Real Estate
New Keppel Infrastructure Trust CEO wants to have his cake and eat it too
DON’T fix what’s not broken – that’s what Kevin Neo, the new chief executive officer of the trustee-manager of Keppel Infrastructure Trust (KIT), believes when it comes to the...
Dasin Retail Trust trustee-manager files suit against former CEO, creditor
DASIN Retail Trust Management (DRTM) has taken legal action against its former chief executive officer Wang Qiu, as well as its creditor Zhang Guiming, following letters of demand from...
The ‘everything rally’ comes to derivatives market
BOND fund managers have so much cash, they are turning to the derivatives market to put it to work – pushing down the cost of protection against defaults close...
S-Reits continue to expand through DPU-accretive acquisitions
THE combined market value of the Singapore Reits and property trusts (S-Reits) sector has grown at a compound annual rate of 6 per cent over the 10 years to...
Ikea plans to spend 300 million euros in South Korea to win market share
SWEDISH furniture maker Ikea plans to spend about 300 million euros (S$437.3 million) in South Korea over the next three years to increase market share in the Asian country....
Hertz’s CEO to step down as car renter unwinds bet on EVs
HERTZ Global is replacing its chief executive officer in the wake of a disastrous bet on electric vehicles (EVs) that the company began unwinding in recent months. Stephen Scherr,...
Europe: Stocks falter on US rate jitters but log weekly gains
EUROPEAN shares dipped on Friday (Mar 15) as risk sentiment remained subdued due to mounting concerns the Federal Reserve may delay interest rate cuts, though strength in telecommunications stocks...
Apple reaches US$490 million settlement over CEO Cook’s China sales comments