Business
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Grab in black for first time as Q4 earnings drive full-year profit to US$268 million
[SINGAPORE] Grab announced its first year in the black with FY2025 earnings of US$268 million on Thursday (Feb 12), reversing from a loss of US$105 million in FY2024. Earnings for…
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KKR sees no let-up in AI-driven infrastructure boom after STT GDC deal
Deep pools of private capital are chasing data centres, one of Asia’s most capital-intensive asset classes [SINGAPORE] Digital infrastructure is soaking up enormous amounts of capital, with most of that…
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Miran says he’d love to stay at Federal Reserve, supports more rate cuts
Published Thu, Feb 12, 2026 · 06:46 AM FEDERAL Reserve Governor Stephen Miran on Wednesday said he would be “very happy” to stay on at the central bank longer term…
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Instagram‘s top executive grilled over safety decisions at trial
Published Thu, Feb 12, 2026 · 06:35 AM [LOS ANGELES] The top executive at Meta Platforms’ Instagram defended the social media platform’s choices around features that some company insiders called harmful to…
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McDonald’s beats quarterly global sales estimates as value bets pay off
The fast food chain is also delving deeper into the fast-growing beverage segment Published Thu, Feb 12, 2026 · 06:18 AM MCDONALD’S topped Wall Street estimates for fourth-quarter global comparable…
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ANZ Group cash profit jumps 17% as cost cuts take hold
The Australian bank said more than 60 per cent of the 3,500 job cuts it previously announced had taken place Published Thu, Feb 12, 2026 · 06:07 AM ANZ Group…
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Oil up 1% as Middle East tension offsets large US crude stocks build
Published Thu, Feb 12, 2026 · 05:58 AM [NEW YORK] Oil prices gained about 1 per cent on Wednesday, as investors worried about escalating tensions between Iran and the US, which were…
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European shares hit record high as energy stocks surge; tech, financials stumble
Published Thu, Feb 12, 2026 · 05:51 AM EUROPEAN shares closed at a record high on Wednesday, as gains in commodity-related stocks offset weakness in technology and financials, while investors assessed…
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US stocks: Wall Street muted after strong jobs data nibbles at Fed rate cut bets
Published Thu, Feb 12, 2026 · 05:47 AM THE S&P 500 closed virtually unchanged on Wednesday as a stronger-than-expected employment report eased worries about the economy but also fuelled bets…
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TotalEnergies halves buybacks as low oil, gas prices weigh on profits
It echoes similar moves by its peers – BP has completely suspended buybacks, and Equinor has reduced them by 70% Published Wed, Feb 11, 2026 · 11:45 PM [PARIS] TotalEnergies…
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Wall St gains after stronger-than-expected jobs report
Published Wed, Feb 11, 2026 · 10:42 PM [NEW YORK] Wall Street’s main indexes opened higher on Wednesday (Feb 11) following a stronger-than-expected jobs data that pointed to a resilient…
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Soilbuild Construction bags new contracts totalling S$158 million
The deals enhance revenue visibility and bring group’s order book value to around S$1.07 billion as at end-December [SINGAPORE] Soilbuild Construction has secured new contracts with an aggregate value of…
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World’s biggest nickel mine in Indonesia told to cut output
Its 2026 quota is 12 million tonnes of ore production, down from 42 million tonnes in 2025 Published Wed, Feb 11, 2026 · 09:13 PM [SINGAPORE] The world’s biggest nickel…
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Deutsche Bank looks to boost loans for rich clients’ sports bets
Billionaires with sports investments include India’s Mukesh Ambani, France’s Bernard Arnault and Josh Harris in the US Published Wed, Feb 11, 2026 · 08:32 PM [FRANKFURT] Deutsche Bank is ramping…
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Starhill Global Reit CEO and executive director Ho Sing to step down in August
[SINGAPORE] Hospitality veteran Ho Sing is retiring and will step down as the chief executive officer and executive director of Starhill Global Real Estate Investment Trust (Reit) on Aug 10.…
