Real Estate
Europe: HSBC, healthcare stocks drag shares lower; Fed minutes, Nvidia results eyed
EUROPEAN shares slipped on Wednesday hurt by banking shares following a drop in shares of HSBC on a disappointing earnings report, while investors braced for the Federal Reserve’s last meeting...
Glencore’s 2023 earnings halve on lower commodity prices
GLENCORE said on Wednesday (Feb 21) lower commodity prices had halved its earnings last year, and slashed its payout to investors, as the company saves to fund the acquisition...
Singapore to invest up to S$100 million in 10 Gbps fibre network upgrade
THE Infocomm Media Development Authority (IMDA) is investing as much as S$100 million to upgrade Singapore’s Nationwide Broadband Network (NBN), such that it will run on higher speeds of...
Qantas names John Mullen new chairman to lead board overhaul
QANTAS Airways named boardroom veteran John Mullen as its new chairman to help lead an overhaul of the airline following a string of scandals and missteps. Mullen, the current...
SIC raps A&G, DBS for whitewash bungle, but it was Mapletree sponsor that gave sweeter terms
FOR many investors, the most significant aspect of the merger of Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) nearly two years ago was the intervention...
US dollar keeps a grip on 150 yen; China cut leaves yuan unruffled
THE greenback traded above 150 yen for a sixth day on Tuesday (Feb 20), as investors grew less certain that Japan’s era of ultra-low rates will end any time...
First Sponsor H2 net profit plunges 96.8% to S$1.9 million on lower property handover volume in China
Despite the falls, the group, which has operations in China and the Netherlands, said its overall gross margin for the period remained fairly consistent at 45.2 per cent, compared...
China restricts quant fund Lingjun in effort to boost market
CHINA’S stock exchanges on Tuesday (Feb 20) said major quant fund Lingjun Investment had broken rules on orderly trading and barred it from buying and selling for three days,...
