Real Estate
Abu Dhabi’s largest Islamic bank in talks to buy US$1.1 billion stake in Indonesian lender
ABU DHABI’S largest Islamic bank is in talks to buy a minority stake valued at around US$1.1 billion in Indonesia’s top Islamic lender, Bank Syariah Indonesia, sources said, with...
VW unveils new China EV software in bid to regain lost ground
VOLKSWAGEN will roll out a new digital architecture to make its electric vehicles more appealing in China, where it has fallen behind local champion BYD. The so-called China Electrical...
China Vanke seeks to sell 21.4% stake in logistics operator GLP
CHINA Vanke is seeking to sell its entire stake in logistics firm GLP, according to people familiar with the matter, as the state-backed developer seeks to amass cash to...
Japan’s Nikkei ends below 38,000 points for first time since February
JAPAN’S Nikkei share average dropped for a third straight day on Wednesday (Apr 17) to end below 38,000 points for the first time in two months as tensions in...
Asian gas prices surge near highest this year amid conflict risk
ASIAN liquefied natural gas (LNG) prices jumped to the highest level since early January amid anxiety that Israel’s response to Iran’s attack over the weekend may spiral into a...
Singapore takes next steps in adopting methanol, ammonia as ship fuel with licences, Jurong Island project
IN ITS move towards greener marine fuels, Singapore will open licence applications for the maritime supply of methanol by end-2024, and select a lead developer for an ammonia project...
Wall Street’s deals rebound is missing something
DEALMAKING is back! At least that’s what it looks like after the big five US investment banks reported a 27 per cent increase in first-quarter fees from mergers, takeovers and fund raising...
Keppel Pacific Oak US Reit posts 8.8% fall in distributable income for Q1
KEPPEL Pacific Oak US Reit (Kore) posted a distributable income of US$11.9 million for its first quarter ended Mar 31, down 8.8 per cent from US$13.1 million the previous...
