Real Estate
CapitaLand Ascendas Reit to develop logistics property in US for S$94.8 million
CAPITALAND Ascendas Reit (Clar) will acquire a parcel of land in the US, and develop it into a new logistics property at an estimated total investment cost of about...
Europe: Stoxx 600 jumps as energy and tech lead the charge, positive earnings help
Europe’s Stoxx 600 bounced back with a 1 per cent gain, driven by strong performances in the energy and technology sectors, while positive earnings reports added to the upbeat...
Fed’s Powell says no need to hurry rate cuts with economy strong
FEDERAL Reserve chair Jerome Powell said the recent performance of the US economy has been “remarkably good”, giving central bankers room to lower interest rates at a careful pace.“The...
Reliance, Walt Disney close US$8.5 billion merger of Indian media assets
RELIANCE Industries and Walt Disney on Thursday (Nov 14) completed the US$8.5 billion merger of their Indian media assets, which have been split into three divisions, with each unit...
In major Geely shake-up, EV brand Zeekr to take control of Lynk
CHINA’S Geely said on Thursday (Nov 14) its premium electric vehicle maker Zeekr plans to take control of Lynk, a sister brand – the first big restructuring move in...
Golden Agri-Resources posts lower underlying profit of US$91 million for Q3
PALM oil producer Golden Agri-Resources (GAR) posted an 18 per cent lower underlying profit of US$91 million for the third quarter of the 2024 financial year, from US$110 million...
ComfortDelGro Q3 net profit up 15.2% on higher revenue
Top-line growth is boosted by the group’s overseas markets, mainly due to its acquisitions in the UK and AustraliaLAND transport giant ComfortDelGro on Thursday (Nov 14) posted a 15.2...
LVMH moves Alexandre Arnault to HQ, fueling succession talk
LVMH appointed new divisional leaders in a reshuffle that returns one of billionaire founder Bernard Arnault’s sons to the luxury conglomerate’s Paris headquarters from New York-based jeweller Tiffany &...
