Paragon Reit jumps 11.8% on privatisation offer
UNITS of Paragon Real Estate Investment Trust (Paragon Reit) jumped on Tuesday (Feb 11) after the manager announced that it received a S$0.98-per-unit privatisation offer from Times…
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Citigroup targets social finance deals in Asia as demand grows
Citi led 76 transactions in Asia last year, raising US$2.4 billion, according to the bank CITIGROUP said it expects social finance funding in Asia to rise by more than 10 per cent this…
BYD shares hit record high, trouncing Tesla’s stock this year
BYD shares briefly rose to their highest intraday price on record, reflecting optimism that the Chinese electric vehicle (EV) leader will further challenge peers such as Tesla through its…
CDL Kiwi unit’s NZ$2.25-per-share offer ‘too low and inadequate’: M&C New Zealand
THE offer by City Development Limited’s (CDL) wholly owned subsidiary to take Millennium & Copthorne Hotels New Zealand (MCK) private at NZS$2.25 per share is “too low and inadequate”. In…
Price spikes, demand fears haunt metal markets as Trump’s 25% tariffs bite
Markets are in the dark as key details of Trump’s tariffs on steel and aluminium imports are still pending; experts fear heightened volatility REACTION in the metals markets to US…
Macquarie, HSBC to start talks to join Australia Post pact
Australia Post has one of the largest retail networks nationally and runs more than 4,000 post offices A TRIO of major lenders may join a banking service run by Australia’s post offices as…
Trump tariffs propel safe-haven gold to record highs
GOLD prices soared to a record high on Tuesday (Feb 11), as investors flocked to the safe-haven asset after US President Donald Trump imposed new 25 per cent tariffs on steel and aluminium…
SoftBank explores debt-heavy financing for US$500 billion AI push
A FEW weeks ago, SoftBank Group founder Masayoshi Son stood alongside US President Donald Trump to unveil the Stargate Project, an artificial intelligence (AI) venture with OpenAI that…
NetLink NBN Trust’s 9-month profit down 12.9% at S$74.1 million
FIBRE network provider NetLink NBN Trust posted S$74.1 million profit after tax for the nine months ended December, down 12.9 per cent from S$85.1 million in the previous corresponding…
Temasek-backed Cuscaden moves to privatise Paragon Reit at S$0.98 per unit
TIMES Properties, a wholly owned subsidiary of Cuscaden Peak Investments, is looking to take Paragon Real Estate Investment Trust (Reit) private by way of a trust scheme of arrangement,…
Paragon Reit posts 10.4% lower H2 DPU of S$0.0233
THE manager of Paragon Real Estate Investment Trust (Paragon Reit) on Tuesday (Feb 11) posted a distribution per unit (DPU) of S$0.0233 for the second half ended December, down 10.4 per…
Huawei boosts smartwatch sales by registering them as medical devices
HUAWEI Technologies has found an unlikely way to boost sales of its latest smartwatches in the face of sluggish consumer spending in China: by registering them as medical devices. After…
McDonald’s profits dented by food poisoning outbreak
MCDONALD’S reported a dip in profits on Monday as it contended with lingering effects from a US food poisoning outbreak that depressed sales in its home market. The fast-food giant, which…
Meta starts eliminating jobs in shift to find AI talent
The latest wave of firings are expected to be completed by the end of the performance cycle that goes to February META Platforms began notifying staff of job cuts on Monday (Feb 10),…
Jalen Hurts: Philadelphia Eagles Star Lives in Modest $2,000-Per-Month Rental Despite Million-Dollar Contract as He Believes in Simple Living
While many NFL stars splurge on luxurious mansions after securing massive contracts, Philadelphia Eagles quarterback Jalen Hurts is taking a unique approach. Despite signing a $255 million…
Who is Steve Caudle? Tennessee Pastor Calls for Violence Against Elon Musk in Viral Video
A Tennessee pastor has sparked outrage after calling for violence against Elon Musk. Reverend Steve Caudle stated that sometimes violence is necessary, claiming there is no other way to…
BYD puts driver-assistance features in most of its cars for free
BYD will enable advanced driver-assistance features in almost all future models at no additional cost to buyers as part of a bid to challenge Tesla and domestic rivals in China’s cutthroat…
Keppel’s new commercial property secures financial services company as anchor tenant
The Tanjong Pagar building features smart building management systems and renewable energy use ASSET manager Keppel’s new commercial property has completed construction, and a financial…
Manulife appoints new Singapore CEO amid leadership shake-up in Asia
INSURER Manulife has appointed Benoit Meslet, the current chief executive officer of its Japan office, to head its Singapore division. Meslet will replace Khoo Kah Siang on Jun 1 – pending…
Innovation Centres in Singapore are Doing Many Interesting Things
AFTER Procter & Gamble (P&G) launched the Olay Super Serum in the United States in 2023, the product shot to pole position among serums there. A bottle of this, combining five benefits of…
Expect growth opportunities from more regional trade amid US tariffs: DBS
EVEN though the Trump administration may cause global volatility, DBS expects to gain from more intra-regional trade as a result of US tariffs, said deputy chief executive and CEO…
TSMC January sales growth slows after DeepSeek roils market
TSMC’s outlook is overshadowed by US President Donald Trump’s threats to slap tariffs on semiconductor imports TAIWAN Semiconductor Manufacturing Company’s (TSMC) sales growth decelerated…
Taiwan’s legacy chip industry contemplates future as China eats into share
WHEN Taiwan’s Powerchip Technology entered a deal with the eastern Chinese city of Hefei in 2015 to set up a new chip foundry, it hoped the move would help provide better access the…
Dongfeng jumps on bets consolidation will sweep China car market
DONGFENG Motor Group surged almost 90 per cent in Hong Kong after the Chinese automaker said its parent company plans to restructure, a move investors speculated could kick start a wave of…