Real Estate

China Life profit falls as market rout hurts investments
China Life profit falls as market rout hurts investments
March 27, 2024
CHINA Life Insurance, the nation’s largest life insurer, said profit fell 31 per cent last year as a stock market rout and lower bond yields hurt investment returns. Net...
UBS ends Apollo management deal struck by Credit Suisse
UBS ends Apollo management deal struck by Credit Suisse
March 27, 2024
UBS Group agreed to sell US$8 billion in unwanted assets to Apollo Global Management as part of the carve-out of Credit Suisse’s securitised products group, after renegotiating key parts...
BlackRock’s tokenised fund draws over US0 million since debut
BlackRock’s tokenised fund draws over US$240 million since debut
March 27, 2024
BLACKROCK’s money-market fund that records share ownership on the Ethereum blockchain has attracted more than US$240 million since its debut a week ago. The BlackRock USD Institutional Digital Liquidity...
Florida governor, Disney reach settlement in lawsuit over special district
Florida governor, Disney reach settlement in lawsuit over special district
March 27, 2024
FLORIDA Governor Ron DeSantis and Walt Disney have reached a settlement to end a high-profile lawsuit in state court over the control of the special district that includes Walt...
Chinese EV maker BYD targets 20% jump in annual sales: sources
Chinese EV maker BYD targets 20% jump in annual sales: sources
March 27, 2024
CHINESE electric vehicle maker BYD has set a 3.6-million-unit sales target for 2024, a jump of 20 per cent from its record-breaking sales last year, according to three people...
China’s Bank of Communications posts slight profit gain, warns of property risks
China’s Bank of Communications posts slight profit gain, warns of property risks
March 27, 2024
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 aims to open operation at India’s Gift special economic zone
March 27, 2024
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 million sustainability-linked loan 
Banyan Tree obtains S$70 million sustainability-linked loan 
March 27, 2024
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 beats earnings expectations as new CEO plots turnaround
March 27, 2024
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 billion loans to Apollo in revised SPG deal
UBS to sell US$8 billion loans to Apollo in revised SPG deal
March 27, 2024
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...