Every atomic assertion extracted from the underlying record, ranked by evidence strength.
Some ECB members would not have opposed raising rates at the April meeting.
Reports suggested that the U.S. and Iran had reached a tentative agreement on a 60-day memorandum of understanding.
The Nasdaq posted record closing highs on Thursday.
The S&P 500 posted record closing highs on Thursday.
The ECB's April decision to keep rates unchanged was a close call for some policymakers.
CapitaLand Ascott Trust (ARTSP) is divesting Robertson House by The Crest Collection in Singapore for SGD360mn.
The MoU still requires approval from both leaders.
ECB policymakers noted that they would have a much richer information set by the June meeting.
Expectations for a June rate hike increased.
Energy prices are likely to remain elevated for longer.
Governments could again offer subsidies to shield consumers from high energy prices, similar to 2022.
Such subsidies could potentially worsen the inflation problem.
St. Louis Fed President Alberto Musalem warned that it would be risky to rely on the prospect of higher future productivity growth to solve today's inflation problem.
The SGD SORA OIS curve traded lower yesterday.
Shorter tenors of the SGD SORA OIS curve traded 1-2bps lower.
Belly tenors of the SGD SORA OIS curve traded 2-3bps lower.
The 10Y SGD SORA OIS curve traded 3bps lower.
Flows in SGD corporates were moderate yesterday.
Flows were noted in MFCCN 2.88% '36s.
US Investment Grade spreads traded flat yesterday at 72bps.
US High Yield spreads traded flat yesterday at 260bps.
The Bloomberg Global Contingent Capital Index widened by 2bps to 225bps.
Bloomberg Asia USD Investment Grade traded flat yesterday at 52bps.
Bloomberg Asia USD High Yield spreads tightened by 1ps to 373bps.
The divestment price of SGD360mn represents a 4% premium to Robertson House's book value as at end-2025.
The transaction is notable versus ARTSP's market cap of SGD3.5bn as at 29 May 2026.
The price tag represents SGD1.1mn per key.
The 2025 EBITDA exit yield for Robertson House is 2.3%.
The net gain from the divestment is approximately SGD38.1mn.
ARTSP expects to complete the transaction in 3Q2026.
The transaction enhances ARTSP's financial flexibility.
Proceeds from the divestment can be redeployed into higher-yielding properties.
Proceeds from the divestment can support asset enhancement initiatives (AEIs).
Proceeds from the divestment can repay higher-interest debt.
Proceeds from the divestment can fund general corporate purposes.
ARTSP's redevelopment of Somerset Clarke Quay in Singapore is on track to complete by end-2026.
Somerset Clarke Quay is expected to begin contributing income progressively from early-2027.
Somerset Clarke Quay is a 192-unit serviced residence with a hotel licence.
Commercial operations at the Keppel Sakra Cogen Plant have commenced.
The Keppel Sakra Cogen Plant is a 600MW combined cycle gas turbine facility.
The Keppel Sakra Cogen Plant increases KEPSP's power capacity by approximately 45%.
The Keppel Sakra Cogen Plant is hydrogen-compatible.
KEPSP now has up to 1900MW of power capacity.
KEPSP's power capacity is supplanted by up to 200MW of imported low-carbon power from the region.
The power plant is 70% owned by Keppel Asia Infrastructure Fund.
The power plant is 30% owned by KEPSP.
The Keppel Sakra Cogen Plant may form pipeline assets for other sponsored funds, such as Keppel Infrastructure Trust (KITSP).
Toronto-Dominion Bank (TD) delivered a strong set of 2QFY2026 results.
TD's adjusted earnings are up 15% year-over-year.
TD's provision for credit losses (PCL) are down.
TD's capital profile remains strong despite buybacks.
The US anti-money laundering (AML) remediation remains the lingering uncertainty around TD's US restructuring program.
TD's net income was reported at CAD4.25bn, up 15% year-over-year.
All four core segments contributed to TD's bottom-line results.
TD's Canadian banking net income was CAD1.93bn, up 15% year-over-year.
TD's Canadian banking revenue growth was +5% year-over-year.
TD's Canadian banking had lower PCL.
TD's Canadian banking Net Interest Margin (NIM) was +2bps quarter-over-quarter to 2.85%.
TD's Canadian banking efficiency ratio was 39.7%.
TD's Canadian banking Return on Equity (ROE) was 31.3%.