Lifestyle
HSBC said to explore sale of South Africa units to focus on Asia
HSBC Holdings is weighing a sale of its South African businesses as the lender focuses on Asian markets, according to people with knowledge of the matter.
The South African branch...
The MAS and CAD naughty list
JUST this week, water treatment company Memiontec announced that its husband-and-wife founders were being jointly investigated by the Commercial Affairs Department (CAD)...
Huawei’s smart car unit valued at 115 billion yuan after investment
CHINESE tech firm Huawei Technologies’ push into the electric vehicle market has received another boost, after an investment valued its auto solutions company at 115 billion yuan (S$21.1 billion).Avatr...
China’s gold imports tumble again as record prices deter buyers
CHINESE consumers continued to pull back on gold purchases last month, as record prices and a sustained economic slowdown curbed demand in the world’s biggest bullion-buying nation. Gold imports...
Thai central bank may face more rate-cut pressure from new PM
THAILAND’S central bank is poised to keep the policy rate at a decade high this week as the economy gathers some steam but uncertainty about a US$14 billion handout...
Overseas funds return to Indonesian bonds on dovish Fed bets
INDONESIA’S bond market is set to erase its outflows for the year as overseas investors pile into rupiah debt amid imminent interest-rate cuts by the Federal Reserve. Global funds...
Chinese banks hold key lending rates after PBOC signals caution
CHINESE banks kept their benchmark lending rates unchanged for August, as profit margins come under pressure and policymakers focus on the health of financial institutions.The one-year loan prime rate...
Paramount likely to extend ‘go shop’ period if Bronfman bids
PARAMOUNT Global, which has agreed to merge with David Ellison’s Skydance Media, is likely to extend a deadline for rival takeover bids if Edgar Bronfman Jr makes an offer...
