Real Estate
Tencent’s next big gaming bets draw on viral phenom ‘Palworld’
TENCENT Holdings’s two most accomplished creative studios are making mobile games in the style of this year’s biggest viral hit, Palworld, in hopes of rebooting the company’s core business....
Phillips 66 explores sale of pipeline stake worth over US$1 billion: sources
US OIL refiner Phillips 66 is exploring a sale of its 25 per cent stake in the Rockies Express Pipeline that it hopes could be worth more than US$1 billion,...
McDonald’s to sell Krispy Kreme doughnuts across the US
KRISPY Kreme shares had their biggest gain ever after McDonald’s agreed to bring the chain’s doughnuts to its restaurants across the United States.In the burger giant’s latest effort to...
Europe: Shares end higher on financials boost; Rubis shimmers
EUROPE’S Stoxx 600 ended a choppy session at a record closing high on Tuesday, driven primarily by banks, while French liquid products distributor Rubis marked its best day in...
Wing Tai prices S$100 million 5-year notes at 4.38%
WING Tai : W05 0% has priced S$100 million in fixed-rate senior unsecured notes due Apr 3, 2029, at 4.38 per cent. Coupon payments will be made semi-annually.The notes...
Fed’s operating losses swelled to record US$114.3 billion in 2023
THE Federal Reserve’s expenses exceeded its earnings in 2023 by US$114.3 billion, its largest operating loss ever, forcing the US central bank to forgo remittances to the Treasury as...
China files WTO complaint over US electric-vehicle subsidies
CHINA will sue the US at the World Trade Organization over rules that discourage electric-vehicle manufacturers from sourcing battery materials from China.The Inflation Reduction Act and associated rules are...
Mastercard, Visa reach US$30 billion settlement over credit card fees
VISA and Mastercard have reached a settlement to cap credit card fees for retailers, resulting in an estimated US$30 billion of savings over five years.The antitrust settlement announced on...
