News
SIA Group’s passenger traffic up 5.4% in August
Passenger traffic is at 13.6 billion for the month, compared with 12.9 billion in the corresponding period last year[SINGAPORE] Passenger traffic for the two carriers under the Singapore Airlines...
Tencent appoints banks for first bond sale in four years
The company is proposing to sell offshore-yuan denominated notes with five-year, 10-year and 30-year tenors as early as Tuesday[HONG KONG] Chinese technology and mobile gaming giant Tencent Holdings has...
Brookfield in talks to buy Yes! Communities from Singapore’s GIC in US$10 billion deal, FT reports
Denver-based Yes! manages tens of thousands of factory-built affordable homes in the US[SINGAPORE] Brookfield Asset Management is in talks to acquire Yes! Communities from Singapore’s GIC in a deal...
Politics drive investment divide in South-east Asia’s top markets
POLITICAL upheaval is driving a split in South-east Asia’s financial landscape, as investors bet that the worst may finally be over in Thailand but only just getting started in...
S-Reits deliver double-digit total returns in Q3 as investors await rate cuts
[SINGAPORE] Real estate investment trusts in Singapore (S-Reits) rebounded strongly in the third quarter to date, with the iEdge S-Reit index delivering total returns of 10.3 per cent since...
Hedge funds slash bullish oil bets to lowest ever amid Opec hike
[NEW YORK] Hedge funds chopped their bullish position on US crude to the lowest on record as the Opec+ alliance’s latest decision to boost production compounded already-gloomy forecasts that...
China sets 2025 auto sales target below association forecast, vows tighter regulation
[SHANGHAI] China is targeting 32.3 million in vehicle sales in 2025, the country’s industry ministry said, below the 32.9 million units projected for the year by the China Association...
US penalises two Chinese companies that acquired tools for chipmaker SMIC
[NEW YORK] The US on Friday (Sep 12) penalised two Chinese firms that acquired US chipmaking equipment for China’s top chipmaker Semiconductor Manufacturing International Corporation (SMIC), including them among...
US: Nasdaq notches record high close, traders look to Fed meeting
[BENGALURU] The Nasdaq notched a record high close on Friday (Sep 12) in a mixed trading session, lifted by Microsoft as investors looked ahead to the Federal Reserve’s policy...
California’s Punjabi truckers say they’re being harassed after deadly Florida wreck
For 15 years, Sumit Singh has hauled freight to and from Los Angeles ports and across the country. For the first time, though, the Punjabi Sikh truck driver is...
