Culture
Temasek firm’s deal values Malaysia 5G winner at RM7.5 billion: sources
A TEMASEK Holdings firm’s stake sale agreement values U Mobile at about RM7.5 billion (S$2.3 billion), according to people familiar with…
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Culture
Insurer Income sets up new financial advisory unit and is ‘actively recruiting’: sources
HOME-GROWN insurer Income Insurance is taking a stab at a new business model as it looks at ways to grow its topline by expanding its…
Culture
Chinese authorities are considering a weaker yuan as Trump trade risks loom: sources
CHINA’S top leaders and policymakers are considering allowing the yuan to weaken in 2025 as they brace for higher US trade tariffs as…
Culture
China regulators tell banks to expedite offshore company listings: sources
REGULATORS in mainland China and Hong Kong have told some of the world’s biggest investment banks to help speed up Chinese companies’…
Fashion
ESR buyout group close to making US$7 billion binding bid: sources
A consortium seeking to buy out Hong Kong-listed ESR Group is nearing a HK$13-a-share binding offer for the logistics real estate firm,…
Fashion
Mitsubishi Corp lost US$90 million in suspected China metal fraud, say sources
MITSUBISHI Corporation has suffered a loss of more than US$90 million in China after uncovering suspected fraud by one of its copper…
Culture
Intel’s CEO-shortlist candidates include former board member Lip-Bu Tan: sources
INTEL has started shortlisting a handful of candidates, including former board member Lip-Bu Tan, for the role of chief executive after…
Fashion
ExxonMobil considering sale of Singapore petrol stations for US$1 billion: sources
THE largest bloc of petrol stations in Singapore may soon hit the market. US energy major ExxonMobil – which is believed to have 59 petrol…
Business
China's Meituan to expand Keeta food delivery service to more Middle East cities, sources say
Chinese food delivery giant Meituan, which operates the Keeta brand in Hong Kong and Saudi Arabia, is set to expand to more Middle Eastern…
Culture
HSBC pulling back from China credit card business after struggling to expand: sources
HSBC is pulling back from its credit card business in China eight years after its launch, as the lender struggled to expand and make the…
Culture
Car parts supplier company Valeo to cut around 1,000 jobs in Europe: sources
FRENCH car parts supplier Valeo will cut around 1,000 jobs in Europe, sources said, and the restructuring move will also result in Valeo…
Culture
OpenAI allows employees to sell US$1.5 billion stock to SoftBank: sources
CHATGPT-owner OpenAI is allowing its employees to sell roughly US$1.5 billion worth of shares in a new tender offer to Japan’s SoftBank…
Fashion
Intel expects US to shave chip-making grant: sources
INTEL expects the US government to reduce a preliminary subsidy of US$8.5 billion to build more chip factories, two sources familiar with…
Fashion
Nissan to cut or transfer about 1,000 jobs in Thailand: sources
NISSAN Motor will cut or transfer about 1,000 jobs in Thailand as it shrinks production in South-east Asia, part of its recently announced…
Culture
China’s Trustar raises US$1 billion for vehicle that holds McDonald’s China stake: sources
TRUSTAR Capital has raised US$1 billion for a continuation fund that will hold the Chinese private equity firm’s controlling stake in…
Culture
Sinochem may keep bankrupt refineries as auctions draw scant interest: sources
SINOCHEM Group may keep three bankrupt oil refineries located in eastern China after auctions to sell them drew little interest from other…
Fashion
Kioxia market value set at 750 billion yen, Japan chipmaker to receive listing approval: sources
BAIN-BACKED Kioxia will have a market value of about 750 billion yen (S$6.5 billion) based on the indicative price for its initial public…
Culture
ADIA, GIC in talks to acquire Pye-Barker Fire & Safety minority stake: sources
The Abu Dhabi Investment Authority (ADIA) and Singapore’s GIC are in advanced talks to acquire a minority stake in Pye-Barker Fire &…