SINGAPORE – A new public housing model to keep flats in prime locations affordable may well succeed in taming the “lottery effect” or excessive windfall gains when such flats are resold. This is because conditions such as additional subsidy clawbacks and a longer minimum occupation period (MOP) may make them less attractive. Please subscribe or […]
FRANKFURT (Reuters) – Deutsche Bank is gingerly hiring new staff at its investment bank, which has become its biggest revenue generator here, as it pursues new revenue opportunities.FILE PHOTO: The headquarters of Germany’s Deutsche Bank are pictured in Frankfurt, Germany, September 21, 2020. REUTERS/Ralph Orlowski/File PhotoIn the first year-on-year increase in front-office staff at the […]
(Reuters) -Visa Inc reported a rise in quarterly profit on Tuesday that beat Wall Street estimates, as the world’s largest payment processor benefited from a pickup in travel with economies reopening worldwide and more people shopping online.FILE PHOTO: A Visa credit card is seen on a computer keyboard in this picture illustration taken September 6, […]
HONG KONG/SHANGHAI (Reuters) -Modern Land defaulted on a bond payment, the latest Chinese property developer to do so, adding to worries about the wider impact of the debt crisis at behemoth China Evergrande Group, and weighing on shares in the sector.FILE PHOTO: Men work at the construction site of a highrise building in Beijing, China, […]
SINGAPORE (THE BUSINESS TIMES) – Freehold property La Ville at Tanjong Rhu is up for collective sale again, with a reserve price of $148 million, said sole marketing agent JLL on Tuesday (Oct 26). The property was previously launched for tender in June 2018 with an asking price of $152 million, but it was halted […]
SINGAPORE (Reuters) – The dollar has bounced off recent lows and was firm in choppy trade on Tuesday ahead of a handful of data releases and central bank meetings which investors expect to guide the rates outlook.FILE PHOTO: A U.S. dollar banknote is seen in this illustration taken May 26, 2020. REUTERS/Dado RuvicThe euro fell […]
Seven Coloradans made Forbes’ annual list of the 400 richest Americans, one of them for the first time in more than a decade. The magazine released the 2021 version of its Forbes 400 list earlier this month. The top spot went to Jeff Bezos, with an estimated $201 billion net worth. The No. 400 slot […]
Seven Coloradans made Forbes’ annual list of the 400 richest Americans, one of them for the first time in more than a decade. The magazine released the 2021 version of its Forbes 400 list earlier this month. The top spot went to Jeff Bezos, with an estimated $201 billion net worth. The No. 400 slot […]
LONDON (Reuters) – Graphic: Global asset performance hereFILE PHOTO: Bull and bear symbols for successful and bad trading are seen in front of the German stock exchange (Deutsche Boerse) in Frankfurt, Germany, February 12, 2019. REUTERS/Kai Pfaffenbach/File PhotoGraphic: World FX rates here World stocks held their ground on Monday after eight consecutive sessions of gains, […]
Petrol prices have hit a record high across the UK in what the RAC has described as a “truly dark day for drivers”. The average daily price per litre hit 142.94p on Sunday in data reported on Monday morning by RAC/Experian Catalist, which is separate from the weekly average record price reported by government. The […]