Business
Oil falls 2% on looming supply glut, hopes of Ukraine peace deal
Oil prices settled more than 2 per cent lower on Friday (Dec 26) as investors weighed a looming global supply glut, while also keeping an…
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Deal
Business
Malaysia's Petronas signs LNG supply deal with China's CNOOC
Malaysian state-owned energy firm Petroliam Nasional said on Wednesday (Dec 24) it would supply Chinese offshore oil and gas company CNOOC…
Business
Mitsui OSK inks financing deal for Singapore LNG terminal with banks including DBS, OCBC
The deal is for a newbuild floating storage and regasification unit that will be operated by Singapore LNG Corporation Mitsui OSK Lines…
Business
Citigroup to boost Japan investment banking team on deal boom
Other banks are strengthening their investment banking operations in Japan as well CITIGROUP will further increase its investment banking…
Business
Lula hopes for EU-Mercosur deal in January despite last-minute dither
Following the renewed delay in finalizing the free trade agreement between the European Union and four Mercosur countries, Brazil's…
Business
TikTok creators welcome deal to keep app in the U.S.
Only a few years ago, Keith Lee was a professional MMA fighter, doing food delivery and making social media videos to ease his social…
Business
EconomyBookings.com vs. Booking Directly: How to Get the Best Deal on Your Next Car Rental
When you’re planning your next trip and need a rental car, you’re faced with an important decision: should you book through an aggregator…
Business
Coliwoo disposes Pasir Panjang co-living space in S$43.9 million sale-and-leaseback deal
It will sell its 80% stake in Coliwoo PP, which owns and manages Coliwoo Hotel Pasir Panjang Co-living operator Coliwoo has entered into a…
Business
Coliwoo disposes Pasir Panjang co-living hotel space in S$43.9 million sale-and-leaseback deal
Estimated net proceeds of S$15.3 million will be used to repay working capital loans owed to LHN Group and for general working capital…
Business
Trump Media, fusion power firm TAE Technologies combine in US$6 billion deal
Under the deal, shareholders of both companies will own about 50% of the combined entity US President Donald Trump’s social media firm is…
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Why the EU-Mercosur Trade Deal Matters for Luxury
MILAN — Luxury industry concerns hit a peak this year after U.S. President Donald Trump announced his trade policy that involved a 15…
Business
Oracle data centre plan hit as Blue Owl walks from US$10 billion deal: source
Blue Owl’s discussions with lenders and Oracle for an OpenAI-linked Michigan data centre stall after failed negotiations Oracle’s largest…
Business
IHG signs franchise deal for first Kimpton hotel in Morocco
IHG Hotels & Resorts and Sirayane Hospitality have formalised a franchise agreement to open the first Kimpton property in Morocco. The…
Business
Ford cancels EV battery deal worth 9.6 trillion won with South Korea’s LG Energy Solution
South Korea’s LG Energy Solution said on Wednesday (Dec 17) that Ford Motor has terminated an electric vehicle (EV) battery-supply deal…
Business
Hans Patuwo gets GoTo shareholders’ nod as CEO amid investor push for Grab deal
Shareholders of Indonesia’s digital giant GoTo Group have approved the appointment of Hans Patuwo as president director and chief…
Business
TotalEnergies wins 21-year deal to power Google data centres in Malaysia
The power supply contract is expected to take effect in the first quarter of next year France’s TotalEnergies said on Tuesday (Dec 16) it…
Business
GM strikes deal to put Apple Music in all of its new vehicles
General Motors (GM) has cut a deal with Apple to bring the Apple Music app into Chevrolet and Cadillac models starting on Monday (Dec 15),…
Business
MUFG said to near deal for stake in India’s Shriram
Mitsubishi UFJ Financial Group is nearing a deal to buy a minority stake in India’s Shriram Finance, according to people familiar with the…
Business
ServiceNow nears up to US7 billion deal for cybersecurity startup Armis
ServiceNow is in advanced talks to buy the cybersecurity startup Armis in a deal that may be valued at as much as US$7 billion and would…
Business
Intel nears US$1.6 billion deal for AI chip startup SambaNova
Intel is in advanced talks to acquire artificial intelligence (AI) chip startup SambaNova Systems for about US$1.6 billion, including…
Business
Nancy Shaver Is the Real Deal
The choreographer Marla Phelan is interested in the birth of stars—not Barbra Streisand or Lady Gaga but the cosmic kind. Working with the…
Business
Hongkong Land advances S$8 billion private real estate fund following Keppel Reit’s MBFC deal
It is expected to launch with an AUM more than double the value of the seed portfolio provided by Hongkong Land Hongkong Land on Friday…
Business
Disney invests US$1 billion in OpenAI, strikes licensing deal
The company to tap OpenAI tools for new products and experiences, and to roll out ChatGPT to staff Walt Disney agreed to invest US$1…
Business
Sembcorp to acquire Australian power company Alinta Energy in A$6.5 billion deal
The asset is country’s fourth-largest utilities company with more than 1.1 million customers Sembcorp Industries will acquire Australia’s…