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DBS to give up Hong Kong office space

Bloomberg DBS Group Holdings Ltd is set to join UBS Group AG and other global banks giving up office space in pricey Hong Kong with so many staff still working from home. DBS is surrendering some floors in Swire Properties Ltd.’s One Island East tower in Quarry Bay. The lender will release two of the eight floors it currently occupies. ...

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Goldman sold $10.5 billion of stocks in block-trade spree

Bloomberg Goldman Sachs Group Inc. liquidated $10.5 billion worth of stocks in block trades, part of an extraordinary spree of selling that erased $35 billion from the values of bellwether stocks ranging from Chinese technology giants to US media conglomerates. The Wall Street bank sold $6.6 billion worth of shares of Baidu Inc., Tencent Music Entertainment Group and Vipshop Holdings ...

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Sizzling Asia value rally has fund managers hunting for gems

Bloomberg There are superlatives aplenty for the fierce comeback of Asia’s value stocks this quarter: They’re set to trounce growth peers by the most in two decades. Finance shares bested all other sectors. Last year’s abandoned market, Singapore, is now an investor darling. Even as some pockets no longer look cheap, value-focused investors say money can still be made from ...

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