Real Estate
Japanese brokerage Daiwa’s Q2 profit jumps 80% on Aozora stake
It also posts a rise in non-operating income of 21.6 billion yen in the quarter due to Aozora being an equity-method affiliateJAPAN’S second-largest brokerage and investment bank Daiwa Securities...
HSBC coy on cost savings of revamp as quarterly profit tops expectations
HSBC Holdings beat third-quarter profit expectations on Tuesday (Oct 29) thanks to rising wealth and wholesale banking revenue, but kept investors waiting for more detail on how a sweeping...
Australia’s Myer to buy rival Premier’s apparel business in A$864 million deal
AUSTRALIAN department store owner Myer will buy retail billionaire Solomon Lew’s Premier Investments’ apparel brands business, in a deal valued at A$863.8 million (S$752 million), the companies said on...
Nippon Paint shares jump most in 24 years on US$2.3 billion deal
SHARES of Nippon Paint surged following its announcement of a deal to acquire a US-based chemicals formulator. The stock price for the Japanese firm gained as much as 23.6...
Waymo raises US$5.6 billion from outside investors
AMID its push to grow its fleet of autonomous robot taxis and expand into new cities, Waymo has raised US$5.6 billion from outside investors, its largest funding round to...
Bitcoin tops US$71,000 for first time since June as election nears
BITCOIN rose past US$71,000 for the first time since June, bolstered by inflows into dedicated exchange-traded funds (ETFs) as well as speculation about potential outcomes from next week’s US...
M1 to acquire 70% stake in Vietnamese IT solutions provider for 719.9 billion dong
MOBILE network operator M1 is acquiring a 70 per cent stake in Vietnam-based IT solutions provider, ADG National Investment and Technology Development, for a total purchase consideration of 719.9...
Forget China, Chanel exec warns of luxury fatigue risk
A SLOWDOWN in the key Chinese market is currently lashing the financial performance of luxury houses but a Chanel executive warned on Monday (Oct 28) it faces an even...
