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 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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 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 ...
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 ...
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 ...
Extension of eight-person occupancy cap for rental units addresses issue of quantity but not quality
Ernee Ong - Singapore has extended the temporary relaxation of the eight-person occupancy cap for rental of larger residential properties for another two years through to 2028 — an admission that the rental market remains tight despite new supply coming online. The occupancy cap was first relaxed in January 2 ...
Data centres go mainstream in CBRE’s investor survey, with price growth seen to outpace other assets
Jovi Ho - Data centres have proven so popular among real estate investors that CBRE has upgraded the asset class to “mainstream” subsector status in its latest Asia Pacific Investor Intentions Survey, placing it alongside traditional property sectors like office, industrial and logistics, residential, ret ...
Singapore stocks rise, tracking regional gains; STI up 1.3%
Ranamita Chakraborty - Across the broader market, gainers outnumber decliners 316 to 142, after 1.4 billion securities worth S$2.1 billion change hands
LTA awards two Downtown Line extension contracts worth S$735 million
Shikhar Gupta - Construction works for the new stations are expected to start in the second quarter of 2026
Mega-what? Capex, depreciation could rise as data centres focus on AI
Goola Warden - Data centre developments today are much more capital-intensive than in the past. The costlier fit-out means REIT managers and investors must account for more depreciation Data centres in REITs provide investors with a conundrum. These buildings form a major part of the value chain for artificial int ...
Maybank starts Addvalue Tech at ‘buy’ with target price of 12 cents
Felicia Tan - Maybank Securities’ Jarick Seet has initiated coverage on Addvalue Technologies with a “buy” call and a target price of 12 cents. Seet’s target price represents an upside of 45% and is based on a blended FY2027/FY2028 P/E of 35 times. “Addvalue Technologies is one of the rare profitable, h ...
Philippine central bank cuts policy rate, says outlook uncertain
MANILA, Feb 19 : The Philippine central bank cut its key rate for a sixth straight time on Thursday to support growth, adding that the outlook for policy depends on how quickly confidence in the economy returns.The move to lower the overnight reverse repurchase rate by 25 basis points to 4.25 per ce ...
