News
Italy extends big tech tax probe to Musk’s X social network
ITALY is claiming 12.5 million euros (S$17.4 million) from Elon Musk’s social network X following a tax probe running parallel to one into Meta, four sources with direct knowledge...
Tesla market value slips below US$1 trillion as Europe sales sink
The shares have now cumulatively fallen 16 per cent in four straight trading sessions of lossesA QUICK unwind in the shares of Tesla pushed the electric vehicle (EV) maker’s...
Forest City could become cheaper, secondary family office hub to complement Singapore
While the fundamentals are there, it is too early to tell if the zone could become a regional wealth centreMALAYSIA’S Forest City could be a secondary family office (FO)...
US: S&P 500, Nasdaq muted as US plans tighter curbs on chip exports to China
The benchmark S&P 500 and the Nasdaq had a subdued start on Tuesday (Feb 25) as markets braced for the potential impact of more stringent US trade controls on...
Food Empire H2 profit down 3.2% at US$28.9 million
FOOD Empire’s net profit fell 3.2 per cent to US$28.9 million for the second half ended Dec 31, 2024, from US$29.8 million in the same period the year before. Meanwhile,...
DBS flags 13,000 employees for upskilling, reskilling amid job cuts
The lender says its permanent staff across all its markets will not be affected by the reductionsDBS has identified 13,000 employees that require upskilling or reskilling, in order to...
Teens are spilling dark thoughts to AI chatbots. Who’s to blame when something goes wrong?
When her teen with autism suddenly became angry, depressed and violent, the mother searched his phone for answers. She found her son had been exchanging messages with chatbots on...
Singapore shares in the red as regional indices fall; STI retreats 0.3%
Losers beat winners 326 to 234, as 1.6 billion securities worth S$1.8 billion change handsSINGAPORE equities closed Tuesday (Feb 25) in the red, tracking regional losses. The benchmark Straits...
China raises scrutiny of outflows via Hong Kong listings, foreign deals
CHINA is increasing scrutiny of outbound investments by domestic companies as well as their use of proceeds from Hong Kong share sales, people familiar with the matter said, after...
OCBC, UOB poised to gain most from JS-SEZ; DBS could seek to expand Malaysia footprint: analysts
The zone will enable the banks with networks that are entrenched in the two markets to gain from stronger investment flowsAMONG the trio of local banks, OCBC and UOB...
‘Worst is over’: Analysts bullish on Raffles Medical’s potential China turnaround; Maybank upgrades to ‘buy’
ANALYSTS have raised their target prices on private healthcare provider Raffles Medical amid expectations of an earnings recovery, which could be accelerated by a potential turnaround in the group’s...
