News
Asia: Markets up on hopes over shutdown deal, rate cut
EQUITIES rose in Asia on Wednesday as the US shutdown nears an end and after fresh jobs data boosted the chances of a third successive Federal Reserve interest rate...
ST journalist wins Financial Story of the Year award
Angela Tan recognised for scoop on Kwek family feud; Lianhe Zaobao, CNA938, The Edge Singapore also bag awards [SINGAPORE] Senior business correspondent Angela Tan has bagged the Financial Story...
Gold gains for fourth day on softer dollar, Fed rate-cut optimism
GOLD rose for a fourth straight session on Wednesday, supported by a weaker dollar and expectations that the reopening of the US government and flow of economic data will...
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...
