Business News
The highs and lows of CDL’s Millennium & Copthorne Hotels
City Developments Ltd’s (CDL) global hotel business, Millennium & Copthorne Hotels (M&C), came into the spotlight when a tussle for control over the group emerged in February.
https://www.businesstimes.com.sg/property/highs-and-lows-cdls-millennium-copthorne-hotels
ESR-Reit prices S$125 million securities at 5.75%
ESR-Reit has priced S$125 million in subordinated perpetual securities at 5.75 per cent under its S$750 million multicurrency debt issuance programme.
https://www.businesstimes.com.sg/companies-markets/esr-reit-prices-s125-million-securities-5-75
Wharf swings to 2024 loss as mainland China write-downs add to sales slump, office glut
Wharf (Holdings) swung to a loss last year after the commercial property developer wrote down the value of its projects in mainland China amid the nation’s real estate slump.
Hong Kong’s Swire Pacific profit slides on property slump, Cathay stabilises
Swire Pacific, which controls Hong Kong’s flagship airline Cathay Pacific, reported an 85 per cent slump in earnings last year amid losses in the property business and the sale of its Coca-Cola franchise in the US.
Global Economy & Real Estate
US producer inflation flat in February despite Trump tariffs
US weekly jobless claims fall amid labour market stability
Trump’s US$1.4 trillion tariff threat spurs companies to seek cover
Trump threatens 200% tariff on EU wines, escalating trade tensions
Johns Hopkins University slashes 2,000 jobs after Trump administration grant cut
Hong Kong adopts AI to catch housing tenants throwing objects off buildings
How Hong Kong’s property slump is affecting asset values owned by celebrities and tycoons
Will China’s ‘death tax’ cometh soon or late? Lawmakers have wealth redistribution in mind
Indonesia posts rare, early budget deficit as revenues slump
BOJ set to hold rates this month, hike to 0.75% in Q3, most likely July: Reuters poll
London to suffer UK’s worst drop in house prices, surveyors predict
Blackstone ups bid for ‘Can of Ham’ London tower to £330 million
https://www.businesstimes.com.sg/property/blackstone-ups-bid-can-ham-london-tower-ps330-million
Manhattan apartment rents jump to record as bidding wars spread
https://www.businesstimes.com.sg/property/manhattan-apartment-rents-jump-record-bidding-wars-spread
About US$390 million involved in alleged fraud linked to shipment to Malaysia of servers with Nvidia chips
South Korea braces for market disruptions after Trump tariffs
Thai consumer confidence falls in February
https://www.businesstimes.com.sg/international/asean/thai-consumer-confidence-falls-february
Thai business group urges PM to negotiate with US amid tariff fears
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