CapitaLand Investment first-half profit slips 38.3% on lower asset recycling activity

SINGAPORE (THE BUSINESS TIMES) – Property investment manager CapitaLand Investment Limited (CLI) posted a 38.3 per cent drop in profit for the first half year ended June 30, to $433 million, from $702 million last year due to “lower velocity in asset recycling activities”, particularly in China, it said in a regulatory filing on Thursday […]

Fed seen slowing on rate hikes as US inflation eases, but policymakers say more is needed

WASHINGTON (REUTERS) – Slowing US inflation may allow Federal Reserve policymakers to downshift their most aggressive round of monetary policy tightening in decades when they meet next month, though data on tap in the coming weeks could still change the picture. After a US Labour Department report on Wednesday (Aug 10) showed that consumer prices […]