EUR/USD 1.14404
-0.019%
Gold 4015.33
0.979%
Oil 81.356
3.134%
USD/JPY 162.380
0.010%
GBP/USD 1.34578
-0.153%
GBP/JPY 218.532
-0.116%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Iranian state television, citing Iranian military sources, reported that it had struck US camps and bases in Kuwait and Jordan.Irans Revolutionary Guard: Four "illegal" oil tankers attempting to pass through the Strait of Hormuz were intercepted in a joint missile and drone operation.On July 18, the Iranian Islamic Revolutionary Guard Corps issued a statement saying that two oil tankers exploded and caught fire while passing through a mine-laying area in the southern part of the Strait of Hormuz. The statement emphasized that due to recent US military operations, the Strait of Hormuz is "completely closed," and oil and gas transport cannot proceed through the strait until the US ceases its military operations against Iran. Ships should avoid entering the mine-laying area. The statement did not specify the nationalities of the two oil tankers, the number of casualties, or the extent of damage.According to Iranian state television, the Iranian Revolutionary Guard stated that two oil tankers exploded and caught fire after passing through a mine-torn shipping lane south of the Strait of Hormuz.On July 18, Irans Islamic Revolutionary Guard Corps announced that its forces attacked US facilities in Bahrain, destroying a US unmanned surface vessel storage facility and striking an artificial intelligence center used to assist US forces in target acquisition. Iran stated that this action was a response to previous US attacks on Iranian infrastructure, including bridges, and warned that if the US continues to attack Iranian targets, Iran will expand its strikes to target US industrial, technological, and artificial intelligence-related assets in the Middle East.

Frasers Property of Singapore Will Take Its Hospitality Trust Private

Charlie Brooks

Jun 13, 2022 11:50

16.png


Frasers Property, a Singaporean investment holding company, announced on Monday that it will privatize its subsidiary Frasers Hospitality Trust in a transaction that values the real estate investment trust (REIT) at S$1.35 billion ($970.46 million).


Frasers Property will purchase shares of the REIT, which runs hotels and serviced apartments across Asia, Australia, and Europe, at S$0.70 per share, a premium of 6.1% over their latest closing price.


Frasers Hospitality Trust is smaller than its competitors in a field where scale and size are crucial for liquidity and growth, the company claimed, adding that its size has hindered its ability to reap the benefits of a prolonged listing.


Frasers said that it had struggled to convert its property acquisitions into larger payouts to unitholders.


Suggestion