Business
Investment firm PAG raises 3.1 billion yuan in first yuan-denominated buyout fund: sources
Asia-focused investment firm PAG has raised 3.1 billion yuan (S$553 million) at the first close of its inaugural yuan-denominated buyout…
Tag
sources
Fashion
Fendi Has Held Talks With Willy Chavarria: Sources
ROME-ING AROUND?: Does Fendi have its eye on Willy Chavarria? According to sources, the Roman fashion house has had discussions with the…
Fashion
US may target Samsung, Hynix, TSMC operations in China: sources
The US Department of Commerce is considering revoking authorisations granted in recent years to global chipmakers Samsung, SK Hynix and…
Business
Chevron seeks buyers for 50% stake in Singapore refinery: sources
US oil major Chevron has sought non-binding bids for the sale of its 50 per cent stake in Singapore Refining Company (SRC), including from…
Business
Grab-GoTo merger talks face Indonesian regulatory hurdles: sources
[JAKARTA/SINGAPORE] Singapore-based Grab’s plan to acquire Indonesia’s GoTo to create a dominant South-east Asian ride hailing and food…
Business
Chinese firms may join group seeking to buy Li Ka-shing’s ports: sources
China’s largest shipping company is among the firms in talks to invest in a multinational consortium seeking to buy billionaire Li…
Business
Ant unit to seek stablecoin permits in Hong Kong, Singapore: sources
Jack Ma-backed Ant Group’s international unit is planning to apply for stablecoin licences in Singapore and Hong Kong, according to people…
News
Study shows little agreement between Republicans and Democrats on media sources
A new survey that probes the level of trust Democrats and Republicans have for news sources finds the business-oriented publications…
Business
Apple gives Tata India iPhone repair business as partnership expands: sources
Apple has brought in Tata Group to handle repairs for iPhones and MacBook devices in its fast-growing Indian market, signalling the Indian…
Business
Airbus warns airlines that delays will last three years: sources
Airbus is warning airlines that delays in deliveries will persist for another three years as it works through a backlog of supply chain…
Business
China’s answer to World Bank could open Singapore, HK offices: sources
The Asian Infrastructure Investment Bank is looking to open new offices in Hong Kong and Singapore, according to people familiar with the…
Business
Japan to consider trimming super-long bond issuance: sources
The MOF will make a decision after holding discussions with market participants around mid- to late-June, the sources says Japan will…
Business
India’s central bank seeks approval for overseas rupee lending: sources
India’s central bank is taking another step to internationalise the rupee, seeking approval to allow domestic banks to lend the currency…
Business
Saudi Aramco considers asset sales to free up funds: sources
Saudi state oil giant Aramco is exploring potential asset sales to free up funds, two people with knowledge of the matter said, as it…
Business
Nvidia to launch cheaper Blackwell AI chip for China after US export curbs: sources
[BEIJING/TAIPEI] Nvidia will launch a new artificial intelligence chipset for China at a significantly lower price than its recently…
Business
Foxconn among potential bidders for Singapore chip assembly firm UTAC in US$3 billion deal: sources
Taiwan’s Foxconn is among potential bidders for the Singaporean semiconductor assembly and testing business UTAC Holdings in a deal that…
Business
OnlyFans owner in talks to sell to investor group at about US$8 billion value: sources
OnlyFans owner Fenix International is in talks to sell the porn-driven company to an investor group at a valuation of around US$8 billion,…
News
Former PBOC deputy governor Liu Guiping to head Bank of China: sources
China will appoint financial veteran Liu Guiping as chairman of Bank of China, the nation’s fourth largest state-owned bank, two sources…
Business
Former central bank deputy governor to head Bank of China: sources
China will appoint financial veteran Liu Guiping as chairman of Bank of China (BOC), the nation’s fourth-largest state-owned bank, two…
Business
Nvidia modifies H20 chip for China to overcome US export controls: sources
Nvidia plans to release a downgraded version of its H20 artificial intelligence (AI) chip for China in the next two months, following US…
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…
News
US sanctions on China refiners over Iran oil disrupt operations: sources
Recent US sanctions on two small Chinese refiners for buying Iranian oil have created difficulties receiving crude and led them to sell…
Business
Grab looks to strike a deal to acquire Indonesia’s GoTo in Q2: sources
[SINGAPORE,HONG KONG] US-listed ride-hailing and food delivery firm Grab is looking to strike a deal to take over smaller Indonesian rival…
News
US SEC’s new chief says 15% of staff have left, contract cuts to come, sources say
The new head of the US Securities and Exchange Commission told staff on Tuesday the agency has lost 15 per cent of its headcount across…