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☆ Rafah border crossing point between Gaza and Egypt has opened, allowing first aid trucks to enter the besieged strip
  + stars: | 2023-10-21 | by ( Alia Shoaib | ) www.businessinsider.com   time to read: +2 min
The Rafah border crossing point between Gaza and Egypt has opened, allowing the first aid trucks to enter. The border crossing was opened following negotiations involving the US, Egypt, Israel and the UN. AdvertisementAdvertisementThe Rafah border crossing point between Gaza and Egypt has opened, allowing the first aid trucks to enter the besieged strip on Saturday. Footage shows the convoy of 20 trucks entering from Egypt following a week of negotiations involving the US, Egypt, Israel, and the UN. UN aid trucks are expected to enter Gaza through the border on Monday, the UN spokesperson told CNN.
Persons: —, General Organizations: UN, Service, CNN, Associated Press, United Nations Locations: Rafah, Gaza, Egypt, Israel, Al Jazeera
☆ Singapore's GIC, partner to buy Canadian REIT Summit for $3.3 bln
  + stars: | 2022-11-07 | by ( ) www.reuters.com   time to read: +1 min
Nov 7 (Reuters) - Singapore's sovereign wealth fund GIC and Canada's Dream Industrial REIT (DIR_u.TO) will buy Canada's Summit Industrial Income REIT (SMU_u.TO) for about C$4.46 billion ($3.30 billion), excluding debt, the companies said in separate statements on Monday. GIC and Dream Industrial REIT (DIR) will form a joint venture for the deal, with GIC owning 90% and DIR owning the rest, according to the statements. The deal builds on GIC's recent real estate purchases globally and gives it access to the Canadian industrial space. In September, GIC, along with another private equity firm, bought U.S. commercial REIT Store Capital Corp (STOR.N) for about $14 billion. Including debt, the deal is valued at C$5.9 billion, Summit said.
☆ Stocks shrug off tech's troubles as the Street awaits key inflation data next week
  + stars: | 2022-10-28 | by ( Zev Fima | ) www.cnbc.com   time to read: +9 min
The major indexes all posted gains this week despite a Big Tech beatdown, proving the market can rally without its most valuable stocks. Indeed strength in other sectors — only communication services finished down — helped the overall market to shrug off disappointing earnings results from Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN) and Meta Platforms (META). Alphabet's results fell short of the Street's expectations, but still managed to grow revenue 6% annually off a $65 billion base. (Canada's central bank hiked rates less than expected this week, opting for a 50 basis point hike instead of the expected 75.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
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