Real Estate
Sabana Reit trustee’s first meeting with internationalisation committee fails
HSBC Institutional Trust Services’ first meeting with the internalisation committee of Sabana Industrial Real Estate Investment Trust (Sabana Reit) did not take place as intended on Mar 25, as...
Bonuses shrink at global banks in Japan despite booming markets
BOOMING markets in Japan have swelled the workload for international bankers in Tokyo but one thing has not changed – stubbornly low pay. Compensation in many cases remains a...
Citigroup to end sweeping overhaul this week after 5,000 layoffs
CITIGROUP is in the last phase of a sweeping overhaul to simplify its structure and improve performance, the bank said, after shrinking its workforce by 5,000 employees since September....
Oil settles higher as Russia orders output cuts, geopolitical tensions persist
OIL prices settled higher on Monday (Mar 25) as orders from the Russian government to curb oil output, and attacks on energy infrastructure in both Russia and Ukraine offset...
Ericsson to lay off 1,200 staff in Sweden as 5G spending slows
ERICSSON on Monday (Mar 25) said it would lay off about 1,200 employees in Sweden as part of cost-cutting measures announced earlier this year as customers reduce their spending...
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...
