BISHKEK (REUTERS) – Allies of Kyrgyz President Sadyr Japarov appeared set to win Sunday’s (Nov 28) parliamentary election by a landslide, according to early figures, …
Paytm finds buyers in India’s biggest share sale, in a crawl to the finish
BANGALORE – India’s biggest issue of public shares crawled to a close on Wednesday (Nov 10), with fintech app company Paytm successfully raising about 183 …
US stocks end at records again after good jobs report
NEW YORK (AFP) – Wall Street stocks finished a sunny week on a positive note on Friday (Nov 5), with major indices again at records …
US stocks end at records after Fed tapering decision
NEW YORK (AFP) – Wall Street stocks finished at fresh records on Wednesday (Nov 3) following a heavily-telegraphed Federal Reserve decision to scale back its …
UOB Q3 profit jumps 57% to $1.05 billion, above estimates
SINGAPORE – UOB’s earnings continued to rebound from last year on the back of loan growth and sustained fee income, as well as lower allowances. …
OCBC Q3 profit up 19% to $1.22 billion, beating forecasts
SINGAPORE – OCBC Bank’s earnings have continued to bounce back from the troughs of the pandemic despite lingering Covid-19 uncertainties. The bank posted on Wednesday …
Dow ends above 36,000 points for 1st time, extending rally
NEW YORK (AFP) – Wall Street stocks finished at records on Tuesday (Nov 2), extending a recent bullish run fuelled by strong corporate earnings ahead …
Livingstone Health first-half profit up 56% on strong demand for Sinovac vaccines
SINGAPORE (THE BUSINESS TIMES) – Livingstone Health Holdings posted a 56 per cent rise in net profit to $2.1 million for its first half ended …
South Korea inflation hits near decade-high in October, raising rate hike bets
SEOUL (REUTERS) – South Korea’s consumer inflation accelerated to a near 10-year peak last month on higher costs in oil products, housing rentals and outdoor dining, …
Singapore’s central bank ‘ready to act’ against inflation risks: Ravi Menon
SINGAPORE (BLOOMBERG) – Singapore’s top central banker has said the monetary authority is watching for signs of accelerating inflation and is ready to act, underscoring …
Ascott Residence Trust to acquire student housing asset in US for $112 million
SINGAPORE (THE BUSINESS TIMES) – Ascott Residence Trust (ART) will acquire a freehold 548-bed student accommodation asset in Champaign, Illinois for US$83.3 million (S$112.3 million), …
Dow, S&P 500, Nasdaq end at records, extending rally
NEW YORK (AFP) – Wall Street stocks finished a buoyant October with a flourish on Friday (Oct 29) as major indices reached all-time highs despite …
CDL Hospitality Trusts sees 34.8% rise in Q3 net property income
SINGAPORE (THE BUSINESS TIMES) – CDL Hospitality Trusts (CDLHT) saw a 34.8 per cent rise in net property income (NPI) to $20.5 million for the …
South Korea factory output shrinks in September as auto chip shortage bites
SEOUL (REUTERS) – South Korea’s factory output in September declined from August and unexpectedly shrank on a year-on-year basis, ending a 10-month winning streak, as …
SPH gets rival offer from Hotel Properties, Ong Beng Seng, Temasek units CLA and Mapletree
SINGAPORE (THE BUSINESS TIMES) – A consortium comprising Hotel Properties Ltd (HPL), businessman Ong Beng Seng, and two Temasek-linked entities, CLA and Mapletree, are proposing …
Frasers Centrepoint Trust posts 39.3% jump in H2 DPU
SINGAPORE (THE BUSINESS TIMES) – Frasers Centrepoint Trust (FCT), landlord of nine suburban shopping malls in Singapore, saw a 39.3 per cent surge in second-half …
Alphabet earns record $25.5 billion profit on Google ad surge
BENGALURU (REUTERS) – Google owner Alphabet on Tuesday (Oct 26) reported higher than expected third-quarter advertisement sales, a sign that the business is overcoming new …
Keppel Reit distributable income up 20.8% for first 9 months
SINGAPORE (THE BUSINESS TIMES) – Keppel Reit said its distributable income from operations for the first 9 months of 2021 rose 20.8 per cent year-on-year …
South Korea economic growth slows on supply snags, Covid-19 curbs
SEOUL (BLOOMBERG) – South Korea’s economic expansion cooled last quarter as global supply chain snags dragged down investment and a renewed virus outbreak weighed on household …
How billionaire Charles Munger got into properties
(BLOOMBERG) – Billionaire investor Charles Munger made a well-timed bet on suburban apartments in California – thanks to a neighbourhood teenager who showed up at …