Real Estate
HSBC gains edge against US$1 billion SVB banker-poaching suit
A FEDERAL judge expressed doubt about the merits of a US$1 billion lawsuit by First Citizens Bank & Trust accusing HSBC Holdings of stealing trade secrets when it recruited...
PwC starts mass layoffs in China after losing dozens of clients
PricewaterhouseCoopers is cutting staff across its China operations, according to people familiar with the matter, after an exodus of corporate clients diminished the accounting firm’s revenue prospects in the...
Barclays aims to triple staff across key Asia wealth markets
BARCLAYS plans a major hiring spree in Asia to expand client assets over the next few years, focusing on the ultra-rich and family offices in India and Singapore, according...
Beijing legislates for robotaxis amid growing backlash
BEIJING will support the introduction of robotaxis in ride-hailing and car rental fleets in the city as advanced driver assistance systems become more commonplace in China.Draft guidelines issued by...
JPMorgan hikes BYD’s price target by more than 80% on outlook
JPMORGAN Chase’s analysts raised their price targets for BYD by more than 80 per cent on expectations the Chinese automaker will deliver six million vehicles globally in the next...
Asia’s worst stock loser erases Thai founder from billionaire status
SOMPHOTE Ahunai, whose net worth topped US$4.8 billion two years ago, is no longer a billionaire after a series of unwieldy efforts to diversify one of Thailand’s biggest renewable-power...
US plans up to US$1.6 billion in funding for packaging computer chips
THE Biden administration said on Tuesday (Jul 9) that it would direct up to US$1.6 billion in funding towards developing new technology for packaging computer chips, a major thrust...
Yoma Strategic clarifies that no charges have been filed against executive chairman
YOMA Strategic clarified on Wednesday (Jul 10) that no charges have been filed against its executive chairman Serge Pun. The company issued the clarification in relation to an article...
