1 day ago
Delfi, with H2 2025 net profit up 46.3%, proposes dividend of US$0.0172 a share
Benjamin Cher - [SINGAPORE] CHOCOLATE confectionery company Delfi on Tuesday (Feb 24) posted a net profit of US$21 million for the six months ended Dec...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Google signs AES, Xcel supply deals to meet data-center energy needs
Feb 24 : Alphabet's Google doubled down on efforts to secure power supply for its data centers across the country by entering into separate agreements with U.S. utilities, AES Corp and Xcel Energy, on Tuesday.Big Tech firms have been scouring for new, reliable and cleaner energy sources to powe ...
1 day ago
Xcel Energy to power new Google data center in Minnesota
Feb 24 : Xcel Energy said on Tuesday it has partnered with Google to power the tech giant's new data center in Pine Island, Minnesota, while contributing 1,900 megawatts of new clean energy to the grid.U.S. power consumption is expected to increase rapidly through this year and the next, driven ...
1 day ago
AI adoption, S$15.1 billion surplus dominate first day of Budget debate
Elysia Tan - Some MPs call for CDC Vouchers scheme to be refined into a recurring one to better reflect household needs
1 day ago
Wall St muted after Anthropic announces new AI tools
[NEW YORK] Wall Street’s main indexes were subdued on Tuesday (Feb 24) as investors assessed Anthropic’s announcement of new AI tools, including...
1 day ago
AMD clinches second mega chip supply deal, this time with Meta
Deal gives Meta the option to buy up to 10% of AMD
1 day ago
Anthropic touts new AI tools weeks after legal plug-in spurred market rout
SAN FRANCISCO, Feb 24 : Artificial intelligence lab Anthropic on Tuesday unveiled 10 new ways for business customers to plug in its technology to key areas of their work, weeks after other releases sparked an aggressive selloff in traditional software company shares.The San Francisco-based startup s ...
1 day ago
AMD secures Meta as next big AI chip customer
Feb 24 : Advanced Micro Devices said on Tuesday it has agreed to sell up to $60 billion worth of artificial intelligence chips to Meta Platforms over five years in a deal that allows the Facebook owner to purchase as much as 10 per cent of the chip firm.The company had signed a similar pact with Ope ...
1 day ago
Fed's Waller doesn't expect AI to blow up job market
Feb 24 : Federal Reserve Governor Christopher Waller said on Tuesday he doesn’t expect the adoption of artificial intelligence technology to totally upend the job market in the U.S.‘I’m not a doom and gloomer” about AI’s economic impact, Waller said in a virtual appearance at a Federal Res ...
1 day ago
Fed's Waller says central bank deploying AI tech cautiously
Feb 24 : Federal Reserve Governor Christopher Waller said Tuesday the U.S. central bank is carefully moving to adopt artificial intelligence technology in a system-wide approach.“We cannot approach AI casually,” and “as a central bank, we hold ourselves to a high standard” when using the tec ...
1 day ago
OKP's 2HFY2025 earnings up 15.3% to $25.1 mil
The Edge Singapore - OKP Holdings has reported earnings of $25.1 million for its 2HFY2025, up 15.3% y-o-y. This brings its full-year net profit to $44.3 million, an increase of 31.3% over the preceding FY2024. Revenue for the second half was up 10.5% to $119.1 million, while its entire FY2025 revenue was up 22.9% to $22 ...
1 day ago
Tata defers call on chairman’s term, signalling new power tussle
The deferment follows a difference of opinion among the board of directors regarding financial losses in some business units
1 day ago
40,000-year-old German artifacts may display written language precursor
WASHINGTON, Feb 24 : A small object called the Adorant figurine discovered in a cave in Germany in 1979 - crafted roughly 40,000 years ago by some of the earliest people to establish a distinct culture in Europe - bears intriguing sequences of notches and dots. Numerous other objects produced by thi ...
1 day ago
Ho Bee Land's FY2025 Patmi falls 9% y-o-y while net profit is down 7% to $102.4 million
The Edge Singapore - Ho Bee Land announced a net profit after tax and minority interest (MI) of $100.2 million, down 9% y-o-y while net profit before MI fell by 7% y-o-y to $102.4 million. Revenue for FY2025 declined by 17% to S$440.1 million. The decrease was primarily due to the deconsolidation of Elementum, lower ren ...
1 day ago
Mooreast returns to profitability with higher revenue and margins
The Edge Singapore - Mooreast Holdings, which specialises in rigging and mooring systems, has reported a turnaround thanks to higher revenue and better margins. Earnings for its 2HFY2025 ended Dec was $106,000, reversing from a loss of just over $1 million in the year-earlier period. This brings its full-year earnings t ...
1 day ago
Warner Bros weighing revised bid from Paramount as bidding war escalates
Feb 24 : Warner Bros Discovery said on Tuesday it was considering a new bid from Paramount Skydance without disclosing the value of the deal, as the CBS owner makes a last-ditch effort to thwart Netflix from buying the coveted Hollywood studio. The latest offer is higher than Paramount's previo ...
1 day ago
Ho Bee Land posts 50% fall in H2 net profit to S$50.4 million
Chloe Lim - The decline follows the deconsolidation of Elementum, decreased rental income and lower settlements of development properties
1 day ago
Stripe valuation jumps to $159 billion in latest employee share sale
Feb 24 : Stripe was valued at $159 billion in a tender offer for employees and shareholders, the fintech firm said on Tuesday, a more than 70 per cent jump from a similar share sale a year earlier.Investors poured $274 billion into startups — the second-highest total on record — last year, as U. ...
1 day ago
Stripe valuation jumps to $159 billion in latest tender offer
Feb 24 : Stripe said on Tuesday a tender offer for employees and shareholders valued the fintech firm at $159 billion, marking a rise of more than 70 per cent from its valuation in a comparable share sale a year ago."Stripe remained robustly profitable, allowing us to continue investing heavily ...
1 day ago
Marco Polo Marine to raise $21 million by placing out new shares at 14.5 cents each
The Edge Singapore - Marco Polo Marine aims to raise some $21 million by placing out new shares at 14.5 cents each so as to fund fleet expansion and renewal. The company has appointed Maybank Securities to place up to 144.9 million shares. The placement price of 14.5 cents is a discount of around 9.994% to the volume-we ...
1 day ago
Info-Tech Systems' FY2025 earnings up 22%, eyes more services revenue
The Edge Singapore - Info-Tech Systems, which provides business management software, has reported 2HFY2025 earnings of $9.9 million, a jump of 73% over the year-earlier half year. This brings its full-year earnings to $15 million, up 22% from the preceding FY2024. If the one-off items such as its IPO expenses were exclu ...
1 day ago
AES Corp signs 20-year power supply deal with Google
Feb 24 : AES Corp said on Tuesday it has signed a 20-year agreement with Google to supply power to the U.S. tech giant's new data center planned in Wilbarger County, Texas.AES said it has also signed deals for energy generation that will be co-located with the new data center and enable Google ...
1 day ago
AES Corp signs power supply agreements for Google data center in Texas
Feb 24 : AES Corp said on Tuesday it has signed agreements to provide energy generation for a new Google data center planned in Wilbarger County, Texas.
1 day ago
Apple to roll out Made in America Mac mini as part of Trump spend push
The latest move comes as part of a US$600 billion US investment
1 day ago
Congo lakes are releasing ancient carbon, raising climate concerns, study says
DAKAR, Feb 24 : Two large lakes in the Democratic Republic of Congo are releasing carbon that has been locked away for thousands of years in surrounding peatlands, scientists said, in what could pose a threat to climate stability. Tropical peatlands, which play a crucial role in climate regulation, ...
1 day ago
UK privacy watchdog fines Reddit $20 million over children’s data failures
LONDON, Feb 24 - Britain's privacy watchdog on Tuesday said it had fined social media platform Reddit 14.47 million pounds ($19.52 million) for failures related to children's privacy.The Information Commissioner's Office said the company broke the rules by not checking children's ...
1 day ago
Reddit fined $20 million in UK over children's data failures
LONDON, Feb 24 : Britain's privacy watchdog on Tuesday fined social media platform Reddit 14.47 million pounds ($19.52 million) for using children's data unlawfully and potentially exposing them to harmful content. The action comes as Britain considers tighter limits on children's us ...
1 day ago
North Gaia EC sales boost Sing Holdings H2 net profit to S$138.2 million; special dividend planned
Chloe Lim - Developer plans new mega project of more than 1,000 units on two Chuan Grove sites that will be amalgamated
1 day ago
Sing Holdings posts record H2 net profit of S$138.2 million on sales proceeds from North Gaia project
Chloe Lim - The board has proposed a final dividend of S$0.01 per share and a special dividend of S$0.04 per share
1 day ago
OUE Reit to acquire a 19.9% interest in Salesforce Tower in Sydney for S$175 million
Benjamin Cher - The stake will be will be acquired at an agreed property price of about S$319.8 million
1 day ago
Del Monte Pacific reaches settlement with US unit’s creditors, is not expected to recover equity interests
Benjamin Cher - The settlement and sale of the assets of Del Monte Foods are the required milestones in order for it to file for...
1 day ago
The Trendlines Group reports net profit of US$1.9 mil in FY2025
Teo Zheng Long - The Trendlines Group (SGX: 42T ) (Trendlines) has reported net profit attributable to equity holders of US$1.9 million in FY2025, ended Dec 31, 2025, compared to a loss of US$9.4 million a year ago. The turnaround in the company’s bottom line was largely attributable to a net gain of US$7.1 millio ...
1 day ago
Investors enjoying the ride with new digital-focused leagues
LONDON, Feb 24 : Sports investors diversifying into emerging new small-sided, digital-focused soccer leagues are enjoying the ride so far, with audience figures and global reach expanding - but questions remain over the format's long-term viability. Seeking to offer an alternative to tradition ...
1 day ago
OUE REIT plans to acquire 19.9% of Salesforce Tower for $319.8 million
The Edge Singapore - OUE REIT has entered into a share and unit sale agreement with Mitsubishi Estate Co (MEC) to acquire a 19.9% interest in Salesforce Tower, a freehold 55-storey prime commercial tower in Circular Quay located at 180 George Street, Australia at an agreed property price of A$357.2 million (approximatel ...