Culture
More ECB rate cuts increasingly unlikely, Wunsch says
[WASHINGTON] The chances of further interest rate cuts from the European Central Bank (ECB) are declining, given the economy’s resilience and inflation holding around the 2 per cent target,...
Chinese milk tea brands are offering a playbook for South-east Asia’s next consumer wave
FOR years now, many have wondered whether Luckin Coffee would topple Starbucks as the world’s coffee chain of choice. Luckin has surpassed Starbucks in both revenue and store count...
Oil set for weekly loss as global conflicts ease, signs of glut emerge
[HOUSTON] Oil prices managed small gains on Friday (Oct 17) but were headed for a weekly loss of nearly 3 per cent after the IEA forecast a growing glut...
Europe: Stocks fall as US bank jitters spark flight to safety
[BENGALURU] European shares fell on Friday (Oct 17), as signs of credit stress at US regional lenders unnerved investors and drove them into safe-haven assets.The continent-wide Stoxx 600 index...
Trafigura acquires warehousing firm Grafton’s Singapore business
The deal marks the metal trader’s return to the London Metal Exchange warehousing industry[SINGAPORE] Trafigura Group has acquired a metals warehousing firm with sizable operations in Singapore, as a...
First Reit to divest Imperial Aryaduta Hotel & Country Club for 332.2 billion rupiah
Property is a non-core legacy asset within the healthcare-focused Reit’s portfolio that was already identified for disposal[SINGAPORE] First Real Estate Investment Trust (Reit) has agreed to divest its property,...
US: Wall St opens mixed after Trump’s trade comments
[NEW YORK] Wall Street’s main indexes were mixed at open on Friday (Oct 17) after US President Donald Trump confirmed the meeting with his Chinese counterpart was still on,...
Jardine Matheson to delist Mandarin Oriental at US$3.35 a share; Mandarin Oriental sells HK property for US$925 million
[SINGAPORE] Controlling shareholder Jardine Matheson is moving to take Mandarin Oriental private in a recommended cash takeover valued at US$3.35 per share, bringing the hotel group’s total valuation to...
Parkway Life Reit appoints Robin Hu as board chairman, Eng-Kwok Seat Moey as independent director
[SINGAPORE] The manager of Parkway Life Real Estate Investment Trust (Reit) has appointed a new chairman and an independent director to its board, it said on Friday (Oct 17)....
US: Wall Street ends higher as investors digest Trump trade comments