News
CICT to divest Bukit Panjang Plaza for S$428 million
The sale is being undertaken to optimise the Reit’s portfolio and to give it greater financial flexibility[SINGAPORE] CapitaLand Integrated Commercial Trust (CICT) has agreed to divest Bukit Panjang Plaza...
Toyota raises offer for Toyota Industries by 15%
[TOKYO] Toyota Motor said on Wednesday (Jan 14) the tender price for group firm Toyota Industries was raised to 18,800 yen (S$152.29) per share as part of the plan...
China’s customs agents are told Nvidia’s H200 chips not permitted: sources
It is unclear whether the directives apply to existing orders for H200 chips, or only to new orders[BEIJING] The Chinese customs authorities told customs agents this week that Nvidia’s...
Luxury retailer Saks Global files bankruptcy after turnaround fails
US$1 billion debtor-in-possession financing, pending court approval, will fund Saks’ operations and turnaround[NEW YORK] Saks Global Enterprises filed for bankruptcy to address mounting losses and a substantial debt load...
China tightens margin financing requirements to cool red-hot stock market
[BEIJING/SHANGHAI] Chinese stock exchanges on Wednesday (Jan 14) tightened margin requirements in a surprise move to cool a red-hot stock market, after onshore turnover and leverage bets hit records.China...
YZJ Maritime invests in 16 new vessels amid maritime asset portfolio expansion push
[SINGAPORE] Maritime financial solutions provider Yangzijiang Maritime (YZJ Maritime) on Wednesday (Jan 14) announced that it placed newbuilding orders with three Chinese shipyards for a total of 16 vessels....
Maybank initiates ‘buy’ coverage on Soon Hock with S$0.75 target
[SINGAPORE] Maybank Research has initiated coverage on industrial real estate specialist Soon Hock Enterprise with a target price of S$0.75, citing strong visible earnings from its development pipeline and...
Gold near record-highs as softer US inflation fuels Fed rate-cut bets
GOLD rose on Wednesday, holding near record highs set in the previous session, while silver set another all-time high, nearing the US$90 mark, as softer-than-expected US inflation readings cemented US...
Australian, New Zealand dollars seesaw on greenback, keep climbing on yen
[SYDNEY] The Australian and New Zealand dollars steadied on Wednesday after their US peer enjoyed a broad bounce overnight, while both currencies extended gains on the yen as expectations...
Global EV sales growth likely to slow after 20% jump in rocky 2025: research firm
GLOBAL EV registrations grew 20 per cent last year but are likely to lose pace in 2026, data showed on Wednesday, as a slowdown in China and a relaxation...
