Real Estate
Mubadala offers to sell US$950 million of GlobalFoundries shares
A UNIT of Mubadala Investment is seeking to raise US$950 million in a sale of GlobalFoundries shares, two years after the chipmaker went public.
Hong Kong retail traders build big ETF wagers on rally reversal
HONG Kong’s retail investors are ramping up leveraged wagers that a surge in local equities may soon unravel.
Evergrande’s EV arm chased to repay subsidies in latest blow
THE electric vehicle (EV) unit of embattled real estate developer China Evergrande Group is being pursued by local governments to repay 1.9 billion yuan (S$354.1 million) in subsidies after...
Gold retreats from near record-high levels as rate-cut bets ease
GOLD prices were listless on Thursday (May 23) after a recent rally lost steam to dip more than 1 per cent in the previous session, as traders started pulling...
South Korea holds rates, signals tight policy to stay over short term
South Korea’s central bank held interest rates at a 15-year high on Thursday (May 23), and struck a balanced policy tone while reiterating risks around inflationary pressures in the...
US Justice Department to seek breakup of Live Nation-Ticketmaster
THE US Justice Department and a group of states will sue Live Nation Entertainment for antitrust violations related to Ticketmaster’s unrivaled control of concert ticket sales, according to people...
Singtel sinks to S$1.3 billion H2 loss on Optus-led impairments; stronger sustained dividends expected
SINGTEL : Z74 0% sank into the red with a net loss of S$1.3 billion for its second half ended Mar 31, 2024, compared with a net profit of...
Hong Kong regulator directs Worldcoin to cease operations citing privacy concerns
A HONG Kong regulator on Wednesday (May 22) served an enforcement notice to Worldcoin Foundation directing it to cease all operations of the cryptocurrency project in the country, citing...
