Culture
FedEx forecasts profits below analysts’ target, shares dive 5% after hours
[ad_1] [LOS ANGELES] FedEx signalled caution ahead with a forecast for the current quarter that was short of the target set by analysts, and shares of the delivery giant dived...
Europe: Stocks hit one-week highs on Middle East ceasefire
[ad_1] [BENGALURU] European stocks soared on Tuesday (Jun 24), buoyed by a ceasefire between Israel and Iran, while a slump in oil prices dragged energy stocks lower.The pan-European Stoxx 600...
Income Insurance to explore other share liquidity options after scuppered Allianz deal: departing chairman Ronald Ong
[ad_1] [SINGAPORE] Income Insurance is “keeping its options open” over various share liquidity options, which could include a share-buyback programme, said its retiring chairman Ronald Ong at the insurer’s annual...
Three Arrows founders fail in appeal for orders to disclose crypto fund dealings to be set aside
[ad_1] [SINGAPORE] The Court of Appeal on Tuesday (Jun 24) dismissed an application by the founders of Three Arrows Capital (3AC) to set aside orders requiring them to disclose their...
Indonesia’s sovereign wealth funds Danantara loans US$405 million to flag carrier Garuda
[ad_1] Garuda will receive about US$111 million of the funding, with the remainder going to Citilink for maintenance of about 15 grounded jetsPublished Tue, Jun 24, 2025 · 05:33 PM[JAKARTA]...
Indonesia’s sovereign wealth fund Danantara loans US$405 million to flag carrier Garuda
[ad_1] Garuda will receive about US$111 million of the funding, with the remainder going to Citilink for maintenance of about 15 grounded jetsPublished Tue, Jun 24, 2025 · 05:33 PM[JAKARTA]...
Asia: Stocks up as Trump announces Iran-Israel ceasefire
[ad_1] [TOKYO] Asian shares gained and oil prices were down on Tuesday, as fears of an energy market shock eased following US President Donald Trump’s announcement of a ceasefire between...
Acrophyte Hospitality Trust mulls suspending or reducing distributions under strategy review
[ad_1] The manager says it faces challenges in funding the capital expenditures that many of its properties require [SINGAPORE] The managers of Acrophyte Hospitality Trust are considering temporarily suspending or...
Stoneweg European Business Trust invests 50 million euros in fund with early-stage data centre sites
[ad_1] [SINGAPORE] The manager of Stoneweg European Business Trust (Sert) announced on Tuesday (Jun 24) that the stapled trust has made a 50 million euros (S$74.4 million) investment in the...
Stocks to watch: OCBC, Lum Chang, Suntec Reit, Acrophyte Hospitality Trust, Stoneweg Europe Stapled Trust, ICP
[ad_1] [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jun 24): OCBC: The lender on Monday said it has no intention to convert...
