Real Estate
New Zealand’s central bank consulting on development of digital currency
NEW Zealand’s central bank is looking at the possibility of creating a digital currency and has begun consulting on design options, it said in a statement on Wednesday.“It would...
Europe: Stoxx 600 slides in broader market decline on geopolitical jitters
EUROPE’S main stock index notched its biggest one-day drop in over nine months on Tuesday, with miners and banks leading losses, as investors steered clear of risky assets owing...
LVMH’s first quarter sales growth slips to 3% on luxury slowdown
LVMH reported a 3 per cent rise in first quarter sales on Tuesday (Apr 16), marking a slowdown as rising prices prompted more shoppers who aspire to own its...
Bank of America profit falls on lower customer interest payments
BANK of America’s (BofA) first-quarter profit fell as its consumer division weakened and the lender wrote off more loans, particularly for credit cards.BofA is among the large lenders, including...
Morgan Stanley’s profit rises as investment banking recovers
MORGAN Stanley’s profit rose in the first quarter, lifted by a resurgence in investment banking.
The Wall Street bank on Tuesday (Apr 16) reported net income of US$3.4 billion, or...
Morgan Stanley profit beats estimates as investment banking rebounds, wealth grows
MORGAN Stanley’s first-quarter profit beat estimates on Tuesday (Apr 16), fuelled by a resurgence in investment banking and growth in wealth management, sending shares up 1.8 per cent.
Investment banking...
Rupiah plummets to 4-year low, breaches 16,200 per US dollar following week-long Eid break
[JAKARTA] The Indonesian rupiah skidded past another fresh four-year low on Tuesday (Apr 16), prompting its central bank to intervene as activity resumed after a seven-day break for the...
HSBC cuts a dozen investment bankers in Asia on deals slump
HSBC Holdings has started a new round of job cuts at its Asia investment bank amid a slump in dealmaking across the region, according to people familiar with the...
