Real Estate
US dollar edges down ahead of data, set for first monthly drop in 2024
THE US dollar edged down on Tuesday (May 28) ahead of key US and eurozone inflation data later this week that could affect expectations for major central banks’ monetary...
Singapore stocks close higher, buck mild downward trend in Asia; STI up 0.4%
THE Straits Times Index (STI) ended Tuesday (May 28) at 3,330.09, up 11.64 points or 0.4 per cent, narrowly bucking a mild downward trend in Asian stocks. Across the...
ECB to make bank health checks shorter, more intrusive, Buch says
The European Central Bank will revamp its annual bank evaluation process to make it shorter but at times more intrusive to reflect changes in the operating environment of lenders,...
South Korea finds high levels of toxic chemicals in Shein products
CHILDREN’S products sold by the Chinese-founded online shopping giant Shein contained toxic substances in amounts hundreds of times above acceptable levels, the government of South Korea’s capital Seoul said...
Australian, New Zealand dollars rally anew, lifted by yen flows
THE Australian dollar was having another tilt at the upside on Tuesday as risk sentiment improved globally, while its New Zealand cousin reached a 10-week high helped by strong...
UBS says mostly done ‘optimising’ roles in Asia-Pacific region
UBS Group’s Asia-Pacific president signalled that most of the bank’s job cuts in the region are over as it nears the official completion of its historic merger with Credit...
UBS signals it’s mostly done cutting Asia jobs after merger
UBS Group’s Asia-Pacific president signalled that most of the bank’s job cuts in the region are over as it nears the official completion of its historic merger with Credit...
Oil rises 1% ahead of inflation data after downbeat week
OIL prices rose over 1 per cent in muted trade owing to public holidays in Britain and the United States after a downbeat week characterised by the outlook for US...
Private credit lures A$151 billion fund seeing sticky inflation
COLONIAL First State (CFS), which manages A$151 billion (S$136 billion) of Australian pension and wealth assets, plans to add billions in private credit deals as it sees interest rates...
Regional stock exchanges, market players go big on commodities as interest spikes
MACROECONOMIC uncertainty is driving both institutional and retail investors in the region towards safe-haven assets and alternative investment options that could buffer portfolios from shocks. Market players in South-east Asia...