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 ...
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 ...
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
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
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 ...
Singapore stocks edge up in line with regional rise; STI gains 0.1%
Jude Chan - Across the broader market, advancers outnumber decliners 338 to 214, with 1.7 billion shares worth S$1.6 billion changing hands
Retail investors booked $2.62 bil net inflow into Singapore stocks in 2025 with three banks leading
Nicole Lim - Retail investors booked $2.62 billion of net inflow into Singapore stocks in 2025, bringing net retail inflows for the past 6 years to $17 billion, according to the Singapore Exchange’s market update on Jan 14. DBS Group Holdings (DBS), United Overseas Bank (UOB) and Oversea-Chinese Banking Corpor ...
Japanese yen rebounds from 18-month low against dollar
NEW YORK, Jan 14 : The Japanese yen rebounded from an 18-month low against the dollar on Wednesday as Japanese officials warned of potential intervention to shore up the currency, while the U.S. currency was modestly weaker against the euro as traders continued to evaluate likely Federal Reserve pol ...
Japan yen hits 18-month low; traders weigh up chances of intervention
LONDON, Jan 14 : The yen fell to its weakest level in a year-and-a-half against the dollar on Wednesday on speculation of a snap election that could pave the way for fiscal stimulus, prompting traders to consider the possibility that Japanese officials may step in to prop up the currency.The yen sli ...
Toyota raises offer for Toyota Industries by 15%
The tender price for group firm Toyota Industries was raised to 18,800 yen
China investigates Trip.com over alleged antitrust conduct
Regulator accuses the company of abusing its market position and engaging in monopolistic practices
China’s customs agents are told Nvidia’s H200 chips not permitted: sources
It is unclear whether the directives apply to existing orders for H200 chips, or only to new orders
Toku to raise $16.25 mil via IPO at 25 cents a share
Kwan Wei Kevin Tan - Cloud communications and customer experience platform Toku is seeking to raise $16.25 million via its initial public offering (IPO) placement of 65 million shares at 25 cents a share, the company announced on Jan 14. Toku was founded in 2018 by Thomas Laboulle, an infantry officer who served with th ...
Jollibee CFO says growth supports 2027 US listing of international arm
The international business accounts for 6,800 of 10,300 stores by the end of last year’s third quarter
Indonesia tech funding down 38% in 2025 as investors turn selective: report
Elisa Valenta - The funding slowdown coincides with the heightened scrutiny of Indonesia’s scandal-hit tech industry
Unlock Bukit Sembawang’s deep value by putting it up for sale
Leslie Yee - The group’s undervalued share price is unwarranted, given its rare landed housing landbank
Luxury retailer Saks Global files for bankruptcy after turnaround fails
US$1 billion debtor-in-possession financing, pending court approval, will fund Saks’ operations and turnaround
At least 32 killed after crane falls on train in Thailand
More than 60 people were hurt in the crash
At least 31 killed after crane falls on train in Thailand
More than 60 people were hurt in the crash
At least 25 killed after crane falls on train in Thailand
Some 80 people were hurt in the crash
FountainVest secures Italy's nod to buy major stake in EuroGroup Laminations
ROME, Jan 14 : Asian private equity firm FountainVest secured backing from the Italian government to buy a majority stake in electric motor component maker EuroGroup Laminations, a document seen by Reuters showed, part of a plan to take the company private.Shares in EuroGroup Laminations rose 7.4 pe ...
Indonesia scraps plan to introduce B50 biodiesel this year, will raise palm oil export levy
JAKARTA, Jan 14 : Indonesia has scrapped plans for a mandatory B50 grade of palm oil-based diesel this year and will stick with B40 owing to technical and funding concerns, government officials said on Wednesday.Indonesia had planned to launch the B50 grade - a blend of 50 per cent palm oil-based bi ...
Toyota agrees to hike offer for Toyota Industries by 15%
TOKYO, Jan 14 : Toyota Motor said on Wednesday it had agreed to raise its offer for group firm Toyota Industries to 18,800 yen ($118.11) per share as part of the plan to take the forklift maker private.The Japanese automotive giant had previously offered 16,300 yen per share in a deal announced in J ...
Steam engines behind German wage and innovation gaps 150 years on, study shows
BERLIN, Jan 14 : The steam engine is still shaping Germany's economy long after its invention with a new study saying areas that adopted the technology early still carry advantages, suggesting that early adoption of AI could bring similar benefits.Regions where steam engines were particularly w ...
Prudential taps ex-HSBC veteran Douglas Flint as chairman
Flint, who was chairman of HSBC until 2017, will replace Shriti Vadera and will join the board in March
Amazon to appeal against Italian fine, even after it was cut, paper says
ROME, Jan 14 : U.S. e-commerce giant Amazon will appeal against a decision by an Italian court that reduced a fine imposed by the country's antitrust regulator as it believes it should not be charged at all, Italian daily MF reported on Wednesday. On Monday, Italy's antitrust authority sai ...
Amazon to appeal against Italian antitrust fine, even after it was cut
ROME, Jan 14 : U.S. e-commerce giant Amazon said on Wednesday it would appeal against a decision by an Italian court that reduced a fine imposed by the country's antitrust regulator as it believes it should not be charged at all.On Monday, Italy's antitrust authority said it had reduced to ...
UOB Kay Hian initiates ‘buy’ on CAO with $2.09 TP on travel demand tailwinds and potential special dividend
Felicia Tan - UOB Kay Hian analysts Tang Kai Jie and John Cheong have initiated “buy” on China Aviation Oil (CAO) as they see the counter benefitting from the tailwinds of travel demand. “CAO is the largest physical jet fuel trader in Asia and is expected to be a key beneficiary of the sustained recovery in ...
