Markets

MAINBOARD-listed real estate group SingHaiyi sold some three million stapled securities of Australia-listed Cromwell Property Group on Monday for A$3.96 million (S$3.7 million), or A$1.2935 apiece.

Two years after a fire killed 71 people at London's Grenfell Tower, insurance premiums for building contractors, architects and surveyors have surged by as much as several hundred percent, risking future projects, industry sources say. Combustible materials used to refurbish Grenfell were central ...

STEEL fabricator Yongnam Holdings posted a net loss of S$11.1 million in the third quarter, narrowing 19 per cent from a net loss of S$13.8 million in the same period a year earlier.

Thumb drive maker Trek 2000 International on Monday posted a net profit of about US$4,000 for the third quarter ended Sept 30, compared to a net loss of S$1.96 million a year ago.

<p/> DYNA-MAC Holdings, which fabricates topside modules for the oil and gas industry, has posted a net profit of S$142,000 in the third quarter, down 18.4 per cent from the same period a year earlier. 

KSH Holdings' Q2 net profit more than tripled to S$6 million on a surge in revenue from its construction business, the construction, property development and property management group said on Monday.

British banking heavyweights HSBC and RBS are launching new digital banking platforms, as competition for digitally savvy customers steps up in the face of a wave of online startups.

Whitebox Advisors LLC, a credit-focused hedge fund, has been quietly capitalizing on Wall Street's ambivalence toward gun manufacturers by replacing some banks as a lender to Remington Outdoor Company.

Mainboard-listed BBR Holdings on Monday announced that its wholly-owned subsidiary BBR Greentech has won two contracts to construct solar photovoltaic (PV) systems.

Adidas plans to close high-tech "robot" factories in Germany and the United States it launched to bring production closer to customers, saying on Monday deploying some of the technology in Asia would be "more economic and flexible".