SINGAPORE: People’s Park Centre in Chinatown has been put up for collective sale at a reserve price of S$1.8 billion, real estate agency ERA Realty Network said on Wednesday (Jul 6). The asking price is higher than the S$1.35 billion that was asked for during an earlier en bloc attempt […]
Business
TOKYO : Apple Inc has hiked by nearly a fifth the cost of its flagship iPhone phone in Japan, which is battling a weakening yen currency and rising inflation. The Cupertino, California-based manufacturer’s entry level iPhone 13 now costs 117,800 yen ($870), Apple’s website showed, compared to 99,800 yen previously. […]
TOKYO : The dollar was little changed against major peers on Friday, but was on track for its best week in four as investors weighed the boost from tighter Federal Reserve policy and the risks of a U.S. recession. The dollar index, which measures the currency against six counterparts, inched […]
LONDON : UK startup Circulor, which uses blockchain technology to map supply chains for companies pursuing greener, more sustainable production, said on Tuesday it had raised $25 million to fund expansion, primarily in the United States. The Series B funding round brings Circulor’s fundraising over the last two years to […]
HONG KONG : Hong Kong private home prices eased in May after a short-lived bounce, latest official data showed on Tuesday, as potential homebuyers turned wary over higher borrowing costs. Home prices last month slipped 0.3 per cent from a month earlier, according to official data, compared with a revised […]
LONDON: Britain’s railway system once again came to a virtual standstill on Saturday (Jun 25) and flights in Europe were disrupted as strikes in the travel sector hit the continent. Tens of thousands of rail workers in the UK staged the latest day-long walkout over pay and job security, hampering […]
Global equity funds obtained capital inflows in the week ended June 22, following a heavy selling in the previous week, as a slide in commodity prices slightly assuaged investor fears over rapid inflation. According to Refinitiv Lipper, investors secured global equity funds of $7.51 billion in net purchases. That compares […]
A Tesla Inc shareholder sued the electric car maker, Chief Executive Elon Musk and its board, accusing them of neglecting to tackle complaints about workplace discrimination and harassment, and engendering a “toxic workplace culture.” Thursday’s lawsuit is the latest against Tesla, which has been accused of racial discrimination and sexual […]
TOKYO : Senior officials from Japan’s Ministry of Finance, Bank of Japan and banking regulator Financial Services Agency will meet on Friday from 4 p.m. (0700 GMT) to discuss global market developments, the finance ministry said in a statement. Masato Kanda, vice finance minister for international affairs, will speak to […]
NEW DELHI : An oversupply of naphtha at a time of poor demand has squeezed the product’s Asian margins to their weakest levels since the 2008 global financial crisis, traders and analysts said. As Asian refiners boost output of more lucrative products – gasoline and diesel – to overcome global […]