Culture
Indonesia’s Chandra Asri to buy ExxonMobil’s Singapore Esso petrol kiosk chain
[SINGAPORE] Chandra Asri Pacific on Friday (Oct 24) said it would acquire ExxonMobil’s network of Esso-branded retail fuel stations in Singapore. The Indonesian company said in a statement that...
Abu Dhabi banks lay groundwork for potential risk transfer deals
The global SRT market is set to expand 11% annually on average in the next two years[LONDON] Two of Abu Dhabi’s biggest commercial banks are weighing a foray into...
Suntec Reit rules out retail acquisitions in Australia; to focus on divestments
[SINGAPORE] The manager of Suntec Real Estate Investment Trust (Suntec Reit) has ruled out acquiring retail assets in Australia, even as its peer, Keppel Reit, recently made its first...
Suntec Reit rules out retail acquisitions in Australia, will focus on divestments
[SINGAPORE] The manager of Suntec Real Estate Investment Trust (Suntec Reit) has ruled out acquiring retail assets in Australia, even as its peer, Keppel Reit, recently made its first...
Asia: Stocks rally as traders cheer Trump-Xi meeting plan
ASIAN markets rallied on Friday after the White House confirmed President Donald Trump would meet China’s Xi Jinping next week, stoking optimism for a cooling of trade tensions between...
Meituan plans debut dim sum bonds in up to 10 billion yuan sale
The company has faced an increasingly crowded field in China’s food delivery sector, where rivals have been slashing prices[HONG KONG] Chinese food delivery company Meituan is looking to raise...
White House warns government shutdown could lead to holiday travel meltdown
[WASHINGTON] The Trump administration and Republican leaders in Congress on Thursday (Oct 23) warned that flight disruptions will increase as a government shutdown enters its 23rd day and controllers...
Ford lowers annual guidance, citing fire at supplier’s aluminum plant
[DETROIT] Ford Motor cut its profit guidance on Thursday, citing fallout from a fire at a critical aluminum supplier that will crimp production of some of its most lucrative vehicles through...
Air Canada cuts 400 management positions, or 1% of workforce
[MONTREAL] Air Canada said on Thursday it cut about 400 management positions, representing about 1 per cent of its workforce, after the country’s largest airline faced a four-day strike earlier this...
Gold firms ahead of US inflation data, but heads for weekly fall
Investors have nearly fully priced in a 25-basis-point rate cut at the US Federal Reserve’s meeting next week. [BENGALURU] Gold prices rose on Friday (Oct 24), supported by lingering...
