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HONG KONG: A paper tycoon and his wife are reported to have made Hong Kong’s most expensive luxury property purchase this year, paying HK$1.45 billion ($180 million) for a nine-apartment complex in Repulse Bay.
NEW YORK: A rout in Treasuries extended into a second day as global investors priced in stronger US economic growth and a faster pace of rate hikes. Benchmark 10-year yields climbed above 3.2% for the first time since 2011 and the dollar strengthened.
HONG KONG: International investors piled into a rare global bond offering from China, boosting orders to over US$22bil (RM93.1bil), which allowed the issuer to price it at lower spreads than initially indicated on Thursday.
SYDNEY: Commonwealth Bank of Australia will embark on a global search for a new chief executive officer after saying Ian Narev will step down within 10 months, as the nation’s largest lender seeks to mitigate the fallout from a money-laundering scandal.
LOCAL companies wanting to penetrate the China market must ensure they have the 'right' banking partner to ensure success in their business, Standard Chartered Bank Malaysia Bhd (StanChart) senior banker Raymond Lee said.
STANDARD Chartered Bank Malaysia Bhd (StanChart) has appointed Daniel Koh as its head of global markets division.