Real Estate
Walmart is seeking up to US$3.74 billion in sale of JD.com stake
WALMART is seeking to raise up to US$3.74 billion by selling its stake in Chinese e-commerce firm JD.com, sources familiar with the matter said. The US retailer is offering...
J&J to pay as much as US$1.7 billion for heart-tech firm V-Wave
Johnson & Johnson will pay as much US$1.7 billion for V-Wave, bolstering its development efforts to treat heart failure as it goes deeper into medical technology. J&J will pay US$600...
Tesla to get lower EU tariff on its Chinese-made EVs
THE European Union has slashed its planned extra tariff on Tesla electric vehicles imported from China by more than half, the bloc’s executive said on Tuesday (Aug 20).
The European...
Australia central bank signals rates will stay at 12-year high for ‘extended period’
AUSTRALIA’S central bank will likely need to hold interest rates at their current 12-year high for an “extended period” to ensure that inflation returns to its target band next...
GoPro to cut 15% of workforce in restructuring push
ACTION camera maker GoPro said on Monday (Aug 19) it would cut about 15 per cent of its workforce this year, as part of a restructuring plan to reduce...
Stocks to watch: Keppel, Japfa
THE following companies saw new developments that may affect trading of their securities on Tuesday (Aug 20): Keppel: The asset manager on Tuesday inked a memorandum of understanding with...
ECB’s Rehn says growth risks bolster case for September cut
INCREASING risks to Europe’s growth outlook have reinforced the case for a policy adjustment when the European Central Bank (ECB) meets next month, according to Governing Council member Olli...
Saudi wealth fund’s returns boosted by global markets rally
SAUDI Arabia’s sovereign wealth fund said returns rose last year driven by local investments and gains on its international portfolio.The Public Investment Fund’s (PIF) annualised returns since 2017 rose...
