European investment firm EQT to take Japan's Fujitec private for $2.7 billion
TOKYO :European investment firm EQT will launch a $2.7 billion tender offer for Fujitec at 5,700 yen per share, the Japanese elevator maker said on Wednesday.Following completion of the tender offer, EQT would own 85 per cent, while Fujitec's founding family would roll over a 15 per cent minori ...
European fund EQT to take Japan's Fujitec private for $2.7 billion
TOKYO :European investment fund EQT will launch a $2.7 billion tender offer for Fujitec at 5,700 yen per share, the Japanese elevator maker said on Wednesday.Following completion of the tender offer, EQT would own 85 per cent, while Fujitec's founding family would roll over a 15 per cent minori ...
Visa beats quarterly estimates on resilient consumer spending but steady forecast drags shares
The shifting US tariff policies may already be weighing on cross-border payments growth
Beyond coffee, Joe & Dough serves up wholesale bakes and new formats overseas
Bapat Sara Manish - The Singaporean cafe chain is trying out bigger ideas in Indonesia
Keppel Reit H1 DPU falls by 2.9% to S$0.0272
Chloe Lim - [SINGAPORE] Keppel Real Estate Investment Trust (Reit) on Wednesday (Jul 30) reported a 2.9 per cent decline in its distribution per unit...
MAS maintains rate of appreciation of the S$NEER band in July MPS
Felicia Tan - The Monetary Authority of Singapore (MAS) will maintain the rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band in July after easing its monetary policy in January and April this year. There will be no change to the band’s width and the level at which ...
Mondelez beats second-quarter estimates on strong international demand
CADBURY-PARENT Mondelez International beat Wall Street estimates for second-quarter revenue and profit on Tuesday, supported by steady consumer demand for its higher-priced...
CapitaLand China Trust H1 DPU falls 17.3% to S$0.0249
Lindsay Wong - Net property income down 9.7% at S$106.5 million
Chinese stock loses 90% in minutes after pump-and-dump warning
Bear Cave’s report has urged US regulators to stop trading in Pheton’s stock
China stock Pheton plunges 90% in minutes after pump-and-dump warning
Bear Cave’s report urged US regulators to stop trading in Pheton as “scammers” spread rumours that Gilead Sciences will acquire Pheton
CDL Hospitality Trusts H1 DPS falls 21.1% to S$0.0198
Shikhar Gupta - Revenue stands at S$125.1 million, down 1.8% from the same period the year before
CDL Hospitality Trusts H1 DPS falls 21.1% to S$0.0198 as W Hotel renovations continue
Shikhar Gupta - Revenue stands at S$125.1 million, down 1.8% across the same period the year before
CDL Hospitality Trusts H1 NPI drops 11.9% to S$58.6 million as W Hotel renovations continue
Shikhar Gupta - Revenue stands at S$125.1 million, down 1.8% across the same period last year
Stocks to watch: Hotel Properties Ltd, Hongkong Land, Keppel Reit, CLCT, Starhill Global Reit, FEHT
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jul 30):
Stocks to watch: Hotel Properties Limited, Hongkong Land, Keppel Reit, CLCT, Starhill Global Reit, FEHT
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jul 30):
LG Energy Solution signs $4.3 billion battery supply contract
SEOUL :South Korean battery maker LG Energy Solution (LGES) said on Wednesday it had signed a $4.3 billion contract to supply lithium iron phosphate (LFP) batteries over three years globally, without identifying the customer. The company, whose major customers include Tesla and General Motors, did n ...
LG Energy Solution wins $4.3 billion battery supply contract
SEOUL :South Korean battery maker LG Energy Solution said on Wednesday it had signed a $4.31 billion contract to supply lithium iron phosphate (LFP) batteries over three years globally. It did not name the counterpart in the regulatory filing.
CDL Hospitality Trusts' 1HFY2025 DPS declines by 21.1% y-o-y
The Edge Singapore - In 1HFY2025, CDL Hospitality Trusts (CDLHT) reported distribution per stapled security (DPS) of 1.98 cents, down 21.1% y-o-y, and total distributions of $25.1 million after retention for working capital, down 20.2% y-o-y. The decline was partly attributed to The Castings, where NPI during the ramp-u ...
Goldman taps art advisory in Asia as wealthy plan for heirs
Wealthy entrepreneurs who built their fortunes in areas such as the property business in the past two decades are increasingly exploring options...
Goldman pitches wealthy Asian heirs on leveraging family art
Wealthy entrepreneurs who built their fortunes in areas such as the property business in the past two decades are increasingly exploring options...
Starbucks CEO details brand reset plan as turnaround efforts drive sales beat
STARBUCKS reported better-than-expected revenue rise for the third quarter, as demand in China improved while investments in labor and store operations, and...
Singapore leaves monetary policy settings unchanged in July
Elysia Tan - Full-year core and headline inflation forecasts remain unchanged at 0.5 to 1.5 per cent
Far East Hospitality Trust H1 DPS falls 9.2% to S$0.0178
Therese Soh - Distribution to stapled security holders drops 8.7% to S$36 million from S$39.5 million
Far East Hospitality Trust H1 DPS falls 9.2% to S$0.0178 on lower contributions from Singapore hotels, serviced residences
Therese Soh - Distribution to stapled security holders drops 8.7% to S$36 million from S$39.5 million
First direct flight from Pyongyang lands in Moscow
[MOSCOW] A passenger plane from Pyongyang landed at Moscow’s Sheremetyevo Airport on Tuesday, the first direct flight from the North Korean capital...
Fed to avoid clear signal on rate-cut timing
US President Donald Trump has not ceased his calls for rate cuts
CapitaLand China Trust's DPU fell by 17.3% y-o-y in 1H2025
The Edge Singapore - CapitaLand China Trust's (CLCT) 1H2025 Distribution Per Unit (DPU) fell by 17.3% y-o-y to 2.49 cents after retention. CLCT's manager retained $1.75 million The lower DPU resulted from a decline in gross revenue, net property income and the weakening of the Renminbi (RMB) against the Singap ...
CapitaLand China Trust's DPU falls by 17.3% y-o-y in 1HFY2025
The Edge Singapore - CapitaLand China Trust's (CLCT) 1HFY2025 distribution per unit (DPU) fell by 17.3% y-o-y to 2.49 cents after retention. CLCT's manager retained $1.75 million. The lower DPU resulted from a decline in gross revenue, net property income and the weakening of the renminbi (RMB) against the Sin ...
Keppel REIT"s 1H2025 DPU declined by 2.9% y-o-y
Keppel REIT achieved a 1H2025 DPU of 2.72 cents, down 2.9% y-o-y, translating into an annualised DPU yield of 5.7% as of the closing price on July 29. Distributable income including Anniversary Distribution for 1H2025 decreased by 1.3% year-on-year to $105.5 million, which is primarily due to the pa ...
Keppel REIT's 1HFY2025 DPU declines by 2.9% y-o-y
Keppel REIT achieved a 1HFY2025 distribution per unit (DPU) of 2.72 cents, down 2.9% y-o-y, translating into an annualised DPU yield of 5.7% as of the closing price on July 29. Distributable income for 1HFY2025, including an anniversary distribution, decreased by 1.3% y-o-y to $105.5 million, which ...
US Fermilab hit in cyberattack targeting Microsoft’s SharePoint, Bloomberg News reports
U.S. Fermi National Accelerator Laboratory, one of the Department of Energy's 17 national labs, was attacked by hackers as part of a recent campaign seeking to exploit flaws in Microsoft's SharePoint software, Bloomberg News reported on Tuesday, citing a spokesperson from the department. & ...
Bank of Japan to hold rate steady with likely upgrade to price view
The lowering of auto levies from the 25% that Trump imposed in April, in particular, is set to provide relief for a...
FEHT reports lower 1HFY2025 distribution of 1.78 cents per unit
The Edge Singapore - Far East Hospitality Trust has reported dividend per security of 1.78 cents for its 1HFY2025, down 9.2% y-o-y, with both net property income and gross revenue lower for the half year ended June. FEHT attributes lower topline of $51.6 million, down 4.2% y-o-y, to its weaker Singapore hotels, but part ...
Oiltek 1HFY2025 earnings up 37.5% y-o-y to RM14.1 million
The Edge Singapore - Oiltek International's revenue for 1HFY2025 was up just 0.4% y-o-y to RM100.8 million but with better margins, earnings for the same half year ended June was up 37.5% y-o-y to RM14.1 million. The company, which is going for a secondary listing on the Bursa, plans to pay an interim dividend of 0 ...
