Business
Meta’s Zuckerberg plans 30% budget cut to metaverse unit, potentially triggering January layoffs: sources
The proposed metaverse cuts are part of the company’s annual budget planning for 2026 Meta Platforms’ Mark Zuckerberg is expected to…
Tag
sources
Business
DayOne Data Centers seeks US$2 billion in upsized funding deal: sources
Singapore-based DayOne Data Centers is in advanced talks to raise more than US$2 billion in an upsized Series C funding round to help…
Fashion
ExxonMobil to permanently shut one steam cracker in Singapore from March: sources
The shutdown of the plant, which opened in 2002, is expected to be complete by June ExxonMobil plans to wind down operations at the older…
Culture
Netflix, Warner Bros Discovery combo seen lowering costs for consumers: sources
Alphabet’s YouTube remains the country’s largest streaming platform by viewership Netflix’s proposed acquisition of Warner Bros…
Business
Warburg-backed ESR weighs sale of some China assets: sources
The logistics and industrial property investor plans to appoint advisers to help it review options for the sale Singapore-headquartered…
Business
Temasek-backed autonomous driving firm Momenta files for Hong Kong IPO: sources
The firm is joining a growing list of Chinese companies aiming to debut in the Asian financial hub Chinese autonomous driving developer…
Business
Travel platform Klook to delay US listing until early 2026: sources
The company expects investors to be more receptive to an IPO once the holidays are over Klook Technology plans to list in the US early…
Fashion
Sources: Fendi Appoints Francesca Leoni Global Chief Communication Officer
FENDI NEWS: Francesca Leoni is joining Fendi as global chief communication officer, WWD has learned. She was previously chief brand…
News
China buys at least 10 US soybean cargoes in new deals after Trump-Xi call: sources
China bought at least 10 cargoes of US soybeans worth around US$300 million in contracts signed since Tuesday, two traders with knowledge…
Business
Brookfield, GIC to weigh buyout of National Storage Reit: sources
The volume of mergers and acquisitions involving Australian companies as either targets or sellers has fallen to around US$70 billion this…
Business
BHP makes renewed takeover approach to Anglo American: sources
BHP Group has made a renewed takeover approach to Anglo American, the London-listed miner that is itself seeking to reshape the industry…
Business
Deutsche Bank’s DWS cuts Asia private credit team in shift: sources
Despite Asia credit pullback, DWS sees alternatives driving growth and plans hires in Singapore DWS Group, an asset management arm of…
Business
Deutsche Bank’s DWS cuts Asia private credit team: sources
Despite the retreat from Asia private credit, DWS sees alternatives driving growth and plans hires in Singapore DWS Group, an asset…
Business
CK Hutchison weighing Hong Kong listing for retailer Watson: sources
CK Hutchison Holdings is considering listing health and beauty retailer AS Watson Group, people familiar with the matter said. The Hong…
Business
Vietnamese airline Vietjet to resume use of Chinese-made Comac planes: sources
C909, which seats up to 90 passengers, has been operating commercially since 2016 Vietnamese budget airline Vietjet plans to resume the…
Business
Temasek-backed Manner Coffee seeks Hong Kong IPO, 10 years after starting as tiny stall: sources
China’s Manner Coffee is considering an initial public offering in Hong Kong as soon as next year, according to people with knowledge of…
Business
IOI Properties eyeing Reit listings in Malaysia and Singapore: sources
Malaysia’s IOI Properties Group is exploring two real estate investment trust (Reit) listings in Malaysia and Singapore, with a combined…
Business
Samsung hikes memory chip prices by up to 60% as shortage worsens: sources
The chip crunch has been so severe that it has spurred panic buying by some customers, according to industry executives and analysts…
Fashion
Musk's Grokipedia leans on 'questionable' sources, study says
ELON Musk’s Grokipedia carries thousands of citations to “questionable” and “problematic” sources, US researchers said Friday (Nov 14),…
News
How chummy is too chummy? Epstein emails shine light on relationships between journalists, sources
The emails to and from Jeffrey Epstein released this week shine a light on the delicate relationship between reporters and their sources.…
Business
Missoni May Soon Become Part of the Authentic Brands Portfolio: Sources
Authentic Brands Group is in exclusive negotiations to purchase the Missoni brand, according to sources. If things go according to plan, a…
Business
KKR, Singtel seek S$5 billion loan for STT GDC buyout: sources
If finalised, this deal could mark Asia’s largest-ever leveraged buyout financing in the data-centre sector A consortium comprising of KKR…
Business
UBS joins list of star tenants in GIC-backed Mumbai tower: sources
The bank will move staff to the Altimus, a building jointly owned by GIC and India’s K Raheja UBS Group is taking up new office space in a…
Business
Netherlands ready to drop Nexperia control if China chip exports resume: sources
The Netherlands is prepared to suspend a so-called ministerial order that gave it control over Chinese-owned chipmaker Nexperia in a move…