Wall Street slides on bank, tech pullback; uncertainty powers gold, oil
Jan 14 : Wall Street indexes slid for a second straight day on Wednesday as major banks reported earnings and investors surveyed a panoply of economic and political uncertainties which helped inflate prices for precious metals and oil.Banner earnings releases from three of the largest U.S. banks sho ...
Wall Street falls on bank share pullback, uncertainty boosts gold, oil
Jan 14 : Wall Street indexes inched lower on Wednesday as major banks reported earnings and investors surveyed a panoply of economic and political uncertainties which helped inflate prices for precious metals and oil.Data showed U.S. retail sales increased more than expected and producer prices pick ...
First Sponsor expects net loss for H2, full year 2025 on forex losses
Tan Nai Lun - Fair value loss on its financial derivatives is a result of the strengthening of foreign currencies against the Singapore dollar
CrowdStrike defeats shareholder lawsuit over huge software outage
Jan 14 : A federal judge dismissed a lawsuit by CrowdStrike shareholders who said the cybersecurity company defrauded them by concealing its inadequate software testing and quality assurance procedures, before a July 2024 outage crashed more than 8 million Microsoft Windows-based computers worldwide ...
US Supreme Court does not rule on Trump’s tariffs
The court has not said when it will issue its next opinions
Wall Street slides at open as investors assess results from big banks
[NEW YORK] Wall Street’s main indexes fell at the open on Wednesday (Jan 14) as investors digested earnings from Bank of America...
Alibaba and JPMorgan are said to invest in chip designer Montage’s HK listing
The listing may raise about US$900 million – or more
Catalist-listed MoneyMax proposes transfer to SGX mainboard
Tan Nai Lun - Move will enhance the long-term value for its shareholders
California to investigate xAI over Grok chatbot images, officials say
Jan 14 : California's governor and attorney general said on Wednesday that they were demanding answers from Elon Musk's xAI after the billionaire said he was not aware of any "naked underage images" generated by its artificial intelligence chatbot, called Grok."We’re deman ...
Musk says he was unaware of Grok generating explicit images of minors
Jan 14 : Elon Musk said on Wednesday he was not aware of any "naked underage images" generated by xAI's Grok chatbot, as scrutiny of the AI tool intensifies worldwide."I not aware of any naked underage images generated by Grok. Literally zero," Musk said in an X post.Musk� ...
Parliament deems Pritam Singh unsuitable to continue as Leader of the Opposition
[SINGAPORE] The House has expressed the view that Workers’ Party chief Pritam Singh is unsuitable to stay on as the Leader of...
Honeywell plans to carve out quantum computing unit Quantinuum via IPO
Jan 14 : Industrial company Honeywell said on Wednesday it plans for its majority-owned quantum computing unit Quantinuum to confidentially file draft initial public offering papers with the U.S. securities regulator.Quantinuum's IPO plans come at a time when companies are exploring ways to dev ...
Baidu is said to explore upgrading HK listing to primary status
This will help it qualify for cross-border trading, opening up investment flows from the mainland to Hong Kong
Belgian cybersecurity startup Aikido hits unicorn status with new funding round
STOCKHOLM, Jan 14 - Belgium's Aikido Security has raised $60 million from investors led by tech-focused private equity firm DST Global at a valuation of $1 billion, the cybersecurity startup said on Wednesday, making it among Europe's first new unicorns of 2026. Founded in 2022, Aikido ...
Bank of America profit climbs as trading surges in volatile markets
Its sales and trading revenue rose 10% to US$4.5 billion in Q4
SATS appoints ex-CEO of GXO Logistics Malcolm Wilson as non-executive director
Nicole Lim - SATS has announced changes to the composition of its board with the appointment of Malcolm Wilson as an independent non-executive director of the company with effect from Jan 15. Wilson is currently the executive board member of Dawson Group, a portfolio company of KKR & Co. Prior to his role at ...
Retail traders pile into memory chipmakers as AI boom squeezes supplies, lifts prices
Jan 14 : Retail investors ramped up buying of U.S. memory and data storage chipmakers in January, following 2025's strong momentum on expectations that booming artificial intelligence infrastructure demand will tighten supply and lift prices.An acute global shortage of memory chips is forcing A ...
HSBC considers selling Singapore insurance business: sources
A sale would follow other HSBC disposals in Europe and North America
Advanced Systems Automation makes pre-conditional offer for ASTI Holdings
Nicole Lim - Advanced Systems Automation (ASA) has made a pre-conditional voluntary offer for all the shares in ASTI Holdings, which will only proceed if certain conditions have been satisfied. This includes on or before the long-stop date, if trading in the shares of ASTI is resumed, or the approval of a transf ...
Soilbuild Construction completes proposed one-for-four share split
Nicole Lim - Soilbuild Construction Group has completed the proposed share split of one existing share into four shares. As at 5pm on Jan 14, the company has an issued share capital of $107,867,163.64 comprising 661,864,184 shares, no treasury shares and no subsidiary holdings. The group proposed this one-for-fo ...
CICT to develop, own commercial component of mixed-use Hougang Central site
Chong Xin Wei - The trust gains an ‘attractive entry yield’ with an expected yield on cost of more than 5%
Women's, advocacy groups call on Apple, Google to drop X and Grok from app stores
WASHINGTON, Jan 14 : A coalition of women's groups, tech watchdogs, and progressive activists is calling on Alphabet owner Google and Apple to remove the social media site X and its related chatbot, Grok, from their app stores.In open letters published on Wednesday, the coalition accused the El ...
India's Infosys beats Q3 revenue view; ups annual forecast range
BENGALURU, Jan 14 : Infosys reported better-than-expected third-quarter revenue on Wednesday, helped by a pickup in tech demand from its financial services clients.Revenue at India's second-largest IT services provider rose 8.9 per cent to 454.79 billion rupees ($5.04 billion) in the October-De ...
Infosys raises revenue view, sparks hopes of Indian IT turnaround
BENGALURU, Jan 14 : India's No. 2 software services exporter Infosys unexpectedly raised its revenue forecast on Wednesday and signaled a healthy demand outlook, citing steady discretionary tech spending and renewed momentum in its core financial services business.The forecast lifted its U.S.-l ...
Advanced Systems Automation makes pre-conditional offer for Asti shares
Tan Nai Lun - If the deal materialises, the offeror intends to amalgamate the semiconductor businesses of both companies
Trump’s credit card cap will hurt consumers and economy: JPMorgan
It is a surprise move that has blindsided the industry, and has sent financial banking stocks tumbling
CDL to launch freehold Newport Residences with prices upward of S$3,012 psf
Ry-Anne Lim - The smallest one-bedroom units at the 246-unit CBD project are priced from just under S$1.3 million for long-delayed launch
DBS unlocks S$1 billion in AI value in 2025
Young Zhan Heng - But as Singapore’s lenders seek to ride the wave, agentic artificial intelligence’s rise poses challenges for local banking talent
Consortium comprising UOL Group awarded tender for Hougang Central at tender price of $1.5 bil
Nicole Lim - A consortium comprising UOL Group has been awarded the tender for the integrated residential and commercial site at Hougang at a tender price of $1.5 billion. The consortium, which includes the company’s JV company Horizon Residential (Residential SPV), and a wholly-owned sub-trust of CICT, submit ...
Toku seeks brand recognition in fight with giants with Catalist listing
Benjamin Cher - Toku offers 65 million shares at S$0.25 apiece, raising S$16.3 million
Catalist-aspirant Toku to sell 65 million shares at S$0.25 apiece for its initial public offer
Benjamin Cher - The company will raise net proceeds of S$13.7 million; post-listing, it will execute its expansion plans
CICT to divest Bukit Panjang Plaza for S$428 million
Tan Nai Lun - The sale is being undertaken to optimise the Reit’s portfolio and to give it greater financial flexibility
Bank of Japan puts self-defence ahead of solidarity with Fed’s Powell
BOJ is not immune to the kind of things happening with the Fed
CapitaLand Integrated Commercial Trust to divest Bukit Panjang Plaza for $428 mil
Nicole Lim - CapitaLand Integrated Commercial Trust (CICT) is divesting Bukit Panjang Plaza to an unrelated third party for $428 million. The sale includes 90 strata lots, together with the plant, mechanical and electrical equipment located therein. The net proceeds from the sales will be approximately $421.2 mi ...
