News
Europe: Shares flat amidst inflation data, trade jitters
EUROPE’S benchmark stock index ended little changed on Tuesday, as investors ceded ground under the dual pressure of softening economic indicators and persistent global trade anxieties.The pan-European Stoxx 600 closed...
Fed’s Bostic wants more progress on inflation, in no rush to cut
[NEW YORK] US Federal Reserve Bank of Atlanta president Raphael Bostic said he’s in no rush to move interest rates, adding he wants to see “a lot” more progress...
Semiconductor manufacturer Frencken to build new S$63 million plant in Kaki Bukit
[SINGAPORE] Semiconductor maker Frencken will invest S$63 million to build a new and larger five-storey manufacturing facility in Kaki Bukit. The new site will be built on a plot...
Temasek’s Mapletree Investments returns to profit, hits record AUM of S$80.3 billion in FY2025
[SINGAPORE] Temasek’s Mapletree Investments reversed a loss from the previous year to turn a profit of S$227.2 million for the full-year ended Mar 31, on the back of narrowed...
Singapore hedge fund Arrowpoint capitalised on May market turmoil
[HONG KONG] Singapore’s multi-strategy hedge fund Arrowpoint Investment Partners has made gains by exploiting market dislocations triggered by global trade tariff shocks and sees more arbitrage opportunities ahead, its...
Hong Leong-led consortium secures S$692 million green loan from DBS, OCBC for Tengah’s first private mixed-use project
[SINGAPORE] A consortium led by Hong Leong Holdings has secured a S$692 million green loan to finance the development of Tengah’s first nature-centric private mixed-use residential project.DBS, the anchor...
Frasers unit to buy S$48 million Yishun cinema complex from Golden Village
[SINGAPORE] A wholly owned subsidiary of Frasers Property has agreed to buy a cinema complex in Yishun Central from Golden Village Multiplex and lease back the property to the...
Australia central bank pondered outsized rate cut in May, decided to be predictable
[SYDNEY] Australia’s central bank considered cutting interest rates by an outsized 50 basis points last month as “insurance” against global trade risks, but decided to go the predictable route...
US airlines oppose credit card fee crackdown they say could imperil free flight offers
[WASHINGTON] Major airlines said on Monday they oppose a new effort to advance legislation that would reduce fees charged by Visa and Mastercard on transactions, saying it could force...
Toyota to take key supplier private in US$33 billion deal
[TOKYO] Toyota Motor will take forklift-maker Toyota Industries private in a US$33 billion deal, the companies said on Tuesday (Jun 3), a landmark unwinding of cross-shareholding that is likely...
