Culture
First Reit extends lease for Siloam Hospitals Lippo Cikarang for ‘revenue stability’
Manager believes it is prudent to continue to have in place a short-term lease in line with market terms while its strategic review continues [SINGAPORE] First Real Estate Investment...
China securities regulator unveils plan to ease foreign investor access
Qualified foreign investors will also be allowed to use exchange-traded fund options [BEIJING] The China Securities Regulatory Commission (CSRC) launched a new plan on Monday (Oct 27) to streamline...
US: Wall Street opens at record highs on US-China trade hopes
WALL Street’s main indexes opened at record highs on Monday (Oct 27), as expectations of a US-China trade truce fuelled risk-taking in a week packed with Big Tech earnings...
China’s central bank to resume bond trading on open market
China’s 10-year government bond yield fell sharply by 2 basis points following comments by PBOC governor[BEIJING] China’s central bank will resume buying and selling treasury bonds on the open...
Deutsche Bank’s DWS joins rivals in setting up Abu Dhabi office
It aims to be the preferred asset manager for institutional investors ploughing money into Europe, including Germany[FRANKFURT] Deutsche Bank’s investment arm DWS Group is opening an office in Abu...
Buybacks take backseat as AI drives record US capex spending
INVESTORS are increasingly favouring US companies that channel capital towards AI innovation over those offering traditional shareholder payouts such as dividends and buybacks, even as the debate over soaring...
As Fed prepares to cut rates this week, all eyes are on outcome of Trump-Xi meeting in Seoul
The prospect of a trade deal between Washington and Beijing has raised hopes of prices of goods coming down ahead of the holiday seasonThe US Federal Reserve is likely...
iX Biopharma shares jump 35% on potential US, Australia listing plans
[SINGAPORE] Shares of Singapore-based speciality pharmaceutical and nutraceutical company iX Biopharma jumped 35.1 per cent to S$0.127 on Monday (Oct 27). This was after it revealed early-stage plans for potential...
Jurong Island’s ‘balancing act’: Going green while sustaining jobs and growth
The petrochemical hub’s transition comes amid the oil down-cycle and a looming carbon tax hike[SINGAPORE] As Singapore’s Jurong Island embarks on a green pivot, the energy and chemicals hub...
Banks not told of power plant when they gave in-principle loan commitment to Hyflux’s Tuaspring project: witness
Consortium sends 18 questions to company upon finding out about the higher-risk power plant[SINGAPORE] The consortium of banks which considered financing Hyflux’s Tuaspring project sent the water treatment company...
Banks not told of power plant when they gave in-principle loan commitment to Tuaspring project: witness
Consortium sends18 questions to company upon finding out about the higher-risk power plant[SINGAPORE] The consortium of banks which considered financing Hyflux’s Tuaspring project sent the water treatment company a...
