News
Barclays sets new performance goals as 2024 pretax profit rises
BARCLAYS upped its 2025 performance guidance on Thursday (Feb 13) after posting a 24 per cent rise in annual pretax profit for 2024 that beat expectations, as its investment...
Sony hikes profit forecast on strong gaming business
It expects a net profit of 1.08 trillion yen (S$9.44 billion) in the year ending March 31, compared with an earlier projection of 980 billion yenJapanese entertainment and electronics...
Siemens posts better than expected profit despite weakness at factory automation
Siemens reported an 8% drop in industrial profit to 2.52 billion euros (S$3.54 billion), beating forecasts for 2.44 billion eurosSiemens reported better than expected profit for its latest quarter...
Baidu to make AI chatbot Ernie Bot free of charge from Apr 1
CHINESE search engine leader Baidu said on Thursday (Feb 13) it would make its artificial intelligence (AI) chatbot Ernie Bot free starting Apr 1, citing improved technology and reduced...
Asia: Stocks rise, oil falls as Trump fans Ukraine peace hopes
ASIAN markets mostly rose on Thursday (Feb 13) and oil prices extended losses as forecast-topping US inflation was overshadowed by hopes for an end to the Ukraine war after...
Seatrium jumps 6.5% to S$2.45 after MOU with BP
The company will provide engineering, procurement, construction and commissioning services for the Tiber floating production unitSHARES of Seatrium surged on Thursday (Feb 13) after it announced its memorandum of...
Opec warns that US trade policy risks stoking market volatility
ORGANIZATION of the Petroleum Exporting Countries (Opec) warned that President Donald Trump’s trade policies risk stoking volatility in global markets.The new tariffs have “added more uncertainty into markets, which...
Gold inches up on trade war fears, inflation data on tap
GOLD prices edged up on Thursday (Feb 13), as markets tracked developments in US President Donald Trump’s tariff plans, which could ignite a global trade war, while investors awaited...
Nissan and Honda set to update on relationship after merger talks stall
After backing away from merger talks, Nissan is now open to working with new partners, with Taiwan’s Foxconn seen as one candidateNISSAN and Honda are expected to lay out...
Robinhood revenue doubles, fuelled by surge in crypto trading
ROBINHOOD Markets reported revenue that more than doubled as the online-trading firm was buoyed by crypto-market transactions around the US presidential election.Revenue grew to US$1.01 billion in the quarter,...
