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Hospitality S-Reits record 21% DPU growth in FY2023
HOSPITALITY trusts recently took the spotlight as the S-Reit sub-segment reported year-on-year (yoy) growth in distribution per unit (DPU) for FY2023, bolstered by a base effect and a strong recovery…
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Risky, junior buyout loan comes back to market in largest deal on record
A GROUP of debt arrangers on Friday (Mar 1) launched the sale of a US$1.9 billion second-lien loan, turning to a form of financing that has fallen out of favor…
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Europe: Stoxx 600 hits record high in strong start to March
EUROPE’S benchmark index hit a new record high on Friday (Mar 1) propelled by rate-sensitive stocks, with investors continuing to cheer upbeat corporate earnings while looking past data that showed…
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Japan’s Nikkei closes at record high as tech heavyweights surge
JAPAN’S Nikkei share average soared to all-time peaks and closed 2 per cent higher on Friday (Mar 1), as tech-related stocks tracked record-high closings among their US peers after comments…
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Europe: Shares edge up on earnings relief; German DAX at record high
EUROPEAN stocks climbed on Thursday as investors took comfort in upbeat earnings and an in-line US inflation print, while Germany’s benchmark index touched a record after preliminary data showed slowing inflation…
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US: Stocks close higher as Nasdaq hits a record
WALL Street stocks climbed on Thursday as investors assessed a key US inflation gauge, with all three major indices up while the tech-focused Nasdaq Composite Index set a new record. The Dow…
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Foreigners sold Japanese stocks last week as Nikkei hit a record
FOREIGN investors took profit from Japanese stocks last week as the Nikkei 225 Stock Average hit an all-time high, turning net sellers for the first time since December. Overseas investors…
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Australian shares end at record high on retail sales boost; US inflation data
AUSTRALIAN shares closed at a record high on Thursday (Feb 29) as a rebound in local retail sales boosted sentiment, with investor focus now shifting to the US inflation data…
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Airlines had their safest year on record in 2023: Iata
LAST year was the safest ever for commercial air travel, despite a massive rebound in passenger flights, an airline industry group said on Wednesday (Feb 28). The only fatal accident…
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Airlines Had Their Safest Year On Record In 2023: IATA
Last year was the safest ever for commercial air travel, despite a massive rebound in passenger flights, an airline industry group said Wednesday. The only fatal accident of a passenger…
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Aston Martin annual losses narrow as prices hit record levels
ASTON Martin’s annual losses more than halved in 2023, coming in smaller than market expectations, after selling prices reached record levels as the British luxury carmaker delivered its Valkyrie models…
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OCBC posts record S$7.02 billion earnings for FY2023; expects lower NIMs, slow loan growth in 2024
SINGAPORE’S second-largest lender OCBC will likely post lower net interest margins (NIMs) and slow loan growth in 2024 amid a global growth slowdown, said OCBC group chief executive Helen Wong.…
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Europe: Stoxx 600 rises on miners, tech support; German shares at record high
EUROPE’S benchmark stock index inched up on Tuesday, with Germany’s DAX hitting a record high, while investors awaited this week’s inflation data that could shed some light on when interest…
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Alibaba leads record deal to create US$2.5 billion China AI firm
ALIBABA Group Holding led the largest single financing round for a Chinese artificial intelligence (AI) startup, the latest in a string of sizeable investments that suggest the e-commerce firm is…
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Alibaba leads record deal to create US$2.5 billion China AI firm
ALIBABA Group Holding led the largest single financing round for a Chinese artificial intelligence (AI) startup, the latest in a string of sizeable investments that suggest the e-commerce firm is…
