Business
Apac logistics sector sees dampened near-term outlook but long-term growth plans unfazed: CBRE
Logistics occupiers across Asia-Pacific are looking beyond short-term market volatility and planning long-term investments, CBRE survey on…
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Business
Business
Joby says Blade deal ‘massive accelerant’ in air taxi drive
Joby Aviation said that it plans to buy the helicopter rideshare business of Blade Air Mobility for as much as US$125 million in stock or…
Business
Asia: Markets track Wall Street rally on Fed rate cut bets
Stock markets rose on Tuesday as investors grow increasingly confident the Federal Reserve will cut interest rates next month, despite…
Business
Petronas said to seek US$1 billion for Rio oil field stake sale
Malaysia’s Petroliam Nasional Berhad is working with Bank of America to sell its 50 per cent stake in the Brazilian oil field Tartaruga…
Business
These are the 10 top-performing ETFs on SGX; Reit ETF AUM hits new high of S$1.2 billion
Exchange-traded funds (ETFs) listed on the Singapore Exchange (SGX) have recorded net inflows of S$700 million in the first half of this…
Business
Some in Bank of Japan saw scope to hike rates if trade friction eases, June minutes show
Some Bank of Japan policymakers saw scope to resume interest rate increases once trade friction caused by US tariffs eased, minutes of the…
Business
Dasin Retail Trust’s China unit could face legal action if it fails to pay back offshore loans
Dasin Retail Trust announced on Monday (Aug 4) that its China subsidiary Zhongshan Yuanxin Commercial Property Management could face a…
Business
Gold rises as Fed rate cut bets pressure dollar, yields
Gold prices rose on Tuesday (Aug 5), after gaining in the last three sessions, supported by a weaker US dollar and lower Treasury yields…
Business
Australia to provide A$135 million bailout for Trafigura lead, zinc smelters
The Australian government said on Tuesday it will provide A$135 million (S$112.5 million) in financial support for two smelters owned by…
Business
Claire’s skips rent payments, moving closer to bankruptcy filing
The retailer has struggled since a 2018 bankruptcy handed control to creditors including Elliott Management and Monarch Alternative…
Business
CICT to raise S$500 million from private placement of 237.5 million units at S$2.105 apiece
Capitaland Integrated Commercial Trust (CICT) on Tuesday (Aug 5) announced a proposed launch of over 237.5 million new units to raise…
Business
CICT plans S$500 million issue at S$2.105 a unit to help buy rest of CapitaSpring for S$1 billion
Capitaland Integrated Commercial Trust (CICT) on Tuesday (Aug 5) announced a proposed launch of over 237.5 million new units to raise…
Business
CICT to buy rest of CapitaSpring for S$1 billion; plans S$500 million placement at S$2.105 a unit
Capitaland Integrated Commercial Trust (CICT) on Tuesday (Aug 5) announced a proposed launch of over 237.5 million new units to raise…
Business
CICT to buy rest of CapitaSpring for S$1 billion; plans S$500 million placement between S$2.105 and S$2.142 a unit
CapitaLand Integrated Commercial Trust (CICT) on Tuesday (Aug 5) announced a proposed launch of more than 237.5 million new units to raise…
Business
What’s next for Ong Beng Seng’s HPL?
While Hotel Properties Ltd (HPL) maintains a “business as usual” stance after founder Ong Beng Seng’s exit from management and his…
Business
Stocks to watch: CICT, CapitaLand Ascendas Reit, Lendlease Global Commercial Reit, Frasers Hospitality Trust, Sunpower
The following companies saw new developments that may affect trading of their securities on Tuesday (Aug 5): CapitaLand Integrated…
Business
CFTC to allow listed spot crypto trading on registered exchanges
The digital assets industry has seen progress under US President Donald Trump’s administration, as bills such as the Genius Act and…
Business
CapitaLand Integrated Commercial Trust posts 3.5% rise in H1 DPU to S$0.0562
CapitaLand Integrated Commercial Trust’s (CICT) distribution per unit (DPU) rose by 3.5 per cent to S$0.0562 for its first half ended Jun…
Business
Hong Kong’s new listing rules seen as helping hot market to stay hot
Hong Kong’s changes to its listing rules are likely to pave the way for one of the world’s hottest markets for initial public offerings…
Business
Figma sheds US$11 billion in market value days after blockbuster IPO
FieldCEO Dylan Field owns about 54.2 million the company shares worth about US$5 billion after selling 2.35 million shares in the IPO…
Business
Australia activates Blackrock’s A$1 billion super battery which will be world’s most powerful
The country leads globally in rooftop solar per capita, which floods the grid with cheap daytime power but also creates challenges for…
Business
Intel’s credit rating downgraded by Fitch on demand challenges
H downgrading US chipmaker Intel’s credit rating by one notch on Monday, according to a note by the ratings agency, which assigned a…
Business
Michael Saylor’s Strategy makes its third-largest bitcoin purchase ever
Michael Saylor’s Bitcoin juggernaut is at it again, buying near the highs with the kind of capital-markets firepower no other crypto firm…
Business
Amazon to cut Wondery staff, reorganise audio business
Amazon.com is breaking up the operations of its Wondery podcast network as part of a broad reorganisation of the business. About 110…