Real Estate
Thailand’s central bank cuts rate again; economy could face recession as US tariffs loom
[BANGKOK] Thailand’s central bank cut its key interest rate by a quarter point for a second consecutive meeting on Wednesday (Apr 30), in a move to support an underperforming...
Chinese sovereign fund CIC to sell US$1 billion of US private equity investments: sources
[HONG KONG] Chinese sovereign investor China Investment Corporation (CIC) is selling about US$1 billion of its private equity (PE) investment portfolio in the secondary market, two sources with knowledge...
UBS Q1 profit tops expectations on tariff-driven volatility in markets
Published Wed, Apr 30, 2025 · 01:12 PMSWISS bank UBS on Wednesday posted better than expected first-quarter net profit, helped by stronger earnings in trading driven by market turbulence...
UBS Q1 profit tops forecasts but Trump tariff shock clouds outlook
[ZURICH] UBS on Wednesday (Apr 30) posted better than expected first-quarter net profit, but the Swiss bank warned of an uncertain outlook as US tariffs raise global growth fears...
Chinese solar losses deepen even before worst of trump tariffs
[NEW YORK] Chinese solar manufacturers continue to plunge deeper into the red, and the outlook is getting gloomier as sky-high tariffs on exports threaten to compound domestic oversupply.Five of...
Pop Mart holder sells US$101 million stake after shares hit record
The toy company is the top gainer in the MSCI China Index over the last 12 months, with its shares jumping more than 470 per centPublished Wed, Apr 30,...
Meta launches standalone AI app to compete with ChatGPT
[SAN FRANCISCO] Meta Platforms released a new standalone artificial intelligence (AI) app on Tuesday (Apr 29) in a bid to compete with other popular chatbots such as OpenAI’s ChatGPT.The...
Prudential’s quarterly new business profit rises on strong Hong Kong, China growth
Published Wed, Apr 30, 2025 · 09:05 AMPRUDENTIAL on Wednesday reported a 12 per cent rise in new business profit for the first quarter, as the Asia-focused insurer benefitted...
