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Kore’s distribution halt reflects Reits’ ‘original sin’ of needing constant access to capital to exist
THE frightening thing about Keppel Pacific Oak US Reit (Kore) suspending its distributions last week is that doing so was deemed necessary despite its relatively good operational performance. For...
Unrealistic to fully cut financing to coal companies: Singapore banks
CUTTING all financing for coal companies is unrealistic, said Singapore’s local banks, adding that funding is necessary to ensure the energy transition process is orderly and just.South-east Asian economies...
Lilly’s climb has analysts asking US$1 trillion question
ELI Lilly & Co’s relentless stock records have Morgan Stanley analysts musing whether it will become the first US company outside of the Magnificent Seven to reach a market...
US dollar steady after producer prices push back on Fed rate cut outlook
THE US dollar retreated on Friday (Feb 16) amid concerns about the strength of the US economy after higher-than-expected producer prices raised expectations that the Federal Reserve will desist...
Serial System expects net loss for FY2023
ELECTRONIC components and consumer products distributor Serial System is expecting a net loss for the financial year ended Dec 31, 2023. Based on a preliminary review of the group’s...
Dasin Retail Trust fires CEO of trustee-manager, majority of directors declare proposed EGM on Feb 19 invalid
DASIN Retail Trust has fired Wang Qiu, the chief executive officer of its trustee-manager. On Saturday (Feb 17), the trustee-manager said it had given notice of termination to Wang,...
EU to fine Apple about 500 million euros over music services
THE European Union (EU) is close to hitting Apple with its first ever antitrust fine as well as a ban on App Store rules that the bloc believes thwart...
China stocks ready for bullish reopen after upbeat data
CHINESE stocks look poised for a strong open when onshore traders return from the Chinese New Year break, with buoyant travel and tourism data seen bringing a much-needed relief...
