Business
KKR, Singtel seek to fully own Singapore data centre firm in US$3.9 billion deal
KKR & Co and Singapore Telecommunications are in advanced talks to buy more than 80 per cent of ST Telemedia Global Data Centres – which…
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Firm
Business
Andrew fixed palace visit for firm with £1.4m deal with ex-wife
Billy Kenber,politics investigations correspondent and Phil Kemp,political reporter Andrew Mountbatten Windsor arranged a private tour of…
Business
DOJ probes trading in herbal medicine firm that surged 46,000%
The US Department of Justice (DOJ) is probing market volatility at a Hong-Kong based traditional Chinese medicine company after a stock…
Business
Sunseap founder’s firm teams up with Chinese nuclear giant on Indonesian solar import project
Frank Phuan’s Equator Renewables Asia is set to import clean power from the Riau Islands into Singapore Equator Renewables Asia – a new…
News
North Sea oil and gas firm Petrofac files for administration
Energy services firm Petrofac has filed for administration. The company, which employs about 2,000 people in Scotland, said its North Sea…
Business
Hong Kong Jockey Club sells US$1 billion portfolio to Canada firm
The entity has multiple exclusive legal betting licenses granted by the government on activities including horse racing and football…
Fashion
Grégoire Martin Joins Executive Search Firm Ginger Finds as President
Ginger Finds has found a new president in Grégoire Martin, who’s stepping in to help the executive search firm build on its high-touch,…
Business
Ripple-tied treasury firm to raise over US$1 billion to go public
The companies have funded tens of billions of US dollars purchases of their target tokens and enjoyed hefty premiums when investors were…
Culture
Singapore firm anchors West Africa’s mega mine: Inside Winning International’s Simandou play
The company leverages the city-state’s connector strengths to reshape global high-grade iron-ore trade Winning International Group is a…
News
Gold pulls back after record high on firm US dollar, Trump’s China remarks
Markets are pricing in a 25-basis-point cut at the Federal Reserve’s October meeting and another in December Gold prices fell more than 2…
Business
Trafigura acquires warehousing firm Grafton’s Singapore business
The deal marks the metal trader’s return to the London Metal Exchange warehousing industry Trafigura Group has acquired a metals…
Business
Chinese data centre firm GDS aims to raise over US$1 billion for international unit DayOne: sources
GDS is aiming to build up DayOne into an independently run and separately listed unit in the mid to long term GDS Holdings, one of China’s…
Fashion
US weighs ban on Hong Kong tycoon Richard Li’s phone firm PCCW as China tensions rise
The move shows the US is widening its national security focus to include Hong Kong firms once seen as neutral The US took steps to block…
News
Michelle Mone-linked firm fails to pay back £122m over PPE breach
A company linked to Baroness Michelle Mone has failed to meet a deadline to repay £122m for breaching a Covid-19 personal protective…
News
After an oil spill, Trump officials back a Texas firm to expand drilling off California’s coast
When the corroded pipeline burst in 2015, inky crude spread along the Southern California coast, becoming the state’s worst oil spill in…
Business
Temasek-backed US fintech firm iCapital to expand Singapore, Hong Kong operations
It also plans to open its first office in Australia to ride the wave of rising demand for alternative assets iCapital, a Temasek-backed…
Lifestyle
Wall Covering Firm Backdrop’s Fresh Spin on Schumacher’s Archives
Is Backdrop Schumacher’s rebellious little sister? Backdrop cofounder and creative director Natalie Ebel said that description sounds…
Business
Megaspeed, Singapore firm at centre of US chip probe, goes dark
The streets outside the Central Business District were bustling with the lunchtime crowd. But on the seventh floor of Ocean Financial…
Business
Megaspeed, Singapore firm at centre of US Nvidia chip probe, goes dark
The streets outside the Central Business District were bustling with the lunchtime crowd. But on the seventh floor of Ocean Financial…
News
Pope Leo urges news agencies to stand firm against the ‘ancient art of lying’
Pope Leo XIV encouraged international news agencies on Thursday to stand firm as a bulwark against the “ancient art of lying” and…
Business
GIC, Carlyle-backed chemicals firm Nouryon shelves US$5.8 billion loan amid investor unease
Moody’s cuts Nouryon’s Q4 estimates amid macro uncertainty and weak demand in construction markets Speciality chemicals producer Nouryon…
Business
Gold poised for eighth weekly rise on firm safe-haven demand
The non-yielding asset, traditionally considered a hedge during geopolitical and economic uncertainty, has gained about 52% this year Gold…
Business
Chinese 450 billion yuan optics firm Innolight weighs Hong Kong listing: sources
Zhongji Innolight, a Chinese maker of optical communication modules and devices, is considering a listing in Hong Kong, according to…
Business
Ikea buys US logistics tech firm Locus in online growth push
[LONDON/STOCKHOLM] Ikea has acquired US logistics technology firm Locus, the two companies said on Tuesday (Oct 7), a deal the Swedish…