Real Estate
China’s Bank of Communications posts slight profit gain, warns of property risks
CHINA’S Bank of Communications (BoCom), said on Wednesday (Mar 27) it needed to improve risk control of its property-sector related business, after posting tepid 2023 profit growth.BoCom, the first...
ANZ aims to open operation at India’s Gift special economic zone
ANZ Group Holdings is seeking to open an operation in India’s Gift International Financial Services Centre, according to people familiar with the matter.
The multinational bank has applied to the...
Banyan Tree obtains S$70 million sustainability-linked loan
RESORT-OPERATOR Banyan Tree : B58 0% has secured its first sustainability-linked loan, worth S$70 million. The syndicated loan is led by Maybank, with the Singapore branches of Bank of India...
H&M beats earnings expectations as new CEO plots turnaround
H&M, the world’s second-largest listed fashion retailer, beat first-quarter operating profit expectations on Wednesday (Mar 27) helped by a smaller-than-expected fall in sales.
The Swedish group posted an operating profit...
UBS to sell US$8 billion loans to Apollo in revised SPG deal
UBS Group finalised a deal with Apollo Global Management for the carve-out of Credit Suisse’s securitised products group after renegotiating key parts of the accord.Apollo will purchase US$8 billion...
Latest Singapore 6-month T-bill offers cut-off yield of 3.8%
THE cut-off yield on the latest Singapore six-month Treasury bill (T-bill) rose slightly to 3.8 per cent, according to auction results released by the Monetary Authority of Singapore on...
Yen drops to weakest since 1990
THE yen slid to the weakest level in about 34 years against the US dollar, fanning speculation that Japan will step up its effort to slow the decline.The currency...
S&P Global downgrades outlooks on five regional US banks to ‘negative’
RATINGS agency S&P Global on Tuesday (Mar 26) downgraded five regional United States banks to due to their commercial real estate (CRE) exposures, in a move likely to reignite...
Cordlife’s CFO arrested amid CAD probe; TransGlobal makes another requisition attempt
CORDLIFE Group’s chief financial officer Thet Hnin Yi was the latest to be arrested by the Commercial Affairs Department (CAD) and released on bail after four of the company’s...
Singapore shares climb at Wednesday’s open amid factory output growth; STI up 0.5%
SINGAPORE stocks advanced at the opening bell on Wednesday (Mar 27) morning, following higher-than-expected growth in the city-state’s February factory output.Data released by the Economic Development Board on Tuesday...