News
Stocks to watch: Singtel, F&N, SBS Transit, CLAR, Prime US Reit, Stoneweg Europe, BHG Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Nov 12): Singtel : Singtel posted a 176.4 per cent increase in net...
Europe: Stocks close at record high, led by buoyant healthcare shares, hopes for end to US shutdown
EUROPEAN shares closed at a record high on Tuesday, led by healthcare stocks, as investors anticipated an end to the US government shutdown and assessed mixed forecasts from telecom companies...
BHG Retail Reit logs 94.2% committed occupancy rate in Q3, eyes acquisitions
The Reit’s manager is upbeat about economic conditions in China, even though its recovery “may take time”[SINGAPORE] China-focused BHG Retail Real Estate Investment Trust (Reit) recorded a committed occupancy...
Microsoft to invest US$10 billion in Portugal AI data hub
The company is building the hub with Start Campus, a Portuguese developer, and British startup Nscale[LISBON] Microsoft will spend US$10 billion on an artificial intelligence (AI) data centre along...
Stoneweg Europe Stapled Trust divests Slovakia portfolio for 70 million euros
This comes as it focuses on Western European markets with ‘deeper liquidity and stronger tenant demand’ [SINGAPORE] Stoneweg Europe Stapled Trust (Sert) has divested its entire Slovakia investment in...
Sea doubles profit to US$375 million for Q3
[SINGAPORE] Sea reported on Tuesday (Nov 11) a 144.6 per cent increase in its third-quarter earnings to US$375 million, up from US$153.3 million for the year-ago period. Revenue for...
UOB outlook lags that of DBS, OCBC amid spotlight on asset quality in Q3
Analysts remain positive on DBS and OCBC given resilient results supported by strong non-interest income [SINGAPORE] The market outlook for UOB has turned cautious compared with that for DBS...
CapitaLand Ascendas Reit to divest logistics property in Australia for S$90 million
Sale consideration is a 17.2% premium to the original purchase price of S$76.8 million when the property was acquired in 2015[SINGAPORE] CapitaLand Ascendas Reit (Clar) is divesting a logistics...
UK unemployment at its highest since pandemic as jobs market cools
The jobless rate climbed to 5 per cent in the three months through September, up from 4.8 per cent the month before[LONDON] UK unemployment rose more than expected, further...
Wealthy Asian families face succession woes as scions have different ambitions, mindsets: report
The preferences of the younger set should be factored into succession planning, and professionalisation is the pragmatic solution [SINGAPORE] The next generation of Asian families often have different ambitions...
