News
China’s record renewables buildout is wasting power as grid lags
[ad_1] [BEIJING] China’s breakneck expansion of renewable power continues to set records, but an increasing amount of that wind and solar energy is being wasted because the grid is not...
What’s next for Ong Beng Seng’s HPL?
[ad_1] [SINGAPORE] While Hotel Properties Ltd (HPL) maintains a “business as usual” stance after founder Ong Beng Seng’s exit from management and his obstruction of justice trial, could privatisation be...
Intel’s credit rating downgraded by Fitch on demand challenges
[ad_1] Published Tue, Aug 5, 2025 · 07:04 AMFITCH downgrading US chipmaker Intel’s credit rating by one notch on Monday, according to a note by the ratings agency, which assigned...
RevPAR is mixed across Frasers Hospitality Trust’s markets in Q3
[ad_1] [SINGAPORE] Frasers Hospitality Trust saw its revenue per available room (RevPAR) drop in three of the five key markets in which it operates for the quarter ended June, the...
US: Wall Street opens higher following Friday’s dramatic selloff
[ad_1] Published Mon, Aug 4, 2025 · 09:46 PMWALL Street’s main indexes opened higher on Monday (Aug 4) after a sharp pullback in the previous session, as markets priced in...
Emerging market funds adjust bets as ‘sell the dollar’ trade loses appeal
[ad_1] THE US dollar’s bounceback in July is convincing some emerging market investors to bet that it will keep rising in coming months.T Rowe Price Group says it now favours...
GIC takes 25% stake in Spain’s broadband venture
[ad_1] Published Mon, Aug 4, 2025 · 03:03 PM[SINGAPORE] Sovereign wealth fund GIC will take a 25 per cent stake in a fibre optic broadband venture between MasOrange, partly owned...
Malaysian palm oil firm FGV to be delisted on August 28
[ad_1] Felda settlers own shares in the company but have not seen the returns that they were promised when the company was listed in 2012 Published Mon, Aug 4, 2025...
China to tax bond interest income after decades of exemption
[ad_1] [BEIJING] China said that it plans to tax interest income on bonds issued by the government and financial institutions, in a surprise move that’s prompted investors to reevaluate their...
BYD shares fall as stalling sales put annual target in question
[ad_1] [HONG KONG] BYD shares fell in Hong Kong trading on Monday (Aug 4), as sputtering monthly sales growth raised doubts about whether the Chinese electric-vehicle (EV) maker will meet...
HPL shares pare earlier losses to decline slightly as Ong Beng Seng pleads guilty
[ad_1] [SINGAPORE] Shares of Hotel Properties Limited (HPL) tumbled in early trade on Monday (Aug 4) but pared losses as property magnate Ong Beng Seng pled guilty in a case...
United Hampshire US Reit acquires freehold Pennsylvania shopping center for US$16.4 million
[ad_1] The purchase marks the Reit’s third acquisition in Pennsylvania, the manager says[SINGAPORE] United Hampshire US Reit has acquired freehold shopping center property in Pennsylvania as part of its portfolio...