Bloomberg Singapore’s sovereign wealth fund, GIC Pte, is nearing a deal to buy a majority stake in Oxford Properties Group’s Fairmont portfolio, which consists of four of Canada’s most iconic hotels, according to people familiar with the matter. The talks are advanced and a deal could be announced in coming weeks, said the people, who asked not to be identified ...

Bloomberg Palm oil inventories in Malaysia likely slumped to a 14-month low in August as exports from the world’s second-largest grower jumped. Stockpiles fell about 7 percent from a month earlier to 2.22 million metric tons, the biggest decline in three months and the lowest since June 2018, according to the median of 12 estimates in a Bloomberg survey of ...

Bloomberg Philippine property shares got a boost after President Rodrigo Duterte said his country benefits from online casinos, standing pat on the industry despite China’s call for a total ban. “I decide that we need it. Many jobs will be lost. Anyway, it’s government-controlled,” Duterte said in a televised briefing, when asked what he told Chinese President Xi Jinping about ...