1 day ago
Frasers Property defends turf with S$391.9 million acquisition of The Centrepoint rear block
Chong Xin Wei - [SINGAPORE] In a move that comes as little surprise to the market, Frasers Property has snapped up the rear block of The...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Frasers Property poised for rejuvenation of Centrepoint after buying 'rear plot' for $391.9 mil
The Edge Singapore - Frasers Property is paying $391.9 million, or $2,577 psf ppr for the rear plot of The Centrepoint, which will complete its full ownership of the Orchard Road property. The developer can thus maximise the potential of this site, with an eye on "national plans" to rejuvenate the Orchard Road ...
1 day ago
PropNex H2 profit up 28.3% at S$28.1 million; FY2025 earnings up 72% on record high revenue
Therese Soh - Its dividend for FY2025 stands at a record S$0.095 per share
1 day ago
PropNex H2 profit up 28.3% at S$28.1 million
Therese Soh - Its dividend for FY2025 stands at a record S$0.095 per share
1 day ago
Daiwa House Logistics Trust reports FY2025 DPU of 4.33 cents, down 9.6% y-o-y
Teo Zheng Long - Daiwa House Logistics Trust (SGX: DHLU ) (DHLT) has reported distribution per unit of 4.33 cents for FY2025, ended Dec 31, 2025, down 9.6% y-o-y Net property income (NPI) was at $44.2 million, up 0.7% y-o-y. The slightly higher NPI was due to contribution from DPL Gunma Fujioka and full year contrib ...
1 day ago
Binance cannot arbitrate customer claims over crypto losses, US judge rules
NEW YORK, Feb 26 : A federal judge on Thursday rejected Binance's request that customers who accused the world's largest cryptocurrency exchange of illegally selling unregistered tokens that lost much of their value arbitrate their claims.U.S. District Judge Andrew Carter in Manhattan said ...
1 day ago
CLAR acquiring a logistics portfolio in Spain for $185.4 million
The Edge Singapore - CapitaLand Ascendas REIT (CLAR) is acquiring a logistics portfolio in Spain for $185.4 million, which is expected to be accretive to its DPU. The portfolio comprises two Grade A logistics assets in Madrid and four logistics properties in Barcelona. Assuming the acquisition was completed on Jan 1 202 ...
1 day ago
Tokyo Feb core CPI rises 1.8% yr/yr
TOKYO, Feb 27 : Core consumer prices in Tokyo rose 1.8 per cent in February from a year earlier, government data showed on Friday.The core consumer price index for Japan’s capital, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 1.7 ...
1 day ago
In a 'year of reflection' and 'resilience', CDL's 2HFY2025 earnings up 374.3% to $538.5 mil
The Edge Singapore - City Developments has reported earnings of $538.5 million for its 2HFY2025, an increase of 374.3% y-oy, bringing full year earnings to $629.7 million, a jump of 212.8%. Revenue for the full year was up 9/7% to $3.59 billion. The better numbers were driven by "robust" residential sales in S ...
1 day ago
Google signs multibillion-dollar AI chip deal with Meta, Information reports
Feb 26 : Meta Platforms has signed a deal to rent Google's AI chips, known as tensor processing units, to develop new AI models, the Information reported on Thursday, citing a person involved in the talks.The multi-year deal is worth billions of dollars, the report added.Meta and Google did not ...
1 day ago
Meta signs multi-billion-dollar deal to rent Google AI chips, The Information reports
Feb 26 : Meta Platforms has signed a multi-billion dollar deal to rent artificial intelligence chips from Google to develop new AI models, The Information reported on Thursday, citing a person involved in the talks.The report of the multi-year deal comes as companies pour billions into chips and AI ...
1 day ago
JPMorgan sees crypto boost if market-structure bill passes
The Clarity Act is part of a broader push in Congress to create a comprehensive regulatory framework for digital assets
1 day ago
PropNex delivers record revenue, profit and dividends to start Year of the Horse
Lin Daoyi - With Singapore property entering a “goldilocks” phase, local property agency PropNex has reported a record $1.12 billion in revenue for FY2025 ended Dec 31, a 42.6% y-o-y jump from FY2024. Correspondingly, net profit attributable to shareholders surged 72% y-o-y to $70.4 million. The strong perf ...
1 day ago
Jack Dorsey’s Block slashes nearly half its staff in AI bet
The reduction in force comes after rolling job eliminations that have often been tied to annual performance reviews
1 day ago
Anthropic CEO says company cannot accede to Pentagon's request in AI safeguards dispute
Feb 26 : Anthropic cannot accede to the Pentagon's request in an AI safeguards dispute despite threats to remove the company from the Department of Defense's systems, the AI firm's CEO, Dario Amodei, said on Thursday.The Pentagon's dispute with Anthropic stems from the AI startup ...
1 day ago
Anthropic rejects Pentagon's requests in AI safeguards dispute, CEO says
Feb 26 : Anthropic cannot accede to the Pentagon's requests in an AI safeguards dispute, the AI firm's CEO Dario Amodei said on Thursday.
1 day ago
Anthropic cannot accede to Pentagon's request in AI safeguards dispute, CEO says
Anthropic said it would not accede to the Pentagon's request to eliminate safeguards from its AI systems, despite threats to deem the company a "supply chain risk" and remove it from the Department of Defense's systems, putting a US$200 million contract at risk.The Pentagon' ...
1 day ago
Netflix declines to raise offer for Warner Bros
Feb 26 : Netflix said on Thursday it will not raise its offer for Warner Bros Discovery after the HBO Max owner's board determined that Paramount Skydance's latest proposal was a "Superior Proposal" to the streaming pioneer's existing merger agreement.
1 day ago
ST Engineering reports FY2025 earnings of $462.8 mil; $850.8 mil if one-offs are excluded
The Edge Singapore - With one-off items including a mix of impairment of its satcom business, versus gains from divestments, Singapore Technologies Engineering has reported FY2025 earnings of $462.8 million, down 34.1% from FY2024's $702.3 million. In summary, the company booked impairment losses of $689 million an ...
1 day ago
OpenAI outlines steps to boost safety measures in response to Canada school shooting
TORONTO, Feb 26 : OpenAI said on Thursday that it will set up a direct point of contact with Canadian law enforcement and improve detection of repeat policy violators, among steps to boost its safety protocols in the wake of a recent school shooting in Canada.The ChatGPT maker detailed the steps in ...
1 day ago
Smartphone market set for biggest-ever decline in 2026 on memory price surge: IDC
The research firm expects a modest 2% recovery in 2027 as the crisis eases
1 day ago
Betting giant Flutter forecasts 2026 profit far below estimates on US challenges
DUBLIN, Feb 26 : FanDuel-owner Flutter forecast modest profit growth for 2026 far below analyst expectations due to challenges in the betting giant's main U.S. market compounded by its misfiring attempts to win customers over with promotions and bonuses. The world's largest online betting ...
1 day ago
Exclusive-ASML says next-gen EUV tools ready to mass-produce chips, marking key shift for AI chip production
SAN JOSE, California, Feb 26 : ASML Holding's next-generation chipmaking machine is ready for manufacturers to start bringing it into use for production at high volumes, a senior executive told Reuters, a big step for the chip industry.The Dutch company produces the world's only commercial ...
1 day ago
Oil settles down after choppy session as traders follow US, Iran talks
The United States and Iran held indirect talks in Geneva on Thursday over their long-running nuclear dispute to avert a conflict
1 day ago
Jack Dorsey’s Block to cut nearly half its workforce in AI overhaul, shares surge
Feb 26 : Block on Thursday said it will cut over 4,000 jobs, nearly half its workforce, as advances in AI reshape how it builds and runs its business, sending its shares up 23 per cent in after-hours trading.The layoffs signal how the AI boom is translating from hype into workforce changes, fueling ...
1 day ago
Wall St ends lower as tech rally stalls, AI fervour wanes after Nvidia results
All three major US stock indexes are on track for modest weekly losses
1 day ago
European shares retreat from record high, upbeat corporate earnings offset tech declines
Gains in industrial stocks capped declines
1 day ago
Netflix backs away from its offer to buy Warner Bros
Feb 26 : Paramount Skydance emerged as the likely winner in a months-long battle to acquire Warner Bros. Discovery, after streaming giant Netflix on Thursday refused to raise its bid for the storied Hollywood studio.Netflix shares rose 10 per cent in extended trading. "We've always been di ...
1 day ago
Netflix declines to raise offer after Warner Bros says Paramount bid superior
Feb 26 : Netflix on Thursday signaled it was backing away from its offer to buying Warner Bros Discovery's streaming and studio assets, saying the deal was no longer financially attractive after Paramount Skydance revised its offer for the coveted Hollywood studio to $31-a-share offer. Shares o ...
1 day ago
Warner Bros says Paramount bid superior, countdown begins for Netflix response
Feb 26 : Warner Bros Discovery said Paramount's revised $31-a-share offer was superior to its existing deal with Netflix, giving the streaming giant four business days to respond or walk away from the bidding war for the coveted Hollywood studio. The high-stakes battle could be in its final str ...
1 day ago
Brinks to acquire NCR Atleos in $6.6 billion deal
Feb 26 : Brinks Co will acquire NCR Atleos in a cash-and-stock deal valued at about $6.6 billion, the digital retail solutions provider said on Thursday. Brink's will acquire each outstanding share of NCR Atleos for $30.00 in cash and 0.1574 shares of its common stock.The deal has been approved ...
1 day ago
Coupang misses quarterly revenue estimates, hurt by data breach fallout
Feb 26 : E-commerce giant Coupang Inc on Thursday reported fourth-quarter revenue below analysts' estimates, hurt by the fallout from a data breach.Revenue for the October-December period came in at $8.8 billion, compared with an $8.9 billion forecast from LSEG SmartEstimate, which is weighted ...
1 day ago
Coupang swings to a loss as South Korea data breach hurts fourth quarter
Feb 26 : E-commerce giant Coupang swung to a fourth-quarter loss on Thursday and reported revenue below analysts' estimates, hurt by the fallout from a data breach in South Korea.Coupang Korea, which generates more than 90 per cent of the group's total revenue, has faced a public backlash ...
1 day ago
CoreWeave beats quarterly revenue estimates on strong AI-related demand
Feb 26 : CoreWeave beat Wall Street estimates for quarterly revenue on Thursday, benefiting from the artificial intelligence boom that has driven companies to its platform for the massive computing power needed to train and deploy advanced AI models.However, shares of the company fell 5 per cent aft ...