Link REIT Is Said to Weigh Singapore IPO of Non-HK, China Assets
Link REIT is considering listing a real estate investment trust in Singapore that would include some of its properties outside of China and Hong Kong, according to people familiar with the matter.
Hong Kong-based Link has held early discussions with advisers on the potential initial public offering, the people said, asking not to be identified because the information is private.
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Yahoo
37 minutes ago
- Yahoo
Diplomatic win for UK hosting US-China trade talks
Sky News understands that the Trump administration approached the UK government to ask if it would host round two of the US-China trade talks. This is a useful 'diplo-win' for the UK. The first round was held in Geneva last month. News of that happening came as a surprise. The Chinese and the Americans were in the midst of a Trump-instigated trade war. President Trump was en route to Saudi Arabia and suddenly we got word of talks in Switzerland. They went surprisingly well. US treasury secretary Scott Bessent and his Chinese counterpart He Lifeng, met face-to-face and agreed to suspend most tariffs for 90 days. But two weeks later, the Trump administration accused Beijing of breaking the agreements reached in Geneva. Beijing threw the blame back at Washington. On Wednesday, Donald Trump and Xi Jinping spoke by phone. The Chinese claimed this call was at the Americans' request. Either way, the consequence was that the talks were back on track. "I just concluded a very good phone call with President Xi of China, discussing some of the intricacies of our recently made, and agreed to, trade deal," President Trump said this week. From that call came the impetus for a second round of talks. A venue was needed. In stepped the UK at short notice. Beyond being geographically convenient, UK government sources suggest that Britain is geopolitically in the right place right now to act as this bridge and facilitator. The UK-China relationship is in the process of a "reset". Other locations, like Brussels or other EU capitals, would have been less workable. Crucially too, for the UK, this is also potentially advantageous as it seeks to get its own UK-US trade agreement, to eliminate or massively reduce tariffs, over the line. Talks on reaching the "implementation phase" have been near-continuous since the announcement last month, but having the American principals in London is a plus. Sideline talks are possible, but even the presence of the US team in the UK is helpful. Read more from Sky News:Man wrongly deported from US to El Salvador has been returned to face criminal chargesMore than 40 'narco-boat' drug smugglers arrested in major police sting For all the chaos that President Trump is causing with his tariffs, he has instigated face-to-face conversations as he seeks resets. Key players are sitting down around tables - yes, to untangle the trade knots which Trump tied, but this whole episode has pulled foes together around the same table; it has forced relationships and maybe mutual understanding. That's useful. And for this next round, between superpowers, the UK is the host. Also useful.
Wall Street Journal
an hour ago
- Wall Street Journal
Early DOGE Adviser Says Musk's Behavior Is ‘Disturbing'
A Florida investment manager who advocated for 'DOGE dividend checks' says Elon Musk should apologize to President Trump following their public feud. James Fishback, an early adviser to the Department of Government Efficiency who ultimately didn't join the DOGE team, said he was proud of his plan to provide $5,000 checks to Americans funded in part by the savings uncovered by DOGE. But he criticized Musk's 'baseless attacks' against Trump and called the Tesla and SpaceX leader's behavior 'downright disturbing.' Fishback said a DOGE dividend bill pushed by Rep. Carlos Gimenez (R., Fla.) has been put on hold until further notice given the hurdles surrounding the president's tax-and-spending plan, which Musk called a 'disgusting abomination.' Fishback's comments were first reported by Politico.
New York Times
an hour ago
- New York Times
Hong Kong Looks for Ways to Win Back Big-Spending Tourists
The sisters from southwestern China arrived in Hong Kong on a recent holiday, aiming to see as much as they could — in less than 12 hours. Carrying only a small bag each, Hu Di, 30, a bank worker, and Hu Ke, 20, a university student, sampled beef noodles in the Central business district, took turns posing for sunset photos at a waterfront promenade, then captured the city's illuminated skyline after dark. Buying only medicinal oils and retro comics as souvenirs, they spent less than $150 in the day and went back across the mainland China border to stay the night. The sisters are part of a wildly popular trend among mainland Chinese who call themselves 'special forces tourists': independent travelers who get in and out of the city as quickly and cheaply as possible. Mainland Chinese make up more than three-quarters of all tourists in the financial hub. But while they were once big spenders in Hong Kong — buying luxury watches, handbags and designer clothes — they now spend less time and money. That is a challenge to the city's efforts to revive a travel economy hurt by years of antigovernment protests, pandemic restrictions and concerns in the West over its tightening of freedoms through a national security crackdown. Hong Kong, which once billed itself as Asia's World City, is now seeking to brand itself as the region's events capital, emphasizing concerts and trade shows over shopping, to give travelers reasons to return and to spend more. This year, it unveiled a $4 billion sports park at the site of the city's former airport, Kai Tak. Its centerpiece is a purple-hued stadium with air-conditioning under each of its 50,000 seats. It was almost at full capacity during an annual Rugby Sevens tournament in late March. Want all of The Times? Subscribe.
