Culture
BlackRock to run US$80 billion for Citi as bank refocuses wealth unit
The move highlights a growing trend among big banks to partner with specialist asset managers Citigroup said on Thursday (Sep 4) it will…
Tag
Unit
Culture
Blackstone revamps Asia real estate unit as Miyasaki steps down
Blackstone is revamping the senior management at its Asia real estate unit as its long-serving head of acquisitions is set to leave,…
Culture
Blackstone revamps Asia real estate unit as senior executive steps down
Blackstone is revamping the senior management at its Asia real estate unit as its long-serving head of acquisitions is set to leave,…
Culture
Centurion unit acquires Johor dorm operator for RM110.8 million, ups bed capacity by 25%
A unit of dormitory operator Centurion Corporation has acquired another dormitory operator in Johor for RM110.8 million (SG$33.2 million),…
Culture
ComfortDelGro buys rest of CityCab shares for S$116.3 million from ST Engineering unit
Transport giant ComfortDelGro (CDG) acquired on Monday (Sep 1) all of ST Engineering Land Systems’ shares in taxi operator CityCab for a…
Culture
GLP secures up to US$1.5 billion investment from Adia unit
Global logistics builder and investor GLP has secured up to US$1.5 billion of investment from a wholly-owned subsidiary of the Abu Dhabi…
Culture
Temasek unit, Nexus ink deal to acquire stakes in Post Advisory
Post Advisory Group has reached a deal with Nexus Capital Management and a Temasek Holdings subsidiary that will reshape the ownership…
Culture
China tech giant JD.com unit, two other firms plan US$1 billion Singapore Reit
[SINGAPORE/HONG KONG] The property investment arm of Chinese e-commerce giant JD.com and two other firms plan to launch a Singapore-based…
Culture
China’s Dongfeng plans to list EV unit, take rest private
Dongfeng Motor Group plans to withdraw its Hong Kong shares in a new twist on a long-awaited restructuring, part of a transaction that…
Culture
Visa closes US open-banking unit as data fight heats up: source
Open banking has gained traction in Europe, where regulators required banks to share data with licensed third parties, but the US lacks…
Culture
Capital World unit faces more than RM320,000 in claims; buyer seeks refund for unit purchased in 2021
The buyer says in a legal letter that Capital City Property failed to vacate the unit within 52 months of the sale-and-purchase agreement…
Culture
Del Monte Pacific hit by nearly US$800 million in losses from US unit collapse
Del Monte Pacific, which is dual-listed on the Singapore Exchange and Philippine Stock Exchange, on Thursday (Jul 31) unveiled a net loss…
Business
Russian missile hits Ukrainian training unit, killing and wounding servicemen
Ukraine's armed forces have confirmed a Russian missile strike hit a military training unit, causing a number of casualties. Ukrainian…
Culture
First Reit H1 reports lower 2025 DPU of S$0.0113 on FX depreciation and enlarged unit base
Rental and other income for H1 2025 falls 2.9 per cent to S$50.5 million from S$52 million in H1 2024 The manager of First Reit reported a…
Culture
First Reit reports lower H1 DPU of S$0.0113 on FX depreciation, enlarged unit base
Rental and other income for H1 2025 falls 2.9% to S$50.5 million from S$52 million The manager of First Reit reported a 5.8 per cent fall…
Culture
Intel to separate networking unit as new CEO Tan overhauls business
The CEO has been given the challenge of revitalising the chipmaker after years of missteps and high-capital manufacturing strategies led…
Culture
Julius Baer's first-half profit falls 35% on loan provisions, Brazil unit sale
Swiss bank Julius Baer posted a first-half profit of 295 million francs (S$473.5 million) on Tuesday (Jul 22), down 35 per cent…
Culture
Singtel unit prices S$160 million in fixed-rate notes at 2.726%
Singtel Optus, a wholly owned subsidiary of the telecommunications giant, on Monday (Jul 21) priced S$160 million in fixed-rate notes due…
Culture
RHB Bank’s Singapore unit key to regional growth plan, targets
Singapore, part of Malaysia’s fourth-biggest banking group RHB, will be key in driving its regional expansion plans and help meet targets…
Culture
Amazon’s AWS cloud computing unit cuts jobs
Amazon cut jobs in its Amazon Web Services cloud computing unit on Thursday (Jul 17), a spokesperson confirmed following a Reuters…
Culture
UOL unit prices S$75 million fixed rate notes at 2.78%
They will be issued as the second tranche of the fifth series of a S$2 billion multicurrency medium-term note programme Property player…
Business
DHL’s German postal unit aims to increase use of parcel lockers
The German post and parcel division of DHL Group said Monday it has launched a one-year trial with several online retailers to make it…
Culture
Barclays names several leadership changes in its Asia Pacific investment banking unit
Richard Satchwell has been appointed head of capital markets financing for Asia-Pacific at Barclays, among other key leadership changes…
Culture
Seatrium secures floating storage regasification unit project from energy company Kinetics
It is set to commence in the third quarter of 2025 and involves the conversion of a liquefied natural gas carrier into an FSRU Seatrium…