Business
ServiceNow strong results overshadowed by AI disruption fear
Like its peers, the company has worked to weave generative AI features through its tools and charge more for them ServiceNow gave a sales…
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Business
Business
DBS, OCBC, UOB target prices climb as banks hit record highs
Analysts are ratcheting up target prices for local lenders as their shares and the benchmark Straits Times Index (STI) scaled new peaks.…
Business
EXCLUSIVE: Interparfums Inc. Picks Up Licenses for David Beckham, Nautica
Authentic Brands Group has selected a previous collaborator to hold the fragrance licenses for David Beckham and Nautica. Interparfums…
Business
Nomura beats Goldman to top spot in a record year for Japan M&A
Foreign securities firms have secured numerous deals involving investments in the US, fuelled by the AI and semiconductor boom Nomura…
Business
Samsung’s profit triples to record high as AI boom exacerbates chip shortage
Samsung Electronics said its operating profit more than tripled to a record high in the fourth quarter, as the race to build artificial…
Business
Samsung sees strong AI demand after profit triples to record high
— Samsung Electronics said its operating profit more than tripled to a record high in the fourth quarter and forecast strong chip demand…
Business
Singapore’s AI growth lies in infrastructure: OCBC
OCBC Investment Research analysts name 10 SGX-listed companies that will do well amid the boom in AI As the United States and China fight…
Business
Nvidia helped DeepSeek hone AI models later used by China’s military, lawmaker says
Nvidia’s H800 chip was designed for the China market and sold there before H800s were put under US export controls chipmaker Nvidia helped…
Business
Tesla revenue beats estimates despite weaker vehicle deliveries
The company’s vehicle business has been under strain as rivals roll out newer models, often at lower prices Tesla beat Wall Street…
Business
SpaceX weighs June 2026 IPO at US$1.5 trillion valuation: report
Elon Musk’s SpaceX is weighing a mid-June initial public offering (IPO), aiming to raise as much as US$50 billion at a valuation of…
Business
Microsoft’s rising spending, slight cloud beat fan AI payoff worries
OSOFT only edged past estimates for quarterly revenue in its crucial cloud-computing business on Wednesday and ramped up spending on…
Business
Microsoft capital spending jumps, cloud revenue fails to impress
The tie-up with OpenAI, once an edge, now faces risks as Google’s Gemini wins clients like Apple — Microsoft said on Wednesday (Jan 29) it…
Business
Tesla reveals plans for US$2 billion investment in Musk’s xAI
Tesla revealed plans to invest US$2 billion into chief executive officer Elon Musk’s artificial intelligence (AI) company, xAI, while…
Business
IBM posts revenue that tops estimates on software gains
Investors have been enthusiastic about the strategy as software has provided an increasingly share of the company’s sales International…
Business
European shares slip as luxury stocks struggle
PEAN shares fell on Wednesday, weighed down by a slide in luxury stocks, while caution prevailed ahead of a run of tech sector results and…
Business
US stocks: S&P 500 dips slightly after Fed keeps rates steady as expected
S&P 500 closed slightly lower and the Nasdaq advanced modestly on Wednesday as investor reactions were muted after the Federal Reserve…
Business
US Fed holds rates steady, sees ‘elevated’ inflation and stabilising job market
The US Federal Reserve held interest rates steady on Wednesday, citing still-elevated inflation alongside solid economic growth, and…
Business
S&P 500 crosses 7,000 ahead of Fed decision, Big Tech earnings
The S&P 500 opened at 7,000 mark on Wednesday (Jan 28), while the Nasdaq inched towards a record high, fuelled by a gain in chip stocks…
Business
Transforming Urban Ecosystem: AI-Powered Smart Cities Redefining Mobility
Thanks to rapid advancements in IoT, edge computing, and artificial intelligence, the global smart city market is entering a…
Business
Starbucks beats Q1 global comparable sales estimate as demand rebounds
Comparable sales rose 4% in North America, marking their first gains in nearly two years Starbucks reported a bigger-than-expected rise in…
Business
13 SGX counters qualify for reduced board lot size
The Singapore Exchange (SGX) has confirmed that 13 stocks qualify for reduced board lot sizes under a proposal that aims to make share…
Business
Mapletree Industrial Trust Q3 DPU falls 7% to S$0.0317
The manager has a divestment target of between S$500 million and S$600 million in North America Mapletree Industrial Trust (MIT) posted a…
Business
Ho Bee Land appoints Li Xiangrun as new CFO
Ho Bee Land has promoted its current head of finance, Li Xiangrun, to chief financial officer effective Feb 1. The position is currently…
Business
Data Centers Are Not “Campuses”
In recent months, a particular word has begun to circulate with striking insistence in press releases across the United States. Technology…