DIRS.INFO The most relevant business & tech news

☆ Australia’s Great Barrier Reef suffers ‘extensive’ coral bleaching, as scientists fear seventh mass bleaching event
▼ + stars: | 2024-02-29 | by ( Helen Regan | ) edition.cnn.com time to read: +7 min

CNN —The southern Great Barrier Reef is suffering from extensive coral bleaching due to heat stress, the reef’s managers said Wednesday, raising fears that a seventh mass bleaching event could be unfolding across the vast, ecologically important site. Jonas Gratzer/LightRocket/Getty ImagesThe Great Barrier Reef’s managers plan to extend aerial and in-water surveys across the entire reef over the coming weeks. Hotter ocean temperatures caused severe mass bleaching at the Great Barrier Reef in 2016, 2017 and 2020. Last year, the UNESCO World Heritage Committee decided not to add the Great Barrier Reef to its list of sites “in danger,” despite scientific evidence suggesting the risk of another mass bleaching event. Greenpeace’s Ritter said that following the decision, “the Australian government promised to do everything it can to protect the Great Barrier Reef.

Persons: Mark Read, Elliot, Jonas Gratzer, ”, Neal Cantin, Maya Srinivasan, ” Srinivasan, ” David Ritter, “, ” Ove Hoegh, Greenpeace’s Ritter Organizations: CNN, Park Authority, Australian Institute of Marine Science, El, James Cook University, Marine Park Authority, Greenpeace Australia Pacific, Foundation, Oceanic, UNESCO World Heritage Committee, Labor Locations: Keppel, Gladstone, Queensland, Australia, Cairns, Florida, Caribbean

☆ The asset management business is built on momentum, says Singapore's Keppel
▼ + stars: | 2024-01-15 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe asset management business is built on momentum, says Singapore's KeppelLoh Chin Hua, CEO of Keppel, explains to CNBC's Christine Tan the conglomerate's vision of becoming a global asset manager.

Persons: Singapore's Keppel Loh Chin Hua, Keppel, CNBC's Christine Tan

☆ The new architecture set to shape the world in 2024
▼ + stars: | 2024-01-10 | by ( Oscar Holland | ) edition.cnn.com time to read: +11 min

Kéré’s Berlin-based firm says the building’s top-heavy appearance was inspired by the palaver tree, which traditionally served as a meeting place. Designed for developer s2e Technologies by US architecture firm Gensler, the four circular residential structures can accommodate a combined 84 households. But it is perhaps Bjarke Ingels, founder of Danish design firm BIG, that has had the greatest impact on the city’s once modest skyline. The first restored sections are set to be ready in time for this summer’s Paris Olympics. Norwegian architecture firm Snøhetta and local practice Blight Rayner — who together beat more than 20 entries in an international competition — say that the design was inspired by the flow of the Brisbane River.

Persons: David Chipperfield, Francis Kéré, Kéré, China Stefano Boeri, Bosco, Stefano Boeri, Mestres Wåge, Nicolai Tangen, NBBJ, Dror, EPIQ, Ecuador Uribe Schwarzkopf, Bjarke, Moshe Safdie, Jean Nouvel, Ma Yansong, Ingels, France Chatillon Architectes, Notre Dame isn’t, Chatillon, Nikken Sekkei, ”, “, Blight Rayner —, Aunty Lilla Watson Organizations: CNN, superlatives, Malaysia’s, Benin National Assembly, Forest, Kunstsilo, Keppel South, Enclave, s2e Technologies, Bjarke Ingels, BIG, UNESCO, Heritage, Notre Dame, Palais, Beaux -, Chatillon Architects, UAE Kerzner, United, “ Michelin, New York Times, Gang, Queensland Performing Arts Centre, Queensland Performing Arts Locations: India, Benin, Porto, Novo, Burkina Faso, Kéré’s Berlin, Nanjing, China, Milan, Italy, Europe, China’s, Kristiansand, Norway, Norwegian, Keppel, Keppel South Central, Singapore, London, Canada, London , Ontario, Quito, Ecuador, Bjarke Ingels Quito, Parque La Carolina, Paris, France, Dubai, UAE, United Arab Emirates, Hotel, Denver, USA, Denver , Colorado, Urban, Brisbane, Australia, Australian

☆ Bank of America: Asian buybacks just hit a 20-year high — and these stocks are a buying opportunity
▼ + stars: | 2023-09-04 | by ( Lucy Handley | ) www.cnbc.com time to read: +1 min

Analysts at Bank of America named Asian stocks with high buybacks, which they said are an opportunity for investors. "Data since Jan-90 shows Asia stocks with High Share Buybacks tend to outperform," the analysts wrote in an August 31 research note. "The proportion of Asia stocks buying back shares is at a 20-year high, suggesting increased opportunity for investors," said the analysts led by Nigel Tupper. Other Chinese stocks on BofA's list include semiconductor supplier Daqo New Energy and utilities firm Huaneng Power . Australian stocks on BofA's list included banks Westpac and National Australia Bank .

Persons: Nigel Tupper, BofA, CJ Cheil Organizations: Bank of America, Companies, Smart, New Energy, Huaneng, Catcher Tech, Westpac, National Australia Bank, Woolworths, Keppel Corp, HK Land, Swire Pacific Locations: Asia, China, Huaneng Power, South Korea, Australia, Taiwan, Hong Kong, U.S

☆ We're not seeing any markdowns in our China assets, Keppel CEO says
▼ + stars: | 2023-07-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're not seeing any markdowns in our China assets, Keppel CEO saysLoh Chin Hua, CEO of Keppel, discusses the company's earnings for the first half of the year and the outlook for the second half.

Persons: Keppel, Loh Chin Hua Locations: China

☆ Morgan Stanley reveals the 'top' property stocks to buy and short right now
▼ + stars: | 2023-07-28 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Morgan Stanley has named three stocks to buy and three to short as it revealed a cautious stance on the global office space sector. Reflecting that view, Morgan Stanley said shares of Office Properties Income Trust and Vornado Realty Trust face significant downside to the current share price. The Wall Street bank expects both stocks to decline by more than 35% over the next 12 months. Stocks to buy Morgan Stanley also identified stocks it said were undervalued, pricing in a significantly worse trading environment than is likely to be the case. Shares of all three property companies are also traded in the U.S. "HK has been pricing in one of the highest implied cap rates across the global office markets.

Persons: Morgan Stanley, Ronald Kamdem, Stocks, Morgan Stanley's, Keppel REIT, — CNBC's Michael Bloom Organizations: Income, Vornado Realty, Hongkong, HK Locations: U.S, Hong Kong, Singapore, Europe, Hongkong Land

☆ Singapore overtakes Hong Kong as the most expensive Asia-Pacific city for private homes
▼ + stars: | 2023-06-01 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +5 min

Tobiasjo | E+ | Getty ImagesSingapore's private homes are now the most expensive in Asia-Pacific, having overtaken Hong Kong, according to a new report. Private rental homes in Singapore also had the highest monthly rent in the region at $2,600 — "far exceeding" other cities such as Sydney, Melbourne and Hong Kong, according to the report. Hong Kong vs. SingaporeHome prices in Hong Kong "dropped substantially" in 2022, ULI said, citing the significant increase in mortgage interest rates as Hong Kong keeps pace with the U.S. Federal Reserve. Rental pricesSingapore's private rental homes have the highest monthly rent in the region, having increased by nearly 30% in 2022. Home attainabilityDespite Singapore's private homes being the most expensive in the region, the city state also has the highest homeownership rate at 89.3%.

Persons: ULI, Hong, Kong's, David Faulkner, homeownership, Ho Organizations: Yacht, Urban Land Institute, ULI, Asia Pacific Centre for Housing, Singapore, U.S . Federal, Hong Kong, Sydney, Melbourne, Urban Land Institute Asia Pacific Centre, Housing, Hong, Housing Private, CNBC, Housing Development Board, Board Locations: Singapore, Keppel, Asia, Pacific, Hong Kong, Sydney, Melbourne, U.S, Shenzhen, Beijing, Brisbane, Covid, Australia, China, Ho Chi Minh, Vietnam, Da Nang

Sembcorp, which is 49.3% owned by Singapore's state investor Temasek Holdings, has hired HSBC (HSBA.L) to run the sale of SembWaste, according to the sources. First-round of non-binding bids are due by early June, said one of the sources, declining to be named as the matter is private. Last year, SembWaste's earnings before interest, taxes, depreciation, and amortization was S$50 million ($37.75 million), one of the sources added. Last year, Singapore's asset manager Keppel consortium bought a 80% stake in environmental services firm 800 Super Holdings for S$304 million. SembWaste is one of three public waste collectors appointed by Singapore's National Environment Agency to provide waste and recyclable collection services to residential, schools and trade premises in the city-state, according to its website.

☆ As markets turn rocky, these global stocks look resilient and are expected to rally
▼ + stars: | 2023-03-15 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Stocks slid, with the Dow Jones Industrial Average posting its fifth straight day of declines on Monday, while the 2-year Treasury yield tumbled . The screen threw up a mix of health care, consumer, utility and even some financial stocks. Canadian financial services firm Fairfax Financial Holdings and Japanese natural gas provider Tokyo Gas got among the highest expected earnings growth for this year – at more than 150% each. British bank HSBC also made it to the list, with nearly 50% expected earnings growth and 23% average upside. Italian luxury sports car maker Ferrari made the screen, with 21% expected earnings growth and around 20% upside.

[1/5] Elderly visitors enjoy the sunshine, at a nursing home of Lendlease's Ardor Gardens in Shanghai, China February 27, 2023. Lim says "stigma" around retirement homes in China is quickly disappearing. About 4% of people aged 65 and over in Britain live in retirement homes, according to information service Lottie. Ding Hui, China managing director at Australian real estate firm Lendlease (LLC.AX), expects demand for retirement homes to rise sharply in the next five to 10 years. Government-run nursing homes with basic facilities in Shanghai and Beijing are much cheaper, at about 2,000 yuan ($290) a month.

☆ Sembcorp Marine would benefit in the long term from merger with Keppel O&M: UOB
▼ + stars: | 2023-02-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSembcorp Marine would benefit in the long term from merger with Keppel O&M: UOBAdrian Loh of UOB Kay Hian says "the benefits of this merger certainly outweigh the short-term pain."

☆ Singapore exports rise 3.1% year-on-year in September, missing forecasts
▼ + stars: | 2022-10-17 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

FILE PHOTO: A ship docks at Keppel terminal in Singapore November 17, 2020. REUTERS/Edgar SuSINGAPORE (Reuters) - Singapore’s September non-oil domestic exports (NODX) grew 3.1% year-on-year, official data showed on Monday, slower than the previous month and missing forecasts due to declines in shipments for the Chinese and Hong Kong markets. On a seasonally adjusted month-on-month basis, NODX fell 4%, Enterprise Singapore data showed, versus the prior month’s 3.9% decline. Electronic NODX fell 10.6% on year in September, with integrated circuits, disk media products and personal computer parts declining by 12.0%, 42.7% and 22.3% respectively. Non-electronic NODX grew 7.6%, with pharmaceuticals, measuring instruments and non-monetary gold contributing the most to the growth.

Search resuls for: "Keppel"

12 mentions found