1 day ago
BNP Paribas vows more cost cuts after profit tops forecast
BNP reported net income of 2.97 billion euros (S$4.46 billion) for the three months ending in December
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Maybank lowers FY2026 DPU by 3.8% on ESR-REIT due to ‘potential income vacuum’ from divestments
Douglas Toh - Analyst Liu Miaomiao of Maybank Securities is keeping her “buy” call on ESR-REIT at an unchanged target price of $3.00 following the REIT’s FY2025 ended December 2025 results. In the period, ESR-REIT’s dividend per unit (DPU) grew 3.4% y-o-y to 21.44 cents. Growth was underpinned by an 11.7% ...
1 day ago
Grab to equip 10,000 drivers, merchants with AI skills by 2028
Young Zhan Heng - This aligns with efforts by policymakers to future-proof workers as AI reshapes business models and jobs
1 day ago
Britain to work with Microsoft to build deepfake detection system
LONDON, Feb 5 : Britain will work with Microsoft, academics and experts to develop a system to spot deepfake material online, the government said on Thursday, as it moves to set standards for tackling harmful and deceptive AI-generated content.While manipulated material has circulated online for dec ...
1 day ago
Taiwan to ramp up purchases of US natural gas this year
TAIPEI, Feb 5 : Taiwan will ramp up its purchases of U.S. natural gas to make up about one-third of its imported supply this year, and reduce purchases from other countries, officials said on Thursday.Taiwan, which runs a large trade surplus with the U.S., has shown an interest in a potentially enor ...
1 day ago
HSBC to cull underperformers as some bankers face zero bonuses
It wants to emulate its Wall Street rivals with a more hard-edged, “eat-what-you-kill” stance
1 day ago
Analysis:Decisive win for Japan PM Takaichi may be best scenario for bonds, yen
TOKYO, Feb 5 : A landslide win for Japan's ruling Liberal Democratic Party (LDP) at Sunday's election may be the best outcome for bonds and the yen, analysts say, even as Prime Minister Sanae Takaichi's spending pledges have repeatedly rocked markets.The vote has investors on edge bec ...
1 day ago
Compulsory winding-up applications rise to 15-year high in 2025
Tay Peck Gek - The number of business cessations is the third-highest since 1990
1 day ago
US drone makers seek Asia sales as China threat rises
US companies open Asia offices, secure regional contracts
1 day ago
Shell keeps buybacks steady as profit falls, misses expectations
It has a Q4 net profit of US$3.3 billion, dropping 11% from the year before amid lower oil prices
1 day ago
OCBC maintains top position in Bloomberg’s Bookrunner League Table for SGD bonds
Kwan Wei Kevin Tan - Oversea-Chinese Banking Corporation (OCBC) (SGX: O39 ) has retained its position as the top issuer for Singapore dollar bonds (SGD) in Bloomberg’s Bookrunner League Table for 2025. This is the second consecutive year OCBC has clinched the title. Last year, OCBC participated in 59 SGD bond issuance ...
1 day ago
Anthropic's AI push raises analyst concerns over IT services revenues
Feb 5 : Rapid advances in artificial intelligence, triggered in part by Anthropic's latest automation push, could structurally erode the IT sector's high-margin application services revenues, creating downside risks to earnings and valuations, analysts warn.Shares in India's software ...
1 day ago
Anthropic's AI push raises analyst concerns over Indian IT services revenues
Feb 5 : Rapid advances in artificial intelligence, triggered in part by Anthropic's latest automation push, could structurally erode the IT sector's high-margin application services revenues, creating downside risks to earnings and valuations, analysts warn.Shares in India's software ...
1 day ago
Hillhouse-backed EZA Hill defends ‘contrarian’ investment focus on industrial, logistics assets
Jovi Ho - Deal-making, like the arts, might be the “last bastion for human-only jobs”, says Frank Ng, chief investment officer of EZA Hill. “Identifying mispriced opportunities in opaque markets, reading the tea leaves of structural market trends, understanding political risk in more volatile markets ...
1 day ago
Singapore’s space push faces cyber risks from legacy satellite systems
Nurdianah Md Nur - Singapore’s ambitions in the fast-growing space economy are colliding with a sobering reality. Much of the satellite infrastructure that underpins emergency response, navigation and financial transactions was built at a time when cybersecurity was not a design priority, says David Koh, chief execu ...
1 day ago
Taiwan's ASE sees its advanced packaging business doubling to $3.2 billion in 2026
TAIPEI, Feb 5 : ASE Technology Holding, the world's largest chip packaging and testing provider, on Thursday said it expects its leading-edge advanced packaging business to double in size to $3.2 billion in 2026.The Taiwanese company made the comment on a conference call following its quarterly ...
1 day ago
Bitcoin slumps with key US$70,000 level in sight
Bitcoin tumbled more than 3% in the Asian session to US$70,052.38
1 day ago
Bitcoin falls below US$70,000 as market faces a ‘crisis of faith’
Bitcoin tumbled as low as US69,821 in early New York trading on Thursday
1 day ago
BT sees record fibre demand, stabilises overall customer losses
LONDON, Feb 5 : BT, Britain's biggest telecoms group, said it was seeing record demand from homes and businesses wanting to connect to its growing fibre network, helping reduce its overall customer losses.The group has been losing customers from its national Openreach fibre network to smaller r ...
1 day ago
UK's BT on track as broadband strengthens
LONDON, Feb 5 : BT, Britain's biggest broadband operator which also owns the EE mobile network, posted in-line quarterly results, and said its forecast for line losses this year had improved, putting it on track to meet its targets. BT, which is in the final stages of building its Openreach fib ...
1 day ago
UK's BT says on track to meet forecasts for the year
LONDON, Feb 5 : BT, Britain's biggest broadband operator which also owns the EE mobile network, posted a 4 per cent fall in quarterly revenue, in line with forecasts, and said it was on track to meet its targets for the year.
1 day ago
French Minister: 2026 will be year of resistance against Shein
PARIS, Feb 5 : Serge Papin, the French Minister for small and medium sized businesses, said on Thursday that 2026 will be the year of resistance against Shein and other on-line platforms which he accused of not being accountable for the products they sell.He told TV station TF1 that physical stores ...
1 day ago
Singtel to open Brazil sales office to better serve MNCs' digital needs
Nurdianah Md Nur - Singapore Telecommunications (Singtel) is planning to establish a sales office in Brazil to help multinational corporations (MNCs) accelerate digital transformation. Expected to be ready by the third quarter of 2026, the new sales office aims to strengthen enterprise connectivity between Latin Ameri ...
1 day ago
Malaysia sees further upside for ringgit, 2026 growth forecast
The ringgit has risen 3% this year after gaining around 10% in 2025
1 day ago
Nippon Steel widens full year net loss forecast to 70 billion yen
TOKYO, Feb 5 : Nippon Steel on Thursday widened its net loss forecast for the year through March to 70 billion yen ($446.12 million), after ending the nine months to December in the red.Japan's biggest steel maker previously expected a loss of 60 billion yen on charges related to a $15 billion ...
1 day ago
Asia-Pacific will need 20,000 new aircraft over next two decades: Airbus
Derryn Wong - Boeing adds that South-east Asia will require about 5,000 new planes by 2044
1 day ago
Billionaire owners seen posing challenge for new OCBC chief Tan
Lee Tih Shih has long kept a firm grip on spending at the firm
1 day ago
OCBC’s billionaire owners seen posing challenge for new CEO Tan Teck Long
The bank split the jobs of chairman and CEO in 1998, and have appointed outside professionals for both positions since 2003
1 day ago
Analysis:'Software-mageddon' leaves investors bargain-hunting but wary
NEW YORK, Feb 5 : Wall Street's "Software-mageddon" has been snowballing. Now investors are debating whether it is time to warm up to the beaten-down stocks.The fallout for the software industry, which includes a handful of signature stocks of the recent bull market, reflects growing ...
1 day ago
'Software-mageddon' leaves investors bargain-hunting but wary
NEW YORK, Feb 5 : Wall Street's "Software-mageddon" has been snowballing. Now investors are debating whether it is time to warm up to the beaten-down stocks.The fallout for the software industry, which includes a handful of signature stocks of the recent bull market, reflects growing ...
1 day ago
Average daily room rate at CDLHT’s upcoming Moxy Singapore Clarke Quay to ‘stabilise’ at $250
Jovi Ho - More than five years after CDL Hospitality Trusts (CDLHT) first announced plans for Moxy Singapore Clarke Quay, the manager of the trust unveiled more details for the upcoming 475-key hotel, which is projected to obtain its temporary occupation permit (TOP) around end-2026. Operated by Marriott Inte ...
1 day ago
Morning Bid: Skittish investors haunted by tech sell-off
Feb 5 - A look at the day ahead in European and global markets from Stella Qiu: Conviction was high that major U.S. tech firms would deliver another impressive quarter of strong sales and rosy outlooks and so investors added to their exposures before this earnings season. That has proved to be a cos ...
1 day ago
BYD shifts to local parts in Brazil factory in bid for market leadership
Since October, the automaker has produced about 25,000 cars at the industrial complex
1 day ago
Analysts lift target prices for Singtel after STT GDC deal – with highest upside over 10%
Shikhar Gupta - Maybank, DBS maintain ‘buy’ while Morningstar keeps conservative view