Business
United Hampshire US Reit acquires Wallingford Fair Shopping Centre for US$21.4 million
The price of the freehold property is 8.2% lower than an independent valuation of US$23.3 million The manager of United Hampshire US Real…
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Business
Business
United Hampshire US Reit acquires Wallingford Fair Shopping Center for US$21.4 million
The price of the freehold property is 8.2% lower than an independent valuation of US$23.3 million The manager of United Hampshire US Real…
Business
China’s central bank cuts structural interest rates to boost targeted lending
The moves signal targeted adjustments to bolster an economy hit by weak demand and imbalances China’s central bank will lower interest…
Business
Nikkei falls from record as tech shares retreat; Topix rises
Japan’s Nikkei share average fell back from a record high on Thursday (Jan 15), as the yen’s rebound weighed on exporters and a red-hot…
Business
Microsoft in record deal for soil carbon credits as data centres surge
It will buy a record 2.85 million soil carbon credits linked to regenerative agriculture Microsoft has agreed with Indigo Carbon to buy a…
Business
Australian shares end at two-month high as miners ride metals rally
Australian shares closed at an over two-month high on Thursday (Jan 15), driven by broad-based gains, with miners at the helm as investors…
Business
Woh Hup Engineering JV wins S$326 million LTA contract for Downtown Line extension
The contract includes work for two mainline tunnels and a tunnel link to Gali Batu Depot The Land Transport Authority (LTA) has awarded…
Business
Japan’s Nikkei falls back from record as yen rallies, tech shares retreat
Japan’s Nikkei share average fell back from a record high on Thursday, as the yen’s rebound weighed on exporters and a red-hot rally in…
Business
Lucid set to start manufacturing cars in Saudi Arabia in 2026
The company has also struggled more broadly with profitability and production challenges Lucid Group is on track with plans to start…
Business
JPMorgan, Brookfield see deals revival for clean energy assets
The IEA forecasts renewable energy, particularly solar, to grow faster than any other major source of electricity generation to 2035 Clean…
Business
RHB initiates “buy” on Coliwoo amid rising expat, foreign student demand
The bank assigns it a target price of S$0.82, a 41% upside from its latest closing price of S$0.58 on Wednesday RHB has initiated coverage…
Business
China drinks maker Eastroc Beverage said to gauge interest for billion-dollar plus Hong Kong Listing
The company makes energy and sports beverages, as well as other soft drinks such as teas and juices Chinese energy-drink maker Eastroc…
Business
HSBC, Prudential in US$220 million funding for Hong Kong’s WeLab
The fintech has over 70 million individual users and more than 700 enterprise customers Hong Kong-based fintech firm WeLab has secured…
Business
BHP, Rio Tinto are joining forces to boost iron ore pipeline
Miners are trying to balance growth against capital discipline, and are increasingly looking at ways to squeeze efficiencies out of…
Business
Amazon Seeks to Delay Saks Global’s DIP Financing
Count Amazon as one more party that is feeling ripped off by Saks Global and its march into bankruptcy. The web giant, which has been…
Business
Alibaba takes major step to link Taobao shopping to main AI app
Alibaba Group Holding plans to link its flagship online shopping and travel services to its AI app, taking its biggest step yet to build…
Business
Gold slips as profit-taking, softer geopolitical tone hit safe-haven demand
Gold slipped on Thursday (Jan 15) as investors booked profits after three consecutive sessions of record highs, while an apparent softer…
Business
Wells Fargo misses profit estimates on severance costs, shares fall
WELLS Fargo missed analysts’ profit estimates in the fourth quarter on Wednesday, after it booked US$612 million in severance expenses as…
Business
Bank of Korea stands pat as board wary of weak won, property market rally
South Korea’s central bank left its benchmark interest rate unchanged in a widely expected move, as authorities monitor the weakening won…
Business
DBS picks ST Engineering, Sats over airlines; cuts SIAEC to ‘hold’
DBS Group Research downgraded SIA Engineering Company (SIAEC) to “hold” and advised investors to shift exposure towards upstream aviation…
Business
DBS lifts target price of ST Engineering, Sats; cuts SIAEC to ‘hold’
DBS Group Research downgraded SIA Engineering Company (SIAEC) to “hold” and raised its target prices for ST Engineering and Sats, as it…
Business
Singapore shares edge lower at Thursday’s open; STI dips 0.1%
Investors continue to wait in uncertainty after the US Supreme Court did not issue a ruling on the challenges to ‘Liberation Day’ tariffs…
Business
KKR Asia credit fund draws 75% new investors as decoupling rises
The optimism around Asian private credit runs counter to a broader global pullback KKR raised three-quarters of its US$2.5 billion Asia…
Business
China brokers rebuild ranks, raise pay on dealmaking return
CHINA’S biggest securities firms are back on the offensive after taking a battering over the past few years. Investment banking divisions…