2 days ago
News Corp beats quarterly revenue estimates on growth in Dow Jones unit
Its total revenue of US$2.36 billion for the quarter beat analysts’ estimates
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Michael Saylor’s crypto project pounded after US$12.4 billion loss
Strategy holds over 713,000 Bitcoin, valued at about US$46 billion
2 days ago
Microchip Tech forecasts quarterly profit below estimates as memory shortages bite
Feb 5 : Chipmaker Microchip Technology forecast fourth-quarter profit below Wall Street estimates on Thursday, raising concerns about the impact of a memory-supply crunch on the wider semiconductor industry.Shares of the Chandler, Arizona-based company fell more than 5 per cent in extended trading.A ...
2 days ago
Reddit forecasts revenue above estimates as AI fuels ad sales
Its daily active unique visitors rose 19 per cent, to 121.4 million in Q4 2025
2 days ago
Amazon says it will spend US$200 billion this year on AI build-out
Microsoft and Alphabet also spent more heavily than anticipated
2 days ago
Oil settles almost 3% down on easing supply concerns ahead of US, Iran talks
[HOUSTON] Oil prices settled down almost 3 per cent on Thursday in choppy trading, after the US and Iran agreed to hold talks...
2 days ago
European shares fall as investors gauge earnings, ECB keeps rates unchanged
EUROPEAN shares fell on Thursday as the European Central Bank kept interest rates unchanged but offered no clues about its next move, while investors...
2 days ago
US stocks: Wall Street ends sharply down as AI worries weigh
WALL Street ended sharply lower on Thursday, with the Nasdaq dragged to its lowest since November by losses in Microsoft, Amazon and...
2 days ago
US dollar hits two-week high, pound slumps after BoE holds rates
NEW YORK, Feb 5 : The U.S. dollar hit a two-week high on Thursday as fresh volatility gripped stocks and the pound tumbled after the Bank of England voted by a razor-thin margin to leave UK rates unchanged.The greenback found firmer footing this week as investors turned more risk-averse and finan ...
2 days ago
Saylor-led Strategy's quarterly losses widen as bitcoin faces another reckoning
Feb 5 : Strategy reported a wider fourth-quarter loss on Thursday, as a turbulent period for digital assets caused the world's largest hoarder of bitcoin to record losses on its holdings.Shares of the Michael Saylor-led company fell 1.3 per cent in after-hours trading, extending heavy selling f ...
2 days ago
Reddit forecasts strong revenue as AI tools drive ad sales
Feb 5 : Reddit forecast first-quarter revenue above analysts' estimates on Thursday, as artificial intelligence-powered enhancements to its ad platform help the social media platform draw more marketers.Shares of the company rose 4 per cent after-hours as Reddit also announced its maiden share ...
2 days ago
Amazon sees 50% boost to capital spending this year; shares tumble
Feb 5 : Amazon on Thursday projected a surge of more than 50 per cent in capital expenditures this year, joining its peers in a spending spree to build out artificial-intelligence infrastructure, and sending its shares down 9 per cent in after-hours trading.It is the latest sign that Big Tech will n ...
2 days ago
Amazon projects $200 billion in capital spending this year
Feb 5 : Amazon.com on Thursday joined its Big Tech peers in projecting massive capital expenditures in 2026, the freshest sign yet that tech companies will not be hitting the brakes on their hefty AI investments anytime soon.The company said it expects to invest about $200 billion in capital expendi ...
2 days ago
Workplace romance: When boards must step in
When do workplace relationships cross the line – from being a personal issue to a boardroom concern?
2 days ago
Bitcoin slump shakes companies that jumped on crypto-hoarding bandwagon
Turbulence in the cryptocurrency market is dragging down shares of companies that hold bitcoin and other digital assets on their balance sheets, sparking concerns over potential broader strains in the sector. The number of publicly traded companies investing in cryptocurrencies in the hope they wou ...
2 days ago
Anthropic releases AI upgrade as market punishes software stocks
SAN FRANCISCO, Feb 5 : Technology startup Anthropic on Thursday launched what it called an improved artificial intelligence model, days after its product advances helped kick-start a selloff of traditional software stocks.The San Francisco-based lab, which is backed by Amazon.com and Alphabet' ...
2 days ago
Pirelli board rejects Sinochem's spin-off plan to end dispute over governance
ROME, Feb 5 : The board of Italian tyremaker Pirelli opposes any spin off of its cyber tyre activities, the company said on Thursday, reacting to a plan put forward by Chinese shareholder Sinochem to settle a governance dispute. Directors are against "any project or initiative that might lead t ...
2 days ago
Black hole continues to belch years after chewing up a star
WASHINGTON, Feb 5 : Scientists are observing the behavior of a supermassive black hole that is displaying exceptionally messy eating habits.Primarily using radio telescopes in New Mexico and South Africa, they are watching the black hole, residing at the center of a galaxy far beyond our Milky Way, ...
2 days ago
Autobahn Rent A Car director Roy Tan faces fresh forgery charge
Derryn Wong - He is accused of forging nine receipts to show that S$1.9 million had been paid in full to Toyota distributor Borneo Motors...
2 days ago
Offer for Low Keng Huat turns unconditional with 95.5% of shares secured
Sharanya Pillai - Managing director Marco Low and his family are taking the company private at S$0.78 per share
2 days ago
Wall Street opens lower on anxiety over Alphabet’s capex plans
[NEW YORK] Wall Street’s main indexes opened lower on Thursday (Feb 5) as investors fretted over Alphabet’s spending plans and Qualcomm’s downbeat...
2 days ago
OpenAI unveils AI agent service as part of push to attract businesses
The platform is part of a broader effort by OpenAI to seize the enterprise market from its rivals
2 days ago
Crypto exchange Gemini plans to lay off up to 200 staff, exit Europe and Australia
Gemini approved the plan to wind down operations in the UK, the European Union, other European jurisdictions and Australia, leaving it to operate in the US and Singapore.
2 days ago
AcroMeta enters into binding term sheet on the proposed sale of engineering subsidiary for $1.4 mil
Teo Zheng Long - AcroMeta (SGX: 43F ) announced that it has entered into a binding term sheet with an independent third-party buyer in relation to the proposed sale and purchase of 100% of the issued share capital of its wholly owned subsidiary, Acro Harvest Engineering (ACH). AcroMeta explained that the proposed di ...
2 days ago
First REIT’s FY2025 DPU down 8.1% y-o-y to 2.17 cents; gearing ratio increased to 42.1%
Teo Zheng Long - First REIT (SGX: AW9U ) has reported a distribution per unit (DPU) of 2.17 cents for FY2025 ended Dec 31, which was down 8.1% y-o-y. The REIT’s rental and other income declined 1.6% y-o-y to $100.5 million in FY2025, and net property and other income fell 1.1% y-o-y to $97.3 million. The decline w ...
2 days ago
First Reit H2 DPU falls 10.3% to S$0.0104 on weaker rupiah and yen
Deon Loke - Distributable income for the second half declines 9.3% to S$22 million, from S$24.3 million
2 days ago
IQVIA backs AI strategy as analysts question impact on business
Feb 5 : Healthcare data and clinical research provider IQVIA Holdings on Thursday defended its AI strategy against analyst concerns that recent technology advances could displace the company's services, after it forecast annual profit below Wall Street expectations.The questions, posed during a ...
2 days ago
All signs point to recovery as real estate markets gain momentum in 2026: Nuveen
Louise Kavanagh - In the ever-changing global investment landscape, real estate is poised for a significant resurgence in 2026. The painful reset in private markets now appears firmly behind us and we believe the coming year will represent an attractive vintage for real estate allocations. Throughout 2025, transactio ...
2 days ago
Indonesia president has ordered firm action against stock market violations, minister says
JAKARTA, Feb 5 : Indonesia's chief economic minister said on Thursday that President Prabowo Subianto has ordered a firm response to any violations of stock market rules. Airlangga Hartarto told a forum Prabowo had instructed officials to respond to the recent market rout as soon as possible. ...
2 days ago
India monitoring evolving crypto trading to ensure tax compliance, top tax official says
NEW DELHI, Feb 5 : India is talking to cryptocurrency exchanges to assess evolving trading activity as it seeks oversight over newer crypto products, according to a top tax official. India does not regulate cryptocurrencies, but global crypto exchanges such as Binance, Coin DCX, Coinbase and Zebpay ...
2 days ago
ECB holds rates as Euro rally and tariffs threaten economy
Jana Randow, Alexander Weber and Mark Schroers / Bloomberg - The European Central Bank kept interest rates unchanged as officials assess the economic toll of a rally in the euro and renewed trade unpredictability. The deposit rate was left at 2% on Thursday — as predicted by all economists in a Bloomberg survey. The ECB didn’t offer guidance on future ste ...
2 days ago
ECB keeps rates unchanged even as choppy markets threaten its 'good place'
It offered no clues about its next move
2 days ago
China warns of security risks linked to OpenClaw open-source AI agent
The industry ministry cautions that organisations using it should apply robust identity authentication and access controls
2 days ago
Nio to report first adjusted operating profit for 4QFY2025
Felicia Tan - NYSE-listed Nio Inc, which has a secondary listing on the Singapore Exchange’s (SGX) Mainboard, expects to report its first adjusted operating profit for the 4QFY2025 ended Dec 31, 2025. The quarter’s adjusted profit from operations on a non-generally accepted accounting principles (non-GAAP) ba ...