Posts by Liam Redmond
Germany’s DB Cargo plans 6,000 job cuts in bid to return to profit
DB Cargo is the market leader, but its competitors are catching up with a combined market share of around 60% Published Thu, Feb 19, 2026 · 09:54 PM [BERLIN] German railway operator Deutsche Bahn’s struggling freight business DB Cargo plans to cut 6,000 jobs, nearly half of the workforce, by 2030 as part of a…
Read MoreSIA Engineering Q3 net profit rises 9.7% to S$41.9 million on steady MRO demand
Revenue is up 8.7% at S$353.1 million, while expenditure rises 8.4% to S$347.1 million [SINGAPORE] Aircraft maintenance provider SIA Engineering Company (SIAEC) reported a net profit of S$41.9 million for the third quarter ended Dec 31, 2025, up 9.7 per cent from S$38.2 million in the year-ago period. SIAEC said in a bourse filing on…
Read MoreBillionaires Spielberg, Zuckerberg eyeing East Coast, stirring concerns about California’s wealth-tax proposal
California may be losing two of the state’s most famed residents and generous political donors. Filmmaker Steven Spielberg recently moved to New York and Facebook co-founder Mark Zuckerberg is eyeing purchasing a new property in Florida, stirring speculation about whether their decisions are tied to a proposed new tax on California billionaires to fund healthcare…
Read MoreSingapore stocks rise, tracking regional gains; STI up 1.3%
Across the broader market, gainers outnumber decliners 316 to 142, after 1.4 billion securities worth S$2.1 billion change hands [SINGAPORE] Local stocks finished stronger on Thursday (Feb 19), tracking regional gains and following a strong rebound in technology shares on Wall Street. The benchmark Straits Times Index (STI) gained 1.3 per cent or 62.98 points…
Read MoreLTA awards two Downtown Line extension contracts worth S$735 million
Construction works for the new stations are expected to start in the second quarter of 2026 [SINGAPORE] The Land Transport Authority (LTA) on Thursday (Feb 19) announced that it has awarded two civil contracts worth S$735 million in total for the extension of the Downtown Line. Woh Hup Engineering won the first contract – worth…
Read MoreRio Tinto misses annual profit view on iron ore challenges
Weaker iron ore prices weigh on its core business, but copper prices having risen 8% in 2025 blunt the impact of iron ore prices on its earnings Published Thu, Feb 19, 2026 · 05:18 PM [LONDON] On Thursday (Feb 19), Rio Tinto missed expectations for its annual underlying profit as weaker iron ore prices amid…
Read MoreDBS upgrades Genting to ‘buy’ amid huge cash reserves, constructive gaming environment
It has issued a target price of S$0.90, 12.5% above its closing price of S$0.80 on Thursday [SINGAPORE] DBS has upgraded its rating on Genting Singapore to a “buy” call, citing its cash reserves as having potential to drive shareholder value. The bank assigned the operator of Resorts World Sentosa a target price of S$0.90,…
Read MoreBank Indonesia holds rates steady, focus remains on rupiah
Published Thu, Feb 19, 2026 · 04:06 PM [JAKARTA] Indonesia’s central bank held rates unchanged for a fifth straight policy review on Thursday (Feb 19), as expected, saying its focus was on stabilising the rupiah currency while continuing to assess the impact of its past rate cuts on the economy. Bank Indonesia (BI) kept the…
Read MoreSea and Google ink partnership to develop AI-powered tools
[SINGAPORE] Sea and Google inked a partnership on Thursday (Feb 19) to develop artificial intelligence (AI) tools for gaming, e-commerce and payments. “This partnership with Google on AI will drive innovation in the business application of the technology at scale, and enable us to make AI more accessible to the digitally underserved in our markets,”…
Read MoreAirbus softens output goal amid Pratt & Whitney engine delays
The two companies have said they have yet to conclude an agreement on volumes for either 2026 or 2027 Published Thu, Feb 19, 2026 · 01:52 PM [PARIS] Airbus softened its main jet production target on Thursday (Feb 19), citing “significant shortages” of engines from one of its main suppliers, RTX unit Pratt & Whitney,…
Read MoreStanChart Singapore rolls out first ESG-linked cash account for a local company
It integrates STT GDC’s key ESG performance indicators and sustainability performance targets to reward progress [SINGAPORE] Standard Chartered (StanChart) Singapore said on Thursday (Feb 19) that it has structured its first environmental, social and governance (ESG)-linked cash account for Singapore-incorporated client ST Telemedia Global Data Centres (STT GDC). The cash account integrates STT GDC’s key…
Read MoreOpenAI to partner with Tata for AI data centre buildout in India
One pillar of the agreement will be TCS’s development of a 100 megawatt data centre that may be expanded to one gigawatt Published Thu, Feb 19, 2026 · 12:57 PM [NEW DELHI] OpenAI is partnering Tata Group in India on artificial intelligence (AI) technologies, including data centre infrastructure that could become one of the largest…
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