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Yahoo FinanceMar 6, 2024 20:00

Singapore's property market has cooled down due to a new epidemic without government intervention.

Ravi M.G.K. Menon, director of Singapore's Monetary Authority, said at the end of last month that the authorities were "highly vigilant" against rising house prices. The move follows a sharp rebound in Singapore's property market from the downturn in the early stages of the epidemic, sparking speculation that the government may take cooling measures for the first time since 2018. However, such measures are no longer necessary because of a new wave of outbreaks. Data released by Singapore's Urban Renewal Authority on Friday showed that house price growth in Singapore slowed in the second quarter as epidemic restrictions prevented the launch of new buildings and limited the number of people who could visit apartments.

新浪財經Jul 23, 2021 10:00

Auto parts giant Magna buys Swedish Veoneer for $3.8 billion

Canadian auto parts giant Magna International announced on Thursday that it will buy Swedish rival Veoneer for about $3.8 billion in cash to help expand its driver assistance technology business. Based on Thursday's closing price, Veoneer's market capitalization is about $2.23 billion. Magna will pay $31.25 per Veoneer share. Stockholm-based Veoneer will merge with Magna's existing advanced driving assistance business. The deal has been approved by the boards of directors of both companies and is expected to be completed by the end of this year.

新浪財經Jul 23, 2021 09:43