Culture
ByteDance chip design staff suddenly find out they report to Singapore unit: sources
Chip design workers at Chinese tech giant ByteDance, many based in Beijing or Shanghai, unexpectedly found out last week that they are…
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Culture
Starbucks China valued at about US$5 billion by bidders, sources say
Most of the bidders seeking to buy a portion of Starbucks’ China operations have submitted offers valuing the business at as much as US$5…
Culture
Bukom refinery exports rare naphtha cargo: sources
Singapore’s Bukom refinery has exported its first naphtha cargo in years following a longer-than-expected outage at its cracker, according…
Culture
Aster Chemicals declares force majeure at Singapore naphtha cracker: sources
Singapore’s Aster Chemicals and Energy has declared force majeure on petrochemical supplies from its naphtha cracker on Bukom island,…
Culture
TikTok owner ByteDance sets valuation at over US$330 billion as revenue grows: sources
ByteDance, the owner of short-video app TikTok, is set to launch a new employee share buyback that will value the Chinese technology giant…
Business
Qatar presents 'new additions' to Gaza hostage deal, sources tell 'Post'
Israel has emphasized its commitment to adhering to the conditions presented by Prime Minister Benjamin Netanyahu. In recent days, Qatar…
Culture
Trump weighs using US$2 billion in Chips Act funding for critical minerals, sources say
THE Trump administration is considering a plan to reallocate at least US$2 billion from the Chips Act to fund critical minerals projects…
Culture
Boeing in talks to sell as many as 500 planes to China: sources
Boeing is heading closer towards finalising a deal with China to sell as many as 500 aircraft, according to people familiar with the…
Culture
Klook taps banks for US IPO: sources
Klook, a travel booking services company, has hired investment banks to help arrange a potential initial public offering (IPO) in the US,…
Culture
US embeds trackers in AI chip shipments to catch diversions to China: sources
US authorities have secretly placed location tracking devices in targeted shipments of advanced chips they see as being at high risk of…
Culture
Temasek-backed ST Telemedia is said to consider selling stake in data centre operator GDS: sources
ST Telemedia (STT) is considering selling its holding in Chinese data centre operator GDS Holdings, people familiar with the situation…
Culture
China tells brokers to stop touting stablecoins to cool frenzy: sources
China told local brokers and other bodies to stop publishing research or hold seminars to promote stablecoins, seeking to rein in the…
Culture
Carro targets US IPO with over US$3 billion valuation: sources
Singapore-based Carro, South-east Asia’s largest used-car online marketplace, is preparing for a US initial public offering as early as…
Culture
Chinese streaming platform iQiyi to seeks US$300 million in Hong Kong listing: sources
The streaming service platform has begun discussions with global banks about a second listing in the city iyi is seeking to raise US$300…
Culture
Air India taps Singapore Airlines to bolster fleet upkeep after crash: sources
Air India plans to lean on shareholder Singapore Airlines (SIA) to move some aircraft maintenance services in-house instead of outsourcing…
Culture
Opec+ agrees in principle another large oil output hike: sources
+ agreed in principle to boost oil output by 548,000 barrels per day (bpd) in September, two Opec+ sources said on Sunday (Aug 3), as the…
Culture
Shein revenue neared US$10 billion in first quarter before tariffs: sources
Shein Group’s net income rose to over US$400 million and revenue was almost US$10 billion in the first quarter as consumers snapped up the…
Business
Sources: Several deaths as train derails in south-western Germany
Several people were killed and many others injured after a passenger train derailed in south-western Germany on Sunday, security sources…
Business
Several deaths as train derails in south-western Germany, sources say
Several people were killed and many others injured after a passenger train derailed in south-western Germany on Sunday, security sources…
Culture
LVMH in talks to offload fashion label Marc Jacobs: sources
French luxury goods group LVMH is in discussions with multiple buyers to offload its fashion label Marc Jacobs, sources familiar with the…
Culture
US prepares to allow limited oil operations in Venezuela, starting with Chevron, sources say
The United States is preparing to grant new authorisations to key partners of Venezuela’s state-run PDVSA, starting with Chevron, to allow…
Culture
Julius Baer seeks to cut bonuses of bankers with risky books: sources
The move comes as the Swiss lender’s top management seek to reset and put the bank on a path for growth after a string of missteps Julius…
Culture
Schneider in talks to buy Temasek’s stake in Indian JV: sources
A potential transaction could value the whole venture at roughly US$5 billion including debt Schneider Electric is considering buying out…
Culture
SoftBank-backed travel app Klook is said to consider US listing: sources
Klook, a travel and leisure booking platform, is exploring an initial public offering in the US that may raise as much as US$500 million,…