Real Estate
Stocks to watch: Marco Polo Marine, Cordlife, No Signboard
THE following companies saw new developments that may affect trading of their securities on Friday (Mar 22): Marco Polo Marine: The shipyard and marine logistics company on Thursday said that...
Four Cordlife directors, former group chief arrested amid CAD probe
FOUR of Cordlife Group’s directors and its former group chief executive, Tan Poh Lan, were arrested and released on bail by the Commercial Affairs Department (CAD). On Friday (Mar...
Nike falls after guidance for first-half revenue decline
NIKE shares fell after the athletic-wear retailer forecast a drop in revenue early in its next fiscal year as it realigns its product offerings. The world’s largest sportswear retailer...
US FDIC draft proposal: bank mergers above $100 bln get extra scrutiny
MERGERS that could result in banks with more than US$100 billion in assets should expect heightened scrutiny from the US Federal Deposit Insurance Corporation (FDIC), according to draft guidance...
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...
