Culture
UK’s Mulberry to evaluate sweetened Frasers’ bid
BRITISH luxury brand Mulberry said on Monday (Oct 14) it is working with advisers to evaluate Frasers’ sweetened £111 million (S$189.3 million) takeover proposal, after its top investor Challice...
GDP growth boosts market sentiment; STI up 0.6%
SINGAPORE stocks cheered robust gross domestic product growth data released on Monday (Oct 14).The benchmark Straits Times Index (STI) was up 0.6 per cent or 22.15 points at 3,595.91...
ST Engineering unit wins Lusail smart city project worth over S$60 million
The advancements will contribute to the Qatari city’s sustainability goals and improve the quality of life for some 450,000 residents and visitorsTHE urban solutions business of ST Engineering has...
Chinese firm announces huge leap in offshore wind turbine size
CHINA’S Dongfang Electric has surprised the offshore wind industry with an announcement that it’s built a new turbine radically larger than anything previously available in the sector.Dongfang on Saturday...
German economy in recession with no more growth seen in 2024
GERMANY is suffering a mild recession and output across the whole of 2024 will be flat, according to a Bloomberg survey – underscoring the malaise in Europe’s largest economy.Analysts...
Hot stock: Yangzijiang Shipbuilding’s shares fall following announcement of arbitration proceedings
The first tranche of arbitration hearings against the China-based shipbuilder’s units is scheduled for November 2024SHARES of Yangzijiang Shipbuilding tumbled on Monday (Oct 14) morning, after the China-based shipbuilder...
UK fintech firms push government to back growth, IPO dreams
EXECUTIVES of some of Britain’s most valuable and fast-growing financial technology firms warned the Labour government that London could fall behind in the fintech world if the UK fails...
Sasseur Reit hits record 276.1 million yuan Golden Week sales as China’s domestic consumption surges
Sasseur Real Estate Investment Trust’s (Sasseur Reit) manager reported record-high aggregate sales of 276.1 million yuan (S$51 million) across its four outlets in China over the seven-day Golden Week...
Fugitive tycoon behind HHSC’s shady fundraising network held in Bali
THE fugitive Chinese businessman behind Shanghai HHSC Capital Management, an insolvent investment firm that left a 30 billion yuan (S$5.5 billion) financial black hole, has been arrested by Indonesian...
Stocks to watch: Clar, Yangzijiang Shipbuilding, UOL, SingLand, Sasseur Reit, Sabana Reit
THE following companies saw new developments that may affect trading of their securities on Monday (Oct 14):CapitaLand Ascendas Reit (Clar): It is divesting an industrial property for S$112.8 million...
