Real Estate
Flood prevention strategies: essential tools for urban and industrial areas
Flooding is one of the growing challenges facing cities and industrial facilities, with limited drainage and proper control measures heightening the risks. People, operations and properties need to feel...
HSBC overhauls trading business in bid to become debt powerhouse
The firm will merge Group-of-10 rates trading unit with FX, EM rates and commodities desks into a new global macro division[LONDON] HSBC Holdings is restructuring its trading division as...
Xiaomi rides fan base to EV profitability faster than Tesla
China’s mature EV supply chain helps Xiaomi to reach scale without needing heavy capital[BEIJING] Xiaomi parlayed its popularity with an existing customer base to rake in orders for its...
US Fed official defends easing of bank oversight as concerns mount
THE US central bank’s top banking regulator on Tuesday defended efforts to revamp oversight of the sector, as she faces warnings that weakened supervision could destabilise the financial system.“Our...
Elon Musk’s X down for thousands of US users, Downdetector shows
[WASHINGTON] Elon Musk’s X was down for thousands of users in the US on Tuesday (Nov 18), according to outage tracking website Downdetector.com.There were more than 11,500 reports of...
Bitcoin drops to a 7-month low while global stocks sell off; bonds rally
[LONDON] Stocks sold off and Bitcoin hit a seven-month low as investors pulled back from riskier corners of the market before a high-stakes week featuring Nvidia’s earnings and a...
Crypto giants moved billions in illegal funds despite crackdown
Regulators and law enforcement have tried to push crypto exchanges to implement anti-money laundering safeguardsWHEN US President Donald Trump pardoned Zhao Changpeng in October, the White House press secretary...
Nomura said to probe if profits inflated at India bond desk
[MUMBAI] Nomura Holdings is investigating its India fixed-income business, asking senior officials in its rates division to determine whether profits were inflated in recent years, according to sources familiar...
