Real Estate
Banks poised to seize more buildings in Hong Kong, PwC says
BANKS are expected to take more enforcement actions on distressed buildings amid Hong Kong’s property market downturn, according to PricewaterhouseCoopers (PwC). That’s based on the estimate of the firm’s...
Cryptocurrencies claw back losses as Ether ETF investors buy dip
BITCOIN and Ether clawed back from steep losses on Tuesday (Aug 6) after a bout of risk aversion in global markets spilt over into crypto. Bitcoin inched back to...
China’s Dongfeng in pole position to build an auto plant in Italy: sources
TALKS between the Italian government and China’s Dongfeng Motor Group about building an auto plant in Italy are at an advanced stage, Italian sources close to the matter said...
United Food special audit uncovers ‘unusual’ cash transactions, potential listing rule breaches
A YEARS-LONG special audit into mainboard-listed United Food Holdings has found several “unusual” cash transactions and potential contraventions of SGX listing rules, among other issues.KPMG Forensic, a division of...
Stocks rebound from rout as Fed faces calls to cut rates early
MOST equities rallied on Tuesday (Aug 6) after the previous day’s global rout fuelled by US recession fears that have led to calls for the Federal Reserve to cut...
Citi hires DBS’ Yeo Wenxian as head of wealth for Asia South
CITI Wealth on Tuesday (Aug 6) announced the appointment of Yeo Wenxian as its new head of wealth for Asia South, commencing Nov 1. The Singaporean executive is also...
Apple’s shift to AI is poised to soften blow from Google ruling
GOOGLE’S defeat in an antitrust suit filed by the Justice Department has cast a shadow over partner Apple, which generates roughly US$20 billion a year in payments from the...
Sembcorp H1 profit down 11% to S$540 million on lower revenue
SEMBCORP Industries posted an 11 per cent decline in net profit to S$540 million for the first half ended June on a continuing operations basis, from S$608 million in...
