Real Estate
S&P 500 could challenge its previous all-time high
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
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’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 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
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 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
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
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...
