Lifestyle
Brokers’ take: OCBC downgrades Suntec Reit as funding costs continue to weigh
OCBC Investment Research has downgraded Suntec Real Estate Investment Trust (Reit) to “sell” as it expects marginal decline in financing costs in the near term. The research house believes...
China’s massive steel industry is facing a wave of bankruptcies
CHINA’S steel crisis is setting the stage for a wave of bankruptcies and speeding a much-needed consolidation of the industry, according to Bloomberg Intelligence (BI).Almost three-quarters of the country’s...
Watchdog takes aim at Australia’s supermarket duopoly
AUSTRALIA’S competition watchdog sued the country’s two biggest grocery chains on Monday, alleging “discount” offers on hundreds of staples were more expensive than original prices.The regulator said Woolworths and...
Gold prices hover near record highs on Fed’s aggressive rate stance
GOLD prices hovered near record highs on Monday (Sep 23), as traders embraced the momentum generated by the US Federal Reserve’s bold interest rate cut and signs that further...
Singapore shares open higher on Monday; STI up 0.1%
SINGAPORE shares began Monday (Sep 23) trading in positive territory, despite last week’s losses in global markets. As at 9.01 am, the Straits Times Index (STI) climbed 0.1 per cent...
Ascott to open 28 properties in South-east Asia in 2024
ASCOTT, the wholly owned lodging business unit of CapitaLand Investment (CLI), expects to open 28 properties across South-east Asia in 2024. On Monday (Sep 23), Ascott said the new...
US to propose ban on Chinese software, hardware in connected vehicles: sources
THE US Commerce Department is expected on Monday (Sep 23) to propose prohibiting Chinese software and hardware in connected and autonomous vehicles on American roads due to national security...
TSMC, Samsung weigh adding chip factories in UAE: report
TAIWAN Semiconductor Manufacturing Company (TSMC) and Samsung Electronics have discussed building major new factories in the United Arab Emirates in coming years to help satisfy soaring demand for artificial...
