Japan’s Nintendo and Sony face memory price pressures

Japan’s Nintendo and Sony face memory price pressures

Published Fri, Jan 30, 2026 · 11:45 AM NINTENDO and Sony Group will face scrutiny over how soaring memory chip prices driven by AI demand have affected their game console profitability when they report earnings next week. The results will reveal whether the two Japanese gaming giants can maintain strong performance despite cost pressures, with Nintendo’s…

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‘Significant improvement’: CNMC Goldmine expects profit lift for 2025 on higher gold, silver prices

‘Significant improvement’: CNMC Goldmine expects profit lift for 2025 on higher gold, silver prices

[SINGAPORE] CNMC Goldmine expects a “significant overall improvement” to its net profit for the financial year ended Dec 31, 2025, compared with the previous corresponding period. The forecast is based on a preliminary review of the group’s unaudited financial results for FY2025, “which shows a significant improvement compared to FY2024”, the company said in a…

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Trump administration prepares for Warsh Fed chair nomination

Trump administration prepares for Warsh Fed chair nomination

Published Fri, Jan 30, 2026 · 11:37 AM The Trump administration is preparing for the president to nominate Kevin Warsh to be the next Federal Reserve chair, according to people familiar with the matter. President Donald Trump said Thursday he plans to announce his pick to lead the US central bank on Friday morning. The…

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RWS ‘better positioned’ to win back high-rollers from MBS: DBS

RWS ‘better positioned’ to win back high-rollers from MBS: DBS

Integrated resort on Sentosa could attract higher-value traffic after renovations, launch of luxury hotel [SINGAPORE] While Marina Bay Sands (MBS) has capped off “the greatest quarter” in its latest financial results, rival casino Resorts World Sentosa (RWS), which is owned by Genting Singapore, remains “better positioned” to reclaim its share of the high-rolling VIP market…

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Trump says he’ll announce Fed chair pick on Friday morning

Trump says he’ll announce Fed chair pick on Friday morning

He reiterated that the next leader of the central bank would lower interest rates Published Fri, Jan 30, 2026 · 10:44 AM US PRESIDENT Donald Trump said he would be announcing his pick for a nominee to chair the Federal Reserve on Friday morning, signaling an end to a months-long process that has spurred speculation…

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Raffles Education unit’s land in China to be acquired by government for urban planning

Raffles Education unit’s land in China to be acquired by government for urban planning

The group says it cannot currently assess the impact of the proposed respossession [SINGAPORE] Raffles Education on Thursday (Jan 29) announced that land in China owned by its subsidiary will be acquired by the Chinese government to make way for urban planning. In a bourse filing, Raffles Education said the subsidiary, Langfang Hezhong Education Consulting,…

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California wealth tax would cause rich to flee, Newsom warns

California wealth tax would cause rich to flee, Newsom warns

Published Fri, Jan 30, 2026 · 08:01 AM CALIFORNIA Governor Gavin Newsom warned that a proposed one-time tax on billionaires will backfire by prompting the ultra-rich to leave the state.  “The impact of a one-time tax does not solve an ongoing structural challenge,” Newsom said Thursday at a Bloomberg event in San Francisco. “You would…

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