The week’s biggest news came on Friday when DBS Group (SGX: D05) announced the S$2.2 billion purchase of Citigroup’s Taiwan consumer banking unit.
This announcement comes hot on the heels of United Overseas Bank Ltd (SGX: U11) purchase of Citi’s franchise in Indonesia, Malaysia, Thailand and Vietnam.
We delve into the deal to highlight some interesting aspects for investors.
Meanwhile, it’s been a roller-coaster of a week for investors of US stocks.
The NASDAQ Composite Index, a bellwether index for a variety of technology companies, has slid into a correction after falling more than 10% from its peak.
We explore how you should react and take advantage of this development.
Sentiment for REITs had also soured due to the prospect of rising interest rates.
As unit prices fall, yield-seeking investors are seeing more opportunities to acquire strong, well-managed REITs with high distribution yields.
We present a few of these REITs as potential additions to your investment watchlist....