Singapore s GIC Joins With ESR To Buy Blackstone s Logistics Assets In Australia For $2 9 Billion forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
NT dollar gains as US hints at valuation pressure
TREASURY REPORT: A US government report urging the central bank to curtail its foreign-exchange intervention, coupled with soaring exports, might lift the NT dollar
Bloomberg
The New Taiwan dollar yesterday posted its biggest daily advance since December last year after a report by the US Department of the Treasury last week hinted that US President Joe Biden’s administration could exert greater pressure on Taiwan’s central bank to allow the local currency to appreciate.
The NT dollar rose 0.5 percent to close at NT$28.205 against the greenback, and was emerging Asia’s best-performing currency for the day.
3 Min Read
SYDNEY (Reuters) - Commonwealth Bank of Australia (CBA), the country’s largest lender, expects to grow its $378 billion home loan book by about 5% this year, leading to increased mortgage profit of about 3%, Chief Executive Officer Matt Comyn said on Thursday.
FILE PHOTO: An office building with the Commonwealth Bank logo is seen amidst the easing of the coronavirus disease (COVID-19) restrictions in the Central Business District of Sydney, Australia, June 3, 2020. REUTERS/Loren Elliott/File Photo GLOBAL BUSINESS WEEK AHEAD
Strong economic recovery from the COVID-19 pandemic fuelled by the near-zero cost of money, paired with a “miraculous” turnaround in the labour market, will likely push record house prices even higher, Comyn also said at a biannual parliamentary questioning of the heads of Australia’s four biggest banks.
Citi to exit retail banking in markets across Asia, EU
By Kao Shih-ching / Staff reporter, with Bloomberg
Citigroup Inc plans to exit retail banking in 13 markets across Asia, and the region of Europe, the Middle East and Africa.
The bank would instead operate its consumer-banking franchise in both regions from four wealth centers in Singapore, Hong Kong, the United Arab Emirates and London, it said yesterday in a statement.
The move is part of an ongoing review of the company’s strategy by chief executive officer Jane Fraser, who took over last month.
A man passes a Citibank bank branch in San Francisco on Tuesday.