Culture
China’s Zijin Mining to buy Newmont’s Ghana gold project for US$1 billion
CHINA’S Zijin Mining Group will buy the Akyem Gold Mine Project in Ghana from US-based Newmont for US$1 billion, the companies said on Wednesday (Oct 9).The sale is a...
BOS sees rising ‘non-dom’ flows from UK to Singapore
OCBC’s private bank plans to grow its business in Europe to capture more asset flows from wealthy people in the UK as the British government mulls raising some taxes...
Asian private bank sees rising non-dom flows from UK to Singapore
OCBC’s private bank plans to grow its business in Europe to capture more asset flows from wealthy people in the UK as the British government mulls raising some taxes...
FHT’s distributable income to fall after change in Australian unit status
FRASERS Hospitality Trust’s (FHT) pro forma distributable income for financial year 2024 is estimated to fall by S$1.3 million, following changes to its Australian unit’s managed investment trust status....
7-Eleven owner confirms new takeover offer from Couche-Tard
The Japanese owner of 7-Eleven said on Wednesday (Oct 9) it had received a “revised” takeover offer from Canadian rival Alimentation Couche-Tard after rejecting an initial bid worth around...
Couche-Tard suggested higher price of US$47 billion for Seven & i
ALIMENTATION Couche-Tard sent Seven & i Holdings a new potential acquisition price of seven trillion yen (S$61.6 billion), sources with knowledge of the matter said, showing that the Canadian...
China markets warn Xi that more stimulus is needed to fuel rally
EVER since President Xi Jinping sought to draw a line under China’s slowdown last month, investors have clamoured for him to back up monetary easing with a powerful fiscal...
Keppel unit awarded S$34 million for 2022 arbitration case against Cuscaden Peak
It is not expected to have a material impact on Keppel’s net tangible assets per share nor earnings per shareKEPPEL’S wholly owned subsidiary Keppel Pegasus was awarded S$34 million...
CapitaLand Ascott Trust sells Citadines Karasuma-Gojo Kyoto for 6.2 billion yen
CAPITALAND Ascott Trust (Clas) has divested Citadines Karasuma-Gojo Kyoto in Japan for about 6.2 billion yen (S$53.1 million). On Wednesday (Oct 9), its managers said the sale price is...
Chinese electric carmaker BYD sees EV Mexico sales ramping up to 100,000 in 2025
CHINESE electric automaker BYD expects to sell 50,000 electric vehicles (EVs) in Mexico this year, and then 100,000 in 2025, the company’s Mexican head Jorge Vallejo said on Tuesday...
