Fashion
SoftBank’s US$5.8 billion Nvidia stake sale stirs fresh AI bubble fears
The Japanese tech investor needs the proceeds for initiatives including the US$500 billion Stargate project to expand US data-centre capacity[NEW YORK] SoftBank Group’s US$5.8 billion sale of its Nvidia...
BHG Retail Reit logs 94.2% committed occupancy rate in Q3, eyes acquisitions
The Reit’s manager is upbeat about economic conditions in China, even though its recovery “may take time”[SINGAPORE] China-focused BHG Retail Real Estate Investment Trust (Reit) recorded a committed occupancy...
SingPost to divest 14 HDB units for S$55.5 million
The postal service provider says the properties are ‘non-core’ to its principal business[SINGAPORE] Singapore Post (SingPost) on Tuesday (Nov 11) announced that it will divest 14 HDB units across...
Microsoft to invest US$10 billion in Portugal AI data hub
The company is building the hub with Start Campus, a Portuguese developer, and British startup Nscale[LISBON] Microsoft will spend US$10 billion on an artificial intelligence (AI) data centre along...
Stoneweg Europe Stapled Trust divests Slovakia portfolio for 70 million euros
This comes as it focuses on Western European markets with ‘deeper liquidity and stronger tenant demand’ [SINGAPORE] Stoneweg Europe Stapled Trust (Sert) has divested its entire Slovakia investment in...
Sea doubles profit to US$375 million for Q3
[SINGAPORE] Sea reported on Tuesday (Nov 11) a 144.6 per cent increase in its third-quarter earnings to US$375 million, up from US$153.3 million for the year-ago period. Revenue for...
Buyer of Shell’s refinery has set aside US$2 billion for Singapore investments; more deals on the way
Aster is betting on ‘strategic resilience’ as it invests through the oil and gas down cycle[SINGAPORE] Energy and chemicals player Aster has set aside US$2 billion in investments for...
Outlook for UOB lags DBS, OCBC amid spotlight on asset quality in Q3
Analysts remain positive on DBS and OCBC given resilient results supported by strong non-interest income [SINGAPORE] Market outlook for UOB has turned cautious compared with DBS and OCBC, amid...
DBS CEO Tan Su Shan sees tech-led growth in China despite property slowdown
[SINGAPORE] China’s push into deep technology and artificial intelligence is creating pockets of growth despite an uneven recovery in its property sector and subdued consumer sentiment, DBS Group chief...
SBS Transit Q3 earnings fall 20.6% due to lower interest income
Revenue is also lower due to the loss of the Jurong West contract package to SMRT in September 2024[SINGAPORE] Bus and train operator SBS Transit ’s Q3 net profit...
Burger King to enter China joint venture, plans to double stores
The new joint venture, Burger King China, will receive US$350 million in investment CPE[BEIJING] US fast-food chain Burger King will rapidly expand its China operations in coming years, its...
Wealthy Asian families face succession woes as scions have different ambitions, mindsets: report
The preferences of the younger set should be factored into succession planning, and professionalisation is the pragmatic solution [SINGAPORE] The next generation of Asian families often have different ambitions...