Business
Indonesia’s Widjaja family’s Sinarmas Land offer wins 90% acceptance, triggering compulsory acquisition
Lyon Investments – controlled by the Widjaja family, one of Indonesia’s wealthiest clans – has crossed the 90 per cent acceptance…
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Business
Business
HSBC cuts dozens of analyst jobs in investment banking overhaul
HSBC Holdings has culled more than two dozen analysts in recent days as Europe’s largest lender deepens a restructuring of its investment…
Business
Peirce Hill bungalow owned by wife of 3AC’s Kyle Davies sells for S$37 million
A bungalow in Peirce Hill owned by the wife of failed Three Arrows Capital (3AC) co-founder Kyle Davies is in the early stage of being…
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
Weak Chinese demand leaves Australia with too much wheat
Australian wheat inventories will likely be much higher than last year at the end of the season, pressuring prices, because of a drop in…
Business
Together Group Acquires ‘Experiential’ Agency Obo
Together Group, a London-based collective of marketing, communications, digital and events agencies, has acquired Obo, which has produced…
Business
BYD shares extend losses as price cuts throw spotlight on sales
BYD shares extended losses in Hong Kong trading on Tuesday (May 27) – taking their two-day slide to more than 10 per cent – as last week’s…
Business
Car sales in Europe dip slightly in April, Tesla’s 49% drop tempers EV gains
TESLA’S sales in Europe fell 49 per cent in April from a year earlier, even as battery-electric sales rose by 27.8 per cent, as the US EV…
Business
Tesla misses out on European EV growth as Model Y fails to revive sales
Tesla’s sales in Europe fell 49 per cent in April from a year earlier, even though battery-electric car sales rose 27.8 per cent, as the…
Business
True Beauty Ventures Invests in Jupiter
True Beauty Ventures has added another business to its portfolio. The fund has taken a minority stake in Jupiter, the scalp care brand…
Business
CEO Talks: Brieane Olson of PacSun Talks About Staying Focused on Young Consumers
Brieane Olson may never have worked the cash register at a PacSun store, but she’s done just about everything else in her nearly…
Business
Asia: Stocks fluctuate as traders await next moves in Trump trade war
Equities meandered on Tuesday as investors awaited the latest developments on Donald Trump’s trade war, while the yen rallied after the…
Business
Cerberus eyes Chinese firm’s Darwin port: report
US private equity firm Cerberus Capital Management is preparing a bid for the strategically important Port of Darwin, currently owned by…
Business
Boustead shares rise 4.8% to a 4-year high on robust earnings and dividend boost
Company’s shares hit their highest price in a decade as the engineering group sees a 58% increase in net profits Shares of Boustead rose…
Business
Denso in talks to buy Temasek-backed seed maker for US$500 million
Denso is in final talks to buy a Temasek-backed seed supplier for around US$500 million, as the Japanese vehicle parts supplier deepens…
Business
Hong Kong bourse plans to start zero-day options trading in 2026
Hong Kong’s stock exchange is seeking to launch options that expire within a day as early as the first half of 2026, bringing to the Asian…
Business
Japanese bonds yields fall ahead of test at 40-year auction
Yields on Japanese super-long bonds fell ahead of an auction on Wednesday (May 28) that is expected to test demand following a recent sale…
Business
Stocks to watch: Sembcorp, Bukit Sembawang, SBS Transit, Boustead
THE following companies saw new developments that may affect trading of their securities on Tuesday (May 27): Sembcorp: Its subsidiary…
Business
Singapore-based Quadria’s 3rd healthcare fund closes at US$1.1 billion, above US$800 million target
Quadria Capital, a Singapore-based private equity (PE) firm, announced on Tuesday (May 27) the final close of its third healthcare fund at…
Business
Buyout on hold: Seven & i investors eye execution before backing deal or strategy
The annual meeting of Seven & i Holdings shareholders is likely to be a low-key event, despite the drama surrounding a company facing a…
Business
TargaZyme wants to cure cancer by improving stem cell delivery to diseased organs
After watching her family members go through painful treatment methods to deal with their cancer diagnoses, Lynnet Koh turned to cell…
Business
Trump Media to raise US$3 billion to spend on cryptocurrencies: report
The company behind Truth Social, a streaming and social media platform, has been exploring potential mergers and acquisitions as it aims…
Business
RBNZ set to make sixth rate cut and signal bias to more easing
New Zealand’s central bank is set to cut interest rates for a sixth straight meeting and signal it’s open to further easing as US trade…
Business
Iron ore stays relevant despite China’s faltering property sector as demand drivers evolve
Iron ore, the backbone of China’s steel-fueled boom for more than two decades, is facing a pivotal demand shift. The ferrous metal’s…