Fashion
Warner Bros fight heats up with US$108 billion hostile bid from Paramount
Acceptance of the bid would trigger a US$2.8 billion breakup fee payable to Netflix[LOS ANGELES] Paramount Skydance on Monday (Dec 9) launched a hostile bid worth US$108.4 billion for...
BHP strikes US$2 billion funding deal with GIP for iron ore power network
The two firms will form an entity in which BHP will hold a 51% stake and GIP the remaining 49% stake[MELBOURNE] BHP Group said on Tuesday (Dec 8) that...
Australia’s central bank holds rates steady, rules out further cuts
Bond yields spike to a 13-month high after governor Bullock says that price risks have ‘tilted to the upside’[SYDNEY] Australia’s central bank governor Michele Bullock called an end to...
US Justice Department accuses two Chinese men of trying to smuggle Nvidia chips
Prosecutors estimate that the scheme had been in operation since at least November 2023, according to court documents[WASHINGTON] Two Chinese men are in custody for allegedly smuggling Nvidia H100...
Vietnam’s Vingroup to develop US$3 billion ecosystem in Telangana, strengthens India push
VinFast, despite its ongoing global expansion, continues to report widening losses[HANOI] Vietnam’s largest conglomerate Vingroup on Tuesday (Dec 9) signed a memorandum of understanding with Telangana’s state government for...
Aster invests US$155 million to expand Singapore’s Bukom refinery capacity
[SINGAPORE] Aster Chemicals and Energy said on Tuesday (Dec 9) that it has invested US$155 million in rejuvenation projects at its Bukom refining facility, in a bid to strengthen...
Most markets track Wall St losses amid jitters about Fed rate trajectory
Bets on a third successive cut have surged on the back of data pointing to a weakening jobs market[HONG KONG] Most stocks fell in Asia on Tuesday (Dec 9)...
Hong Kong exchange, regulator ask banks to maintain quality of IPO applications
[HONG KONG] The Hong Kong securities regulator and the stock exchange said that they have jointly asked investment banks to ensure that they maintain the quality and standard of...
Gold rises but investors stay cautious about ‘hawkish’ Fed tone
[BENGALURU] Gold edged higher on Tuesday (Dec 9), even as investors pulled back slightly on US rate cut bets, reflecting caution that the US Federal Reserve could strike a...
Granite Asia raises US$350 million for fund backed by Temasek, Khazanah, INA
Asia’s private credit market is projected to grow 46% to US$92 billion by 2027, according to a report.[SINGAPORE] Granite Asia, a Singapore-based investment firm, said on Tuesday (Dec 9)...
