News
S-Reits deliver double-digit total returns in Q3 as investors await rate cuts
[ad_1] [SINGAPORE] Real estate investment trusts in Singapore (S-Reits) rebounded strongly in the third quarter to date, with the iEdge S-Reit index delivering total returns of 10.3 per cent since...
Hedge funds slash bullish oil bets to lowest ever amid Opec hike
[ad_1] [NEW YORK] Hedge funds chopped their bullish position on US crude to the lowest on record as the Opec+ alliance’s latest decision to boost production compounded already-gloomy forecasts that...
China sets 2025 auto sales target below association forecast, vows tighter regulation
[ad_1] [SHANGHAI] China is targeting 32.3 million in vehicle sales in 2025, the country’s industry ministry said, below the 32.9 million units projected for the year by the China Association...
US penalises two Chinese companies that acquired tools for chipmaker SMIC
[ad_1] [NEW YORK] The US on Friday (Sep 12) penalised two Chinese firms that acquired US chipmaking equipment for China’s top chipmaker Semiconductor Manufacturing International Corporation (SMIC), including them among...
US: Nasdaq notches record high close, traders look to Fed meeting
[ad_1] [BENGALURU] The Nasdaq notched a record high close on Friday (Sep 12) in a mixed trading session, lifted by Microsoft as investors looked ahead to the Federal Reserve’s policy...
California’s Punjabi truckers say they’re being harassed after deadly Florida wreck
[ad_1] For 15 years, Sumit Singh has hauled freight to and from Los Angeles ports and across the country. For the first time, though, the Punjabi Sikh truck driver is...
DoorDash plans to test drone deliveries in San Francisco warehouse
[ad_1] Food delivery app DoorDash is setting its sights on a new destination to test out flying drone deliveries: San Francisco.The tech company leased a warehouse in the Mission District...
BlackRock gets US$10 billion financing for Aramco deal: sources
[ad_1] The majority of the financing is a seven-year loan facility, which could later be refinanced in the bond market[RIYADH] A group led by BlackRock’s Global Infrastructure Partners (GIP) unit...
Asia: Markets rally as new US jobs data fans rate cut hopes
[ad_1] ASIAN markets extended gains on Wednesday following a record day across Wall Street as fresh data pointing to a weakening US jobs market ramped up expectations for a series...
LHN surges over 5.2% after securing eligibility for Coliwoo mainboard listing, Q3 update
[ad_1] [SINGAPORE] Shares of LHN jumped 5.2 per cent minutes after market open on Wednesday (Sep 10). The increase comes after its receipt of conditional approval to list its subsidiary...
China’s green tech firms pour billions into overseas factories
[ad_1] Industry giants, including Contemporary Amperex Technology, BYD and Trina Solar, have announced billions on overseas factories in more than 50 countries[HONG KONG] China’s world-leading solar, battery and electric vehicle...
Former Meta researchers testify company buried child safety studies
[ad_1] META systematically suppressed internal research highlighting serious child safety risks on its virtual reality platforms, according to allegations from current and former employees who testified to Congress on Tuesday.The...