Japan's core inflation stays below BOJ target, energy risks grow
TOKYO: Japan's core inflation slowed below the central bank's 2 per cent target for a second straight month in March, data showed on Friday (Apr 24), as government fuel subsidies and moderating food inflation offset price pressures from the Iran war-induced energy shock.Analysts expe
ESR-REIT focuses on NAV and DPU growth, targeting 8%–10% total returns a year
Goola Warden - In a recent interview, Adrian Chui, CEO of ESR-REIT’s manager, says his strategy over the past four years has been clear: to reinforce the quality of earnings as well as the quality of assets. On Feb 26, building on a stronger foundation, ESR-REIT introduced a new strategic framework to succeed th ...
Japan March core CPI rises 1.8% yr/yr
TOKYO, April 24 : Japan's core consumer prices rose 1.8 per cent in March from a year earlier, government data showed on Friday.The core consumer price index, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 1.8 per cent annual gai ...
Elite UK REIT’s value creation path
Goola Warden - Since Joshua Liaw was appointed CEO of Elite UK REIT’s manager in May 2023, the REIT has undergone multiple key milestones, such as an expanded investment strategy and venturing into the Living Sector to unlock value within the REIT’s portfolio. These initiatives have translated into a recovery ...
Editor's note
Goola Warden - Dear readers, The Singapore REITs market is 24 years old this year, with around 14 of them more than 20 years old. In these 24 years, these S-REITs have weathered the global financial crisis, the European debt crisis, a few pre-Covid interest rate cycles, Covid, inflation, the Ukraine War, the post- ...
Exclusive-SpaceX refinanced debt with stopgap $20 billion loan before IPO filing
NEW YORK, April 23 : Elon Musk's SpaceX took out a $20 billion bridge loan last month to refinance much of its existing debt ahead of its blockbuster U.S. initial public offering, according to a regulatory filing.The borrowing, revealed for the first time in excerpts of its regulatory filings t ...
SGX RegCo’s disclosure push may strain smaller firms, raise box-ticking risk, analysts warn
Ranamita Chakraborty - Ultimately, how companies approach the exercise will decide if the proposed rules will improve transparency and accountability, they add
The world economy is in the shadow of war, and the warning signs are flashing
Global growth is now projected to slow to 3.1% in 2026 and 3.2% in 2027
Intel forecasts second-quarter revenue above estimates, shares jump 15%
INTEL forecast second-quarter revenue above Wall Street expectations on Thursday, underscoring booming demand for the company’s server processors used for artificial intelligence...
Struggling Nike will cut around 1,400 jobs in efficiency push
Its shares have lost more than half their value in the last three years
Iran shows off its control over Hormuz strait, Israel warns of further attacks
The US, despite its more powerful military, is struggling to keep control of the strait
Iran seizes vessel in Strait of Hormuz, defying US naval superiority
The US, despite its more powerful military, is struggling to keep control of the strait
US-Iran peace talks could resume in Pakistan: sources
The Iranian foreign minister is expected to arrive on Friday night; an American logistics and security team is already in place for...
Israel, Lebanon extend ceasefire as Trump seeks ‘best deal’ with Iran
The US Navy has orders to “shoot and kill” Iranian boats laying mines in Hormuz, says Trump
US stocks close lower on fading hopes for quick Iran deal, mixed quarterly earnings
Markets had rallied in recent weeks on hopes of an Iran war resolution
Exclusive-SpaceX warns that inquiries into sexually abusive AI imagery may hurt market access
MEMPHIS, Tennessee, April 23 : The multiple investigations into xAI’s creation and dissemination of sexually abusive imagery may lead the company to lose access to certain markets, parent company SpaceX warned in a prospectus reviewed by Reuters.In a section on risk factors, the S-1 regulatory fil ...
Oil jumps as Iran tensions simmer with Hormuz flows blocked
OIL jumped amid fresh signs of escalation in the Iran war, dimming prospects for an imminent resumption of flows through the Strait of...
Oil rises on concern over escalating Middle East tensions
Iran on Apr 23 posted video of commandos in a speedboat storming a huge cargo ship
Oil rises on concerns over escalating military tensions in the Middle East
Iran on Apr 23 posted video of commandos in a speedboat storming a huge cargo ship
European shares muted as investors assess Middle East developments, corporate earnings
EUROPEAN shares were little changed on Thursday as investor worries over collapsed US-Iran peace talks and weak economic data outweighed upbeat corporate...
Trading Day: Geopolitical reality check
ORLANDO, Florida, April 23 : Oil prices jumped and Wall Street fell on Thursday, with the Nasdaq having its worst day in a month, as fading hopes of a U.S.-Iran peace deal soured recent optimism around the U.S. earnings season and tech companies in particular. In my column today, I look at the resil ...
German software maker SAP beats first-quarter profit estimates on cloud demand
April 23 : Europe's largest software maker SAP on Thursday reported a 17 per cent increase in first-quarter profit, beating estimates, due to strong growth in its cloud business.U.S.-listed shares of SAP were up 5.4 per cent after the results.The company also maintained its full-year outlook fo ...
SAP reports rise in quarterly profit as cloud demand holds up
April 23 : Europe's largest software maker SAP on Thursday reported a 17 per cent increase in first-quarter profit, boosted by strong cloud demand.Cloud revenue rose to 5.96 billion euros ($6.96 billion) in the quarter, up from 4.99 billion euros a year ago, the German company said.SAP continue ...
UK regulator closes loophole that allowed rogue companies to track phone users' location
April 23 : British authorities say they have closed a loophole that could allow rogue actors to secretly track mobile phone users through the international telecommunications system.In a statement, the U.K. regulator Ofcom said it had banned the leasing of so-called "Global Titles," which ...
Intel forecasts second-quarter revenue above estimates, shares jump 19%
April 23 : Intel forecast second-quarter revenue above Wall Street expectations on Thursday, underscoring booming demand for the company's server processors used for artificial intelligence in data centers.Shares of Intel surged 19 per cent in extended trading, adding $64 billion to its market ...
Intel forecasts second-quarter revenue above estimates
April 23 : Intel forecast second-quarter revenue above Wall Street expectations on Thursday, underscoring booming demand for the chipmaker's server chips used in artificial-intelligence data centers. Intel shares jumped roughly 12 per cent in extended trading on Thursday.The company expects rev ...
US sets preliminary antidumping duties on solar imports from India, Indonesia and Laos
April 23 : The U.S. Commerce Department on Thursday announced preliminary antidumping duties on solar cells and panels imported from India, Indonesia and Laos, the latest in a string of tariffs imposed over a decade on cheap solar imports from Asia.According to a fact sheet posted on the Commerce De ...
Electrolux plans about $1 billion share issue, tie-up with Midea in North America to shake up ops
April 23 : Swedish appliance maker Electrolux said on Thursday it would launch a 9 billion Swedish crown ($976.34 million) rights issue and unveiled a tie-up with rival Chinese Midea Group in North America to form three joint ventures as it restructures its operations.One of the joint ventures will ...
'Cretaceous Kraken' prowled the seas during the age of dinosaurs
WASHINGTON, April 23 : The Kraken is a huge tentacled sea monster from Norse folklore that drags ships and sailors down into the deep. During the age of dinosaurs, new research shows, there existed a creature as close to a real-life Kraken as you could possibly get - an enormous octopus that prowled ...
Brazil regulator approves deeper probe into Google's news content use
SAO PAULO, April 23 : Brazil's antitrust watchdog CADE approved on Thursday a recommendation to deepen investigations into the use of journalistic content by Alphabet's Google, which would assess potential abuse of the company's dominant market position.CADE's members backed a pr ...
Microsoft offers voluntary retirement to about 7% of US workers
Eligible workers include personnel whose years of service plus their age totals 70 or more
Vin’s Holdings announces probe into irregular payments linked to ex-employee
Derryn Wong - Early findings show that the ex-employee overrode internal controls to move S$44,300 to an entity he controlled
America Movil's Claro open to further acquisitions in Brazil after Desktop deal
SAO PAULO, April 23 : Telecom operator Claro, owned by Mexico's America Movil, is open to new deals in Brazil following its recently announced purchase of internet provider Desktop."We analyze all the options that come our way," Claro's Brazil CEO Rodrigo Marques told reporters i ...
Microsoft plans first voluntary employee buyout, CNBC reports
Microsoft is planning its first voluntary employee buyout in the Windows maker's 51-year history, CNBC reported on Thursday (Apr 23), citing a memo.Like other United States tech giants, Microsoft has been spending aggressively on artificial intelligence. But adoption of one of its flagship AI s ...
