Mainboard-listed Ascendas Reit has acquired a portfolio of 26 logistics properties in Australia for A$1.01 billion (S$1.01 billion) from the real estate arm of GIC and Frasers Property Australia Pty, its Reit manager announced on Friday (Sept 18).
The US dollar retreated Friday (Sept 18), with emerging market currencies seeing healthy gains, after the Federal Reserve held off hiking interest rates, but most equities markets also fell after the bank's downbeat outlook on the global economy.
Sembcorp Industries (Sembcorp) has entered into a partnership with the Singapore Economic Development Board (EDB) to be Singapore's first industrial 'living laboratory'. As a living lab, Sembcorp will grant technology providers access and share insights into its proprietary wastewater treatment and waste-to-energy facilities on Jurong Island for late-stage test-bedding and co-innovation of water and environmental technologies.
Emerging markets have a friend in Janet Yellen. Policy makers from Asia to Latin America can enjoy a reprieve from a 19 per cent slump by their currencies over the past year after the Federal Reserve kept rates near zero on Thursday, stemming outflows from these economies.
After the Federal Reserve decided to leave interest rates unchanged on Thursday (Sept 17), a majority of Wall Street's top banks now expect the US central bank to begin hiking rates in December, according to a Reuters poll.
Malaysia's ringgit was set to snap the longest run of weekly declines in more than four decades after the US refrained from raising interest rates and a rally in the price of Brent crude improved prospects for the net oil exporter.
Home prices in China rose for a fourth consecutive month in August, offering hope that the ailing property sector is becoming less of a drag on the slowing economy. But analysts do not expect a full-blown turnaround any time soon, as a huge overhang of unsold homes discourages new construction and investment in all but the biggest cities.