GIC leads $170M investment in Brazil’s sports goods e-retailer
(6 May) Brazilian online sports goods retailer Netshoes has received a new round of $170 million investment led by Singapore's sovereign wealth fund GIC. Other investors include Tiger Global Management, Singapore state investor Temasek Holdings, Iconiq Capital and Kaszek Ventures, GIC said in a statement. Netshoes is the...
Tumble in fuel sales adds to evidence of China slowdown
(9 May) Declining demand for ship fuel in Singapore, the merchant fleet’s biggest refueling hub, is signaling weakening prospects for a rebound in Chinese growth. Fuel oil for immediate delivery traded at the biggest discount to later supplies in 16 months on April 28, according to data from PVM Oil Associates Ltd. Sales...
Rent too high? Move to Singapore
High-rise residential apartment buildings in Singapore. (Photo: Roslan Rahman/AFP) (29 April) Anyone in the market for a luxury apartment in Hong Kong, London or Washington toward the end of last year was in luck. The rents on prime flats were sagging a bit. Billionaires could lock in leases on pieds-à-terre at a slight...
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