Real Estate
ESR-Logos Reit to divest Australia property at 7.4% premium in A$65.5 million deal
ESR-Logos Real Estate Investment Trust : J91U 0% (Reit) is divesting a logistics property in Australia for A$65.5 million (S$57.7 million). On Thursday (Apr 11), the Reit manager said its sale...
Google investing US$1 billion to boost connectivity to Japan via two subsea cables
GOOGLE will invest US$1 billion to improve digital connectivity between the United States and Japan through two new subsea cables, the Alphabet-owned firm said on Wednesday (Apr 10) amid...
Meta debuts new AI chip, aiming to decrease reliance on Nvidia
META Platforms is deploying a new homegrown chip to help power its artificial intelligence (AI) services, aiming to decrease its reliance on semiconductors from Nvidia and other outside companies.The...
China’s mammoth effort to get foreigners to spend, spend, spend
ON a visit to Beijing last June, Cecilia Skingsley joined her colleagues for dinner at a restaurant in the financial district on the west side of the city near...
China’s mammoth effort to get foreigners to spend, spend, spend
ON a visit to Beijing last June, Cecilia Skingsley joined her colleagues for dinner at a restaurant in the financial district on the west side of the city near...
US: Wall Street drops over 1% after hot consumer prices data
WALL Street’s main stock indices tumbled on Wednesday (Apr 10) after a stronger-than-anticipated inflation reading dampened hopes of the Federal Reserve kicking off its monetary easing cycle in June.A...
Hong Kong set to approve its first spot Bitcoin ETFs in April: sources
SPOT Bitcoin exchange-traded funds (ETFs) could be launched in Hong Kong this month, with the first approvals likely to be announced next week, two people familiar with the matter...
China has been closing idled auto output capacity, industry body says
CHINA’S auto factories had a capacity utilisation rate of more than 70 per cent in 2023 and idled capacity is being closed, a senior official of the China Association...
