Real Estate
US bank profits jump 79.5% as large firms shake off failed bank costs
PROFITS for the US banking sector surged 79.5 per cent to US$64.2 billion in the first quarter of 2024, boosted primarily by large banks not shouldering billions in special...
US: Wall St drops as rate worries push bond yields higher
Wall Street opened lower on Wednesday (May 29), with investors turning risk-averse as concerns around the timing and scale of the Federal Reserve’s interest rate cuts pushed Treasury yields...
The US$10,000 shipping container is again the talk of global trade
Companies transporting goods from Asia face costs of as much US$10,000 for an urgent full-size shipping container over the next month – about double current spot rates, according to...
HSBC completes sale of Russian unit to Expobank
HSBC has transferred ownership of its Russian unit to Expobank for an undisclosed fee, the two lenders said on Wednesday (May 29), ending around two years of negotiations and...
Didi reports bigger loss as incentives, EV bet continue to weigh
DIDI Global’s net loss grew in the March quarter, after climbing marketing costs and losses on its stake in electric vehicle-maker XPeng outweighed a revenue boost.
China’s leading ride-hailing provider’s...
PwC to become OpenAI’s largest enterprise customer, WSJ reports
ACCOUNTING giant PwC will become the largest customer and first reseller of OpenAI’s enterprise product as part of a new deal, the Wall Street Journal reported on Wednesday (May...
ConocoPhillips in advanced talks to buy Marathon Oil
ConocoPhillips is in advanced talks to buy Marathon Oil in an all-stock deal that could value the Houston-based company at a little over its US$15 billion market value, the...
Anglo won’t extend BHP deadline, threatening end to takeover bid
Anglo American said it won’t give BHP Group any further time to commit to a takeover offer, signalling the likely end for now to a US$49 billion pursuit by...
