Business
Singapore’s GIC pulls US$250 million from hedge fund Jain Global: sources
Singapore’s sovereign wealth fund GIC has pulled cash from Jain Global, roughly 18 months after backing one of the biggest startups in…
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Business
GDS-backed DayOne to pick banks for US$5 billion US IPO, sources say
DayOne Data Centers has selected banks to help arrange a US initial public offering (IPO) that may raise about US$5 billion, sources said.…
Business
Syngenta targets up to US$10 billion Hong Kong listing in 2026: sources
[ZURICH/HONG KONG] Syngenta Group is targeting a Hong Kong listing that could raise as much as US$10 billion this year, two sources with…
News
India in talks to allow Alipay+ to link with instant payment system: sources
The move will ease payments for its tourists, enabling them to use its UPI with merchants in countries that have signed up with the…
Business
SpaceX generated about US$8 billion in profit last year ahead of IPO: sources
SpaceX generated about US$8 billion in profit on US$15 billion to US$16 billion of revenue last year, two sources familiar with the…
Business
China plans 200 billion yuan capital injection into biggest insurers: sources
It would be the first time Beijing has used special bonds to inject capital into insurers China is mulling the sale of hundreds of…
Business
Temasek-backed Eastroc Beverage to price Hong Kong listing at top of range: sources
[SINGAPORE/SYDNEY] Energy drink maker Eastroc Beverage is set to price its Hong Kong listing at the top of its offer range, two people…
Lifestyle
EXCLUSIVE: Sources Say Paul Andrew to Exit Sergio Rossi
MILAN – Paul Andrew is said to be exiting Sergio Rossi, WWD has learned. The designer was tapped to reinvigorate the storied footwear…
Business
China gives green light to importing first batch of Nvidia’s H200 AI chips, sources say
A has approved its first batch of Nvidia’s H200 artificial intelligence chips for import, two people familiar with the matter told…
Business
China approves first batch of Nvidia H200 chip imports: sources
— China has approved its first batch of Nvidia H200 artificial intelligence chip imports, three people familiar with the matter told…
Business
British banks to join European rivals in hiking profit targets, sources say
Britain’s biggest banks, including HSBC and NatWest, are set to follow their European rivals and lift their key profit targets when they…
Business
British banks to join European rivals in hiking profit targets: sources
In continental Europe, many banks have already lifted their profit goals, signalling confidence higher margins will last for years…
News
India to slash tariffs on cars to 40% in trade deal with EU: sources
India plans to slash tariffs on cars imported from the European Union to 40 per cent from as high as 110 per cent, sources said, in the…
Business
Amazon plans thousands more corporate job cuts next week, sources say
Amazon is planning a second round of job cuts next week as part of its broader goal of trimming some 30,000 corporate workers, according…
Business
Alibaba plans IPO for AI chipmaking unit T-Head: sources
As a first step, Alibaba plans to restructure the unit as a business partly owned by employees Alibaba Group Holding is preparing to list…
Business
Temasek-backed fizzy drinks maker Chi Forest considers Hong Kong IPO: sources
The drinks manufacturer has held early talks with potential advisers about the share sale Chi Forest, a maker of low-calorie sparkling…
Business
Universal Music’s $775 Million Acquisition of Downtown Likely to Be Approved by European Commission, Sources Say
Universal Music Group’s $775 million acquisition of the music-services giant Downtown Music Holdings is likely to be approved by the…
Business
Bain makes binding FineToday bid, eyes Asia beauty market: sources
FineToday operates in 11 Asia markets, including South Korea and Singapore, with China its second-largest after Japan Bain Capital has…
Business
India’s central bank proposes linking Brics’ digital currencies: sources
US President Donald Trump has previously said the bloc alliance is “anti-American” and he threatened to impose tariffs on its members…
News
Army puts 1,500 soldiers on standby for possible Minnesota deployment, AP sources say
The Pentagon has ordered about 1,500 active-duty soldiers to be ready in case of a possible deployment to Minnesota, where federal…
Business
Venezuelan banks will get US$300 million of oil money to sell on exchange market: sources
FOUR Venezuelan banks were notified this week by the country’s government that they will split US$300 million of oil revenues deposited in…
Business
Some in Bank of Japan see scope to raise rates sooner than markets expect, sources say
Some Bank of Japan policymakers see scope to raise interest rates sooner than markets expect with April a distinct possibility, as a…
Business
GIC, EQT weigh joint bid for Volkswagen’s 6-billion euro Everllence unit: sources
A potential Everllence sale comes as VW seeks to boost profitability and streamline its sprawling operations A majority stake in…
Business
HSBC considers selling Singapore insurance business: sources
HSBC Holdings is exploring options for its insurance unit in Singapore, including a sale, people familiar with the matter said, following…