Real Estate
Bank mergers face higher hurdle for FDIC approval under plan
US BANKS would have to clear steeper regulatory hurdles to merge with another lender under a plan by the Federal Deposit Insurance Corp (FDIC). The FDIC on Thursday (Mar...
No Signboard sells ‘No Signboard’ trademarks to GuGong in settlement deal
RESTAURANT operator No Signboard said on Thursday (Mar 21) that it will sell its trademarks under a settlement agreement with its former executive chairman, Lim Yong Sim, former controlling...
Apple CEO Cook opens new Shanghai store in show of China commitment
APPLE chief executive officer Tim Cook opened an expansive new store in central Shanghai on Thursday (Mar 21), signalling his company’s commitment to China as a market and production...
Private credit’s default recovery rates are worse than its biggest rival
THE dangers of private credit firms overvaluing their own assets has become one of the booming US$1.7 trillion industry’s most contentious topics in recent weeks. New data on how...
Steady Fed outlook boosts stock market’s hopes for coveted ‘soft landing’
A US stock market perched at record highs received an encouraging message from the Federal Reserve, after the central bank stuck with its rate cut projections for 2024 despite...
Singapore shares rally after US Fed commits to rate cuts
SINGAPORE shares rallied after the US Federal Reserve overnight made clear its commitment to three rate cuts, putting the flattish performance in the past few days behind them. The...
Funds sell Indonesian bonds on fiscal fears, free lunch pledge
INTERNATIONAL investors have become skittish over Indonesian bonds as election pledges have spurred burgeoning budgetary fears and a possible spending spree. Global funds have withdrawn US$1.1 billion from Indonesian...
Japan Airlines says buying 32 Airbus, 10 Boeing planes
JAPAN Airlines (JAL) said on Thursday (Mar 21) that it is buying 32 new aircraft from Airbus and 10 from Boeing in orders likely worth billions of dollars. The...
