Lifestyle
Top HSBC shareholder Ping An will retain investment in bank amid sale talk
PING An Asset Management, HSBC Holdings’ largest shareholder, will continue to hold its investment in the Asia-focussed lender, a source close to the Chinese fund manager said on Friday...
Indonesia raises US$1.3 billion in its largest Samurai bond sale
INDONESIA raised 200 billion yen (S$1.72 billion) in its largest sale of Japanese yen-denominated bonds, the finance ministry said in a statement on Friday (May 17).
India’s biggest junk bond faces creditor demands as delay sought
India’s biggest ever high-yield rupee corporate bond, held by a number of global private credit funds, is casting a spotlight on pockets of stress within the nation’s credit markets. Some...
Mapletree closes second Japan logistics development fund; expects 110 billion yen AUM
Mapletree Investments has successfully closed Mapletree Japan Investment Country Private Trust (Majic), riding the wave of a booming logistics sector in Japan. Majic is expected to achieve over 110...
CEO of fallen Eagle Hospitality Trust seeks to contest four disclosure-related criminal charges
SALVATORE Takoushian, chief executive of embattled Eagle Hospitality Trust (EHT), is looking to contest four criminal charges under the Securities and Futures Act, over consenting to EHT’s “reckless” non-disclosure...
Gold prices set for second weekly gain on Fed rate outlook
GOLD prices held steady on Friday (May 17) and were on track for a second consecutive weekly gain, as recent US economic data prompted traders to raise bets of...
Singapore shares edge up at Friday’s open; STI up 0.2%
SINGAPORE stocks began trading on Friday (May 17) morning in slightly positive territory, despite a retreat in global markets. Singapore’s Straits Times Index (STI) rose 0.2 per cent or...
Businessmen in Singapore placed on China’s wanted list weeks after money laundering raid in 2023
TWO businessmen living in Singapore since 2021 have been placed on the wanted list in China for their involvement in a cross-border online gambling syndicate.Su Shuiming and Su Shuijun...
