Entrepreneurship
European tech sector sees unexpected rebound on AI windfall
European technology giants are exceeding expectations this quarter, joining financial and healthcare companies as one of the reporting season’s best-performing segments. Buoyed by artificial intelligence (AI) demand, the technology sub-sector...
Hong Kong and Singapore lead Asia’s drive to cash in on crypto boom
Hong Kong and Singapore are the front-runners in a push by Asian governments to become cryptocurrency hubs as they look to capitalise on the global resurgence of the sector...
Wee Ee Cheong raises UOB stake after FY2024 record net profit
OVER the five trading sessions from Feb 14 to Feb 20, institutions were net sellers of Singapore stocks, leading to a net institutional outflow of S$217 million, reversing the...
Boeing’s chief aerospace safety officer set to retire, memo shows
BOEING’S longtime veteran and chief aerospace safety officer, Mike Delaney, will retire later this year, according to a memo seen by Reuters on Friday (Feb 21).The aerospace company in...
Oil settles down US$2, posting weekly loss as Middle East risk premium fades
OIL prices settled down more than US$2 a barrel on Friday (Feb 21), posting a weekly decline as investors grappled with a fading Middle East risk premium alongside uncertainty...
US dollar recovers as markets in consolidation mode; pares gains after data
THE US dollar rose against a broad range of currencies on Friday (Feb 21), partly retracing losses versus the yen as investors consolidated positions ahead of the weekend, looked...
Greenback recovers as markets in consolidation mode; pares gains after data
The US dollar rose against a broad range of currencies on Friday (Feb 21) including the euro, sterling and those tied to commodities such as the Australian dollar, as...
US securities regulator to drop lawsuit against Coinbase, exchange says
COINBASE said on Friday (Feb 21) the US securities regulator planned to withdraw its lawsuit against the crypto exchange, ending a contentious years-long legal battle once considered existential for...
US homebuilders near S&P 500 bottom on high rates and tariff fears
INVESTORS are ditching US homebuilder stocks at a record pace as elevated borrowing costs bruise the industry’s prospects and signal that the shares may have further to fall.
Blows to...
Sats posts 123.5% rise in Q3 net profit on higher business volume, rate increases
CATERING and ground handling company Sats posted a 123.5 per cent increase in net profit to S$70.4 million for the quarter ended Dec 31, 2024, from S$31.5 million a...
