Maybank downgrades ComfortDelGro to ‘hold’ after lower-than-expected 1QFY2026 results
Felicia Tan - Maybank Securities’ Eric Ong has downgraded ComfortDelGro to “hold” from “buy” previously after the group’s 1QFY2026 ended March 31 results came in below consensus’ expectations. The group’s patmi for the quarter fell by 16.1% y-o-y to $40.5 million, meeting only 17.4% of the consens ...
Ryan Cohen hits back at eBay, says his takeover proposal should not be dismissed
NEW YORK, May 13 : GameStop CEO Ryan Cohen told eBay's board on Wednesday that they should not reject his $56 billion takeover proposal and the e-commerce company's shareholders deserve a chance to evaluate it.Cohen reacted one day after eBay rejected his unsolicited offer to buy the compa ...
Ryan Cohen says eBay directors should not dismiss his proposal without engaging on its substance
NEW YORK, May 13 : GameStop CEO Ryan Cohen on Wednesday told eBay's board that the company should not reject his $56 billion takeover proposal and that the company's shareholders deserve a chance to evaluate it.Cohen wrote to the chairman of eBay that he requested a meeting with the compan ...
SingPost to keep, enhance SingPost Centre in U-turn from plan to sell it
Tay Peck Gek - The cash cow is now part of 3 new priorities aimed at sustainable growth
SingPost to keep SingPost Centre as part of 3 new priorities for its reset strategy
Tay Peck Gek - The postal and logistics player is bullish about the property’s upside potential
Trump nominee Kevin Warsh confirmed as Fed chair
President Donald Trump has repeatedly attacked the Fed for not lowering interest rates as aggressively as he would like
Senate confirms Kevin Warsh as Fed chair
President Donald Trump has repeatedly attacked the Fed for not lowering interest rates as aggressively as he would like
Oil edges up ahead of Trump-Xi meeting in Beijing
China is the biggest buyer of Iranian oil despite sanctions pressure from the Trump administration.
Oil settles lower on US rate hike fears; investors watch Trump-Xi meeting
China is the biggest buyer of Iranian oil despite sanctions pressure from the Trump administration
S&P 500, Nasdaq boosted by chips to record closing highs
Recent inflation data is dousing any remaining hopes for a near-term rate cut from the Federal Reserve
Commentary: Why executive condominiums still offer a valid alternative for the 'sandwich' class
Executive condominiums remain relevant for the "sandwich" middle class, though the government will need to keep a close watch on prices, says NUS Business School’s Sing Tien Foo.
Commentary: The odds racket in prediction markets
Intelligence agencies should be wary of fortune-tellers with a probability sign out front, says this analyst.
European shares lifted by miners and tech; Middle East in focus
With the first-quarter earnings season drawing to a close, corporate profits are expected to grow at their fastest pace in three years
Ford stock surges 13% on investor optimism for new energy storage business
DETROIT, May 13 : Investor support for Ford Motor's energy storage business sent its stock soaring 13 per cent Wednesday, the biggest single-day increase in about six years, following a note from Morgan Stanley highlighting details released by the company on Monday. Ford announced its wholly-ow ...
Trump Mobile starts shipping US-assembled T1 phones after months-long delay
May 13 : Trump Mobile said on Wednesday it has begun shipping its long-delayed $499 T1 smartphones to customers, several months after the gold-colored device was originally slated for release in August.The mobile venture, launched in June last year by the Trump Organization under a trademark licensi ...
Exclusive-Microsoft eyeing startup deals for life after OpenAI
SAN FRANCISCO / NEW YORK, May 13 : Microsoft is shopping for artificial-intelligence startups as the software company prepares for a future independent of its once-vital partner OpenAI, five people familiar with the matter said. The potential acquisitions could help the company stock up on AI talent ...
Cisco raises annual revenue forecast
May 13 : Cisco said it was restructuring its business to focus on growth areas, including AI, and expects to record a related $1 billion charge due to severance and other costs, sending its shares up 14 per cent in extended trading. The company, which also raised its annual revenue forecast, did not ...
OpenAI chief Altman has over $2 billion stake in companies that dealt with OpenAI, court filing shows
OAKLAND, California, May 13 : OpenAI Chief Executive Sam Altman holds more than $2 billion in companies that have done business with the artificial intelligence company, a court document showed as Altman faces claims of self-dealing from state attorneys general and Elon Musk, as well as a U.S. congr ...
Tooth from Siberian cave reveals Neanderthal dental surgery
May 13 : About 59,000 years ago, a Neanderthal suffered from an awful toothache caused by a deep cavity in one of the molars on the lower jaw. That tooth has now been discovered inside a Siberian cave, bearing signs of dental surgery apparently performed with a small stone tool to remove decay and r ...
Centurion’s revenue up by 30% to $89.4 mil in 1QFY2026
Felicia Tan - Centurion Corporation has reported revenue of $89.4 million for the 1QFY2026 ended March 31, 30% higher y-o-y, driven by portfolio growth in Singapore, Malaysia and Australia, as well as positive rental reversions. Revenue for the group’s purpose-built workers’ accommodation (PBWA) segment grew ...
Rivian spinout Mind Robotics valued at $3.4 billion in new funding round
May 13 : Mind Robotics, a spinout from Rivian, was valued at $3.4 billion in a new funding round, up from the $2 billion valuation it secured during its Series A raise in March, according to a source familiar with the matter.The industrial robotics startup has raised $400 million in the Kleiner Perk ...
Top French court rejects Amazon challenge over French book delivery fees
PARIS, May 13 : France's highest administrative court, the Conseil d'Etat, rejected on Wednesday a challenge by Internet giant Amazon over minimum delivery fees on books, as the country continues its battle to protect its cultural traditions in an age of global, digital commerce.The French ...
AI is not replacing workers on a large scale so far, says Bank of Canada
Centurion’s Q1 revenue up 30% to S$89.4 million with growth in Singapore, Australia
Sharanya Pillai - The company is sanguine about the headwinds in the UK student accommodation sector
Shutterstock to pay $35 million to settle US FTC charges over subscription plans, cancellations
NEW YORK, May 13 : Shutterstock will pay $35 million to settle U.S. Federal Trade Commission charges that the online provider of stock photography, graphics and videos misled consumers about its subscription plans and made it difficult to cancel, the agency said.Wednesday's settlement resolves ...
US FTC sues Shutterstock over subscription plans
NEW YORK, May 13 : Shutterstock will pay $35 million to settle U.S. Federal Trade Commission charges that the online provider of stock photography, graphics and videos misled consumers about its subscription plans and made it too difficult to cancel, the FTC said on Wednesday.The settlement resolved ...
AI boom: AEM quadruples Q1 profit to S$14.3 million, raises FY2026 revenue guidance by 20%
Sharanya Pillai - Its largest customer this year will likely be a fabless artificial intelligence and high-performance computing player
LinkedIn is planning to lay off 5% of staff in latest tech-sector cuts, source says
[SAN FRANCISCO] LinkedIn is preparing to announce layoffs on Wednesday, people familiar with the matter told Reuters, in a widening of technology sector cuts...
Exclusive-LinkedIn is planning to lay off 5% of staff in latest tech-sector cuts, source says
SAN FRANCISCO, May 13 : LinkedIn is preparing to announce layoffs on Wednesday, two people familiar with the matter told Reuters, in a widening of technology sector cuts this year.The Microsoft-owned social network plans to cut about 5 per cent of staff as it reorganizes teams and focuses employees ...
LinkedIn planning to lay off 5% of staff in latest tech-sector cuts, source says
LinkedIn will cut about 5 per cent of its staff as it reorganises its business, according to reports.
Meta to launch ‘Incognito Chat’ for private AI conversations on WhatsApp
META Platforms is rolling out a new “Incognito Chat” feature for its artificial intelligence assistant on WhatsApp messaging service, the company said...
Meta to launch 'Incognito Chat' for private AI conversations on WhatsApp
May 13 : Meta Platforms is rolling out a new "Incognito Chat" feature for its artificial intelligence assistant on WhatsApp messaging service, the company said on Wednesday, as it looks to address data privacy concerns.Meta said incognito chats will be powered by its private processing tec ...
CNMC receives circular from local Kelantan mining authority to pay higher royalties
The Edge Singapore - CNMC Goldmine Holdings, which operates in Kelantan, says local authorities have raised the royalty rates miners in the state have to pay for their production. The company says it received a circular from the Kelantan State Land and Mines Office stating that with effect from Jan 1, it is to pay a 15% ...
S&P 500 opens muted as hot inflation data signals rates to stay on hold
[NEW YORK] The S&P 500 was subdued at the open on Wednesday (May 13) as hotter-than-anticipated producer prices reinforced bets that the...
