21 hours ago
ESR buys remaining 12.3% stake in Logos Property Group
Hykel Quek - REAL estate investment manager ESR Group will acquire the remaining 12.3 per cent stake in Logos Property Group, which will become an...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
21 hours ago
ESR buys remaining 12.3% stake in Logos Group
Hykel Quek - REAL estate investment manager ESR Group will acquire the remaining 12.3 per cent stake in logistics real estate company Logos, which will...
21 hours ago
ESR purchases remaining 12.3% stake in Logos Group
Hykel Quek - REAL estate investment manager ESR Group will acquire the remaining 12.3 per cent stake in logistics real estate company Logos, which will...
21 hours ago
High Court dismisses ESR’s appeal to vote on Sabana Reit’s proposed trust deed amendment
Chong Xin Wei - THE Singapore High Court has dismissed an appeal by several ESR entities to vote on Sabana Industrial Real Estate Investment Trust’s (Sabana...
21 hours ago
Thai Finance Ministry raises GDP growth expectations to 2.7% in 2024
BANGKOK : Thailand's economy is expected to grow 2.7 per cent in 2024, the Finance Ministry said Friday, up from a previous forecast of 2.4 per cent due to higher foreign tourist arrivals and exports."We see positive signs from exports due to improving economic growth from trading partners ...
21 hours ago
Spot work startup Timee shares pop 30% in Tokyo debut
TOKYO : Shares in startup Timee, which operates a platform connecting workers seeking side gigs with labour-strapped businesses, rose roughly 30 per cent on Friday in their Tokyo stock market debut. The shares opened at 1,850 yen, valuing the company at around $1.1 billion. Timee's app helps us ...
22 hours ago
Hong Kong reappoints Eddie Yue as central bank chief for another 5 years
HONG Kong’s government reappointed Eddie Yue as its de-facto central bank chief to another five-year term to keep stability in the financial...
22 hours ago
Hong Kong reappoints central bank chief
HONG Kong’s government reappointed Eddie Yue as its de-facto central bank chief to another five-year term to keep stability in the financial...
22 hours ago
Stocks bounce after heavy sell-off as traders await US price data
LONDON : European stocks and U.S. futures rebounded on Friday as markets stabilised after a week in which global equities have tumbled almost 2 per cent, while the dollar regained ground against the yen ahead of U.S. inflation data.Europe's continent-wide STOXX 600 index rose 0.44 per cent and ...
22 hours ago
Stocks rebound after brutal sell-off as traders await US price data
LONDON :European stocks and U.S. futures rebounded on Friday as markets stabilised after a week in which global equities have tumbled almost 2 per cent.Meanwhile, the dollar regained some ground against the yen after a sharp drop this week, as investors awaited U.S. inflation data.Europe's cont ...
22 hours ago
Yen steadies, Asian stocks stabilize as wild week winds down
TOKYO :The yen stabilized near a 12-week high against the dollar on Friday while Asia-Pacific equity markets found their feet, a day after their worst session since mid-April.MSCI's broadest index of Asia-Pacific shares was just 0.06 per cent lower on Friday, following a 1.88 per cent tumble th ...
22 hours ago
Yen steady, Asian stocks weak as wild week winds down
TOKYO : The yen stabilized near a 12-week high against the dollar on Friday while Asia-Pacific equity markets remained on the back foot a day after their worst session since mid-April.Regional stocks took their cues from Wall Street, where the S&P 500 and tech-heavy Nasdaq slipped further after ...
22 hours ago
Gold heads for weekly loss; spotlight on US inflation data
GOLD prices inched higher on Friday (Jul 26), but remained on track for a weekly loss, while traders awaited US inflation data...
23 hours ago
Brewing giant Asahi set to sell restaurant business: report
ASAHI Group plans to sell its struggling restaurant business, Nadaman, to a Japanese peer as the country’s biggest brewer looks to exit...
23 hours ago
Singapore shares open lower on Friday; STI down 0.1%
Vivien Ang - SINGAPORE shares started trading in negative territory on Friday (Jul 26). This comes as the Monetary Authority of Singapore left its monetary...
23 hours ago
TSMC set to join global tech rout after typhoon trading break
A SELL-OFF in Taiwan Semiconductor Manufacturing Company (TSMC) shares looks almost inevitable when trading resumes after a two-day typhoon break, during which...
23 hours ago
First Reit posts 3.2% lower H1 DPU at S$0.012
Vivienne Tay - FIRST Real Estate Investment Trust (First Reit) on Friday (Jul 26) posted a distribution per unit (DPU) of S$0.012 for the first...
23 hours ago
HDB resale price growth quickens in Q2,
rising 2.3% on robust demand and tight supply
Ry-Anne Lim - RESALE prices of public housing flats accelerated in the second quarter of 2024, growing 2.3 per cent over the previous three months...
23 hours ago
HDB price growth quickens in Q2, rising 2.3% on robust demand and tight supply
Ry-Anne Lim - RESALE prices of public housing flats accelerated in the second quarter of 2024, growing 2.3 per cent over the previous three months...
23 hours ago
HDB resale prices up 2.3% in Q2, sales rise 4%
Ry-Anne Lim - RESALE prices of public housing flats grew 2.3 per cent in the second quarter of this year, data from the Housing and...
24 hours ago
Nissan global production cuts imperil CEO’s recovery plan
FOUR months into a three-year plan meant to reinvigorate Nissan Motor, chief executive officer Makoto Uchida is already struggling.
24 hours ago
Keppel DC Reit posts 9.9% drop in H1 DPU to S$0.04549
Hykel Quek - KEPPEL DC Reit posted a 9.9 per cent year-on-year decrease in distribution per unit (DPU) to S$0.04549 for the first half of...
24 hours ago
Hermes sales defy luxury slowdown
Birkin bag maker remains one of the industry’s strongest performers.
24 hours ago
URA overall private home price index rises at slower pace of 0.9% qoq in Q2, against Q1 increase of 1.4%
Kalpana Rashiwala - Singapore’s private residential sector continued to post further moderation on both the price and rental fronts in the second quarter of this...
24 hours ago
URA overall private home price index rises at slower pace of 0.9% q-o-q in Q2; Q1 increase was 1.4%
Kalpana Rashiwala - THE overall private home price index of the Urban Redevelopment Authority (URA) rose at a slower pace of 0.9 per cent in...
24 hours ago
URA overall private home price index rises at slower pace of 0.9% q-o-q in Q2 after 1.4% increase in Q1
Kalpana Rashiwala - The Urban Redevelopment Authority’s (URA) overall private home price index rose at a slower pace of 0.9 per cent in the second...
24 hours ago
FLASH: URA overall private home price index rises at slower pace of 0.9% q-o-q in Q2 after 1.4% increase in Q1
Kalpana Rashiwala - Full story to come.
24 hours ago
Stocks to watch: MIT, Clas, Suntec Reit, Keppel DC Reit, iFast, First Reit
Vivien Ang - THE following companies saw new developments that may affect trading of their securities on Friday (Jul 26):
24 hours ago
CapitaLand Ascott Trust H1 DPS falls 8% to S$0.0255; CEO says top up to distribution is ‘an option’
Megan Cheah - CAPITALAND Ascott Trust (Clas) posted an 8 per cent drop in distribution per stapled security (DPS) to S$0.0255 for the first half...
24 hours ago
CapitaLand Ascott Trust H1 DPS falls 8% to S$0.0255
Chong Xin Wei - CAPITALAND Ascott Trust (Clas) posted an 8 per cent drop in distribution per stapled security (DPS) to S$0.0255 for the first half...
1 day ago
Shipping giant CMA CGM reports solid volumes, sees rates peaking
CMA CGM, the world’s third-largest container carrier, reported a second-quarter jump in cargo volumes and signalled freight rates have probably peaked for...
1 day ago
MAS maintains prevailing rate of appreciation of S$NEER policy band in July MPS
Felicia Tan - The Monetary Authority of Singapore (MAS) will keep the prevailing rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band. There will be no change to its width and the level at which it is centred, says the central bank in its July monetary policy statement ...
1 day ago
Biggest IPO in Japan of 2024 offers innovative fix to job crunch
THE developer of an innovative job matchmaking app helping Japan tackle its severe labour shortage goes public on Friday (Jul 26) following...
1 day ago
Japan's top currency diplomat calls for vigilance to excessive FX fluctuations
RIO DE JANEIRO : Japan has told the Group of 20 meeting they must be increasingly vigilant to excessive, speculative foreign exchange fluctuations, top currency diplomat Masato Kanda said on Thursday."Excessive currency volatility has a negative impact on the economy," Kanda said during a ...