Business
China’s customs agents are told Nvidia’s H200 chips not permitted: sources
It is unclear whether the directives apply to existing orders for H200 chips, or only to new orders The Chinese customs authorities told…
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Business
Xpeng hires banks for flying car unit IPO in Hong Kong: sources
Xpeng Aeroht’s first mass-produced flying vehicle is scheduled for customer delivery in late 2026 Xpeng has hired banks to work on an…
Business
Big Tech spared strict rules in EU digital regulations overhaul, sources say
The tech giants will be subject only to a voluntary framework rather than binding rules Alphabet’s Google, Meta Platforms, Netflix,…
Business
China’s Anta Sports has offered to buy Pinault family’s 29% Puma stake: sources
The Hong Kong-listed company has a track record of acquiring and revamping Western sports and lifestyle brands China’s Anta Sports…
Business
DBS lays groundwork for significant risk transfers: sources
South-east Asia’s largest bank held preliminary talks with funds investing in SRTs DBS Group Holdings is weighing a foray into the market…
Business
Nvidia requires full upfront payment for H200 chips in China: sources
The US chipmaker imposes strict terms, demanding full payment with no cancellations, refunds or changes [BEIJING/SHANGHAI] Nvidia is…
Business
India claims US$30 billion from Reliance Industries, BP for underproduction from gas field: sources
A tribunal has been hearing the dispute in India since 2016 over gas produced from two deepwater fields India is seeking over US$30…
Business
Morgan Stanley seen as front-runner for SpaceX IPO: sources
Morgan Stanley is emerging as a leading contender for a key role in SpaceX’s blockbuster initial public offering (IPO), as the bank’s…
Business
SoftBank races to fulfil US$22.5 billion funding commitment to OpenAI by year-end: sources
SoftBank Group is racing to close a US$22.5 billion funding commitment to OpenAI by year-end through an array of cash-raising schemes,…
Business
GLP picks investment banks for 2026 Hong Kong IPO: sources
Deliberations are ongoing and details such as the offering size and timing have not been finalised Investment firm GLP has selected banks…
Culture
Warner Bros likely to reject US$108 billion Paramount bid, back Netflix in bidding war: sources
WARNER Bros Discovery’s board could announce a decision as early as Wednesday on Paramount Skydance’s US$108.4 billion takeover bid, with…
Business
China AI chip firm Biren to launch Hong Kong IPO in coming weeks: sources
The company is banking on rapid growth as China seeks to develop domestic alternatives to US semiconductors [BEIJING/HONG KONG] Chinese…
Business
Nvidia considers increasing H200 chip output due to robust China demand: sources
Chinese companies’ strong demand for the H200 stems from the fact that it is easily the most powerful chip they can currently access…
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Google faces EU fine next year for favouring own services, sources say
Alphabet’s Google is expected to be fined by EU antitrust regulators next year for not doing enough to comply with EU rules against…
Business
Bank of Japan reluctant to intervene on rising yields, sources say
The recent rises are due to investors taking a wait-and-see approach on uncertainty over how far the BOJ can eventually raise rates The…
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China’s ZTE may pay more than US$1 billion to the US over foreign bribery allegations: sources
ZTE said it is engaged in “ongoing communication” with the US Justice Department CHINESE telecom equipment maker ZTE Corp may pay more…
Business
Intel pursued deals that boosted CEO Tan Lip-Bu’s fortune: sources
Some chip-industry analysts have said in research notes that they welcomed Tan’s industry relationships. When the chairman of artificial…
Business
Style Capital Exits LuisaViaRoma: Sources
MILAN – Style Capital is exiting luxury retailer LuisaViaRoma after four years, WWD has learned. Sources said that current chief executive…
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ByteDance, Alibaba keen to order Nvidia H200 chips after Trump green light: sources
The chip’s ability to train AI models is currently unmatched by domestic equivalents [BEIJING/SINGAPORE] ByteDance and Alibaba have asked…
Business
Brookfield, GIC near binding offer for National Storage: sources
The parties are finalising details of a transaction that could be announced as soon as Monday Brookfield Asset Management and GIC are…
News
Brian Cole Jr: Virginia 'Anarchist' Admits to Planting Pipe Bombs Outside US Capitol on Eve of January 6 Riots, Sources Say
The Virginia man accused of planting pipe bombs outside the Democratic and Republican National Committee offices the night before the…
Business
Meta’s Zuckerberg plans 30% budget cut to metaverse unit, potentially triggering January layoffs: sources
The proposed metaverse cuts are part of the company’s annual budget planning for 2026 Meta Platforms’ Mark Zuckerberg is expected to…
Business
DayOne Data Centers seeks US$2 billion in upsized funding deal: sources
Singapore-based DayOne Data Centers is in advanced talks to raise more than US$2 billion in an upsized Series C funding round to help…
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ExxonMobil to permanently shut one steam cracker in Singapore from March: sources
The shutdown of the plant, which opened in 2002, is expected to be complete by June ExxonMobil plans to wind down operations at the older…