Real Estate
Sea posts US$79.9 million Q2 profit, beating estimates
GAMING and e-commerce player Sea on Tuesday (Aug 13) posted a net profit of US$79.9 million for the three months ended Jun 30, down 75.9 per cent from US$331...
China new loans drop more than expected in July on weak demand
CHINA’S bank lending tumbled more than expected in July, dragged down by tepid credit demand and seasonal factors even as the central bank vowed to step up policy support...
China new loans hit 15-year low in July, more policy steps expected
CHINA’S bank lending tumbled more than expected in July, hitting the lowest in nearly 15 years, dragged down by tepid credit demand and seasonal factors and raising expectations that...
China Everbright posts 8% lower H1 profit of HK$581.1 million
CHINA Everbright Water’s net profit for the first half ended Jun 30, 2024, fell 8 per cent to HK$581.1 million (S$98.8 million) from HK$632.2 million in H1 FY2023. The...
Carlyle delays Asia buyout fund close as Japan pool saps demand
CARLYLE Group has delayed closing its new pan-Asian buyout fund as demand for a Japan-focused vehicle has syphoned off investor interest, according to sources familiar with the matter.The Washington-based...
PropNex H1 profit falls 13.8% to S$19 million
REAL estate agency PropNex’s net profit for the first half of the fiscal year fell 13.8 per cent to S$19 million from S$22.1 million the year before. Its earnings...
Sun Life beats profit estimates on strong growth in Canada, Asia
SUN Life Financial, Canada’s second-largest life insurer, on Monday (Aug 12) beat analysts’ estimates for quarterly profit boosted by strong sales at home and in Asia, a key growth...
US SEC sues over alleged US$650 million global crypto fraud
THE US Securities and Exchange Commission (SEC) on Monday (Aug 12) sued the cryptocurrency company NovaTech and its married co-founders, saying they fraudulently raised over US$650 million from more...
