Uber targets US$1 billion boost with 2026 European expansion
The company expects the move to generate an additional US$1 billion in gross bookings over the next three years Uber plans to expand its food-delivery business into seven new…
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Fashion
A family fights to keep control of 157-year-old firm in Japan
Nearly half of Japan’s listed companies are tied to a founding family, many of which no longer have enough equity to guarantee control Ishikawa is a remote, mountainous prefecture…
Rampant AI demand for memory is fuelling a growing chip crisis
The fundamental reason for the squeeze is the buildout of artificial intelligence data centres A growing procession of tech industry leaders, including Elon Musk and Tim Cook, are warning…
US forces board second sanctioned oil tanker in Indian Ocean
US military boarded an oil tanker in the Indian Ocean after tracking the vessel for thousands of miles, saying it tried to circumvent President Donald Trump’s energy blockade…
A lot of bull: As STI breaches 5,000, what more can we call for?
We should shift the whole market to unit shares, and get rid of the inefficient odd lot market that investors are sometimes forced into THE Straits Times Index (STI) crossed the 5,000 mark…
Positive reaction to market reforms opens door to broader enhancement of growth capital sector
The result could be a bigger pipeline of new listings, and some struggling listed companies going private Back in November, this column said the Monetary Authority of Singapore (MAS) ought…
Visa-only Games highlights Europe’s payments headache
Anyone trying to buy a souvenir at the official Olympic stores at the Milano Cortina Games will have been exposed to an issue troubling Europe’s policymakers: the dominance of…
Carry trade, commodities make EM currencies more stable than G7
Weaker US dollar and expectations for gradual Federal Reserve easing have reduced pressure on developing markets GING market currencies are proving more stable than those in…
India central bank allows lenders to fund up to 75% in M&A deals
Financing can only take place when a firm ‘already holds control’ over the target company, says RBA A’s central bank will allow lenders to finance up to 75 per cent of the…
GuocoLand chairman Quek Leng Chan builds interest
Over the five sessions spanning Feb 6 to 12, six primary-listed companies conducted buybacks with a total consideration of S$13.2 million For the five trading sessions spanning Feb 6 to…
China’s stock bull run falters with earnings set to underwhelm
Investors are wary that the Chinese New Year holiday spending may not be enough to reignite a rally A WORSENING earnings picture is darkening the outlook for Chinese equities,…
Wall Street banks are paying their CEOs like it’s 2006 again
Chief executives all received annual compensation of at least US$40 million, with their total pay surpassing records set in 2006 and 2021 R years of restraint following the…
Gold reclaims US$5,000 as cooling inflation lifts Fed easing bets
Gold advanced as traders raised bets on US Federal Reserve rate cuts after a tame inflation reading, with some investors taking advantage of Thursday’s (Feb 12) sharp sell-off to…
Ford CEO, Trump officials discussed China-US carmaking JVs
These would be structured so that both the Chinese and US partners would share profits and technology, say sources Ford Motor’s top executive spoke to senior Trump administration officials…
Nvidia’s Jensen Huang falls out of world’s 10 richest ranking
Three members of Walmart’s founding Walton family overtake the tech billionaire A weeks-long hot streak for Walmart shares has vaulted three members of the founding Walton family…
Singapore’s GIC pulls US$250 million from hedge fund Jain Global: sources
Singapore’s sovereign wealth fund GIC has pulled cash from Jain Global, roughly 18 months after backing one of the biggest startups in hedge fund history. GIC has redeemed US$250…
Oil prices settle slightly higher
Oil prices settled marginally higher on Friday (Feb 13) after data showed an overall slowdown in US inflation, helping offset supply concern as Oprc+ is leaning towards a…
US: S&P 500 ends up slightly as tech dips, inflation cools
The S&P 500 closed barely higher on Friday (Feb 13), with technology and communications services down on nagging fears of artificial intelligence (AI)-disruption but equities drew…
Rivian finds a way to shine even as the EV market struggles in the dark
Rivian shocked the market with strong earnings results, proving itself an outlier in the electric vehicle market, which has been struggling with the end of government subsidies and cooling…
Parents who blame Snapchat for their children's deaths protest outside company's headquarters
Standing in front of Snap’s Santa Monica offices, parents clutched photos of their children who died from taking fentanyl-laced pills facilitated through the disappearing messages of the…
US: Wall Street muted as markets assess softer-than-expected inflation data
Wall Street’s main indexes were muted on Friday (Feb 14), with communication services weighing as markets assessed softer-than-expected inflation data that kept Federal Reserve rate cut…
ThaiBev Q1 Ebitda up 1.8% at 16.7 billion baht despite lower revenue
Mainboard-listed Thai Beverage (ThaiBev) on Friday (Feb 13) said its sales revenue for the first quarter ended Dec 31, 2025 fell by 6 per cent to 86.7 billion baht (S$3.5 billion) from…
GDS-backed DayOne to pick banks for US$5 billion US IPO, sources say
DayOne Data Centers has selected banks to help arrange a US initial public offering (IPO) that may raise about US$5 billion, sources said. The Singapore-based data centre operator…
Ong Beng Seng’s HPL to report net loss for FY2025 as finance costs remain high
Hotel Properties Ltd (HPL), owned by real estate magnate Ong Beng Seng, is expected to post a net loss for the financial year ended Dec 31, 2025. Despite higher revenue, finance costs…