Leadership
Over 75% of S-Reits log DPU declines in H2; expected interest rate cuts may offer reprieve
HIGHER interest costs continued to weigh on distributions for locally listed real estate investment trusts (S-Reits) in the second half of 2023. More than three-quarters of the trusts that...
China’s Antfin sells Zomato stake worth US$341.5 million
CHINA’S Antfin sold a 2.1 per cent stake in Indian food delivery platform Zomato worth US$341.5 million on Wednesday (Mar 6), stock exchange data showed. The stake sale comes...
Gold extends surge as Powell says rate cut likely this year
GOLD extended gains after hitting a record in the previous session as Federal Reserve Chair Jerome Powell reiterated the US central bank will likely cut interest rates this year....
IBM says use of Adobe AI tools in marketing boosted productivity
INTERNATIONAL Business Machines (IBM) on Wednesday (Mar 6) said that its initial testing of generative artificial intelligence (AI) tools from Adobe has resulted in productivity improvements. IBM said it...
Minority shareholders’ request to table resolutions at AGM not in order: Great Eastern
The recent request by a minority shareholder of Great Eastern Holdings (GEH) to table resolutions at its upcoming annual general meeting (AGM) “does not satisfy all of the requirements”...
US dollar slips before Powell speech, Bitcoin resumes rally
THE US dollar was a touch softer on Wednesday (Mar 6), as traders kept their powder dry ahead of the first leg of congressional testimony from Federal Reserve chair...
JD.com beats quarterly revenue estimates as heavy discounts buoy demand
CHINESE online retailer JD.com reported fourth-quarter revenue above estimates on Wednesday (Mar 6) and upsized its share repurchase program, as aggressive price cuts helped revive demand from consumers grappling...
Bank Negara taking action to encourage flows into forex market
MALAYSIA’S government and central bank are taking coordinated action to further increase flows into the foreign exchange market to ensure the ringgit remains stable, Bank Negara Malaysia governor Abdul...
