Real Estate
Government cars abandoned as Sri Lanka’s leftist leader takes charge
Hundreds of pricey government vehicles have been abandoned around Sri Lanka’s capital after the country’s new Marxist-leaning president took office, a member of his party said on Wednesday (Sep...
China, Hong Kong stocks extend gains as massive stimulus boosts sentiment
CHINA and Hong Kong stocks extended their gains on Wednesday (Sep 25), although lost some steam in the afternoon trade, as investors continue to digest a wide-ranging stimulus package...
DBS moving to raise China securities joint venture stake to 91%, group CEO says
DBS confirmed that it is the buyer of stakes up for sale by its Chinese joint venture partnersDBS Group chief executive Piyush Gupta said on Wednesday (Sep 25) it...
Sea freight rates are falling, but may be lifted by US port strike
A strike in the US East and Gulf-Coast ports could hit more than half of US imports and 15 per cent of the global container fleet capacity, HSBC saysSLIDING...
New World mulls replacing CEO Adrian Cheng
NEW World Development, the Hong Kong property developer owned by the billionaire Cheng family, is considering replacing third-generation scion Adrian Cheng as chief executive officer after writedowns that led...
Paramount cuts more jobs as part of planned reductions
PARAMOUNT Global cut more jobs on Tuesday (Sep 24) as part of a previously announced plan to reduce its US workforce by 15 per cent, or about 2,000 positions....
AI model is better at pricing currencies than humans: ING
ING Groep is starting to use artificial intelligence to price currencies, replacing a job traditionally performed manually by the bank’s traders.
The Dutch lender’s new AI model employs “reinforcement learning”...
China cuts another key interest rate to boost economy
CHINA’S central bank lowered the cost of its medium-term loans to banks on Wednesday in a move consistent with broad policy easing measures announced a day earlier to shore...
