Posts by Stephanie Irvin
Stoneweg European Reit secures lease renewals with Motorola and Coolblue
[SINGAPORE] Stoneweg European Reit (Sert) has renewed two major leases across two office assets involving tenants Motorola Solutions and Coolblue BV, the Reit’s manager announced on Thursday (Apr 24). The leases span about 27,000 square meters (sq m) in the Netherlands and Poland. The global public safety and enterprise security firm Motorola Solutions extended its…
Read MoreKeppel Infrastructure Trust downgraded to ‘hold’; Mapletree Logistics Trust ‘buy’ call maintained: DBS
[SINGAPORE] Analysts from DBS Group Research are mixed on some real estate investment trusts (Reits) this earnings season – where they have kept their “buy” rating on logistics-focused Mapletree Logistics Trust (MLT), but downgraded Keppel Infrastructure Trust (KIT) to hold. This is amid widespread economic uncertainty – mainly from the recent US-China trade war –…
Read MoreHSBC launches wealth centre at Star Vista, seeks to deepen local wealth banking network
[SINGAPORE] HSBC Singapore has launched its newest wealth centre in Singapore at The Star Vista mall in Buona Vista, marking the second of three planned sites as the bank pivots towards a strategy based around physical wealth banking services, the bank announced on Friday (Apr 25). The branch, which will provide HSBC clients with bespoke…
Read MoreHongkong Land to sell 147,025 sq ft of One Exchange to HKEX, launch share buyback programme
[SINGAPORE] Property group Hongkong Land will sell 147,025 square feet (sq ft) of One Exchange Square to Hong Kong’s stock exchange operator for HK$6.3 billion (S$1.1 billion) and launch a share buyback programme. Proceeds from the sale, alongside other capital recycling activities executed during the fiscal year ended December 2024, will finance a US$200 million…
Read MoreSouthwest CEO says US airline industry is already in a recession
The Dallas-based carrier is more dependent on domestic leisure travellers for revenue than US peers with more extensive international operations and corporate business clients Published Fri, Apr 25, 2025 · 09:50 AM [DALLAS] Southwest Airlines’s chief executive officer is not waiting for economists to declare a technical downturn in the US economy: As far as…
Read MoreJD.com’s delivery clash with Meituan may worsen US$70 billion rout
[HONG KONG] While much of the world is focused on a volatile international trade war, two of China’s largest Internet companies are inflicting greater damage on each other at home. JD.com has launched a costly battle to steal market share away from food-delivery leader Meituan, while the latter has been encroaching on the former’s e-commerce…
Read MoreUS bank regulators pull back guardrails on bank crypto activities
Published Fri, Apr 25, 2025 · 08:05 AM [WASHINGTON] US banking regulators announced on Thursday (Apr 24) that they were pulling back several documents that urge banks to show caution when dabbling in cryptocurrency and related activities. The US Federal Reserve said it was withdrawing a pair of supervisory letters stipulating that banks should seek…
Read MoreIntel delivers disappointing forecast, moves to slash jobs
[SAN FRANCISCO] Intel, the chipmaker attempting a comeback under new chief executive officer Tan Lip-Bu, gave a weak forecast for the current period and said it’s cutting workers to bring costs in line with the business’s smaller size. Second-quarter revenue will be between US$11.2 billion and US$12.4 billion, the company said on Thursday (Apr 24).…
Read MoreUS: Stocks rise for 3rd straight day
Published Fri, Apr 25, 2025 · 06:06 AM [NEW YORK] Wall Street stocks rallied for a third straight session on Thursday (Apr 24), shrugging off mixed earnings and signs US trade deals with China and the European Union are not imminent. China poured water on the likelihood of a speedy deal with Washington, with a…
Read MoreUS: S&P 500 edges higher with trade negotiations, earnings in focus
Published Thu, Apr 24, 2025 · 09:48 PM [NEW YORK] The S&P 500 edged up at the open on Thursday (Apr 24), as investors assessed a bevy of mixed corporate results and developments in the US-China trade war. The Dow Jones Industrial Average fell 75.5 points, or 0.19 per cent, at the open to 39,531.05.…
Read More