Real Estate
Luxury EV maker Lucid to raise US$1 billion from Saudi’s PIF affiliate
LUCID is raising US$1 billion in capital from an affiliate of Saudi Arabia’s Public Investment Fund (PIF), it said on Monday, sending the shares of the luxury electric carmaker...
US dollar dips as Japan and China fortify their currencies
THE US dollar slipped on Monday (Mar 25), with the threat of currency intervention from Japanese authorities and a government-driven rally in China’s yuan weighing on the US currency....
PetroChina’s 2023 net income up 8.3% on strong fuel, gas sales
PETROCHINA’S net profit rose 8.3 per cent last year off record levels in 2022, as strong growth in natural gas sales and its marketing segment offset lower realised oil...
Lufthansa, ITA Airways deal may hurt competition: EU watchdog
LUFTHANSA’S bid for a minority stake in Italian rival ITA Airways could harm competition and lead to higher prices, EU antitrust regulators said on Monday (Mar 25), ramping up...
HSBC’s top tech banker exits to join tech firm
HSBC’s global co-head of technology, media and telecom (TMT) Winston Cheng is leaving the bank to join a major tech firm. Cheng joined HSBC’s investment banking team in 2021,...
Binance to end support for USDC stablecoin on Tron blockchain network
CRYPTOCURRENCY exchange Binance said on Monday (Mar 25) it will end support for deposits and withdrawals via the Tron blockchain network for a digital stablecoin that is pegged to...
Xiaomi CEO teases price on upcoming car, showrooms begin displaying vehicle
XIAOMI’S CEO said on Monday (Mar 25) his goal for the firm’s first electric vehicle (EV) was that it would be the “best looking, easiest to drive and smartest...
Apac private equity deals plunge as macro uncertainties unsettle investors: Bain & Co
PRIVATE equity-related dealmaking activities in Asia-Pacific (Apac) has continued falling in 2023 as economic uncertainties hovered, mirroring a global downward trend, said Bain & Company. The total private equity...
