Lifestyle
Apac distressed credit and infrastructure top MSCI private asset Q1 performance rankings
DISTRESSED credit and infrastructure were the best-performing asset classes among Asia-Pacific private capital funds in Q1, according to data collated by MSCI.Pooled quarterly returns for distressed private credit hit...
China banks trim deposit rates to bolster record-low margins
INDUSTRIAL & Commercial Bank of China (ICBC) and Agricultural Bank of China lowered rates on some deposit products, easing pressure on profit margins following earlier cuts to lending rates.ICBC...
Ford profits tumble on higher costs, hitting shares
FORD shares tumbled on Wednesday (Jul 24) after the automaker reported lower than expected profits on higher costs connected to product launches and warranty repairs for older model vehicles.Profits...
Michelin’s half-year operating margin increases despite instability in Europe
FRENCH tyre maker Michelin reported a 4.2 per cent drop in half-year sales on Wednesday (Jul 25), slightly below analysts’ expectations, citing an unstable economic environment in Europe and...
Microsoft aims to boost AI workload capacity with Lumen partnership
MICROSOFT will use Lumen Technologies’ network equipment to expand its capacity for AI workloads, the companies said on Wednesday (Jul 24), as the technology giant looks to meet growing...
Frasers Centrepoint Trust’s retail portfolio Q3 occupancy hits 99.7%
Its manager says the rise in shopper traffic and tenant sales comes from active asset and property management, and government support for spendingTHE manager of Frasers Centrepoint Trust (FCT)...
United Overseas Insurance declares S$0.085 dividend per share on higher H1 2024 earnings
UNITED Overseas Insurance (UOI) reported an 18.8 per cent growth in its earnings for the first half of 2024 to S$14.2 million, from S$11.9 million in the first half...
OUE Reit H1 DPU falls 11.4% despite higher revenue, net property income
OUE Real Estate Investment Trust (OUE Reit) reported a distribution per unit (DPU) of S$0.0093 for the first half of its fiscal year ended Jun 30, down 11.4 per...
