Real Estate

Bill Ackman says X ban will make Brazil an ‘uninvestable market’
Bill Ackman says X ban will make Brazil an ‘uninvestable market’
September 1, 2024
HEDGE fund billionaire Bill Ackman joined critics of a court order to suspend Elon Musk’s X in Brazil, saying the ruling will likely drive away investors and harm the...
Intel CEO to pitch board on plans to shed assets, cut costs: source
Intel CEO to pitch board on plans to shed assets, cut costs: source
September 1, 2024
INTEL CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company’s board of directors to slice off unnecessary businesses and revamp...
S&P 500 could challenge its previous all-time high
S&P 500 could challenge its previous all-time high
September 1, 2024
LAST Wednesday (Aug 28), the S&P 500 Index opened nearly flat at 5,624.51, continuing its recent downtrend to reach an intraday low of 5,560.95. After 2pm Eastern Standard Time,...
Yen’s rapid advance pressures earnings once thought easy to beat
Yen’s rapid advance pressures earnings once thought easy to beat
September 1, 2024
The yen’s recent rally has taken it past levels many Japanese companies use to forecast their earnings, raising the risk of exporters cutting their guidance and hampering the stock...
Brazil watchdog moves to block access to Elon Musk’s X after court order
Brazil watchdog moves to block access to Elon Musk’s X after court order
August 31, 2024
BRAZIL’S telecommunications regulator said on Friday (Aug 30) it was suspending access to Elon Musk’s X social network in the country to comply with an order from a judge...
India lifts sugar curbs for ethanol in threat to global supply
India lifts sugar curbs for ethanol in threat to global supply
August 31, 2024
INDIA has lifted restrictions on sugar mills and distilleries using cane juice to make ethanol, a move that’s likely to prolong export curbs from the world’s second-biggest grower and...
Flash Coffee taps ex-Foodpanda CEO in turnaround bid
Flash Coffee taps ex-Foodpanda CEO in turnaround bid
August 31, 2024
AFTER a rough couple of years, tech-enabled coffee chain Flash Coffee has hired former Foodpanda CEO Jakob Angele as its executive chairman in a bid to hit profitability.The firm,...
Goldman to cut a few hundred jobs in coming weeks in annual cull
Goldman to cut a few hundred jobs in coming weeks in annual cull
August 30, 2024
GOLDMAN Sachs plans to dismiss a few hundred employees in coming weeks as part of the firm’s annual cull of low-performing staff, according to people familiar with the matter.The...
Europe: Shares inch up to record high as inflation data sets stage for ECB rate cut
Europe: Shares inch up to record high as inflation data sets stage for ECB rate cut
August 30, 2024
EUROPEAN shares rose to an all-time high on Friday (Aug 30), closing a turbulent month on a bright note after a significant drop in euro zone inflation cemented market...
Germany’s struggling economy starts to take toll on its banks
Germany’s struggling economy starts to take toll on its banks
August 30, 2024
Risk provisioning by the country’s largest lenders rose almost 50% in the first half of the yearGermany’s banks are starting to feel the pinch from the stagnating economy.Risk provisioning...