Category: Business

It was a chocolate biscuit that turned Masayuki Iwasa, a self-professed penny-pincher with a sweet tooth, into one of Japan’s most scrupulous chroniclers of “shrinkflation”. Having sworn off his favourite Chocoliere tartlets for a decade after Bourbon Corp (2208.T) reduced the package size, the newspaper delivery man and part-time stock trader was spurred to action […]

Israel’s Property and Building Corp (PTBL.TA) said on Sunday it agreed to sell the HSBC Tower building in midtown Manhattan for $855 million to New York-based real estate firm Innovo Property Group, recording a net loss of $45 million. The Israeli company, which is 63% owned by Discount Investment Corp (DISI.TA), said it had also […]

The chairperson of Switzerland’s financial watchdog has called for more power to punish wayward bankers after a string of scandals tarnished the sector’s international reputation. Marlene Amstad, head of the Swiss Financial Market Supervisory Authority’s (FINMA) board of directors, told the SonntagsZeitung paper the agency would welcome new tools to hold bankers accountable for the […]

Some of China’s major property developers are planning to issue asset-backed securities in the near term, a further sign that regulators are marginally broadening financial channels for developers amid Evergrande’s debt crisis. China Evergrande (3333.HK), wrestling with debts of more than $300 billion, said on Friday that there was “no guarantee” it would have enough […]

El Salvador President Nayib Bukele said the Central American country had acquired an additional 150 bitcoins after the digital currency’s value slumped again, enlarging his bet on the cryptocurrency despite criticism. Bitcoin, the world’s biggest and best-known cryptocurrency, is down about 30% from the year’s high of $69,000 on Nov. 10. Bukele said last week […]

Bitcoin shed a fifth of its value on Saturday as a combination of profit-taking and macro-economic concerns triggered nearly a billion dollars worth of selling across cryptocurrencies. Bitcoin was 12% down at 0920 GMT at $47,495. It fell as low as $41,967.5 during the session, taking total losses for the day to 22%. The broad […]

Telecom Italia (TLIT.MI) is moving closer to picking banks to advise it on a buyout offer approach from U.S. private equity group KKR (KKR.N) and could assign mandates as early as this weekend, two sources said on Saturday. A special committee set up to study KKR’s non-binding bid approach, valued at 33 billion euros ($37 […]