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Hong Kong banks face mounting losses on distressed property sales amid a real estate slump. Commercial property values have plummeted over 40% since 2018, eroding collateral backing loans. Lenders reluctant to sell assets at a loss are now forced to unload them below loan values, crystallizing losses. Despite strong capital buffers, banks face pressure on commercial real estate portfolios as defaults rise due to cash flow difficulties.
Published on: January 27, 2025, 04:02 AM UTC
Five media giants—Netflix, Disney, Paramount, Peacock, and Warner Bros. Discovery—reported a collective $5.9 billion profit in the first nine months of 2024, finally turning a profit from their streaming services after years of losses.
Published on: January 27, 2025, 04:02 AM UTC
Casual dining restaurant chains like Chili's, Olive Garden, and Texas Roadhouse are competing to win market share by offering value, promotions, and customer service. Despite industry challenges such as inflation and fast-casual competition, brands that leverage scale, marketing, and technology have growth opportunities. While Denny's and Cracker Barrel face headwinds due to budget-conscious consumers, Keke's Breakfast Café may be insulated due to its higher-income customer base.
Published on: January 27, 2025, 04:01 AM UTC
Carlyle Appoints Brad McCarthy as Managing Director and Asia Pacific Head of Global Wealth Division
Published on: January 27, 2025, 04:00 AM UTC
Learn how to navigate your financial life with expert advice on saving, investing, managing debt, and more.
Published on: January 27, 2025, 02:01 AM UTC
China's industrial profits fell for a third consecutive year in 2024, highlighting economic challenges and the need for government support amid US tariff threats.
Published on: January 27, 2025, 02:00 AM UTC
Activist investor Ancora Holdings is preparing a proxy battle at U.S. Steel, nominating nine director candidates and aiming to oust CEO David Burritt and terminate the merger agreement with Nippon Steel.
Published on: January 27, 2025, 02:00 AM UTC
Jaguar Land Rover invests £65 million in bespoke paint services to meet growing demand for personalized high-end vehicles.
Published on: January 27, 2025, 01:00 AM UTC
Costco to switch from Pepsi to Coca-Cola products in food court
Published on: January 27, 2025, 12:01 AM UTC
Perplexity AI has revised its merger proposal for TikTok U.S., allowing the U.S. government to own up to 50% of the new company.
Published on: January 26, 2025, 11:00 PM UTC