Business
Bain Capital to sell China data centre business likely valued at over US$4 billion: sources
US investment firm Bain Capital is seeking to sell the China business of data centre operator WinTriX DC Group, in a deal that could value…
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capital
Business
UOB halts earnings guidance amid macro uncertainties, but remains ‘committed’ to S$3 billion capital return plan
Singapore’s third-largest lender UOB will suspend its 2025 earnings guidance, with plans to resume this once the macroeconomic situation…
Business
SKP Beijing to Sell 42 to 45 Percent Stake to Boyu Capital
SKP Beijing, China‘s top-grossing luxury department store operator, is slated to sell around 42 to 45 percent of the company to Boyu…
News
Israel attacks main airport in Yemen's capital Sanaa
The Israeli military has said it "fully disabled" Yemen's main airport in the capital Sanaa, which is controlled by the Houthis. Tuesday's…
Business
AirAsia-owner Capital A eyes Hong Kong listing
Malaysia’s Capital A, the owner of budget carrier AirAsia, said on Friday (May 2) it was exploring listing on the Hong Kong stock…
Business
Thrive Capital Creating Vehicle for Serial M&A
Thrive Capital has bet big on artificial intelligence, including emerging giants of the field like OpenAI and Databricks. Now the venture…
Business
Investing in influencers – Azure Capital partners Gushcloud in fund to support creators, with up to 12.5% returns
The Azure-Gushcloud Entertainment Finance Fund, launched in February 2025, has successfully reached its initial target of raising S$10…
Business
OCBC-GEH saga: Could the insurer’s suspension be resolved through a selective capital reduction?
At OCBC’s annual general meeting on Apr 17, chairman Andrew Lee left no doubt that the banking group has been unmoved by calls for it to…
Business
Keppel secures S$2 billion in fresh capital commitments across flagship funds
Keppel secured fresh capital commitments of close to S$2 billion for its three flagship funds, representing around S$4.9 billion of funds…
Business
Capital One, Discover deal gets US bank regulators’ nod
US banking regulators said on Friday (Apr 18) they approved Capital One’s US$35.3 billion purchase of Discover Financial Services, paving…
Business
Hundreds of flights cancelled in China as strong winds hit capital
Hundreds of flights have been cancelled and train lines were suspended as gales hit Beijing and northern China on Saturday. By 11:30 local…
Business
UBS sticks to US$3 billion share buyback plan despite capital changes, global uncertainty
[LUCERNE, Switzerland] UBS chairman Colm Kelleher on Thursday (Apr 10) reiterated the Swiss bank’s intention to repurchase shares to the…
Business
Singapore’s RV Capital is set to join the hedge fund influx into Dubai
The firm joins a growing number of Asian investment outfits that are looking to join their western peers in the United Arab Emirates…
Business
UOB to inject fresh capital of 2 trillion dong into Vietnam unit, build new headquarters in Ho Chi Minh City
United Overseas Bank (UOB) said on Tuesday (Apr 8) that it will inject additional fresh capital of two trillion dong (S$104 million) into…
Business
Swiss watchdog backs UBS plan to limit investment bank amid capital rule debate
The head of Switzerland’s financial watchdog signalled he is in favour of UBS Group’s offer to limit the size of its investment bank,…
Business
Brazilian Body Care Brand Gente Beauty Secures Investment From Webster Capital
Gente Beauty, a Brazilian body care brand focused on lymphatic drainage that was founded by model Marianne Fonseca, has landed an…
Business
SAC Capital lifts Soilbuild target price on strong order book, maintains its ‘buy’ call
SAC Capital hiked Soilbuild Construction’s target price to S$1.10 and maintained its “buy” call. The target price represents an upside of…
Business
Panin Bank a good fit for DBS’ Indonesia operations; Singapore bank’s surplus capital can fund potential acquisition
A potential acquisition of Indonesia’s Panin Bank could benefit from DBS’ strong track record of turning around unprofitable targets, and…
Business
UBS expands wealth service to target Australia’s mining capital
UBS Group promoted Tim Clemenger to be its first client adviser for wealth management based in Perth, the Swiss bank’s latest move to…
Business
4 China state banks plan 520b yuan placements to add capital
Four of China’s largest state banks plan a total of up to 520 billion yuan in private placements to boost core tier-1 capital, after…
Business
Malo, the Italian Luxury Cashmere Brand, Acquired by Glickman Capital
Luxury cashmere brand Malo has a new owner. Glickman Capital, led by technology and telecom entrepreneur David Glickman, has acquired the…
Business
Jefferies profit drops on pullback in deals, capital markets
Jefferies Financial Group’s fiscal first-quarter earnings declined amid a drop in investment-banking and capital-markets revenue, with…
Business
ST Engineering and HTX form JV company with initial capital of S$10 million
The JV company, Codex Solutions, will focus on developing and maintaining in-house software capabilities for the Home Team ST…
Business
Capital World says transactions linked to former subsidiary under probe
Property company Capital World said the Malaysian Anti-Corruption Commission (MACC) is investigating certain transactions made in 2018…