Frasers Centrepoint Trust to sell White Sands mall for S$467 million
The net proceeds will go towards repaying debt and strengthening FCT's financial position for "future growth opportunities", said Frasers Centrepoint Asset Management.
SK, KKR to launch South Korea renewable energy venture valued at $1.3 billion
SEOUL, July 1 : Private equity firm KKR and South Korea's SK Inc said on Wednesday they will launch the country's largest renewable energy platform, valued at 2 trillion won ($1.3 billion), to help meet rising clean-power demand from AI data centres and chip plants. The platform will combi ...
The billion-dollar question Singapore Airlines shareholders should ask during its AGM
Tay Peck Gek - More clarity on the board’s approach to the investment in Air India would be welcome
Iran war delivers massive swings in Chinese petrochemicals trade
Amid loss of feedstock from the Persian Gulf, Asian petrochemical importers tapped China, which has massive stockpiles
Yen sinks to four-decade low as US dollar gets yields boost
The greenback rises to a fresh top of 162.77 yen in the early Asian session
Share and bond markets turn cautious in Asia, yen on ropes
SYDNEY, July 1 : Asian share markets started the new quarter in a cautious mood on Wednesday as talks between the United States and Iran hit new hurdles, while investors were on alert for possible Japanese intervention as the yen plumbed fresh 40-year lows.Tehran said on Tuesday it would not meet wi ...
Jardine Matheson taps ex-Indonesian fund CIO as country head
Christopher Ganis, former Indonesia Investment Authority chief investment officer, assumes the new role on Jul 1
Exclusive-Kawasaki Heavy plans to raise $1.2 billion through new shares, CBs, sources say
TOKYO, July 1 : Japan's Kawasaki Heavy Industries is finalising plans to raise about 200 billion yen ($1.23 billion) by issuing new shares and convertible bonds to fund capital expenditure, according to two sources familiar with the matter. The company will decide on the issuance as soon as thi ...
Australia proposes consulting sector overhaul after scandals
Transgressions across high profile firms in recent years spark calls for an industry overhaul
Uber-backed Lime raises $167 million in US IPO
June 30 : Lime, backed by Uber, raised $167 million in its U.S. initial public offering, joining a growing list of companies tapping a revived market for new listings.The company, formerly known as Neutron Holdings, sold 6.68 million shares at $25 per share, the midpoint of its marketed range of $24 ...
Uber-backed Lime prices IPO at $25 per share, Bloomberg News reports
June 30 : Uber-backed Lime has priced its U.S. initial public offering at $25 per share, the midpoint of the marketed range, Bloomberg News reported on Tuesday, citing a person familiar.Lime did not immediately respond to a Reuters request for comment outside regular business hours.
Asian stocks rise after US tech gains, yen steady
Stocks advance in Japan and South Korea, lifting the MSCI Asia-Pacific Index 0.3%
Japan manufacturing extends growth, caps best quarter since Q1 2014, PMI shows
TOKYO, July 1 : Japan's manufacturing sector expanded in June, sealing its best quarterly performance since early 2014, as new orders grew at their fastest pace in more than two years, a business survey showed on Wednesday.Here are some key details.• The S&P Global Japan Manufacturing Pur ...
South Korea factory activity grows at slower pace as export demand weakens, PMI shows
SEOUL, July 1 : South Korea's factory activity expanded in June for the seventh consecutive month, though at a slower pace than the previous month on falling export demand, a survey showed on Wednesday. • The purchasing managers index (PMI), published by S&P Global, stood at 52.1 in June, ...
Oil ticks higher as Iran's refusal to meet US envoys dims ceasefire hopes
July 1 : Oil prices rose in early trade on Wednesday as investors responded to news that Iran will not be meeting with U.S. envoys, a further strain on the interim ceasefire agreed between the two in the four-month-long war.Brent futures rose 50 cents or 0.69 per cent to $73.45 a barrel at 1208 GMT, ...
Stocks to watch: FCT, Lendlease Global Commercial Reit, Parkway Life Reit, Jumbo Group, ValueMax
Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jul 1):
Vimeo owner Bending Spoons prices IPO at above target range to raise $1.68 billion
June 30 - Bending Spoons, owner of the video platform Vimeo and the internet services company AOL, priced its U.S. initial public offering above its targeted range at $29 per share on Tuesday, raising $1.68 billion in a rare software IPO as the sector grapples with disruption from AI.The Italian sof ...
Gold steadies as US-Iran peace talks frame inflation outlook
Bullion held near US$4,000 an ounce, after giving up nearly 2% in the last two sessions
US lifts export controls on Anthropic’s Fable, Mythos AI models
Washington has stepped up oversight of new model releases to identify potential threats posed by advanced AI models
Japan business mood improves despite Middle East war, BOJ survey shows
TOKYO: Big Japanese manufacturers' sentiment improved in the three months to June to levels unseen since 2018, a closely watched survey showed on Wednesday (Jul 1), a sign the economy was weathering the energy shock from the Middle East conflict for now.But companies expect business conditions ...
Energy is the chokepoint for AI’s next growth phase, says DBS CIO
Jean Low - The bank recommends investors to add energy infrastructure alongside technology as AI power demand surges
Microsoft to reportedly cut under 2.5% of workforce in latest layoffs
Roles affected include those across sales and consulting, as well as jobs at the Xbox gaming division
Online retailer iHerb selects banks for US$500 million IPO this year: sources
The health and wellness company taps JPMorgan Chase, Morgan Stanley and Citigroup for the offering
Microsoft to cut under 2.5% of workforce in latest layoffs, Business Insider reports
June 30 : Microsoft is planning to cut under 2.5 per cent of its workforce in the latest round of layoffs that could be announced as early as next week, Business Insider reported on Tuesday, citing people familiar with the matter.The layoffs will impact thousands of roles, including sales and consul ...
Digital infrastructure firm ITG prices US IPO below range, raises $312 million
June 30 : Oaktree-backed ITG said on Tuesday it had priced its U.S. initial public offering at $16 per share, below its targeted range, raising $312.2 million. The digital infrastructure firm sold 19.5 million shares in the offering, initially marketed between $19 and $22 apiece.ITG provides end-to- ...
Boeing says IT outage affected computer systems, applications
June 30 : Boeing said on Tuesday that an unplanned IT outage affected some of its computer systems and applications.The outage "significantly disrupted" the aerospace firm's commercial and military production, the Air Current reported, citing people familiar with the issues.Boeing did ...
US to lift export controls on Anthropic's Fable AI model on Tuesday, source says
June 30 : The U.S. Commerce Department is expected to lift export controls on Anthropic's Fable 5 AI model on Tuesday, less than three weeks after the company was ordered to suspend access to its most advanced AI models over national security risks, according to a source familiar with the matte ...
US lifts export controls on Anthropic's Fable, Mythos AI models
June 30 : Anthropic said on Tuesday that the U.S. Commerce Department has lifted export controls on its Claude Fable 5 and Mythos 5 AI models, less than three weeks after the company was ordered to suspend access to its most advanced AI models over national security risks."We'll begin rest ...
Strong year for insurance par funds, but bonuses stay the same for most
Genevieve Cua - Of eight par funds with 2025 updates, four made double-digit gains. But their longer-term track record is key
Oil prices little changed but set for steepest monthly and quarterly losses since 2020
Morgan Stanley says it now models an implied global oil market surplus of 4.8 million barrels per day in 2027
Apollo's Athene names ex-Goldman executive as Japan head to drive reinsurance push
TOKYO, July 1 : Athene, the insurance business of Apollo Global Management, has appointed Larik Hall as head of Japan, as the U.S. asset manager ramps up operations in the country, according to a company document reviewed by Reuters.Hall, previously a managing director at Goldman Sachs Ayco, will le ...
Europe’s STOXX 600 clocks biggest quarterly gain in over five years on AI boost
Travel and leisure stocks have bounced back, surging over 19% this quarter as consumer confidence returns
S&P 500, Nasdaq register best quarter since 2020 despite Iran war
The Dow Jones has its biggest quarterly jump since 2022
Dividend investing is a popular strategy with Singapore investors, but does it still make sense today?
Regular payouts offer a buffer against inflation and market volatility, but leaning too heavily on income assets can mean missing out on growth, experts say.
