Fashion
CDL sells 14 billion yen Osaka hotel to Blackstone-managed real estate funds
The proposed divestment aligns with the real estate company’s capital recycling and portfolio optimisation efforts [SINGAPORE] City Developments Limited (CDL) is proposing to divest a hotel in Osaka, Japan,...
WeRide trims losses as China’s robotaxi race gains momentum
The company currently holds autonomous driving permits in eight countries, the most out of all robotaxi players in the region[HONG KONG] WeRide narrowed its third-quarter net loss on increased...
Major Indonesia nickel plant cuts output as waste piles up
HPAL producers have also been contending with the higher cost of sulphur, a chemical used to produce acid[SINGAPORE] A majority Chinese-owned plant at Indonesia’s most important nickel site is...
Gold holds steady as rising US rate-cut bets offset dollar strength
[BENGALURU] Gold prices held steady on Tuesday (Nov 25) after rising nearly 2 per cent in the previous session, as increasing prospects of a US rate cut in December...
New owners to revive fish farms vacated by troubled Apollo, Barramundi groups
The building at Neo Tiew Crescent in Lim Chu Kang will be used to grow vannamei prawn and food fish[SINGAPORE] Two fish farming facilities that had been given up...
UOB prices 850 million euro bonds due 2030 at 2.718%
[SINGAPORE] UOB said on Tuesday (Nov 25) that it has priced 850 million euros (S$1.3 billion) in fixed-rate covered bonds due 2030.The covered bonds will bear interest at 2.718...
Trump weighing advanced Nvidia chip sales to China, Lutnick says
[WASHINGTON] US President Donald Trump is weighing whether to allow Nvidia to sell advanced artificial intelligence (AI) chips to China and will be the one to make a final...
Oil prices settle up 1% on bets Fed will cut US rates and doubts about Ukraine peace
Global brokerages remain split on whether the Fed will cut interest rates at its December meeting after last week’s mixed signals on job growth and unemployment[NEW YORK] Oil prices...
UK minister aims for ‘timely sale’ of Telegraph to Daily Mail owner
DMGT said the deal would comply with Britain’s Foreign State Influence regime to block foreign state control of UK newspapers[LONDON] British culture minister Lisa Nandy said on Monday she...
Telefonica to cut 5,000 jobs to slash costs, union says
The cuts, affecting about a fifth of the carrier’s Spanish workforce, will apply to three Telefónica units[MADRID] Spain’s largest telecommunications operator Telefonica aims to cut at least 5,040 jobs...
