Real Estate
China drives record gold ETF inflows as trade war deepens
[NEW YORK] Chinese investors funnelled a record amount of cash into gold-backed exchange-traded funds (ETFs) last week, drawn by the safety of the asset as combative trade war rhetoric...
Hedge funds move into Asia power market with new hires
[SINGAPORE/TOKYO] Hedge funds have joined the hunt for power-trading talent in Asia, as they push into the region’s increasingly active and volatile electricity markets with the aim of offsetting...
Trump signs order to ‘turbocharge’ coal mining in United States
[WASHINGTON] US President Donald Trump on Tuesday signed executive orders to “turbocharge coal mining” in the country, seeking to “more than double” electricity production to keep up with power-hungry...
Apple exported 1.5 trillion rupees in iPhones from India last year, minister says
The diversification drive has coincided with Prime Minister Narendra Modi’s ambition to turn the country into a manufacturing hub[NEW DELHI] Apple exported more than 1.5 trillion rupees (S$23.6 billion)...
Exxon faces no shareholder proposals for first time in 25 years
It received only one proposal this year and the SEC agreed it should be discarded because “it tried to micromanage the company”[NEW YORK] ExxonMobil is facing no shareholder proposals...
UOB to inject fresh capital of 2 trillion dong into Vietnam unit, build new headquarters in Ho Chi Minh City
[SINGAPORE] United Overseas Bank (UOB) said on Tuesday (Apr 8) that it will inject additional fresh capital of two trillion dong (S$104 million) into its Vietnam subsidiary, bringing its...
Resolving succession at Kwek Leng Beng’s Hong Leong Finance
[SINGAPORE] Succession troubles surfaced recently at local-listed property and hotel group City Developments Limited (CDL), when executive chairman Kwek Leng Beng clashed with his son and CDL’s group chief...
Japan debt deals pulled as tariffs hit deals outlook across Asia
[TOKYO] Three Japanese companies have postponed the sale of 100 billion yen (S$916.7 million) worth of yen-denominated bonds in the wake of global financial market volatility induced by US...
