Indian fintech firm Paytm posts quarterly profit
BENGALURU, Jan 29 : Indian fintech firm Paytm reported a profit for the third quarter on Thursday, driven by growth in its financial and payments services business while it kept costs under control.The digital payments firm posted a net profit of 2.25 billion rupees, from a loss of 2.08 billion rupe ...
Indian fintech firm Paytm beats quarterly profit view on core business growth
Jan 29 : Indian fintech firm Paytm beat profit expectations in the third quarter on Thursday, helped by robust growth in its financial and payments services segments.Paytm has focused on its core payments services business and reduced expenses following earlier challenges after the central bank orde ...
Indian fintech firm Paytm posts quarterly profit on core business growth
Jan 29 : Indian fintech firm Paytm reported a profit for the third quarter on Thursday, driven by growth in its financial and payments services business while it kept costs under control.The digital payments firm posted a net profit of 2.25 billion rupees for the quarter ended December 31, from a lo ...
Starhill Global REIT's 1HFY2026 DPU held steady at 1.8 cents
The Edge Singapore - Starhill Global REIT's DPU for 1HFY2026 has held steady at 1.8 cents versus the preceding period ended Dec 2024. Net property income dipped by 0.8% to $75.1 million while revenue held steady at $96.3 million. The slightly lower NPI can be attributed to loss of contribution from the divestment o ...
China plans space‑based AI data centres, challenging Musk’s SpaceX ambitions
The Chinese nation and the US are competing to become the first to exploit the military and strategic advantages of space dominance
Mastercard profit rises on sustained transaction volumes
Jan 29 : Mastercard posted a rise in fourth-quarter profit on Thursday, as sustained consumer spending drove up its transaction volumes.Household spending has remained resilient despite tariff-fueled uncertainty, as consumers continue to spend on necessities.During the holiday quarter, shoppers also ...
Mastercard profit beats estimates on sustained consumer spending
Jan 29 : Mastercard beat Wall Street expectations for fourth-quarter profit on Thursday, as resilient spending on travel, leisure and everyday essentials boosted transaction volumes for the payment processor.Spending has largely held up despite concerns of economic uncertainty fueled by U.S. Preside ...
Mastercard profit exceeds expectations, set to lay off 4% globally
Jan 29 : Mastercard beat Wall Street expectations for fourth-quarter profit on resilient spending, and said it will lay off about 4 per cent of its global workforce to refocus investments in different areas.The firm's executives told analysts that the restructuring would result in a charge of a ...
Goldman Sachs raises Malaysia to market weight, lifting KLCI upside to 1,880
The Edge Singapore - Goldman Sachs has upgraded Malaysia to market weight and lifts KLCI target to 1,880. In a report dated Jan 29, Goldman points out that economic growth in 2025 exceeded the government’s forecast range (4.9% vs. 4.0–4.8%) and 2026 growth appears robust at 4.5%. Domestic demand is supported by hous ...
Starhill Global Reit H1 DPU flat at S$0.018
Young Zhan Heng - Revenue remains unchanged at S$96.3 million for the first-half period
CNMC Goldmine expects 'significantly' higher FY2025 earnings
The Edge Singapore - CNMC Goldmine Holdings expects to report a "significant overall improvement" in its FY2025 earnings, over the preceding year ended Dec 31 2024. The better numbers can be attributed to higher average realised prices for gold and silver, coupled with higher production output. The company exp ...
Long-stay space, long-term gains
Felicia Tan - Changing lifestyles means more young professionals prefer to ‘live for the now’ – eschewing traditional milestones like marriage and home purchases. Frasers Hospitality hopes to capture this catchment of home-renters. For previous generations, owning a home was almost an unquestioned milestone ...
Gold is soaring. Can it ever get too high?
Lin Daoyi - What does an Olympic-sized swimming pool have to do with gold? Hint: it is not Scrooge McDuck diving into his money bin filled with gold coins (and causing a gold tsunami), but something else. According to the World Gold Council (WGC), the total amount of gold mined as of 1Q2024 would fit in a space ...
Alibaba's logistics arm to buy stake in Chinese robovan developer Zelostech
Jan 29 : Chinese robovan developer Zelostech said on Thursday that e-commerce giant Alibaba's logistics arm, Cainiao, will take a stake in the company.The deal will create a business valued around $2 billion, the Wall Street Journal, which first reported the news, said.A spokesperson for the ro ...
CapitaLand Ascott Trust H2 DPS inches up 1% to S$0.0358
Ry-Anne Lim - The rise in H2 FY2025 DPS follows a 4% growth in revenue to S$439.1 million for the half year
CapitaLand Ascott Trust H2 DPS inches up 0.8% to S$0.0358
Ry-Anne Lim - The rise in H2 FY2025 DPS follows a 4% growth in revenue to S$439.1 million for the half year
Funds, exchanges and retail icon Mustafa enter the digital golden age
Lin Daoyi - Mustafa Centre is a popular bricks-and-mortar shopping centre near Serangoon Road, which is dotted with numerous other jewellery retailers dazzling shoppers with bracelets, chains and other gold accessories. While very much keeping this physical presence — Mustafa’s online shipping website was o ...
STMicro upbeat on 2026 visibility, warns restructuring costs will continue to weigh
Jan 29 : STMicroelectronics forecast first-quarter revenue slightly above market expectations on Thursday as its main markets showed signs of recovery, but warned restructuring costs would recur after it booked a $141 million hit in the fourth quarter.Shares of the Franco-Italian group rose up to 5 ...
Gold digging, pawning and jewellery retail lift off with gold
Lin Daoyi - The flight of gold prices to above US$5,000 per ounce has a direct effect on the share prices of gold miners, pawn shops and jewellery retailers. Investors who have bought into these companies since the start of 2025 have struck gold, loading their pockets with more wealth while lifting their spirit ...
India’s Bharat Petroleum plans Singapore trading hub to cut costs and boost margins
The Mumbai-based refiner’s new desk will initially be staffed by four traders
Comcast sheds more broadband customers as wireless competition mounts
Jan 29 : Comcast lost more broadband customers than expected in the fourth quarter, as rivals lured away consumers with aggressive offers, piling pressure on the company's mainstay business.Promotional campaigns by high-speed fiber providers and the launch of cheaper fixed-wireless access inter ...
Comcast sheds more broadband customers as competition mounts on core business
Jan 29 : Comcast lost more broadband customers than expected in the fourth quarter, as rivals lured away consumers with aggressive offers, piling pressure on the company's mainstay business.Promotional campaigns by high-speed fiber providers and the launch of cheaper fixed-wireless access inter ...
CapitaLand Ascott Trust announces unchanged distribution per stapled security in FY2025
The Edge Singapore - CapitaLand Ascott Trust reported a distribution per stapled security (DPS) of 6.1 cents in FY2025 for the 12 months to Dec 31, 2025, unchanged y-o-y. Core DPS was 3% lower y-o-y due to the property tax adjustments in FY2024 and FY2025; excluding the adjustments, core DPS would have been relatively s ...
Caterpillar flags $2.6 billion tariff hit in 2026, power equipment demand lifts quarter
Jan 29 : Caterpillar warned of a $2.6 billion hit from tariffs in 2026, even as it reported a rise in fourth-quarter revenue and profit on sustained demand for its power-generation equipment amid a rapid build-out of data centers.The world's largest construction and mining equipment maker repor ...
Caterpillar reports higher quarterly profit, revenue on AI-fueled power equipment demand
Jan 29 : Caterpillar reported a rise in fourth-quarter revenue and profit on Thursday, driven by sustained demand for its power-generation equipment amid a rapid build-out of data centers.The world's largest construction and mining equipment maker reported an adjusted profit of $5.16 per share ...
Caterpillar flags $2.6 billion tariff hit in 2026, data center demand powers quarter
Jan 29 : Caterpillar warned of a $2.6 billion tariff cost in 2026, including about $800 million in the first quarter, after beating Wall Street estimates for fourth-quarter results on sustained demand for its power-generation equipment amid a rapid build-out of data centers. Industrial firms were am ...
Caterpillar gets a big AI sales boost as tariffs drag
Jan 29 : Caterpillar's fourth-quarter results mirrored the global economy, with sales lifted by surging artificial intelligence-related spending even as the equipment giant braced investors for a $2 billion-plus tariff hit in the year ahead.The world's largest construction equipment firm s ...
As one Chinese billionaire family builds its S-Reit empire, what does it mean for minority investors?
Jude Chan - The consolidation of power under the Tang family comes with some potential for growth, but also a fair share of uncertainty
Temasek-backed Eastroc Beverage to price Hong Kong listing at top of range: sources
Pricing is set for Friday, with the final offer price to be announced on Feb 2
Temasek-backed Eastroc Beverage to price HK IPO at top of range; targeting HK$10.14 billion raise
The firm has offered 40.9 million H shares for the listing, putting the offer price at HK$248 apiece
Tepco to sell up to 26 million shares of Kandenko as part of restructuring
TOKYO, Jan 29 : Tokyo Electric Power said on Thursday its unit TEPCO Power Grid will sell up to about 26 million shares in its affiliate Kandenko as part of restructuring efforts to improve its financial health and pursue growth. The share sale, valued at about 150 billion yen ($979 million) based o ...
Singapore motorcycle rental company GoTakeBike to sue competitor MeGoRide, ex-founder
Derryn Wong - The company will seek damages against ex-founder Matthew Soh for breach of confidence; competing firm MeGoRide must suspend operations
GuocoLand H1 net profit rises 14% to S$85.4 million despite lower revenue
Therese Soh - EPS rises to S$0.0708 for the six-month period
Micro-Mechanics (Holdings) 2QFY2026 earnings up 25.2% y-o-y to $3.7 mil
The Edge Singapore - Micro-Mechanics (Holdings) has reported 2QFY2026 earnings of $3.7 million, up 25.2% y-o-y. This brings its 1HFY2026 earnings to $6.86 million, an increase of 13.7%. Thanks to strong sales momentum from the consumable tools segment, revenue for the quarter ended Dec 31 2025 was $18.7 million, up 14.5 ...
