Lifestyle
ADB agrees to US$5 billion funds replenishment with donors
The Asian Development Bank (ADB) said on Friday (May 3) it had agreed to a US$5 billion replenishment with donors for the bank’s two funds, Asian Development Fund (ADF)...
Glencore-backed group said near deal for Shell Singapore assets
A CONSORTIUM including Indonesia’s Chandra Asri Pacific and Glencore is in advanced talks to buy Shell assets in Singapore in a deal that could be worth about US$1 billion,...
ARA H-Trust Q1 net property income up marginally to US$6.4 million
ARA US Hospitality Trust (ARA H-Trust) posted a net property income (NPI) of US$6.4 million for its first quarter ended Mar 31, 2024 marking a 1.1 per cent rise...
Morgan Stanley, Frasers settle UK lawsuit over US$1 billion margin call
BRITISH retail tycoon Mike Ashley’s Frasers Group has withdrawn its London lawsuit against Morgan Stanley over a nearly US$1 billion margin call, a spokesperson for the Wall Street bank...
Singapore stocks end week in red; STI down 0.1%
SINGAPORE stocks ended the week in the red on Friday (May 3), ahead of key labour market data from the United States (US).
The data gives an indication of the...
UK’s FTSE 100 hits record highs on Anglo-American boost
Britain’s FTSE 100 hit a record high on Friday (May 3), boosted by Anglo-American after Reuters reported Glencore is exploring an approach for the miner, while Diageo advanced after...
Ferrari unveils US$423,000 sports car with 1960s bloodline
Ferrari has unveiled a US$423,000 combustion engine sports car meant to help the Italian manufacturer defend its industry-leading margins.The 12Cilindri, also sold as a 435,000 euro (S$631,908) Spider convertible version, is inspired by Ferrari’s...
Macquarie sees biggest profit dip in 15 years on commodities downturn
TOP Australian investment bank Macquarie Group reported its annual profit fell by a third, the sharpest decline in 15 years, as stabilising energy markets hammered its commodities trading unit...
