Posts by Kim Browne
CICT sells stake in CapitaSpring serviced residence component for S$37.8 million
[SINGAPORE] The manager of CapitaLand Integrated Commercial Trust (CICT) on Friday (May 2) announced the sale of its stake in the serviced residence component of CapitaSpring. CICT owns a 45 per cent interest in Glory SR Trust, which holds the serviced residence component of the integrated development. CICT’s manager did not disclose the purchasers, but…
Read MoreCICT sells stake in CapitaSpring serviced residence component for S$126 million
[SINGAPORE] The manager of CapitaLand Integrated Commercial Trust (CICT) on Friday (May 2) announced the sale of its stake in the serviced residence component of CapitaSpring. CICT owns a 45 per cent interest in Glory SR Trust, which holds the serviced residence component of the integrated development. CICT’s manager did not disclose the purchasers, but…
Read MoreExxon and Chevron Report Lower Profits While Girding for Tariffs
The two largest U.S. oil companies reported their lowest first-quarter profits in years on Friday as they braced for the economic fallout from President Trump’s trade war, which has weakened consumer confidence and pushed oil prices down. U.S. crude prices slipped below $60 a barrel this week, a threshold below which many companies cannot make…
Read MoreThe Supreme Court Is Declaring War on Secularism
Roberts’s response did not so much dispute his colleague’s critique as prove it. “Justice Breyer stresses the importance of ‘government neutrality’ when it comes to religious matters, but there is nothing neutral about Maine’s program,” the chief justice opined. “The state pays tuition for certain students at private schools—so long as the schools are not…
Read MoreInside Trump’s Bizarre Campaign to Bend the Art World to His Will
Lee Greenwood, a country music singer who was reappointed to the Kennedy Center board in February, and who was previously chosen as a trustee during Trump’s first term, isn’t worried about the early turbulence. Trump wants to bring the Kennedy Center “to its former beauty,” said the singer, whose hit “God Bless the USA” has…
Read MoreAmericans Really Dislike Trump. But They’re About to Truly Hate Him.
Donald Trump did not fire any commissioners from the [Federal Trade Commission] today. Donald Trump declared that he had fired the commissioners. That is, functionally, he announced a desire that he should have the power to fire FTC commissioners and named the commissioners that he would fire if he were to have that power—a power…
Read MoreSingapore shares close higher ahead of GE2025; STI up 0.3%
[SINGAPORE] Stocks on the local bourse ended higher on Friday (May 2), a day before Singaporeans head to the polls. The Straits Times Index (STI) gained 0.3 per cent or 12.63 points to 3,845.14. On the STI, Jardine Matheson was the top gainer. It rose 3.9 per cent or US$1.74 to US$46.20. CapitaLand Investment came in…
Read MoreMeta and Blumhouse Create Chatbot That Encourages Phone Use During Movies
“Oh, wow, this is really cool,” Flannery Johnston, 28, said as the chatbot came to life, offering a personalized hello from M3GAN, the diabolical A.I. doll at the center of the movie. Over the next 20 minutes, the chatbot served up about 10 messages. One was a question: “Do you think they’re inventing other dolls…
Read MoreTrump’s Arrests Hit by Major Legal Setback as Stephen Miller Seethes
Big news: A federal judge just ruled that President Trump’s renditions under the 1798 Alien Enemies Act are illegal, a big blow to Trump’s lawlessness. Meanwhile, Stephen Miller ranted wildly at the media for daring to ask hard questions about the wrongfully deported Kilmar Abrego Garcia, falsely stating as fact that he’s an “MS-13 terrorist”…
Read MoreShorter-duration bonds shine in Asia as Trump’s tariffs roil markets
[SINGAPORE] US President Donald Trump’s tariffs shook markets across asset classes, sending investors searching for shelter. Some landed on cash, some on gold, but some money managers are finding comfort in fixed income. “In these periods of volatility, people should look to credit and fixed income, because the income on offer is as high as…
Read MoreTrump Ends Chinese Tariff Loophole, Raising the Cost of Online Goods
The Trump administration on Friday officially eliminated a loophole that had allowed American shoppers to buy cheap goods from China without paying tariffs. The move will help U.S. manufacturers that have struggled to compete with a wave of low-cost Chinese products, but it has already resulted in higher prices for Americans who shop online. The…
Read MoreGold set for worst week in more than two months; US jobs data eyed
GOLD prices were poised for their worst weekly performance in more than two months on Friday as receding trade tensions tempered safe-haven demand, while the market’s focus shifted to the US non-farm payrolls report, due later in the day. Spot gold was steady at US$3,239.15 an ounce as of 0206 GMT. Gold has lost more than 2 per cent…
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