News
Shein, Temu, Amazon Haul set for price hikes as US shuts trade loophole
SHEIN, Temu and Amazon Haul prices are likely to rise for American shoppers, analysts and industry experts said, after US President Donald Trump this week shut a trade loophole...
Spotify forecasts profit above estimates on subscriber growth, price increases
In the fourth quarter, premium subscribers rose 11 per cent to 263 million, compared with Visible Alpha estimates of 260 million. SPOTIFY forecast first-quarter profit above market estimates on...
Singapore’s Syfe makes A$65 million bid for Australian investing platform SelfWealth
SINGAPORE-BASED digital wealth platform Syfe on Tuesday (Feb 4) said it made a non-binding indicative offer to acquire SelfWealth, an Australia-listed digital investing platform, for A$65 million (S$54.7 million).In...
Number of compulsory wind-ups rise more than 50% in 2024
AS MANY as 307 companies were forced to wind up last year, based on figures released by the Ministry of Law’s Insolvency Office.This was a 52.7 per cent jump...
HK-listed Chinese stocks hit 3-month high despite China, US tariffs
CHINESE stocks listed in Hong Kong surged on Tuesday (Feb 4) as investors loaded up on artificial intelligence and electric vehicle shares while shrugging off news of tit-for-tat Sino-US...
Infineon more positive on revenue outlook after Q1 stronger than expected
It expects revenue for the fiscal year until end-September 2025 to be flat to slightly up compared with the prior yearGerman chipmaker Infineon slightly revised up its full-year revenue...
UBS trounces profit forecasts, US$3 billion share buyback conditional on capital rules
UBS Group on Tuesday (Feb 4) posted fourth-quarter profit that beat forecasts by a wide margin and said it would buy back up to US$3 billion in shares this...
AI and more: These tech firms top the list of Singapore’s 100 fastest-growing companies
A good variety of sectors are in a list of 100 fastest-growing companies based in in Singapore, going by a study done by The Straits Times and Germany-based global...
Nippon, US Steel say Biden blocked merger amid ‘sham’ review
NIPPON Steel and United States Steel claimed former President Joe Biden unfairly prejudged their US$14.1 billion merger and gave the companies no chance for feedback on a “sham” national...
Gold holds steady near all-time high amid US tariff concerns
GOLD prices on Tuesday (Feb 4) hovered near a record high scaled in the prior session, as investors fretted that US President Donald Trump’s tariffs on Canada, China, and...
