Business
Elliott has built significant stake in Sumitomo Realty: sources
ELLIOTT Investment Management has built a sizeable stake in Japanese real estate developer Sumitomo Realty & Development Co, said people…
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sources
Business
Abrdn in talks to launch China asset management venture with Citic unit: sources
ABRDN is in advanced talks with Citic Bank to launch an asset management joint venture in China, two sources with knowledge of the matter…
Business
TikTok restructures trust and safety team, lays off staff in unit: sources
The layoffs began the same day for teams in Asia and Europe, Middle East and Africa TIKTOK is laying off global staff at its trust and…
Business
Singapore’s Foundation Healthcare eyes over US$100 million fundraising: sources
SINGAPORE’S Foundation Healthcare Holdings is looking to conduct a funding round that could raise more than US$100 million and value the…
Business
Sources: Saks Global Closings Seen in Toronto, Dallas
Saks Global will close the historic Neiman Marcus flagship in downtown Dallas next month, and could also close its Saks Fifth Avenue…
Business
China’s Sany Heavy Industry aims to raise up to US$1.5 billion in planned Hong Kong listing: sources
CHINESE manufacturer Sany Heavy Industry is planning a listing in Hong Kong that could raise up to US$1.5 billion, two sources familiar…
Business
Shein faces investor pressure to slash valuation to US$30 billion: sources
FAST-fashion retailer Shein is under pressure to cut its valuation to about US$30 billion, according to people familiar with the matter,…
Business
Nokia to gain unconditional EU nod for US$2.3 billion Infinera deal: sources
NOKIA is set to secure unconditional EU antitrust clearance for its US$2.3 billion acquisition of US optical semiconductors and networking…
Business
Commerzbank plans job cuts, new targets to keep UniCredit away: sources
GERMANY’S Commerzbank is preparing staff cuts and revamped financial targets in its efforts to fend off tie-up advances by Italy’s…
Business
China bubble tea firm Mixue targets US$500 million in February Hong Kong IPO: sources
The firm plans to use the money raised in its IPO to expand production facilities and help increase its range of drinks CHINA’S largest…
Business
China’s CATL to file for at least US$5 billion Hong Kong listing this week: sources
CHINESE battery giant CATL plans to file a Hong Kong listing application this week to raise at least US$5 billion, according to two…
Business
China’s CATL to raise at least US$5 billion in Hong Kong listing: sources
CHINESE battery giant CATL is expected to raise at least US$5 billion in a Hong Kong listing, according to two sources with direct…
Business
Nissan seeking new partners with Honda deal set to collapse: sources
NISSAN Motor is seeking out a new partner as it prepares to end negotiations to form a joint holding company with Honda Motor, sources…
Fashion
Sources Say Serge Brunschwig is Headed to Jil Sander as CEO
MILAN – Former Fendi chairman and chief executive officer Serge Brunschwig is expected to join Jil Sander as its new CEO, according to…
Business
Indonesian fund, Mitsui vie for US$300 million stake in toll operator RKE: sources
INDONESIA’S sovereign wealth fund, Indonesia Investment Authority (INA), and Japan’s Mitsui are among prospective buyers of CVC Capital…
News
Sources: Two men from Venezuela and Ecuador arrested after fatal attack in Norwood Park
CHICAGO (WGN) — Two men are in custody after a 63-year-old man was found unresponsive, bound with duct tape and an extension cord, and…
Business
SoftBank in talks to lead OpenAI funding round at US$300 billion valuation, sources say
SOFTBANK is in talks to lead a funding round of up to US$40 billion in OpenAI at a post-money valuation of US$300 billion, sources told…
Business
ByteDance plans US$20 billion capex in 2025, mostly on AI: sources
BYTEDANCE, the Chinese owner of TikTok, has earmarked over 150 billion yuan (S$27.9 billion) in capital expenditure for this year, much of…
Business
China’s battery giant CATL hires banks for first-half Hong Kong float: sources
CHINESE battery giant CATL has hired banks, including JPMorgan and Bank of America, to work on a Hong Kong listing, in what could be one…
Business
Japan’s NTT appoints banks for US$1 billion data centre Reit IPO in Singapore: sources
JAPAN’S Nippon Telegraph & Telephone Corp (NTT) has appointed Bank of America and UBS to work on a US$1 billion data centre real estate…
Culture
Vitol plans to cut costs by taking aluminium from London Metal Exchange warehouses in Malaysia: sources
ENERGY and commodities trader Vitol is attempting to reduce its storage costs with plans to remove significant amounts of aluminium from…
Business
Chinese exchanges ask big fund managers to restrict stock selling: sources
CHINA’S main stock exchanges asked some large mutual funds to restrict stock selling at the start of the year, three sources familiar with…
Culture
China AI firm SenseTime cuts back on Singapore office space: sources
SENSETIME Group is reducing its office footprint in Singapore, scaling back once-lofty ambitions at a time when it’s struggling to compete…
Business
KKR and Bain each bid more than US$5 billion for Seven & i assets: sources
PRIVATE equity firms KKR and Bain Capital each offered more than US$5 billion in first-round bids for the non-core assets of Japan’s Seven…