News
Bitcoin lags behind gold as Trump’s trade war spurs safe haven demand
After outperforming most asset classes in 2024, Bitcoin now finds itself under pressure as Donald Trump’s White House return and heightened geopolitical instability spark a rush for safe haven...
US: Wall Street slides, Treasury yields rise on mixed data, renewed tariff threats
Wall Street ended sharply lower and benchmark Treasury yields jumped on Friday (Feb 7) in the wake of a mixed US payrolls report, weak consumer sentiment data and revived...
Porsche warns pullback from EVs will drag on profit this year
Challenges with making the jump to EVs has cost the company dearly in China, where deliveries have droppedPORSCHE will take an 800 million euros (S$1.1 billion) hit linked to...
US: Wall St muted at open after jobs data
WALL Street’s main indexes opened flat on Friday (Feb 7), as investors expected the Federal Reserve to take a more cautious stance on interest rates after the latest batch...
Thai billionaire Charoen to retire as Frasers Property chairman; other board changes announced
FRASERS Property announced on Friday (Feb 7) evening that its board chairman, Thai billionaire Charoen Sirivadhanabhakdi, will retire from office on Feb 8, 2025.He will be succeeded by Chumpol...
Creative H1 loss widens to S$6.1 million on higher expenses
Uncertainty over import tariffs by the US and potential retaliatory measures from affected countries may affect consumer demand, says the group on its outlookHOME-GROWN electronics company Creative Technology saw...
NoonTalk Media’s half-year loss narrows to S$0.9 million
ENTERTAINMENT company NoonTalk Media’s net loss for the six months ended Dec 31, 2024, was down to S$0.9 million from the S$1.3 million loss in the previous corresponding period.That...
Maybank upgrades SGX to ‘buy’, raises price target on potentially stronger IPO pipeline, safe-haven factor
MAYBANK upgraded its call for the Singapore Exchange (SGX) to “buy” and raised its price target for the stock on Friday (Feb 7).That comes after SGX on Thursday (Feb...
Ride-hailing platform Lyft ties up with Anthropic for AI-powered customer care
LYFT said on Thursday (Feb 6) that it has tied up with Amazon and Alphabet-backed startup Anthropic to roll out artificial intelligence (AI) tools for the ride-hailing platform’s customer...
YouTube is buying TikTok ads to lure creators before US ban
YOUTUBE is running ads on TikTok targeting the app’s content creators, an effort to lure these valuable users to the Google-owned rival and capitalise on TikTok’s uncertain future.“I never...
