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…
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Business
India’s central bank seeks approval for overseas rupee lending: sources
India’s central bank is taking another step to internationalise the rupee, seeking approval to allow domestic banks to lend the currency…
Business
Saudi Aramco considers asset sales to free up funds: sources
Saudi state oil giant Aramco is exploring potential asset sales to free up funds, two people with knowledge of the matter said, as it…
Business
Nvidia to launch cheaper Blackwell AI chip for China after US export curbs: sources
[BEIJING/TAIPEI] Nvidia will launch a new artificial intelligence (AI) chipset for China at a significantly lower price than its recently…
Business
Foxconn among potential bidders for Singapore chip assembly firm UTAC in US$3 billion deal: sources
Taiwan’s Foxconn is among potential bidders for the Singaporean semiconductor assembly and testing business UTAC Holdings in a deal that…
Business
OnlyFans owner in talks to sell to investor group at about US$8 billion value: sources
OnlyFans owner Fenix International is in talks to sell the porn-driven company to an investor group at a valuation of around US$8 billion,…
Business
Former central bank deputy governor to head Bank of China: sources
China will appoint financial veteran Liu Guiping as chairman of Bank of China (BOC), the nation’s fourth-largest state-owned bank, two…
Business
Some China companies eyeing Singapore listings to expand markets amid trade war: sources
AT LEAST five companies from mainland China or Hong Kong are planning IPOs, dual listings, or share placements in Singapore in the next 12…
News
Palestinian sources: Over 50 killed in Israel's new Gaza offensive
More than 50 people have been killed since Israel launched its new offensive in the Gaza Strip overnight, Palestinian sources said on…
Fashion
Shein to set up huge Vietnam warehouse in US tariff hedge: sources
[HANOI, SHANGHAI] Fast-fashion online retailer Shein is leasing a huge warehouse in Vietnam, two people familiar with the deal told…
Business
China’s CATL set to price shares at HK$263 each in US$4.6 billion Hong Kong listing: sources
Chinese battery maker CATL is set to price its shares at HK$263 each and increase the size of the company’s Hong Kong listing, according…
Business
Bain Capital to sell China data centre business likely valued at over US$4 billion: sources
US investment firm Bain Capital is seeking to sell the China business of data centre operator WinTriX DC Group, in a deal that could value…
Business
Grab looks to strike a deal to acquire Indonesia’s GoTo in Q2: sources
[SINGAPORE,HONG KONG] US-listed ride-hailing and food delivery firm Grab is looking to strike a deal to take over smaller Indonesian rival…
Business
Japan’s SMBC is closer to acquiring 51% stake in India’s Yes Bank: sources
Sumitomo Mitsui Banking Corp (SMBC) is close to agreement on acquiring a stake in Yes Bank, with the Japanese firm eyeing a majority 51…
Business
Chinese sovereign fund CIC to sell US$1 billion of US private equity investments: sources
Chinese sovereign investor China Investment Corporation (CIC) is selling about US$1 billion of its private equity (PE) investment…
Business
Aster Chemicals to bid for Exxon Mobil's Singapore fuel stations, sources say
Aster Chemicals and Energy, the new operator of the Bukom refining complex, is planning to bid for ExxonMobil’s petrol stations in…
Business
Cars didn’t arrive after months – so Singapore dealer for China EV brand Neta closed: sources
The abrupt closure of Evology Automobile – the dealer/distributor for China automotive brand Neta – earlier this month happened because…
Unsorted
PSA weighs selling 20% stake in CK Hutchison’s ports business: sources
International is exploring the sale of its 20 per cent stake in CK Hutchison’s ports business, two people with knowledge of the matter…
Business
Huawei readies new AI chip for mass shipment as China seeks Nvidia alternatives: sources
[SINGAPORE/BEIJING] Huawei Technologies plans to begin mass shipments of its advanced 910C artificial intelligence chip to Chinese…
Business
Tesla to delay US launch of affordable EV, a lower-cost Model Y: sources
Tesla’s long-awaited plans for an affordable car include a US-made, stripped-down version of its best-selling electric SUV, the Model Y,…
Business
Shein gains UK approval for London IPO, awaits China nod: sources
Online fast-fashion retailer Shein has secured approval from Britain’s Financial Conduct Authority (FCA) for its planned initial public…
Business
Authentic Luxury Group Eyeing John Elliott Acquisition: Sources
Authentic Luxury Group is on the verge of making its first acquisition. Last October, Saks Global, owner of Saks Fifth Avenue and Neiman…
Business
Morgan Stanley raising about US$680 million for Japan real estate fund: sources
Morgan Stanley is raising about 100 billion yen (S$910.8 million) for a Japan-focused real estate fund, two people familiar with the…
Business
MAS tells fintech platforms to communicate underlying products in investment accounts clearly: sources
Consumers should be clear that a fintech platform that offers underlying banking products does not equate to it being a bank [Singapore]…