Real Estate
Japan ends era of negative rates with few clues on further hikes
THE Bank of Japan (BOJ) scrapped the world’s last negative interest rate, ending the most aggressive monetary stimulus programme in modern history, while also indicating that financial conditions will...
Mitsubishi, 7 others to form coalition to promote electric natural gas
MITSUBISHI said on Tuesday (Mar 19) it will form an international coalition with seven other firms including TotalEnergies and Tokyo Gas to support development and production of electric natural...
Brokers’ take: RHB cuts Delfi target on narrowing margin amid cocoa price hikes
RHB has lowered its target price for chocolate confectioner Delfi to S$1.33 from S$1.55 after trimming earnings forecasts. Despite staying positive on the company’s growth outlook, RHB analyst Alfie...
Binance tasks prime brokers with checks to root out US investors
BINANCE has asked prime brokers to run more stringent checks to keep United States investors off the crypto exchange in the fallout from last year’s plea deal with the...
Manulife US Reit manager names new CEO, CFO amid leadership exodus
THE manager of Manulife US Reit (MUST) on Tuesday (Mar 19) said it appointed John Casasante to the dual role of chief executive officer (CEO) and chief investment officer...
SingPost completes strategic review; to reorganise business units and adopt new payout scheme
SINGAPORE Post’s (SingPost) board has approved five growth drivers or “strategic thrusts” to be executed over the next three years, including the adoption of a new payout scheme. This...
Saudi Aramco CEO calls energy transition strategy a failure
POINTING to the still paltry share of renewable energy in global supply, the head of Saudi Aramco described the current energy transition strategy as a misguided failure on Monday....
Cisco closes US$28 billion Splunk deal without antitrust drama
AT A time when many large mergers are being blocked or delayed by regulators, Cisco Systems took just six months to close its US$28 billion acquisition of Splunk. “Hats...
