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Indonesia plans US$8 billion refineries contract with US firm amid tariffs deal: sources
Indonesian sovereign wealth fund Danantara plans to sign a US$8 billion engineering, procurement and construction contract with US…
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sources
Business
Julius Baer seeks to cut bonuses of bankers with risky books: sources
The move comes as the Swiss lender’s top management seek to reset and put the bank on a path for growth after a string of missteps Julius…
Business
Schneider in talks to buy Temasek’s stake in Indian JV: sources
A potential transaction could value the whole venture at roughly US$5 billion including debt Schneider Electric is considering buying out…
Business
SoftBank-backed travel app Klook is said to consider US listing: sources
Klook, a travel and leisure booking platform, is exploring an initial public offering in the US that may raise as much as US$500 million,…
Business
SMFG said to eye US$1.1 billion additional investment in Yes Bank: sources
The fresh investment would bring the total amount to US$2.7 billion, giving SMFG a roughly 25% stake in Yes Bank Sumitomo Mitsui Financial…
Business
Bank of Japan likely to consider raising inflation forecast: sources
The central bank will update its quarterly outlook report at the end of its meeting on Jul 31 Bank of Japan (BOJ) officials are likely to…
Business
Meta poached Apple’s AI engineer Pang with pay package over US$200 million: sources
Meta Platforms has made unusually high compensation offers to new members of its “superintelligence” team – including a more than US$200…
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Aster Chemicals is said in talks to buy Exxon Singapore stations: sources
The sale would allow the American oil major to deploy more capital in areas of higher growth potential Aster Chemicals and Energy, a joint…
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Aster is said in talks to buy Exxon Singapore stations: sources
The sale would allow the American oil major to deploy more capital in areas of higher growth potential — Aster Chemicals and Energy, a…
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Glencore JV Aster said to be in talks to buy Exxon Singapore stations: sources
The sale would allow the American oil major to deploy more capital in areas of higher growth potential — Aster Chemicals and Energy, a…
News
Preliminary report in Air India crash expected to be released by Friday, sources say
A PRELIMINARY report into the crash of an Air India jetliner that killed 260 people in June is expected to be released by Friday, a step…
Business
Deutsche Bank, SeaTown join VinFast’s US$510 million private debt: sources
Deutsche Bank and SeaTown Holdings International are among the lenders providing a US$510 million private credit loan to VinFast Auto,…
Business
Shein to file confidentially for Hong Kong IPO in rare move: sources
CHINA-FOUNDED fast-fashion retailer Shein plans to file a draft prospectus confidentially for its Hong Kong listing, marking a rare…
Business
Investment firm PAG raises 3.1 billion yuan in first yuan-denominated buyout fund: sources
Asia-focused investment firm PAG has raised 3.1 billion yuan (S$553 million) at the first close of its inaugural yuan-denominated buyout…
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US may target Samsung, Hynix, TSMC operations in China: sources
The US Department of Commerce is considering revoking authorisations granted in recent years to global chipmakers Samsung, SK Hynix and…
Business
Chevron seeks buyers for 50% stake in Singapore refinery: sources
US oil major Chevron has sought non-binding bids for the sale of its 50 per cent stake in Singapore Refining Company (SRC), including from…
Business
Grab-GoTo merger talks face Indonesian regulatory hurdles: sources
[JAKARTA/SINGAPORE] Singapore-based Grab’s plan to acquire Indonesia’s GoTo to create a dominant South-east Asian ride hailing and food…
Business
Chinese firms may join group seeking to buy Li Ka-shing’s ports: sources
China’s largest shipping company is among the firms in talks to invest in a multinational consortium seeking to buy billionaire Li…
Business
Ant unit to seek stablecoin permits in Hong Kong, Singapore: sources
Jack Ma-backed Ant Group’s international unit is planning to apply for stablecoin licences in Singapore and Hong Kong, according to people…
Fashion
Shein and Reliance aim to sell India-made clothes abroad within a year, sources say
[MUMBAI/LONDON] Fashion retailer Shein and partner Reliance Retail plan to rapidly expand their Indian supplier base and start overseas…
News
Palestinian sources report at least 60 dead in latest Israeli attacks
Israeli attacks in the Gaza Strip have killed at least 60 people since early Saturday morning, Palestinian medical sources said. Dozens…
Business
Apple gives Tata India iPhone repair business as partnership expands: sources
Apple has brought in Tata Group to handle repairs for iPhones and MacBook devices in its fast-growing Indian market, signalling the Indian…
Business
Airbus warns airlines that delays will last three years: sources
Airbus is warning airlines that delays in deliveries will persist for another three years as it works through a backlog of supply chain…
Business
China’s answer to World Bank could open Singapore, HK offices: sources
The Asian Infrastructure Investment Bank is looking to open new offices in Hong Kong and Singapore, according to people familiar with the…