Posts by Swedan Margen
Gold edges down on stronger US dollar, easing tariff concerns
[BENGALURU] Gold prices edged lower in early trade on Tuesday (Jul 29), weighed down by easing concerns over a global tariff war and a stronger US dollar, while investors focussed on the US Federal Reserve policy meeting for interest rate clues. Spot gold was down 0.2 per cent at US$3,308.39 per ounce, as at 0024…
Read MoreRichest Indonesian adds US$20 billion to wealth on energy rally
[SINGAPORE] Billionaire Prajogo Pangestu’s fortune is soaring once again, a sharp reversal from the precipitous falls that erased billions over the past year. The 81-year-old, who is Indonesia’s richest person, has added more than US$20 billion to his net worth since it hit a low in April, lifting it to US$36.2 billion, according to the…
Read MoreWaymo to launch autonomous ride-hailing in Dallas next year
ALPHABET’S Waymo said on Monday it will roll out its autonomous ride-hailing service in Dallas in 2026, accelerating its US expansion as electric vehicle maker Tesla pushes to grow its recently launched robotaxi business. After years of cautious growth, Waymo has recently increased its pace, launching in new cities through partnerships with ride-hailing platforms and…
Read MoreAlphabet’s Waymo to launch autonomous ride-hailing service in Dallas in 2026
ALPHABET’S Waymo will roll out its autonomous ride-hailing service in Dallas in 2026, accelerating its US expansion as electric vehicle maker Tesla pushes to grow its recently launched robotaxi business. After years of cautious growth, Waymo has recently increased its pace, launching in new cities through partnerships with ride-hailing platforms and fleet operators. In Dallas…
Read MoreStoneweg E-Reit divests non-core office asset in Poland for 7.8 million euros
Net proceeds from the divestment will be applied towards reducing the revolving credit facility and/or for general working capital purposes of the trust [SINGAPORE] The trustee-manager of Stoneweg European Business Trust – a part of Stoneweg Europe Stapled Trust (Sert) – announced on Tuesday (Jul 29) that it will be selling Arkonska Business Park for a…
Read MoreStoneweg Europe Stapled Trust divests non-core office asset in Poland for 7.8 million euros
Net proceeds from the divestment will be applied towards reducing the revolving credit facility and/or for general working capital purposes of the trust [SINGAPORE] The trustee-manager of Stoneweg European Business Trust – a part of Stoneweg Europe Stapled Trust (Sert) – announced on Tuesday (Jul 29) that it will be selling Arkonska Business Park for a…
Read MoreKeppel Pacific Oak US Reit H1 distributable income falls 16.2% to US$19.9 million
The decline is mainly due to lower cash net property income and higher other trust expenses [SINGAPORE] Keppel Pacific Oak US Reit (Kore) posted a distributable income of US$19.9 million for its first half of the financial year ended Jun 30, down 16.2 per cent from US$23.8 million in the previous corresponding period. The US…
Read MoreESR-Reit H1 DPU inches up 0.2% to S$0.11239
[SINGAPORE] ESR Real Estate Investment Trust (ESR-Reit) posted a 0.2 per cent rise in distribution per unit (DPU) to S$0.11239 for the first half ended Jun 30, from S$0.1122 in the corresponding year-ago period. This was in light of the acquisitions of the 100 per cent trust beneficiary interest in ESR Yatomi Kisosaki Distribution Centre…
Read MoreStocks to watch: Singapore Airlines, CapitaLand Ascott Trust, ESR-Reit, First Sponsor, iFast
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jul 29): Singapore Airlines: The company reported a 58.8 per cent drop in Q1 FY2026 net profit to S$186 million on Monday, even as revenue rose 1.5 per cent to S$4.8 billion. The drop in net profit was mainly…
Read MoreStocks to watch: Singapore Airlines, CapitaLand Ascott Trust, ESR-Reit, First Sponsor, iFast, Stoneweg E-Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jul 29): Singapore Airlines: The company reported a 58.8 per cent drop in Q1 FY2026 net profit to S$186 million on Monday, even as revenue rose 1.5 per cent to S$4.8 billion. The drop in net profit was mainly…
Read MoreStocks to watch: Singapore Airlines, CapitaLand Ascott Trust, ESR-Reit, First Sponsor, iFast, Stoneweg Europe Stapled Trust
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jul 29): Singapore Airlines: The company reported a 58.8 per cent drop in Q1 FY2026 net profit to S$186 million on Monday, even as revenue rose 1.5 per cent to S$4.8 billion. The drop in net profit was mainly…
Read MoreTrump ally loses bid to open July 29 US Fed meeting to public
The FOMC meets eight times a year to decide interest rates, releasing statements on its policy decisions immediately following the meetings Published Tue, Jul 29, 2025 · 08:11 AM [WASHINGTON] A federal judge in Washington denied a request by an investment firm led by an ally of US President Donald Trump for public access to…
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