Posts by Stephanie Irvin
Elite UK Reit to acquire three UK government-leased assets for £9.2 million
[SINGAPORE] The manager of Elite UK Real Estate Investment Trust (Reit) announced on Tuesday (Jun 10) that the Reit has entered into a conditional sale-and-purchase agreement to acquire three freehold government infrastructure assets in the United Kingdom for £9.2 million (S$15.9 million). The seller is Elite Phoenix, a subsidiary of Elite UK Commercial Fund II. …
Read MoreJumbo ventures beyond chilli crab to bring famous Siji Minfu Peking duck chain to Singapore
[SINGAPORE] Home-grown seafood restaurant group Jumbo has inked a joint venture with Chinese roast duck brand Siji Minfu to bring its signature Peking duck to Singapore. While no launch date was provided, the restaurant is expected to open at Resorts World Sentosa, featuring the brand’s famed traditionally roasted Peking duck and its hallmark northern Chinese…
Read MoreAsia: Markets extend gains as China-US talks head into second day
[HONG KONG] Asian stocks squeezed out more gains on Tuesday as the latest round of China-US trade talks moved into a second day, with one of Donald Trump’s top advisers saying he expected “a big, strong handshake”. There is optimism the negotiations – which come after the US president spoke to Chinese counterpart Xi Jinping…
Read MoreGold falls as traders watch US-China trade talks in London
GOLD declined on Tuesday as market participants awaited further developments from ongoing US-China trade talks in London, with negotiations extending into a second day. Spot gold fell 0.5 per cent to US$3,311.16 an ounce, as of 0125 GMT. US gold futures also fell 0.7 per cent to US$3,330.90. High-level trade talks between the US and Chinese officials are extending into…
Read MoreChina’s WeRide, Malaysia’s Causeway Link among firms bidding to run driverless public buses in S’pore
[SINGAPORE] The local offshoot of Chinese self-driving technology company WeRide and a consortium led by Malaysian bus operator Handal Indah, also known as Causeway Link, are among four companies that have submitted bids to participate in a trial of autonomous public bus services here. The Land Transport Authority (LTA) called a tender in January seeking…
Read MoreStocks to watch: OCBC, Kim Heng
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jun 10). OCBC: Independent directors of Great Eastern Holdings (GEH) are recommending that shareholders to accept OCBC’s conditional exit offer that will ultimately lead to the delisting of the insurer. This is based on advice from EY, the independent…
Read MoreS&P downgrades Warner Bros bonds deeper into junk status
Published Tue, Jun 10, 2025 · 07:16 AM S&P Global Ratings cut Warner Bros Discovery’s unsecured bond ratings deeper into junk status after the media company announced it was splitting up, and said that it’s reviewing downgrading other ratings of the company. The bond grader said it downgraded Warner Bros Discovery’s unsecured notes to BB,…
Read MoreApple plays it safe on AI despite Wall Street pressure
[CUPERTINO, United States] Apple on Monday remained on its cautious path to embracing generative AI even as rivals race ahead with the technology and Wall Street expresses doubts over its strategy. The pressure was on Apple not to disappoint at its annual Worldwide Developers Conference (WWDC) a year after the iPhone juggernaut made a promise…
Read MoreBarclays cuts more than 200 investment bank jobs to reduce costs
[LONDON] Barclays is preparing to cut more than 200 jobs in its investment bank in the coming days as part of chief executive officer CS Venkatakrishnan’s plan to boost the profitability of the division. Staffers in investment banking, global markets and research will likely be affected, according to people familiar with the matter, who asked…
Read MoreAsia healthcare assets risk overvaluation as private investors scoop them up
[SINGAPORE] As private equity (PE) investors pour money into Asian healthcare, some observers are concerned that this sector could soon overheat. Some recent deals this year include KKR’s US$400 million purchase of a 54 per cent stake in India’s Healthcare Global Enterprises in February. In Singapore, another American PE firm TPG took Catalist-listed nursing operator…
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