Posts by Swedan Margen
Australia’s central bank will raise rates again if inflation becomes entrenched, governor says
Published Thu, Feb 12, 2026 · 08:15 AM [SYDNEY] Australia’s central bank will raise rates again if inflation becomes entrenched, its governor said on Thursday, having just delivered the first rate rise in two years last week. Reserve Bank of Australia Governor Michele Bullock said it was, however, not clear at the moment that bringing…
Read MoreStarHub H2 net profit more than halves to S$38.5 million; guides lower earnings in FY2026
[SINGAPORE] StarHub posted net profit of S$38.5 million for its second half ended Dec 31, 2025, a 50.9 per cent decline from S$78.4 million in the year-ago period. This translated to an earnings per share (EPS) of S$0.019, down 55.3 per cent from S$0.043 in H2 2024. Its H2 revenue stood at S$1.2 billion, down…
Read MoreFar East Hospitality Trust H2 DPS down 7.7% at S$0.0192
For the half year, income available for distribution rose 13% to S$37 million, from S$32.7 million previously [SINGAPORE] The manager of Far East Hospitality Trust (FEHT) posted a distribution per stapled security (DPS) of S$0.0192 for its second half ended Dec 31, 2025, a 7.7 per cent decline from S$0.0208 in the previous corresponding period.…
Read MoreGrab in black for first time as Q4 earnings drive full-year profit to US$268 million
Super app company announces US$500 million share buyback plan; acquires US-based digital financial services provider Stash [SINGAPORE] Grab announced its first year in the black with FY2025 earnings of US$268 million on Thursday (Feb 12), turning around from a loss of US$105 million in FY2024. The US$171 million in earnings for Q4 FY2025 was over…
Read MoreKKR sees no let-up in AI-driven infrastructure boom after STT GDC deal
Deep pools of private capital are chasing data centres, one of Asia’s most capital-intensive asset classes [SINGAPORE] Digital infrastructure is soaking up enormous amounts of capital, with most of that money going to data centres, thanks to the insatiable demand for artificial intelligence. Case in point: the KKR-Singtel acquisition of ST Telemedia Global Data Centres…
Read MoreMiran says he’d love to stay at Federal Reserve, supports more rate cuts
Published Thu, Feb 12, 2026 · 06:46 AM FEDERAL Reserve Governor Stephen Miran on Wednesday said he would be “very happy” to stay on at the central bank longer term if asked, but the decision is not up to him. Miran’s term expired on Jan 31, and though he can stay in it until a…
Read MoreInstagram‘s top executive grilled over safety decisions at trial
Published Thu, Feb 12, 2026 · 06:35 AM [LOS ANGELES] The top executive at Meta Platforms’ Instagram defended the social media platform’s choices around features that some company insiders called harmful to young users, at a trial on claims the app helped fuel a youth mental-health crisis. Adam Mosseri, the head of Instagram, is testifying in Los Angeles…
Read MoreInstagram boss defends app from witness stand in trial over alleged harms to kids
A Los Angeles County Superior Court judge threatened to throw grieving mothers out of court Wednesday if they couldn’t stop crying during testimony from Instagram boss Adam Mosseri, who took the stand to defend his company’s app against allegations the product is harmful to children. The social media addiction case is considered a bellwether that…
Read MoreMcDonald’s beats quarterly global sales estimates as value bets pay off
The fast food chain is also delving deeper into the fast-growing beverage segment Published Thu, Feb 12, 2026 · 06:18 AM MCDONALD’S topped Wall Street estimates for fourth-quarter global comparable sales and profit on Wednesday, as meal deals and strong marketing promotions pulled in budget-strapped US diners and demand held firm in Australia and Britain.…
Read MoreANZ Group cash profit jumps 17% as cost cuts take hold
The Australian bank said more than 60 per cent of the 3,500 job cuts it previously announced had taken place Published Thu, Feb 12, 2026 · 06:07 AM ANZ Group said on Thursday its first-quarter cash profit rose 17 per cent from its second-half 2025 quarterly average excluding significant items, showing early benefits from a…
Read MoreOil up 1% as Middle East tension offsets large US crude stocks build
Published Thu, Feb 12, 2026 · 05:58 AM [NEW YORK] Oil prices gained about 1 per cent on Wednesday, as investors worried about escalating tensions between Iran and the US, which were preparing to resume negotiations, while a weekly report showing a large build in US crude inventories limited gains. Brent crude oil futures settled 60 cents, or 0.87…
Read MoreEuropean shares hit record high as energy stocks surge; tech, financials stumble
Published Thu, Feb 12, 2026 · 05:51 AM EUROPEAN shares closed at a record high on Wednesday, as gains in commodity-related stocks offset weakness in technology and financials, while investors assessed a strong US jobs report. The pan-European Stoxx 600 index finished 0.1 per cent higher at 621.58 points, having also marked an intra-day record. The benchmark…
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