News
Stoneweg E-Reit manager unveils proposed conversion to stapled group
The move will enhance corporate structure and has potential to optimise tax efficiency and the holding structure of properties, its manager notes[SINGAPORE] The manager of Stoneweg European Reit (Stoneweg...
Chinese firms place US$16 billion in order for new Nvidia chips: report
Washington has banned exports of the company’s most advanced chips to China since 2022[BENGALURU] Chinese companies including ByteDance, Alibaba Group and Tencent Holdings have placed at least US$16 billion...
Apple production hubs hit by tariffs, sending shares plummeting
[LOS ANGELES] Apple is finding itself squarely in the crosshairs of US President Donald Trump’s new tariffs, even after a years-long effort to insulate the iPhone maker from trade...
Europe: Stocks drop ahead of Trump’s tariff announcement
[BENGALURU] European shares fell on Wednesday (Apr 2), weighed by losses in healthcare stocks, as investors awaited tariff plans from US President Donald Trump that some fear could slow...
Amazon places bid on TikTok as deadline looms
Amazon reportedly has made a bid to buy TikTok, the popular video app that is in danger of being banned in the U.S. if it can’t reach a deal...
Dollar dips as Trump tariff plan keeps traders on edge
[SINGAPORE] The dollar slipped and other currencies held in tight ranges on Wednesday (Apr 2) as traders awaited details of US President Donald Trump’s plans for tariffs, which could...
One Raffles Quay inks S$1.13 billion sustainability-linked loan from DBS, other banks
The office complex will work towards meeting targets such as reducing energy and water usage by 20-29%[SINGAPORE] Office complex One Raffles Quay has obtained a five-year, S$1.13 billion sustainability-linked...
OCBC to finance £10 billion in UK investments by 2030 under new partnership
[SINGAPORE] OCBC plans to deploy £10 billion (S$17.4 billion) in financing over the next six years to support foreign direct investment into the United Kingdom, the bank said on...
Volvo Cars sales fall 10% in March as fully electric sales dive
[STOCKHOLM] Volvo Cars sold 70,737 cars in March, down 10 per cent from a year earlier as sales of fully electric cars tumbled, the Sweden-based company said on Wednesday...
Maybank initiates coverage on Centurion with ‘buy’ call with construction boom in Singapore expected
[SINGAPORE] Maybank on Friday (Mar 28) initiated coverage of Centurion with a “buy” call, on optimism over the tighter supply of worker dormitory beds in Singapore and strong construction...
