Real Estate
Bank of America joins rivals in predicting stronger investment banking revenue
BANK of America (BOA) expects its investment banking revenue to rise by 10 to 15 per cent in the first quarter from a year earlier, joining rivals who have...
Ex-Google engineer charged with AI tech theft for Chinese firms
A CHINESE software engineer working for Alphabet’s Google was charged by the US Justice Department with stealing trade secrets for developing artificial intelligence (AI) from the company’s supercomputing data...
House lawmaker says US ByteDance investors should urge China to allow TikTok sale
A US House Republican leading a legislative push to force China’s ByteDance to divest TikTok in the United States or face a ban says American investors should urge China...
Firms that peg CEOs’ pay to ESG goals must be clear how it fits with their strategy
SHOULD a chief executive’s salary be bumped up if the company reduces its carbon emissions or improves on the gender diversity of its board? More companies are mulling this...
China’s Antfin sells Zomato stake worth US$341.5 million
CHINA’S Antfin sold a 2.1 per cent stake in Indian food delivery platform Zomato worth US$341.5 million on Wednesday (Mar 6), stock exchange data showed. The stake sale comes...
Fidelity International to cut 1,000 jobs globally, memo shows
FUND management giant Fidelity International is planning to cut around 1,000 jobs globally in 2024, equivalent to around 9 per cent of its headcount, according to an internal company...
Digital Core Reit proposes to raise stake in Frankfurt data centre by 24.9%
DIGITAL Core Reit (real estate investment trust) has agreed to raise its stake in a data centre in Germany by 24.9 per cent to 49.9 per cent. However, the...
Crypto’s US$800 billion rally widens beyond record-setting Bitcoin
SMALLER cryptocurrencies are starting to pull ahead of record-setting Bitcoin as traders bet the tokens are next in line to test all-time peaks. An index tracking the bottom half...
