Business
Japan’s SMBC is closer to acquiring 51% stake in India’s Yes Bank: sources
Sumitomo Mitsui Banking Corp (SMBC) is close to agreement on acquiring a stake in Yes Bank, with the Japanese firm eyeing a majority 51…
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Business
Chinese sovereign fund CIC to sell US$1 billion of US private equity investments: sources
Chinese sovereign investor China Investment Corporation (CIC) is selling about US$1 billion of its private equity (PE) investment…
Business
Aster Chemicals to bid for Exxon Mobil's Singapore fuel stations, sources say
Aster Chemicals and Energy, the new operator of the Bukom refining complex, is planning to bid for ExxonMobil’s petrol stations in…
Business
Cars didn’t arrive after months – so Singapore dealer for China EV brand Neta closed: sources
The abrupt closure of Evology Automobile – the dealer/distributor for China automotive brand Neta – earlier this month happened because…
News
Oil falls 2% after sources say Opec+ to mull accelerating output
Oil prices slipped 2 per cent on Wednesday (Apr 23) as sources said Opec+ would consider accelerating its oil output increases in June,…
Culture
PSA weighs selling 20% stake in CK Hutchison’s ports business: sources
International is exploring the sale of its 20 per cent stake in CK Hutchison’s ports business, two people with knowledge of the matter…
Business
Huawei readies new AI chip for mass shipment as China seeks Nvidia alternatives: sources
[SINGAPORE/BEIJING] Huawei Technologies plans to begin mass shipments of its advanced 910C artificial intelligence chip to Chinese…
Business
Tesla to delay US launch of affordable EV, a lower-cost Model Y: sources
Tesla’s long-awaited plans for an affordable car include a US-made, stripped-down version of its best-selling electric SUV, the Model Y,…
Business
Shein gains UK approval for London IPO, awaits China nod: sources
Online fast-fashion retailer Shein has secured approval from Britain’s Financial Conduct Authority (FCA) for its planned initial public…
News
Apple airlifts 600 tonnes of iPhones from India ‘to beat’ Trump tariffs: sources
Tech giant Apple chartered cargo flights to ferry 600 tonnes of iPhones, or as many as 1.5 million, to the US from India, after it stepped…
Business
Trinny London Explores Deal Options to Bolster U.S. Expansion Plans: Sources
British beauty brand Trinny London has hired a banker to explore funding options to fuel U.S. expansion plans, multiple sources told WWD.…
Business
Virgin Australia targeting June IPO despite tariff turmoil: sources
Bain Capital-controlled airline Virgin Australia is pushing ahead with plans for an initial public offering (IPO) in June, despite the…
News
US considers adjusting port fee plan for Chinese vessels after pushback: sources
[LONDON/ATHENS] President Donald Trump’s administration is considering softening its proposed fee on China-linked ships visiting US ports…
Business
China’s central bank asks state lenders to reduce dollar purchases: sources
China’s central bank will not allow sharp renminbi declines and has asked major state-owned banks to reduce US dollar purchases, people…
Business
TSMC could face US$1 billion or more fine from US probe: sources
TAIWAN Semiconductor Manufacturing could face a penalty of US$1 billion or more to settle a US export control investigation over a chip it…
Business
Authentic Luxury Group Eyeing John Elliott Acquisition: Sources
Authentic Luxury Group is on the verge of making its first acquisition. Last October, Saks Global, owner of Saks Fifth Avenue and Neiman…
News
Alexandre Vauthier Out at Namesake Brand: Sources
PARIS — It seems no designer is immune to the ongoing great shuffle — not even those with their names on the door. According to industry…
News
TikTok deal put on hold after China indicated it would reject it over tariffs: sources
A deal to spin off the US assets of TikTok was put on hold after China indicated it would not approve the deal following President Donald…
Business
Morgan Stanley raising about US$680 million for Japan real estate fund: sources
Morgan Stanley is raising about 100 billion yen (S$910.8 million) for a Japan-focused real estate fund, two people familiar with the…
Business
MAS tells fintech platforms to communicate underlying products in investment accounts clearly: sources
Consumers should be clear that a fintech platform that offers underlying banking products does not equate to it being a bank [Singapore]…
Business
GlobalFoundries, Taiwanese chipmaker UMC consider merger: sources
TAIWAN’S major chipmaker United Microelectronics and US-based GlobalFoundries are looking into the possibility of a merger, two sources…
Business
Blackstone mulls small stake in US TikTok spinoff: sources
[Los Angeles] Private equity firm Blackstone is evaluating making a small minority investment in TikTok’s US operations, according to two…
Business
Marquee Looks to Buy Dockers From Levi’s: Sources
Marquee Brands is closing in on Dockers. Sources said the brand management company was in exclusive talks with Levi Strauss & Co. to buy…
Business
Foxconn plans EV event in Japan to woo manufacturers: sources
Foxconn is set to hold a seminar in Japan on April 9 to lay out its strategy on electric vehicles, two sources with direct knowledge of…