posts 11.3% fall in H2 earnings to S$10.2 million
Benjamin Cher - It proposes a final dividend of S$0.0087 per share
Yen hits two-week low after pro-stimulus board appointments
NEW YORK, Feb 25 : The Japanese yen reached a two-week low against the U.S. dollar on Wednesday after the Japanese government appointed two academics who are viewed as strong advocates of economic stimulus to the central bank’s board, adding to concerns about the pace of further rate hikes.The nom ...
JP Morgan raises long-term gold price forecast to $4,500
Feb 25 : JP Morgan raised its long-term forecast for gold prices to $4,500 an ounce on Wednesday while keeping its 2026 year-end forecast at $6,300.Spot gold has risen by about 20 per cent this year, hitting a three-week high of $5,248.89 an ounce on Tuesday. It hit a record peak of $5,594.82 on Jan ...
US tariff rate to hit 15% or more for some nations, trade chief Greer says
The administration will replace struck-down tariffs with 10% Section 122 tariffs and Section 301 investigations
Wall St opens higher in run-up to Nvidia earnings as AI worries abate
[NEW YORK] Wall Street’s main indexes opened higher on Wednesday (Feb 25) after volatile sessions earlier this week as investors assessed risks...
‘More to come!’ — DBS and CGSI analysts positive on Nam Cheong after US$64.5 mil newbuild contract win
Lin Daoyi - In reports issued on Feb 24, both DBS Research Group and CGS International have reiterated their confidence in Nam Cheong after the latter clinched a US$64.5 ($81.6) million shipbuilding contract with a new customer based in the United Arab Emirates. Striking an upbeat tone, Ho Pei Hwa of DBS writes ...
Food Empire’s H2 FY2025 earnings up 29.6% to US$37.1 million; special dividend proposed
Benjamin Cher - [SINGAPORE] Food Empire’s earnings rose 29.6 per cent to US$37.4 million for the second half ended Dec 31, 2025, from US$28.9 million...
Riverstone Holdings reports lower earnings of RM207.8 mil for FY2025, down 27.6% y-o-y
Teo Zheng Long - Riverstone Holdings (SGX: AP4 ) has reported a net profit of RM207.8 mil for FY2025, ended Dec 31, 2025, down 27.6% y-o-y. For 4QFY2025, net profit came in 23.0% y-o-y lower at RM54.0 million. Revenue for 4QFY2025 improved 1.3% q-o-q to RM250.7 million, driven by cleanroom demand as a result of cont ...
Israeli AI-cyber firm Gambit Security raises $61 million
(Removes extraneous word in headline; no changes to text)By Steven ScheerJERUSALEM, Feb 25 : Tel Aviv-based cybersecurity firm Gambit Security said on Wednesday it had raised $61 million in an early funding round as it emerged from more than a year in "stealth mode".The company, which deve ...
Telecom Italia mulls premium pricing for high‑performance connectivity at big events
MILAN, Feb 25 : Telecom Italia is exploring the introduction of premium-priced on-demand mobile services for customers seeking guaranteed fast and stable connectivity during large gatherings such as major sports events, its boss said on Wednesday.Italy remains one of Europe's most competitive m ...
