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Asian developer CapitaLand will sign an agreement with Ascendas-Singbridge, Temasec’s subsidiary, on the purchase of two subsidiaries. The agreement will create the largest diversified real estate group in Asia. The value of company's assets will exceed $85.79 billion, which will allow CapitaLand to be among the top ten global investment managers. The deal will take effect after approval at a meeting of shareholders of the company, which will be held in 2019. After completion of the deal, the share of Temasec in CapitaLand will increase to 51% from 40.8%, and the presence of CapitaLand in the market will expand to the limits of 180 cities in 32 countries.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
Apple, Google, Amazon, and Facebook’s chief executive officers faced Republican and Democratic U.S. lawmakers on Wednesday for the much-anticipated congressional hearing. The CEOs were questioned for alleged abuse of their market power ...
Asian stocks advanced on the prospect of ultra-easy monetary policy as the U.S. Federal Reserve kept interest rates near zero. Fed deemed it necessary to salvage the ailing economy, dragging the dollar down to a two-year low. The target range ...
Asian shares fell on Thursday as the U.S.-China tensions overshadowed hopes for more economic stimulus after Washington ordered the closure of Beijing’s consulate in Houston amid spying allegations. China called the order an “unprecedented ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
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