Lifestyle
US: Wall St inches up, set for weekly gains on rate-cut hopes
WALL Street’s main indexes opened slightly higher on Friday (May 17), heading for weekly gains on growing expectations of US interest-rate cuts this year.
India’s Zee Entertainment reports Q4 profit as advertising demand picks up
INDIA’S Zee Entertainment Enterprises reported a quarterly profit on Friday (May 17), compared with a loss a year earlier, helped by strong demand for advertising and a fall in...
Halcyon Agri posts 88.2% rise in Q1 Ebitda
RUBBER producer Halcyon Agri’s earnings before interest, taxes, depreciation and amortisation (Ebita) increased 88.2 per cent to US$8.5 million in the first quarter ended Mar 31, 2024, from US$1...
Keppel’s data centres CEO to become senior managing director, M1 CEO to helm connectivity portfolio
MAINBOARD-LISTED Keppel on Friday (May 17) announced leadership changes in its data centres and networks segment as it strives to grow its asset management business.
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...
