Real Estate
Blackstone eyes US$300 million IPO of India diamond certification firm
BLACKSTONE is exploring raising US$300 million via an India IPO of the International Gemological Institute (IGI), less than a year after it acquired the company, amid booming stock markets...
US dollar hits 5-month high while jawboning supports yen
THE US dollar hit its highest in almost five months on Tuesday (Apr 2) as stronger-than-expected economic data caused investors to rein in their bets on a June rate...
Renault’s Ampere starts development of new electric Twingo
RENAULT will start engineering work on a more affordable version of its electric Twingo model this month, two sources told Reuters, with production targeted in two years as it...
US home insurance premiums may hit a record this year
US HOME insurance rates are expected to reach a record high this year, with the biggest increases occurring in states prone to severe weather events, according to a new...
China’s ICBC to provide 300-billion yuan in tourism financing
THE Industrial & Commercial Bank of China (ICBC) will offer 300-billion yuan (S$56.1 billion) in financing to boost the nation’s tourism sector amid sluggish consumer spending in the world’s...
Germany’s BMW, India’s Tata Tech to jointly develop auto software
BMW Group and Tata Technologies will form a joint venture to develop automotive software for the German luxury carmaker, the Indian engineering services company said on Tuesday (Apr 2).India...
First money laundering accused to plead guilty jailed 13 months
SU WENQIANG, one of the 10 foreign nationals embroiled in the over S$3 billion money laundering case, was sentenced to 13 months’ jail on Tuesday (Apr 2), the first...
Gold holds ground as easing US Treasury yields lift appeal
GOLD prices held steady on Tuesday (Apr 2) backed by lower US Treasury yields, after touching a record high in the previous session on growing expectations that the Reserve...
