SPH Reit has launched a private placement to raise at least S$161.5 million to partially fund its proposed A$670 million (S$627.9 million) acquisition of a 50 per cent stake in a shopping centre in South Australia.

Singapore agribusiness Wilmar International hopes to receive regulatory approval early next year for the initial public offering of its China business, Yihai Kerry Arawana Holdings (YKA), it said on Thursday.

US home sales increased more than expected in October and house prices rose at the fastest pace in more than two years amid lower mortgage rates and a shortage of properties for sale.

Embattled office sharing firm WeWork will lay off 2,400 employees worldwide - about a fifth of its workforce - as the it struggles to reorganise amid mounting losses, the company announced Thursday.

Billionaire businessman Michael Bloomberg, yet to officially declare himself a presidential candidate, took another step towards a run at the White House on Thursday by registering with the US Federal Election Commission.

India will defer spectrum payments due from telecommunications companies for two years to help an industry ravaged by a years-long price war, mounting debt and a court decision last month demanding US$13 billion in overdue fees.

CHINA Railway 11 Bureau Group Corporation (Singapore Branch) has snagged a S$739.5 million civil contract to design and construct Tengah Depot and associated facilities, the Land Transport Authority (LTA) announced on Wednesday evening.

Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR