Business
CapitaLand Integrated Commercial Trust raising S$600 million in private placement
CapitaLand Integrated Commercial Trust (CICT) on Wednesday (Aug 6) announced the launch of nearly 284.4 million new units to raise gross…
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Business
Business
Australia: Miners, banks propel shares to record high; RBA outlook in focus
AUSTRALIAN shares rose to a record peak on Wednesday, supported by strong performances among miners and banks, while investors almost…
Business
Gold extends gains on rate cut hopes, markets eye Fed appointments
Gold prices extended gains for a fifth straight session on Wednesday (Aug 6), helped by prospects of lower US interest rates, while…
Business
New Zealand labour market remains soft, adds to rate-cut expectation
New Zealand’s jobless rate rose slightly in the second quarter as the labour market remained soft, supporting the view that the central…
Business
Acrophyte Hospitality Trust H1 DPS falls 42.2% to US$0.00432 amid portfolio contraction, softer lodging demand
Acrophyte Hospitality Trust on Wednesday (Aug 6) posted a fall in distribution per stapled security (DPS) to US$0.00432 for its first…
Business
Sing Investments & Finance H1 net profit up 35% at S$21.7 million
Mainboard-listed Sing Investments & Finance (SingFinance) on Tuesday (Aug 5) posted net profit of S$21.7 million for its first half ended…
Business
JPMorgan tops foreign banks’ earnings in Japan on deals boom
organ Chase out-earned global rivals in Japan last year after capitalising on a dealmaking spree fuelled by the Asian nation’s push to…
Business
Stocks to watch: CICT, Keppel, Sats, F&N, MPACT, Parkway Life Reit
The following companies saw new developments that may affect trading of their securities on Wednesday (Aug 6): CapitaLand Integrated…
Business
Parkway Life Reit H1 DPU up 1.5% at S$0.0765 on new assets, higher rental contributions
Parkway Life Reit has raised its first-half distribution per unit (DPU) by 1.5 per cent to S$0.0765 from S$0.0754 in the previous…
Business
OpenAI releases free, downloadable models in competition catch-up
OpenAI on Tuesday released two new artificial intelligence (AI) models that can be downloaded for free and altered by users, to challenge…
Business
Fight for private equity talent in Asia heats up
The recent furore between US banking giants and private equity (PE) firms over the poaching of junior analysts from the banks has brought…
Business
Should OCBC's incoming CEO pursue a transformative acquisition?
Helen Wong made waves when she was appointed group chief executive of OCBC in April 2021 – becoming the first female to lead a major local…
Business
US charges Chinese nationals with Nvidia chips export breach
Two Chinese nationals were arrested this week on charges that they sent tens of millions of US dollars worth of advanced AI chips made by…
Business
US plans record US$100 billion bill sale as borrowing needs mount
The US government plans to borrow US$100 billion in a single Treasury debt sale this week, an unprecedented figure that showcases both the…
Business
Europe: Shares end higher on earnings optimism, US rate cut hopes
EUROPEAN shares closed higher on Tuesday, buoyed by better-than-expected corporate earnings and renewed optimism that the Federal Reserve…
Business
US: Stocks fall as markets monitor trade talks
Wall Street stocks retreated on Tuesday as markets monitored ongoing trade talks ahead of new tariff hikes set to take effect later this…
Business
EuroSports Global executive chairman and CEO Melvin Goh not stepping down despite being charged
Board decides he is suitable to continue his current roles after nominating committee re-assesses the matter Catalist-listed luxury…
Business
Wall Street and Global Markets Rise as Weak Jobs Data Fuels Fed Cut Expectations
Global markets climbed for a second consecutive day on Tuesday, on optimism that the U.S. Federal Reserve could cut rates as early as next…
Business
Keppel lowers prices on the sale of stakes in Saigon Sport City
Keppel has amended the terms of the sale of its 70 per cent stake in Saigon Sport City, with the prices lower than earlier announced, a…
Business
US: Wall Street opens higher on rate cut hopes; earnings in spotlight
Wall Street futures opened higher on Tuesday (Aug 5), supported by ongoing optimism over potential Federal Reserve interest rate cuts,…
Business
B2B Marketing Isn't About Platforms, It's About People
You’ve heard it, and I have, too — “We need to focus our B2B marketing on LinkedIn because that’s where business professionals are.” This…
Business
Mapletree Pan Asia Commercial Trust prices S$200 million of green notes at 2.45%
Proceeds will be used to finance or refinance eligible green projects of MPACT and its subsidiaries, says Reit manager Mapletree Pan Asia…
Business
Apollo draws US$61 billion in record quarter, but less from wealth
Apollo Capital Management reported record earnings from fees in the second quarter, driven by a boost in lending activity and a bump in…
Business
Elon Musk’s politics hit Tesla sales in Europe’s biggest car markets
Tesla’s new car registrations in Britain and Germany, Europe’s biggest auto markets, more than halved in July from a year earlier, as CEO…