Real Estate
Elite Commercial Reit secures £135 million debt facilities
ELITE Commercial Real Estate Investment Trust (Reit) has obtained a committed offer for debt facilities of up to £135 million (S$229.7 million) from a group of financial institutions. At...
Investors raise Macy’s buyout bid: WSJ
AN INVESTOR group seeking to buy Macy’s is raising its offer by nearly US$1 billion after the department store chain rebuffed its prior proposal as too low, the Wall...
China barred from buying US oil reserves in funding bill
CHINA would be barred from buying oil from the United States’s emergency stockpiles under a provision included in must-pass government funding legislation unveiled on Sunday (Feb 3). Republican critics...
CSI 300 expected to continue further recovery
CHINESE stocks have seen a recovery since early February, erasing the losses incurred during a bearish January when the CSI 300 Index hit a five-year low. This recovery came...
Oil-sector risks mount amid higher demand-and-supply uncertainty
OIL prices may have pulled back from their recent highs, but observers warned that more risks await the industry against a backdrop of uncertainty related to the commodity’s demand...
Michael Dell joins US$100 billion club as AI-driven shares surge
MICHAEL Dell’s fortune crested the US$100 billion mark for the first time on Friday (Mar 1) after Dell Technologies’ fourth-quarter earnings showed a tangible boost from demand for equipment...
Toymakers feel the pinch of Hollywood’s light 2024 movie lineup
TOYMAKER Jakks Pacific lost a quarter of its market value on Friday (Mar 1) after saying a shortage of potential Hollywood blockbusters will hold back sales this year. The...
Director filings and buyback momentum return
INSTITUTIONS were net sellers of Singapore stocks over the five trading sessions until Feb 29 inclusive, with S$615 million of net institutional outflow, as 18 primary-listed companies conducted buybacks...
