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China property M&A deals pick up in relief for developers
BEIJING: China’s efforts to spur asset sales by cash-strapped developers are starting to gain momentum with a flurry of deals involving state-run rivals, potentially easing the industry’s debt crisis.
Bursa Malaysia ends lower in line with regional retreat
KUALA LUMPUR: Bursa Malaysia ended the day lower in line with the performance of its regional peers.
Maybank says allegations it would face major financial trouble due to Genting HK are baseless
KUALA LUMPUR: Malayan Banking Bhd (Maybank) stated vehemently that the allegations that it will face major financial trouble owing to exposure to Genting Hong Kong are baseless.
Banks lead FBM KLCI lower amid weak market sentiment
KUALA LUMPUR: The FBM KLCI remained in the red at midday as bank counters continued to lead the market lower amid weak investor sentiment as anxieties grow over the US Federal Reserve's interest rate hike and asset tapering plans.
Lim Kok Thay steps down as chairman, CEO of Genting HK
KUALA LUMPUR: Tan Sri Lim Kok Thay has resigned as the chairman and CEO of Genting Hong Kong, days after the cruise operator said it would wind up its business after failing to secure funding to pay off its debts.
Hong Kong’s financial sector faces talent crunch as expats head for the exit
HONG KONG: Late last year, Tania Sibree quit her well-paid job as a financial services lawyer in Hong Kong and returned to Australia rather than live a moment longer with the city's strict coronavirus restrictions.
How a billionaire’s global cruise empire imploded in Hong Kong
HONG KONG: Tan Sri Lim Kok Thay started a cruise-ferry and gambling boat business in 1990s Hong Kong and turned it into one of Asia’s biggest cruise operators.
London Metal Exchange shows signs of Covid recovery
LONDON Metal Exchange (LME) trading volumes contracted for the third consecutive year in 2021, extending a broader decline that dates back to 2015.
