Singapore REIT Mapletree Commercial Trust adds cash-only option to $3 billion merger

Mapletree North Asia Commercial Trust's unitholders will now have an option to receive consideration in cash from a proposed S$4.2 billion ($3.10 billion) merger with Mapletree Commercial Trust, the Temasek-linked Singapore real estate investment trusts said on Monday.

newspaper

21-03-2022

Yen kicks off another week under pressure, with central bank policy in focus

The Japanese yen continued its slide on Monday morning, while the aussie and kiwi remained bid, with traders eying a string of public remarks by global central bank policy makers this week, including Fed chair Jay Powell later Monday.

newspaper

21-03-2022

Euroclear joins bank-backed blockchain payment system

Securities settlement house Euroclear said on Monday it had joined a consortium of banks building a payment system for tokenised assets in the latest sign of established institutions teaming up with newcomers in crypto tech.

newspaper

20-03-2022

Paris taxi driver files lawsuit against Tesla after fatal crash

A Paris taxi driver whose Tesla Model 3 crashed in December, killing one person, has filed a legal complaint against the U.S. carmaker, his lawyer said on Sunday.

newspaper

20-03-2022

Australia bans alumina exports to Russia, sources coal for Ukraine

Australia has imposed an immediate ban on exports of alumina and aluminum ores, including bauxite, to Russia, the government said on Sunday as part of its ongoing sanctions against Moscow for its invasion of Ukraine.

newspaper

20-03-2022

South African court halts construction of Amazon HQ on sacred land

A South African court has halted construction of Amazon's new Africa headquarters after some descendants of the country's earliest inhabitants said the land it would be built on was sacred.

newspaper

20-03-2022

Norway sovereign wealth fund backs call for Toshiba to solicit buyout offers

Norway's sovereign wealth fund, the world's largest, voted in favour of a shareholder proposal requesting Toshiba Corp solicit buyout offers from private equity firms ahead of an extraordinary meeting on March 24.

newspaper

19-03-2022

Norway backs shareholder call for Toshiba to solicit buyout offers

Norway's sovereign wealth fund, Norges Bank Investment Management, voted in favour of a shareholder proposal requesting Toshiba Corp solicit buyout offers from private equity firms, according to a voting record.

newspaper

19-03-2022

ECB's Holzmann argues again for rate rise - paper

European Central Bank (ECB) policymaker Robert Holzmann told an Austrian newspaper that the bank could send a clear message about fighting inflation by raising interest rates before ending its stimulus programme of bond purchases.

newspaper

19-03-2022