Business
Nomura soars to 16-year high as profit jump cements recovery
NOMURA Holdings’s shares jumped to their highest in 16 years after Japan’s biggest brokerage doubled third-quarter profit and beat market…
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Business
Business
Workday to cut nearly 2,000 workers on profit focus
WORKDAY is cutting about 8.5 per cent of its workforce, making it the latest technology company to begin 2025 with headcount reductions.…
Business
BlackRock to list Bitcoin exchange-traded product in Europe
BLACKROCK, the world’s largest asset manager, is preparing to list an exchange-traded product (ETP) tied directly to Bitcoin in Europe,…
Business
Michael Saylor’s Strategy has another loss before accounting shift kicks in
MICHAEL Saylor’s Strategy, the new name announced earlier today for MicroStrategy, had a fourth consecutive quarterly loss as the company…
Business
Best Jobs for Empaths: Where Feelings Meet Finance
Ever feel like you soak up the emotions around you like a sponge? You might be an empath. For folks who feel the world deeply, finding a…
Business
Gold firms near record peak as trade war concerns linger
GOLD prices inched higher on Thursday (Feb 6) to hover near an all-time high hit in the last session, as Sino-US tariff war concerns…
Business
Singapore shares rise at Thursday’s open; STI up 0.4%
SINGAPORE shares started trading in positive territories on Thursday (Feb 6), mirroring global markets. As at 9.01 am, the Straits Times…
Business
Singapore shares rise as tariff concerns fade; STI up 0.4%
Across the broader market, gainers beat losers 352 to 186, after 1.3 billion securities worth S$1.1 billion change hands BUOYED by fading…
Business
US Federal Reserve releases its Wall Street bank stress-test plans
THE US Federal Reserve released hypothetical scenarios for its annual stress tests, which seek to evaluate the resilience of big banks and…
Business
Amazon’s cloud business faces crucial test after rivals Microsoft, Google stumble
THE pressure is on Amazon.com to deliver on lofty expectations for cloud computing in its fourth-quarter results on Thursday (Feb 6),…
Business
Google introduces new class of cheap AI models as cost concerns intensify
The tech giant offers several versions of Gemini that vary in price and performance ALPHABET’S Google on Wednesday (Feb 5) announced…
Business
CapitaLand China Trust’s H2 DPU falls 12% to S$0.0264
THE manager of CapitaLand China Trust (CLCT) on Thursday (Feb 6) posted a 12 per cent decline in distribution per unit (DPU) to S$0.0264…
Business
Sonos cuts 12% of workers in bid to improve product organisation
Sonos said it’s cutting about 12 per cent of its staff, or 200 workers, in a bid to make its product teams “flatter, smaller and more…
Business
Stocks to watch: SGX, CLCT, CapitaLand China Trust, Frasers Hospitality Trust
THE following companies saw new developments that may affect trading of their securities on Thursday (Feb 6): Singapore Exchange: The…
Business
SGX’s H1 net profit rises 20.7% to S$340 million following high growth in all revenue segments
THE Singapore Exchange (SGX) on Thursday (Feb 6) posted a net profit of S$340 million for the first half ended December, up 20.7 per cent…
Business
SoftBank nears deal to acquire chip designer Ampere
SOFTBANK Group is in advanced talks to acquire Ampere Computing, sources familiar with the matter said. The Japanese company is discussing…
Business
Coffee soars to record US$4 mark as supply fears power rally
Fears have grown about future output in top-grower Brazil after a prolonged drought ARABICA coffee topped US$4 per pound in New York for…
Business
Forever 21 considers bankruptcy filing if asset-sale plans fail
FOREVER 21 is considering multiple options to turn around its business, which could include a second bankruptcy filing, according to…
Business
Is Guess Inc. Revving Up Its Acquisition Engine?
Andrew Rosen seems to be settling in at Guess Inc. The veteran fashion investor brought Rag & Bone to the company last year, staying on as…
Business
Simon Posts Solid Year-end Results, Cites Robust Agenda on Redevelopments
Simon Property Group, energized by its strong 2024 financial performance and healthy balance sheet, has a “big program” ahead for…
Business
Why Sabana Reit should hold off on asset sales for now
Such action would have been more appropriate when Sabana Reit tried to merge with ESR Reit in 2020, or when it first started the perilous…
Business
New Aga Khan named as Prince Rahim Al-Hussaini
Prince Rahim Al-Hussaini has been named the new Aga Khan, spiritual leader of millions of Shia Ismaili Muslims around the world. He will…
Business
EXCLUSIVE: Cosnova Sales Surpass $1 Billion in 2024
PARIS — Cosnova sped past the $1 billion sales mark last year. The German beauty company, best known for its affordable makeup brands…
Business
Vanguard’s record fee cuts tighten screws on BlackRock, Invesco
VANGUARD Group’s biggest salvo yet in its campaign to cut fees for the investing masses presents industry rivals with a painful choice.…