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Sats, Sinotrans to collaborate on strategic projects in ground, cargo handling
Sats, Sinotrans to collaborate on strategic projects in ground, cargo handling
The collaboration will extend across their respective networks and include setting up gateway hubs for SinoairSATS will collaborate with Chinese logistics company Sinotrans Air Freight (Sinoair) in ground and...
Asia: Markets track Wall Street record to extend global rally
Asia: Markets track Wall Street record to extend global rally
ASIAN markets built on Friday on the latest global rally after a jumbo US interest rate cut, while the yen edged up as focus turns to the Bank of...
Gold hovers near record high as traders navigate Fed’s giant rate cut
Gold hovers near record high as traders navigate Fed’s giant rate cut
GOLD prices steadied near record highs on Friday (Sep 20) and were poised for a weekly gain, as markets adjusted to the US Federal Reserve’s recent super-sized interest rate...
Singapore shares open lower on Friday; STI down 0.1%
Singapore shares open lower on Friday; STI down 0.1%
SINGAPORE stocks began Friday (Sep 20) trading in negative territory, despite gains in global equities overnight.As at 9.03 am, the Straits Times Index (STI) dropped 4.72 points or 0.1...
Stocks to watch: OUE Reit, TalkMed
Stocks to watch: OUE Reit, TalkMed
THE following companies saw new developments that may affect trading of their securities on Friday (Sep 20):OUE Real Estate Investment Trust (OUE Reit): The Reit priced S$180 million in...
Mercedes slashes outlook in latest blow to German industry
Mercedes slashes outlook in latest blow to German industry
MERCEDES-BENZ Group cut its financial forecast for the year as the luxury-car maker cited a rapid deterioration of its business in China, marking the latest blow to Germany’s struggling...
FedEx slumps on quarterly profit miss, narrowed 2025 outlook
FedEx slumps on quarterly profit miss, narrowed 2025 outlook
FEDEX cut the top end of its full-year profit outlook and reported quarterly earnings below expectations on softer demand for package deliveries.In what chief executive officer Raj Subramaniam called...
Germany eyes Uniper IPO after historic energy crisis bailout
Germany eyes Uniper IPO after historic energy crisis bailout
GERMANY’S government took a first step towards privatising Uniper, the utility it nationalised at the peak of Europe’s energy crisis in 2022 after Russia curbed gas flows to the...
Swiss August gold exports show no supplies to China, for first time in 3½ years
Swiss August gold exports show no supplies to China, for first time in 3½ years
CHINA, the world’s largest gold consumer, refrained from gold imports from Switzerland in August, for the first time since January 2021, customs data from the world’s biggest bullion refining...
OUE Reit prices S0 million in green notes due 2031 at 3.9%
OUE Reit prices S$180 million in green notes due 2031 at 3.9%
OUE Real Estate Investment Trust (OUE Reit) has priced S$180 million in fixed-rate green notes due 2031 at 3.9 per cent, the manager said on Thursday (Sep 19).The notes...