News
Putin defiant after Trump sanctions Russian oil majors over Ukraine
[MOSCOW] Russian President Vladimir Putin remained defiant on Thursday after US President Donald Trump hit Russia’s two biggest oil companies with sanctions to pressure the Kremlin leader to end the war...
Applied Materials to cut 4% of global staff after sales slow
[SAN FRANCISCO] Applied Materials, the largest US producer of chipmaking equipment, plans to cut 4 per cent of its global workforce as it copes with a sales slowdown and...
Oil surges 5% after US sanctions Russian firms Rosneft, Lukoil
[NEW YORK] Oil prices surged around 5 per cent to a two-week high on Thursday after the US imposed sanctions on major Russian suppliers Rosneft and Lukoil over Moscow’s war in...
US bank reserves fall second week, extend drop below US$3 trillion
The drop comes as the Treasury has ramped up debt issuance to rebuild its cash balance following the increase in the debt ceiling in July[NEW YORK] The US banking...
Indonesia launches 6 billion yuan dim sum bond, to be listed on SGX
The bond offers yields of 2.5% on five-year notes and 2.9% on the 10-year tranche[SINGAPORE] Indonesia has launched its debut offshore renminbi-denominated, or dim sum, bond, raising six billion...
Standard Chartered issues payment demand to mm2 Asia units over S$905,000 debt
[SINGAPORE] Standard Chartered has issued letters of demand to two associated companies of entertainment group mm2 Asia, seeking repayment of S$905,582.87 by Thursday (Oct 23).The letters, dated Oct 16,...
US: Wall Street opens flat as Tesla, IBM results underwhelm
[NEW YORK] Wall Street opened flat on Thursday (Oct 23) as lacklustre earnings from Tesla and IBM dampened investor mood, while brewing trade tensions between the US and China...
Sabana Reit completes internal management transition, renamed as Alpha Integrated Reit
[SINGAPORE] Sabana Industrial Real Estate Investment Trust (Reit) has completed its long-anticipated internalisation of its manager. Alpha Integrated Reit Management has been appointed as the trust’s new manager, replacing...
Suntec Reit’s Q3 DPU rises to S$0.01778
The improvement comes amid stronger operational performance of its Singapore portfolio and lower financing costs[SINGAPORE] The manager of Suntec Real Estate Investment Trust (Reit) on Thursday (Oct 23) posted...
UOI 9-month comprehensive income rises 34.9% to S$40.6 million on investment gains
The improvement is mainly driven by marked-to-market gains on equity and fixed-income investments[SINGAPORE] United Overseas Insurance (UOI), the general insurance arm of UOB, reported a 34.9 per cent increase...
