Real Estate
Oil hits four-month low as Opec+ decision fails to allay demand worries
OIL prices tumbled by US$3 a barrel on Monday (Jun 3) to their lowest in nearly four months, as investors worried that a complicated Opec+ output decision could lead...
Google’s latest data centre raises its investment in Singapore to S$6.7 billion
GOOGLE has increased its investment in infrastructure in Singapore to S$6.7 billion with the completion of its fourth data centre here.
This is up from US$850 million in 2022 when...
GameStop shares double as Keith Gill’s post shows US$116 million bet
GAMESTOP Corp shares more than doubled after the Reddit account that drove the meme-stock mania of 2021 posted what appeared to be a US$116 million position in the game...
India stocks hit record, rupee gains as polls predict Modi win
India’s stocks surged to a record, while the rupee and sovereign bonds climbed after exit polls signalled an emphatic victory for Prime Minister Narendra Modi’s ruling party.The NSE Nifty...
Australia orders Chinese investors to sell down stake in rare earths miner
Australian Treasurer Jim Chalmers has ordered several China-linked investors to dispose of shares in rare earths miner Northern Minerals on national interest grounds, a spokesperson said on Monday (Jun...
Global airlines raise 2024 profit outlook as travel soars
Global airlines on Monday (Jun 3) raised their profit forecast for 2024 and projected industry-wide revenues just shy of US$1 trillion as a record number of travellers board flights.The...
Bank of Singapore names former GIC executive for newly created role
THE Bank of Singapore (BOS) named Owi S Ruivivar as its chief portfolio strategist, a new role to lead the development of a “systematic, robust and risk-based multi-asset allocation...
ECB to start rate cuts but sticky inflation clouds path ahead
THE European Central Bank (ECB) is expected to begin cutting eurozone interest rates from historic highs this week, but sticky inflation means the move is unlikely to kickstart a...
