Business

Live news: KKR pays $800mn for stake in Singapore data centre business

China: Property developer Sunac plans to carry a collectors’ assembly on its offshore debt restructuring. Trading in the indebted firm’s shares was suspended for a 12 months after it defaulted on liabilities in 2022. Another developer, Country Garden, faces an preliminary deadline to pay greater than $15mn in bond curiosity.

Australia: Michele Bullock turns into Reserve Bank of Australia governor, succeeding Philip Lowe following her appointment by Treasurer Jim Chalmers in July.

Nahdlatul Ulama chair Yahya Cholil Staquf
NU chair Yahya Cholil Staquf © AFP

Indonesia: President Joko Widodo opens the National Conference of Alim Ulama — a dialogue of main spiritual issues — hosted by Nahdlatul Ulama, an Islamic mass social motion, in Jakarta. NU chair Yahya Cholil Staquf mentioned 600 clerics would attend.

Economic data: Singapore releases August export figures.

Markets: Japan’s monetary markets are closed for Respect for the Aged day, a nationwide vacation. Derivatives markets will stay open in Tokyo and Osaka and regular buying and selling resumes on Tuesday.

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