Lifestyle
Tesla Cyberbeast heads to auction in first test of resale value
THE first Tesla Cyberbeast to be offered at public auction is now on sale, giving fans a chance to skip the monthslong wait anticipated for the top-of-the-line version of...
Bank of China says net interest margin will continue to face pressure
BANK of China (BoC) said its net interest margin (NIM) – a key gauge of profitability – will still face significant pressure this year.
Vice-president Zhang Yi made the remarks...
World Bank set to issue up to US$1 billion in debut hybrid note this year
THE World Bank is looking to issue up to US$1 billion in a debut hybrid note on capital markets this year, a senior executive told Reuters, as development banks...
Chinese EV makers post strong showing in March after slow start
MARCH is shaping up as a strong month for China’s electric vehicle makers with several reporting double digit sales gains after a slow start to the year due to...
UBS pledges US$2 billion in new buyback plan starting this year
UBS Group said it would begin a new share buyback programme of up to US$2 billion beginning in 2024, giving shareholders greater visibility on returns as the lender targets...
JPMorgan juices bets on the red-hot debt market in Sri Lanka
GLOBAL money managers are turning to Sri Lanka’s local-currency government bonds as a catch-up trade in the country’s red-hot debt market on optimism for a restructuring deal.JPMorgan Asset Management...
Crypto’s memecoin fervour stalls as bets on Fed rate cuts recede
SPECULATIVE zeal in the crypto market is faltering as the path to looser monetary policy in the US becomes more challenging.Coins earlier favoured by the meme-trading crowd such as...
Japan warns of action against excessive yen volatility
JAPANESE Finance Minister Shunichi Suzuki said authorities were ready to take appropriate action against excessive exchange-rate volatility, repeating his warning to yen bears as Tokyo tries to prevent a...
