Leadership
Fintech Validus bags US$50 million loan to fund Indonesian MSMEs
VALIDUS has secured a debt facility of up to US$50 million from HSBC under the lender’s Asean growth fund strategy. Proceeds will be deployed through Validus’ Indonesian subsidiary Batumbu to...
Stocks to watch: Nio, Sats, Sembcorp
THE following companies saw new developments that may affect trading of their securities on Monday (Sep 2):
Weakness in ferrous metal prices expected to persist amid China’s property, economic recovery woes
A sluggish Chinese economy has dampened the industrial metal markets, particularly the demand for iron and steelFERROUS metal prices are taking the hardest hit, analysts said, as concerns over...
‘Wrong instructions’ by EC World Reit sponsor CEO led to illegal mortgages, says legal counsel
THE chief executive officer of EC World Real Estate Investment Trust’s (Reit) sponsor gave wrong instructions to employees, and this led to the creation of unauthorised mortgages, investigations into...
China’s Sinochem plans to exit US shale JV with Exxon: sources
CHINESE state-backed oil and chemicals company Sinochem is planning to sell its 40 per cent stake in a US shale joint venture (JV) with oil major ExxonMobil, valued upwards...
US: Wall Street opens higher after July inflation data
Wall Street’s main indexes opened higher on Friday (Aug 30) after a key inflation report reiterated price pressures were moderating, cementing bets for an interest-rate cut at the Federal...
Singtel raises S$1.48 million for students with special needs
SINGTEL, on Friday (Aug 30), raised S$1.48 million in its annual charity golf event to support students with special needs across six adopted special education (Sped) schools. This marks...
Country Garden delays 2023 annual results again
CHINA’S largest property developer Country Garden on Friday (Aug 30) further delayed the release of its 2023 financial results, as it needed more time amid an ongoing debt restructuring.The...
China’s top airlines post losses, hit by slow international travel and domestic oversupply
CHINA’S leading state-owned airlines posted losses in the first half of the year, weighed down by a slower-than-expected international travel rebound, domestic oversupply and more intense competition as aviation...
