Data Center Operator Firmus Seeks $120 Million Private Loan
Nomura Holdings Inc. has provided Firmus Metal Singapore Pte. a $60 million tranche, and approached private credit funds for the remaining half of the loan, said the people, who asked not to be identified discussing private matters. The facility is set to pay a cash interest of 11% over the risk-free benchmark Secured Overnight Financing Rate, the people added.
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Time Business News
a day ago
- Time Business News
How Custom Sheds Meet the Demands of Working Properties
Last updated: June 2025 Working properties—whether farms, workshops, or industrial sites—need durable, functional, and adaptable storage solutions. Off-the-shelf sheds often fall short, but custom sheds are designed to handle the unique challenges of these demanding environments. In this guide, we'll explore how tailored sheds improve efficiency, durability, and organisation for Australian working properties. Standard sheds may work for basic storage, but working properties require more. Here's why custom sheds are the superior choice: Tailored to Your Space – No wasted room; every inch is optimised for your workflow. – No wasted room; every inch is optimised for your workflow. Built for Heavy-Duty Use – Reinforced frames, high-quality materials, and weather-resistant designs stand up to harsh conditions. – Reinforced frames, high-quality materials, and weather-resistant designs stand up to harsh conditions. Scalability – Need extra space later? Custom sheds can be expanded without a full rebuild. Pros Cons Perfect fit for your property Higher initial cost than prefab sheds Long-term durability Longer lead time for design & construction Flexible design options Requires professional installation A well-designed custom shed includes features that boost productivity and longevity: High Clearance & Wide Doors – Fits tractors, machinery, and tall equipment. – Fits tractors, machinery, and tall equipment. Ventilation & Insulation – Keeps tools and materials safe from heat and moisture. – Keeps tools and materials safe from heat and moisture. Secure Locking Systems – Protects expensive equipment from theft. – Protects expensive equipment from theft. Custom Shelving & Workbenches – Maximises organisation for efficiency. John, a WA wheat farmer, needed a shed to store his harvester and grain supplies. A custom-designed shed with a 5m clearance, roller doors, and internal grain bins solved his storage woes while improving workflow. Workshop Sheds – Electricians and tradies use custom sheds as mobile workshops with built-in power outlets and tool racks. – Electricians and tradies use custom sheds as mobile workshops with built-in power outlets and tool racks. Livestock Storage – Farmers design sheds with wash bays and feed storage to streamline daily chores. – Farmers design sheds with wash bays and feed storage to streamline daily chores. Mining Sites – Heavy-duty sheds store drilling equipment securely in remote locations. Follow these steps to get the perfect shed for your working property: Assess Your Needs – List equipment, space requirements, and future expansion plans. Pick the Right Materials – Colorbond steel resists rust; insulated panels regulate temperature. Work with a Reputable Builder – Choose a company with experience in Perth sheds for local climate expertise. Plan for Access – Ensure trucks and machinery can enter/exit easily. Initially, yes—but they save money long-term by reducing maintenance and avoiding costly modifications later. Typically 6–12 weeks, depending on design complexity and weather conditions. Absolutely! A well-designed custom shed can be extended with additional bays or height. For working properties, a custom shed isn't just storage—it's a productivity hub. Whether you're a farmer, tradie, or industrial operator, investing in a tailored solution pays off in efficiency and durability. Ready to design your ideal shed? Get a quote today and build a shed that works as hard as you do. TIME BUSINESS NEWS
Yahoo
3 days ago
- Yahoo
RBA expected to cut rates for third time on July 8 as economy slows: Reuters poll
By Devayani Sathyan BENGALURU (Reuters) -Easing inflation and a slowing economy will prompt the Reserve Bank of Australia to ease policy more than predicted in May, according to a Reuters poll of economists who expect the central bank to deliver a third 25 basis point rate cut on Tuesday. Financial markets and economists had previously forecast three RBA rate cuts this year but then in May raised their projections to four and now see five, a shift driven by inflation falling faster than expected and a weakening growth outlook. A strong majority of economists, 31 of 37, predicted the RBA will cut its official cash rate by 25 basis points to 3.60% at the end of its two-day meeting on July 8. Six expected no change, the survey showed. "The May meeting was notably more dovish in the outlook and that's going to manifest in cutting in July. I suspect the RBA will keep the option open for further easing and that's why there will be a follow-up cut in August," said Philip O'Donaghoe, chief economist for Australia and New Zealand at Deutsche Bank. "The post-COVID inflation surge is pretty much entirely out of the economy. And so the RBA's task now is to make sure we can get the growth that will keep the labour market strong...(so) the risk is we see more cuts." Over 60% of respondents in the June 30-July 3 Reuters poll, 23 of 36, forecast another quarter-point cut this quarter, taking the cash rate to 3.35%. While the median forecast pointed to a year-end cash rate of 3.10%, there was no clear consensus among economists on where the rate would end 2025: 16 of 33 projected 3.10%, 15 expected 3.35%, one each saw 3.60% and 2.85%. Australia's major banks - ANZ, CBA, NAB and Westpac - were similarly split, underscoring the uncertainty around the final leg of the RBA's easing cycle. The economy is forecast to grow 1.6% this year and 2.3% in 2026, a downgrade from 2.0% and 2.4% from the April poll, the poll predicted. Official data showed the economy expanded just 0.2% in Q1 2025, a slowdown from 0.6% in Q4 2024. "A large part of the reason why the RBA has now found itself on a rate-cutting path that's steeper than what it would have thought at the beginning of the year is has been softer than the RBA anticipated," said Luci Ellis, chief economist at Westpac. Some economists flagged the lack of a trade deal ahead of the July 9 expiry of a 90-day pause on U.S. President Donald Trump's sweeping tariffs on trading partners announced in April as a downside risk to the economy and RBA rates. "If some of those global through into more precautionary saving from households, then that could spur the RBA to deliver a little bit more support," said Taylor Nugent, senior economist at NAB. Inflation, which cooled to 2.1% in May from 2.5% at the start of the year, was expected to average 2.6% in 2025 and 2.7% in 2026. That is within the RBA's 2-3% target band but near the upper bound. Despite deeper rate cut expectations, the Australian dollar has gained over 6% so far this year, lifted by broad U.S. dollar weakness, and was forecast to strengthen about 2% over the next six months, a separate Reuters poll found. (Other stories from the July Reuters global economic poll)
New York Post
3 days ago
- New York Post
Australia issues major warning to locals over ‘ghost stores' scam posing as businesses
Australia's consumer watchdog has issued a major warning to online shoppers over several 'ghost stores', which are luring shoppers to buy heavily discounted products from scam websites. The Australian Competition and Consumer Commission (ACCC) received more than 360 complaints about 60 retailers that operate as ghost stores this year, but believe many more could be in operation. Advertisement The ACCC alleges these 'ghost stores' making false claims they are a local Australian business that is closing down – claiming to sell high-quality clothing and footwear. In reality, they are based overseas and ship inferior, low-quality items. 3 The website had a 'closing sale' for customers with up to 80% off products. Ghost stores target consumers through social media ads, then close and rebrand under new names, often using different Australian suburbs, towns or cities in their business name to appear as a local business. Advertisement The ACCC issued a public warning to notify consumers of four websites currently in operation including and ACCC deputy chair Catriona Lowe warned Australians about the risks of engaging with these websites, alleging they are not based in Melbourne, Adelaide or Double Bay and they were not closing down. 'We further allege that the operators of these websites are supplying products which are not of the advertised quality,' she said. 3 also had a 'closing sale,' telling customers that due to financial reasons they can no longer stay open. Advertisement Authorities are concerned the conduct is widespread and there were many online ghost stores in operation that falsely claim to be local boutiques but supply poor quality products. Ghost stores also refuse refunds, or only offer partial refunds to consumers who complain about the inferior quality of the goods compared to what is advertised, or do not respond to complaints at all. Lowe urged people to think twice before clicking on ads they saw on social media which claim to be from a boutique business based in a local town or city. 'Often ghost stores will share an emotional story on their social media or website that they are a small, locally operated business, needing to close for financial reasons,' she said. Advertisement 3 had merchandise up to 50% for their 'closing sale.' 'They will claim they are having a 'closing down sale' as a result, with all stock heavily discounted and available on a very limited basis. 'This conduct preys on the empathy of consumers who have a genuine desire to support local businesses, as well as creating a false sense of urgency. 'The websites often use a similar format to many other online stores, advertising high-quality boutique clothing at heavily discounted prices. 'However, when the product arrives in the mail, consumers report receiving cheap, mass-produced products that have been sold at an inflated price and do not fit their advertised quality or description.'
