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Business Times
11 hours ago
- Business
- Business Times
Wing Tai Properties unveils Hong Kong CBD mixed-use development joint venture with CSI Properties
[SINGAPORE] Real estate developer Wing Tai Properties announced a joint venture with CSI Properties – a mixed-use development in the Hong Kong central business district set to be completed in mid-2026. The placemaking project, named Central Crossing, is a 433,000 square foot (sq ft) development situated at the city's cultural and lifestyle hub and connected to its key business and financial institutions, said Wing Tai Properties on Tuesday (Jul 22). As a Grade A office development built on a heritage site, it aims to embrace the local heritage of the area, including historical features that date back to 1880, while providing a new addition to the city's urban landscape, said the property developer. Located at 118 Wellington Street in the Central district of Hong Kong, it will integrate Grade A offices, a luxury international hotel, a bespoke lifestyle hub, green open spaces and heritage preservation features. The project will feature a dual tower structure, comprising a 28-storey office tower with some 10,600 sq ft of gross floor area and a hotel tower, both of which will be positioned to align with the city's historic urban grid. Commercial spaces will be located at the bases of the towers alongside a four-storey water wall that defines the main entrance of the hotel, Wing Tai Properties said. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up Linked to transport hubs through a central walkway system, the development will be a quick walk from the underground Mass Transit Railway and the Airport Express service, which provides access between the city and Hong Kong International Airport. It will be situated close to restaurants, bars and historic attractions such as Tai Kwun, PMQ and Central Market, and will also feature new pedestrian routes that allow people to cross the site at multiple levels and access the surrounding streets. Designed by architecture firm Foster + Partners, Central Crossing is a project under Hong Kong's Urban Renewal Authority. Wing Tai Properties and CSI Properties won the contract to develop the site from the authority in late 2017. Wing Tai Properties is listed on the Hong Kong Stock Exchange. It is part of the Wing Tai Asia network of companies, which includes Singapore-listed Wing Tai Holdings.
Economic Times
2 days ago
- Business
- Economic Times
Nifty support levels at 24,900 seen crucial: Analysts
Given the uncertain backdrop, traders should remain cautious and avoid aggressive positions. Sustainable long trades should only be considered above 25,800, which would signal strength returning to the broader trend. Synopsis Nifty is near a key support level of 24,900. A break below could lead to further decline. Analysts suggest short positions in Nifty and select stocks. Profit-booking is advised around 24,500. A rally towards 25,200 presents selling opportunities. Buy-on-dips strategy is ideal. Aggressive longs should be considered above 25,550. After slipping below the psychological 25,000-mark last week, the Nifty is now trading near a crucial support zone around 24,900–24,930. Analysts note that this area holds key technical significance, with multiple indicators converging near this range. A decisive close below 24,900 could trigger a deeper correction, dragging the index toward 24,500 or even lower, while a rebound could face stiff resistance near 25,200–25,300. ADVERTISEMENT NAGARAJ SHETTI SENIOR TECHNICAL RESEARCH ANALYST, HDFC SECURITIES Where is Nifty headed this week? A negative candle was formed on the daily chart on Friday, indicating an attempt to break down below immediate support. On the weekly chart, Nifty formed a third consecutive bearish candle. The previous decisive upside breakout from last month's larger range has been negated as Nifty slipped below the crucial 25,000 mark. There is a probability of Nifty sliding down to the next important support at 24,500 in the coming week. Any pullback rally could encounter strong hurdles around 25,200. Trading strategies for the week: With markets in a downtrend, fresh short positions are advised in the index and select stocks. Any pullback rally towards 25,200 could present a sell-on-rise opportunity. Partial profit-booking may be considered around the downside target of 24,500 in the next 1–2 weeks. However, any sharp bounce above 25,250 could be a red flag for shorts and an opportunity to square off. Shorts can be created in Bank Nifty, infrastructure, public sector enterprises, energy, and IT sectors. Some stocks with a negative bias include Axis Bank, Federal Bank, CG Power and Industrial Solutions, Samvardhana Motherson International, Hindustan Petroleum Corporation, Bharat Petroleum Corporation, Infosys, LTIMindtree, Coforge, and Power Finance Corporation. SACCHITANAND UTTEKAR VP, RESEARCH, TRADEBULLS SECURITIES ADVERTISEMENT Where is Nifty headed this week? Last week, the Nifty slipped below its crucial 5-week EMA support of 25,130 for the first time in nearly four months, making this a key resistance level going forward. The weekly ADX remains flat at 21, and RSI holds steady at 56, reflecting indecision. Notably, the last three weeks' price action is contained within the weekly candle ended June 27, forming a potential 'rising three' continuation pattern, with confirmation above 25,255. On the daily chart, Nifty is trending near a vital support zone: the 50-DEMA at 24,930, Fibonacci supports at 24,920 (61.8%) and 24,800 (78.6%), and 5-month EMA at 24,680. These suggest likely rebound if Nifty sustains above 24,930 on closing basis. A sustained breach below this may lead to deeper retracement toward 20-week EMA near 24,540. Trading strategies for the week: Retaining buy-on-dips strategy is ideal, with aggressive longs to be considered above 25,550, a key breakout level. If correction deepens, it should be viewed as an opportunity for staggered accumulation at key support levels. Top picks are SBI, Bajaj Fin, Hero MotoCorp, Torrent Pharma, Coal India, NMDC, Tata Steel, UltraTech, Dalmia Bharat, Alkem Labs, Tata Power, Varun Beverages, Tata Consumer. ADVERTISEMENT MEHUL KOTHARI DEPUTY VICE PRESIDENT, TECHNICAL RESEARCH, ANAND RATHI SHARES AND STOCK BROKERS Where is Nifty headed this week? ADVERTISEMENT Nifty ended the week on a weak note after breaching the psychological 25,000 mark and closing near a crucial rising trendline support. While this signals shortterm weakness, a decisive move below 24,900 would confirm an extended correction. Without such a move, a quick pullback above 25,000 could occur, but this may only be a temporary bounce. The broader structure remains tricky, and unless the 25,800 resistance—a key supply zone—is taken out, the market is unlikely to resume a sustained uptrend. Trading strategies for the week: Given the uncertain backdrop, traders should remain cautious and avoid aggressive positions. Sustainable long trades should only be considered above 25,800, which would signal strength returning to the broader trend. In Bank Nifty, weakness continues as long as it stays below 57,000, with breakdown possibilities below 56,000 that could drag it toward 54,500–54,000. Meaningful allocations should wait until the market breaks out of this indecisive range with conviction. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Fox Sports
2 days ago
- Sport
- Fox Sports
Cardinals look to end road slide, play the Diamondbacks
Associated Press St. Louis Cardinals (51-48, fourth in the NL Central) vs. Arizona Diamondbacks (49-50, fourth in the NL West) Phoenix; Sunday, 4:10 p.m. EDT PITCHING PROBABLES: Cardinals: Miles Mikolas (5-6, 4.94 ERA, 1.29 WHIP, 66 strikeouts); Diamondbacks: Merrill Kelly (8-5, 3.34 ERA, 1.05 WHIP, 113 strikeouts) BETMGM SPORTSBOOK LINE: Diamondbacks -148, Cardinals +123; over/under is 9 runs BOTTOM LINE: The St. Louis Cardinals hit the road against the Arizona Diamondbacks looking to end a three-game road skid. Arizona has a 25-25 record at home and a 49-50 record overall. The Diamondbacks have an 11-19 record in games decided by one run. St. Louis has gone 22-28 on the road and 51-48 overall. The Cardinals have a 23-6 record in games when they hit at least two home runs. The matchup Sunday is the sixth time these teams square off this season. The Cardinals hold a 3-2 advantage in the season series. TOP PERFORMERS: Geraldo Perdomo has 20 doubles, two triples, 10 home runs and 71 RBIs for the Diamondbacks. Eugenio Suarez is 9 for 36 with two doubles, five home runs and eight RBIs over the past 10 games. Brendan Donovan has 22 doubles and eight home runs for the Cardinals. Masyn Winn is 13 for 41 with three doubles over the last 10 games. LAST 10 GAMES: Diamondbacks: 5-5, .246 batting average, 3.45 ERA, outscored opponents by 14 runs Cardinals: 4-6, .254 batting average, 5.59 ERA, outscored by 20 runs INJURIES: Diamondbacks: Gabriel Moreno: 60-Day IL (hand), Jalen Beeks: 15-Day IL (back), Shelby Miller: 15-Day IL (forearm), Tommy Henry: 60-Day IL (elbow), Pavin Smith: 10-Day IL (oblique), Ryan Thompson: 15-Day IL (scapular strain), Ildemaro Vargas: 10-Day IL (foot), Christian Montes De Oca: 60-Day IL (elbow), Justin Martinez: 60-Day IL (elbow), Cristian Mena: 60-Day IL (shoulder), Corbin Burnes: 60-Day IL (elbow), A.J. Puk: 60-Day IL (elbow), Jordan Montgomery: 60-Day IL (elbow), Blake Walston: 60-Day IL (elbow) Cardinals: Nolan Gorman: 10-Day IL (back), Lars Nootbaar: 10-Day IL (ribs), Zack Thompson: 60-Day IL (lat) ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar. recommended Item 1 of 1
Fox Sports
3 days ago
- Sport
- Fox Sports
Arizona Diamondbacks and St. Louis Cardinals meet in game 2 of series
Associated Press St. Louis Cardinals (51-47, fourth in the NL Central) vs. Arizona Diamondbacks (48-50, fourth in the NL West) Phoenix; Saturday, 7:15 p.m. EDT PITCHING PROBABLES: Cardinals: Sonny Gray (9-3, 3.50 ERA, 1.08 WHIP, 118 strikeouts); Diamondbacks: Ryne Nelson (5-2, 3.68 ERA, 1.07 WHIP, 65 strikeouts) BETMGM SPORTSBOOK LINE: Diamondbacks -110, Cardinals -109; over/under is 9 runs BOTTOM LINE: The Arizona Diamondbacks lead 1-0 in a three-game series with the St. Louis Cardinals. Arizona has gone 24-25 in home games and 48-50 overall. The Diamondbacks have the third-best team slugging percentage in the majors at .444. St. Louis is 22-27 on the road and 51-47 overall. The Cardinals have the 10th-best team batting average in MLB play at .252. Saturday's game is the fifth time these teams square off this season. The Cardinals are ahead 3-1 in the season series. TOP PERFORMERS: Eugenio Suarez leads the Diamondbacks with 31 home runs while slugging .567. Lourdes Gurriel Jr. is 11 for 43 with four doubles, a triple and three RBIs over the past 10 games. Brendan Donovan has 22 doubles and eight home runs for the Cardinals. Willson Contreras is 11 for 37 with four doubles and a home run over the last 10 games. LAST 10 GAMES: Diamondbacks: 5-5, .233 batting average, 3.45 ERA, outscored opponents by 11 runs Cardinals: 4-6, .247 batting average, 5.90 ERA, outscored by 19 runs INJURIES: Diamondbacks: Gabriel Moreno: 60-Day IL (hand), Jalen Beeks: 15-Day IL (back), Shelby Miller: 15-Day IL (forearm), Tommy Henry: 60-Day IL (elbow), Pavin Smith: 10-Day IL (oblique), Ryan Thompson: 15-Day IL (scapular strain), Ildemaro Vargas: 10-Day IL (foot), Christian Montes De Oca: 60-Day IL (elbow), Justin Martinez: 60-Day IL (elbow), Cristian Mena: 60-Day IL (shoulder), Corbin Burnes: 60-Day IL (elbow), A.J. Puk: 60-Day IL (elbow), Jordan Montgomery: 60-Day IL (elbow), Blake Walston: 60-Day IL (elbow) Cardinals: Nolan Gorman: day-to-day (back), Lars Nootbaar: 10-Day IL (ribs), Zack Thompson: 60-Day IL (lat) ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar. recommended Item 1 of 3
Fox Sports
4 days ago
- Sport
- Fox Sports
Diamondbacks host the Cardinals to open 3-game series
Associated Press St. Louis Cardinals (51-46, third in the NL Central) vs. Arizona Diamondbacks (47-50, fourth in the NL West) Phoenix; Friday, 9:40 p.m. EDT PITCHING PROBABLES: Cardinals: Andre Pallante (5-5, 4.49 ERA, 1.29 WHIP, 64 strikeouts); Diamondbacks: Brandon Pfaadt (9-6, 5.07 ERA, 1.30 WHIP, 84 strikeouts) BETMGM SPORTSBOOK LINE: Diamondbacks -130, Cardinals +109; over/under is 8 1/2 runs BOTTOM LINE: The Arizona Diamondbacks host the St. Louis Cardinals to begin a three-game series. Arizona is 23-25 in home games and 47-50 overall. The Diamondbacks have gone 11-19 in games decided by one run. St. Louis has a 51-46 record overall and a 22-26 record in road games. The Cardinals have a 39-9 record in games when they scored five or more runs. The matchup Friday is the fourth time these teams square off this season. TOP PERFORMERS: Geraldo Perdomo has 20 doubles, a triple and 10 home runs for the Diamondbacks. Lourdes Gurriel Jr. is 11 for 43 with five doubles and a triple over the last 10 games. Alec Burleson has 17 doubles, 11 home runs and 43 RBIs for the Cardinals. Nolan Gorman is 7 for 34 with three home runs over the last 10 games. LAST 10 GAMES: Diamondbacks: 4-6, .225 batting average, 3.97 ERA, outscored opponents by one run Cardinals: 4-6, .236 batting average, 5.79 ERA, outscored by 20 runs INJURIES: Diamondbacks: Jalen Beeks: 15-Day IL (back), Shelby Miller: 15-Day IL (forearm), Tommy Henry: 60-Day IL (elbow), Pavin Smith: 10-Day IL (oblique), Ryan Thompson: 15-Day IL (scapular strain), Ildemaro Vargas: 10-Day IL (foot), Christian Montes De Oca: 60-Day IL (elbow), Gabriel Moreno: 10-Day IL (hand), Justin Martinez: 60-Day IL (elbow), Cristian Mena: 60-Day IL (shoulder), Corbin Burnes: 60-Day IL (elbow), A.J. Puk: 60-Day IL (elbow), Jordan Montgomery: 60-Day IL (elbow), Blake Walston: 60-Day IL (elbow) Cardinals: Lars Nootbaar: 10-Day IL (ribs), Nolan Arenado: day-to-day (finger), Jordan Walker: 10-Day IL (appendicitis), Zack Thompson: 60-Day IL (lat) ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar. recommended Item 1 of 3
