News
Looking to the future as AI, quantum computing and tokenisation transform financial services
Tokenisation needs further development such as interoperable compliance-enabled infrastructure that can support deployment at scaleTHE first Singapore Fintech Festival (SFF) was launched in 2016 to support the country’s goal...
Uber misses on profit even as rideshare, delivery trips soar
The company says that adjusted Ebitda for the fourth quarter will be US$2.41 billion to US$2.51 billion[SAN FRANCISCO] Uber Technologies shares fell after the company posted a miss on...
Pfizer boosts profit view as it battles for obesity startup
[NEW YORK] Pfizer raised its 2025 profit forecast for the second time this year, as ongoing cost cuts helped make up for slow sales growth that’s driving its battle...
Goldman, Morgan Stanley CEOs warn of pullback in global equity markets
Fears of a market bubble come as the benchmark S&P 500 continues its meteoric climb[HONG KONG] CEOs of Wall Street heavyweights Morgan Stanley and Goldman Sachs on Tuesday (Nov...
UltraGreen.ai starts pre-marketing S$300m-S$400m Singapore IPO: sources
The planned share sale would add momentum to Singapore’s efforts to attract high-growth companies and boost its capital markets[SINGAPORE] UltraGreen.ai has started pre-marketing for a Singapore initial public offering...
US office S-Reits could be on the cusp of a comeback
[SINGAPORE] For years, Singapore-listed real estate investment trusts (S-Reits) that focus on office assets in the US have been pummelled – first by the Covid-19 pandemic and a subsequent...
China accuses Netherlands of not working to fix Nexperia dispute
The resulting chip shortages have threatened to halt assembly lines and lead to worker furloughs in Europe[BEIJING/AMSTERDAM] China’s commerce ministry on Tuesday (Nov 4) accused the Netherlands of not...
Aramco profit beats estimates in first sign of easing pressure
Net income adjusted for one-time items rose 0.8% to US$28 billion in the third quarter from a year earlier[RIYADH] Saudi Aramco reported profit that beat analysts’ estimates as a...
Samsung SDI in talks with Tesla to supply energy storage batteries in deal worth over 3 trillion won
[SEOUL] South Korea’s Samsung SDI said on Tuesday it is in talks to supply energy storage batteries to Tesla, in an order that Korean media said could be worth...
China Aviation Oil jumps over 4% on talks of potential merger between parent CNAF and mega refiner Sinopec
[SINGAPORE] Shares of China Aviation Oil (CAO) surged by more than 4 per cent on Tuesday (Nov 4) morning following word of a merger between Sinopec, the largest oil...
