Real Estate
Keppel Infrastructure Trust proposes private placement to raise at least S$200 million
THE trustee-manager of Keppel Infrastructure Trust (KIT) has proposed a private placement to raise gross proceeds of no less than S$200 million at an estimated issue price range of...
How Telegram’s founder went from Russia’s Mark Zuckerberg to wanted man
MORE than a decade ago, when Russia pushed Pavel Durov to shut down the pages of opposition politicians on a Facebook-like site he had created, the tech entrepreneur responded...
Australia’s Coles beats annual profit view on strong supermarket sales
COLES, Australia’s second-largest grocer, posted its annual profit above analysts’ estimates on Tuesday, fuelled by strong sales at its supermarkets and improved inventory management that effectively mitigated theft-induced stock...
Temu owner’s founder loses spot as China’s richest person after 18 days
COLIN Huang’s reign as China’s richest person only lasted about two weeks.A slump on Monday (Aug 26) in shares of PDD Holdings, the parent company of e-commerce giant Temu,...
Macron denies Telegram founder’s arrest ‘political’
FRENCH President Emmanuel Macron on Monday denied any political link to the arrest of Telegram founder Pavel Durov as the tech tycoon spent a second day in custody following his surprise...
‘Hard to imagine’ no September rate cut, says Fed official
IT IS “hard to imagine” the Federal Reserve not cutting interest rates next month, a senior bank official said on Monday (Aug 26), in the latest signal that many...
Oil climbs 3% as Libya output cuts further supply concerns
OIL prices settled 3 per cent higher on Monday as production cuts in Libya added to supply concerns stemming from reports of escalating conflict in the Middle East.Brent crude futures...
Europe: Chip stocks slip, keeping shares muted ahead of data-heavy week
EUROPEAN shares were broadly flat in quiet trading on Monday, with semiconductor stocks leading the technology sector lower as investors looked ahead to several key economic data releases this...
