Business
Chinese banks edge out global rivals in financing Boyu Capital’s Starbucks China deal: sources
Ping An Bank, Industrial Bank, and China Minsheng Banking are set to arrange a seven-year syndicated loan of about US$1.4 billion Chinese…
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Trafigura floods LME Malaysia warehouses with aluminium: sources
LME aluminium stocks at Port Klang jump nearly 100,000 tonnes on Oct 30 to 366,850 tonnes Trafigura delivered large quantities of…
Fashion
China bans foreign AI chips from state-funded data centres: sources
The Chinese government has issued guidance requiring new data centre projects that have received any state funds to only use…
Business
UltraGreen.ai starts pre-marketing of over S$300 million Singapore IPO: sources
The planned share sale would add momentum to Republic’s efforts to attract high-growth companies and boost its capital markets…
Business
AirAsia plans up to US$600 million bond to cut borrowing cost: sources
The Malaysian budget carrier operator is targeting a coupon rate of below 10% for the proposed note AirAsia Aviation Group plans to raise…
Business
Amazon targets as many as 30,000 corporate job cuts: sources
The figure represents a small percentage of Amazon’s 1.55 million total employees, but nearly 10 per cent of its roughly 350,000 corporate…
Business
Nexperia’s China unit resumes chip sales to domestic distributors, requires renminbi-only payments: sources
The chipmaker is seeking chip packaging partners outside China as the dispute drags on [BEIJING/TAIPEI] Dutch chipmaker Nexperia’s Chinese…
News
US mulls curbs on exports to China made with US software: sources
Chinese imports currently face American tariffs of around 55%, which could shoot up to 155% if Trump follows through on his threatened…
Business
Chipmaker Yangtze Memory weighs over US$40 billion China IPO next year: sources
Yangtze Memory Technologies is considering an initial public offering in mainland China at a valuation that could exceed US$40 billion,…
Business
Chipmaker CXMT plans Shanghai listing with 300 billion yuan valuation: sources
[BEIJING/SINGAPORE] Chinese memory chipmaker ChangXin Memory Technologies (CXMT) plans an initial public offering in Shanghai as soon as…
Business
Micron to exit China server chip market after failing to recover from 2023 ban: sources
The ban on Micron products in critical infrastructure has shut the company out of the country’s data centre expansion boom…
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…
Business
UBS tightens scrutiny of client funds mainly in Singapore and Hong Kong amid regulatory pressure: sources
The Zurich-based lender is using Deloitte and KPMG to help screen client documentation UBS Group is increasing scrutiny of the sources of…
Fashion
Exxon restarts FCCU at Texas refinery, sources say
Exxon Mobil restarted the gasoline-producing fluidic catalytic cracking unit on Thursday (Oct 9) at its 612,000-barrel-per-day refinery in…
News
Maine Gov. Janet Mills will challenge Sen. Susan Collins in key 2026 Senate contest, AP sources say
Maine's two-term Democratic Gov. Janet Mills will run for the U.S. Senate seat held by veteran Republican Sen. Susan Collins next year,…
Business
China’s state banks ramp up US dollar buying to stabilise renminbi: sources
The combined actions of the lenders mark a reversal from last year’s efforts to defend the weakening renminbi [SHANGHAI/BEIJING] China’s…
News
Carney and Trump discussed Keystone XL revival, sources say
Prime Minister Mark Carney and US President Donald Trump discussed the possible revival of an oil pipeline project that would connect…
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
Temasek-backed Foundation Healthcare mulls US$300 million Singapore IPO: sources
Foundation Healthcare, backed by Temasek Holdings, is considering an initial public offering (IPO) that could value the medical group at…
Business
Intel to reveal tech details on forthcoming PC chip: sources
Intel plans to release technical details about its forthcoming chip for laptops, known as Panther Lake, on Thursday (Oct 9), four sources…
Business
NYSE parent nears deal for US$2 billion stake in crypto-based betting startup Polymarket: sources
INTERCONTINENTAL Exchange, the parent of New York Stock Exchange, is in talks to invest US$2 billion in Polymarket, The Wall Street…
Business
Budget Chinese carrier Spring Airlines mulls Hong Kong listing: sources
The airline has been more consistent in posting profit than the country’s main state-run carriers Chinese budget carrier Spring Airlines…
Business
Microsoft bets US$33 billion on neoclouds like Nebius to ease AI crunch: sources
Microsoft’s deal with neocloud company Nebius Group will provide computing power to internal teams creating large language models and a…
News
Trump mulls tariffs on foreign electronics based on number of chips: sources
The Trump administration is considering imposing tariffs on foreign electronic devices based on the number of chips in each one, according…