News
BRC Asia signs pact to buy majority stake in Southern Steel Mesh for RM61 million
[SINGAPORE] Steel fabricator BRC Asia said on Tuesday (Apr 22) it has entered into a conditional share purchase agreement to buy a controlling stake of 55 per cent in...
Walmart-backed Flipkart to shift base back to India from Singapore
Published Tue, Apr 22, 2025 · 07:26 PM[BENGALURU] Flipkart will shift its holding company from Singapore to India, the e-commerce company said on Tuesday (Apr 22), as its parent...
Indian banks hit record as new RBI liquidity rules boost outlook
The rally – led by private lenders – reflects growing investor confidence that the sector’s credit growth is recovering from last year’s slumpPublished Tue, Apr 22, 2025 · 06:38...
Offshore renminbi funding costs in Hong Kong sink to record low
[HONG KONG] The cost to borrow the offshore renminbi in Hong Kong dropped to the lowest since data became available in 2013, putting pressure on the Chinese currency even...
Paragon Reit unitholders give nod to privatisation offer
[SINGAPORE] Unitholders of Paragon Real Estate Investment Trust (Reit) approved the scheme resolution proposed by Cuscaden Peak’s Times Properties to take the trust private. Its delisting is expected on...
Sabana Reit unitholders vote against resolution to initiate price discovery process at EGM
[SINGAPORE] A resolution tabled by some Sabana Industrial Real Estate Investment Trust (Sabana Reit) unitholders to initiate a price discovery process with a view to selling the Reit’s properties...
UBS to sell India wealth business to 360 ONE, take 5% stake in India partner
This deal will see the firm relinquish equity control in its India onshore wealth business while taking up the offshore wealth business of its local partnerPublished Tue, Apr 22,...
JPMorgan to expand San Francisco office in boost to downtown
[SAN JOSE] JPMorgan Chase is expanding its San Francisco office and committing its marquee healthcare conference to the city for another year, offering a boost to Mayor Daniel Lurie’s...
Circle plans stablecoin-powered cross border payment network
[NEW YORK] Circle Internet Group is launching a payments network designed to allow financial institutions and technology firms to settle cross-border transactions in stablecoins.The network is designed to link...
Stocks to watch: FCT, Parkway Life Reit, KIT, ESR Reit, Nanofilm, Paragon Reit
[SINGAPORE] The following companies saw new developments that may affect trading of its securities on Tuesday (Apr 22).Frasers Centrepoint Trust (FCT): The trust’s manager on Monday said that its...
