Posts by Swedan Margen
Apac’s data centre boom threatens to strain power grids, reliability at risk: report
[SINGAPORE] Asia Pacific’s (Apac) soaring demand for data centres and other energy-intensive sectors is starting to weigh on power systems across the region, affecting grid reliability and increasing costs for some. According to a report released on Thursday (Jun 11) by construction consultancy Linesight, the demand for reliable electricity has become a critical challenge…
Read MoreChina likely to ditch low-grade coal from Indonesia due to glut
CHINA is likely to cut imports of the lowest grades of coal as a glut of the fuel makes the trade uneconomic and the government tightens up on carbon emissions. It’s a move that would weigh most heavily on suppliers in Indonesia. China’s benchmark price of thermal coal has slumped to a four-year low, a…
Read MoreCapitaLand China Trust to raise 748 million yuan via divestment for C-Reit listing
[SINGAPORE] CapitaLand China Trust (CLCT), a CapitaLand Investment subsidiary, is set to raise up to 748 million yuan (S$134.9 million) through the divestment of CapitaMall Yuhuating, a mature retail asset in Changsha. This is part of its participation in the proposed listing of CapitaLand Commercial C-Reit (CLCR) on the Shanghai Stock Exchange. As part of…
Read MoreCapitaLand China Trust to divest retail property for 748 million yuan
[SINGAPORE] CapitaLand China Trust (CLCT), a CapitaLand Investment subsidiary, is set to raise up to 748 million yuan (S$134.9 million) through the divestment of CapitaMall Yuhuating, a mature retail asset in Changsha. This is part of its participation in the proposed listing of CapitaLand Commercial C-Reit (CLCR) on the Shanghai Stock Exchange. CLCT will dispose…
Read MoreGold prices climb as Middle East tensions rise, US inflation eases
GOLD prices rose on Thursday, as rising Middle East tensions boosted demand for safe-haven assets, while softer-than-expected US inflation data raised expectations of potential interest rate cuts by the Federal Reserve. Spot gold was up 0.3 per cent at US$3,364.10 an ounce, as of 0017 GMT. US gold futures gained 1.2 per cent to US$3,384.40.…
Read MoreStocks to watch: CapitaLand Investment, TalkMed, Aspen
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jun 12). CapitaLand Investment (CLI): The manager of CapitaLand China Trust (CLCT), a CLI subsidiary, on Thursday proposed the establishment and listing of a publicly traded infrastructure securities investment fund, CapitaLand Commercial C-Reit on the Shanghai Stock Exchange. It…
Read MoreToyota chairman to face scrutiny over US$33 billion deal at shareholder meeting
[TOYOTA CITY, Japan] Toyota Motor Chairman Akio Toyoda is likely to face scrutiny over a US$33 billion take-private deal of a key supplier when shareholders assemble for the Japanese automaker’s annual general meeting on Thursday. This year’s gathering, set to kick off at 10.00 am (0100 GMT), marks the first time in three years that…
Read MoreToyota chairman re-elected against backdrop of US$33 billion buyout bid
[TOYOTA CITY, Japan] Toyota Motor shareholders re-elected Akio Toyoda as chairman on Thursday (Jun 12), highlighting support among mom-and-pop investors even as the Japanese automaker’s US$33 billion buyout of a group company draws criticism from overseas shareholders. Toyoda, formerly chief executive of the world’s top-selling automaker and grandson of its founder, was widely expected to…
Read MoreNvidia marks Paris tech fair with Europe AI push
[PARIS] Drawing high-powered tech CEOs and a presidential visit, the Vivatech trade fair opened in Paris on Wednesday with a bang as Nvidia boss Jensen Huang announced a major push into Europe. “In just two years we will increase the amount of AI computing capacity in Europe by a factor of 10,” Huang told a packed hall…
Read MoreIFAs should hew to thinking of the market
[singapore] This column suggested last week that shareholders of Singapore Paincare think twice about accepting the recently announced offer at S$0.16 per share, and hold out for a better deal. The privatisation offer by way of scheme of arrangement comes only five years after the company sold shares to investors at S$0.22 each, and listed…
Read MoreUS Treasury chief does not see himself replacing Fed chair
Published Thu, Jun 12, 2025 · 06:56 AM [WASHINGTON] US Treasury Secretary Scott Bessent said on Wednesday that he wishes to remain in his current position, after a report emerged that he is a contender to succeed the Federal Reserve chair. Asked which role he would prefer, Bessent told the House Ways and Means Committee…
Read MoreOil prices jumps 4% to 2-month high as tensions rise in Middle East
[NEW YORK] Oil prices rose more than 4 per cent on Wednesday, to their highest in more than two months, after sources said the US was preparing to evacuate its Iraqi embassy due to heightened security concerns in the Middle East. Brent crude futures settled US$2.90, or 4.34 per cent, higher to US$69.77 a barrel. US West…
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