Lifestyle
Prime US Reit H1 DPU dives 92% to US$0.0018 as manager retains funds to meet capex needs
PRIME US Reit’s manager on Tuesday (Aug 13) said the real estate investment trust’s (Reit) distribution per unit (DPU) tumbled 92 per cent to US$0.0018 for the six months...
Sea back in the black with US$79.9 million Q2 profit, beating estimates
GAMING and e-commerce player Sea on Tuesday (Aug 13) posted a net profit of US$79.9 million for the three months ended Jun 30, down 75.9 per cent from US$331...
Thailand to expand state equity fund by up to US$4.3 billion to invest in local stocks
Thailand will increase the size of a state mutual fund by between US$2.8 billion-US$4.3 billion to invest in local stocks, officials said on Tuesday (Aug 13), in a bid...
China’s outbound investing quota crunch spurs foreign asset managers to get creative
SOARING demand from Chinese investors for offshore investments has left foreign banks and fund managers scrambling to ration outbound-investing quotas despite the recent sell-off in the US and Japanese...
Japan’s Nikkei surges 3.5% after boost from weak yen
Japan’s Nikkei share average surged 3.5 per cent on Tuesday (Aug 13), with tech shares leading the rally as sentiment got a boost from a weaker yen as traders...
Overseas investors turn bearish on Japanese equities after brutal sell-off
GLOBAL investors are turning bearish on once-favoured Japanese stocks following last week’s turbulence as they reassess economic prospects and the viability of yen-funded trades.Using cheap yen to buy stocks...
GM cuts China jobs as it resets in world’s biggest car market
GENERAL Motors (GM) has been laying off staff in China and will soon meet with local partner Saic to plan a larger structural overhaul of its operations there, a...
It can cost more to power a house than rent it in Pakistan
ELECTRICITY bills have outpaced home rental rates for some people in Pakistan, as tariff increases and other reforms to comply with International Monetary Fund (IMF) loan conditions spark nationwide...
