Real Estate
Keppel Reit’s nine-month distributable income falls 1.9% on higher borrowing costs
KEPPEL Real Estate Investment Trust (Reit)‘s distributable income fell 1.9 per cent year-on-year to S$160.6 million for the first nine months of the fiscal year mainly due to higher...
Seatrium bags S$100 million in contracts for repairs, upgrades
SEATRIUM has secured S$100 million worth of contracts for repairs and upgrades set to be completed by the first quarter of 2025.On Tuesday (Oct 22), the group said these...
SAP cloud sales jump as software giant lures clients with AI
SAP’s cloud revenue grew by 25 per cent in the third quarter as Europe’s biggest software company worked to transition customers away from locally run systems with the promise...
Blackstone, Apollo step up pursuit of investment-grade loans
YESTERDAY they dealt in distressed debt, today they are battling to establish credibility as plain-vanilla lenders.Money managers once known for providing capital to businesses that could not get bank...
Maersk raises guidance again as Red Sea attacks boost rates
AP MOLLER-MAERSK, a bellwether for global trade, increased its full-year guidance for a fourth time in less than six months, citing stronger demand and higher freight rates caused by...
Santander launches US digital bank to cut cost of auto lending
SPAIN’S Santander launched its digital bank in the US on Monday (Oct 21), which could help fund up to US$30 billion in loans for vehicle purchases and broaden its...
BYD bets on Brazil agribusiness to drive hybrid pickup truck sales
BYD has launched its sixth model in Brazil this year, gambling that its hybrid pickup truck can take on the likes of Toyota Motor and Ford Motor in the...
Boeing to book more than US$1 billion in wage-related costs from new labour proposal, analysts forecast
BOEING is expected to book more than US$1 billion in wage-related expenses from its proposed labour contract, analysts said. About 33,000 workers will vote on the contract proposal on...
