Business
ExxonMobil considering sale of Singapore petrol stations for US$1 billion: sources
THE largest bloc of petrol stations in Singapore may soon hit the market. US energy major ExxonMobil – which is believed to have 59 petrol…
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China's Meituan to expand Keeta food delivery service to more Middle East cities, sources say
Chinese food delivery giant Meituan, which operates the Keeta brand in Hong Kong and Saudi Arabia, is set to expand to more Middle Eastern…
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Nissan to cut or transfer about 1,000 jobs in Thailand: sources
NISSAN Motor will cut or transfer about 1,000 jobs in Thailand as it shrinks production in South-east Asia, part of its recently announced…
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Kioxia market value set at 750 billion yen, Japan chipmaker to receive listing approval: sources
BAIN-BACKED Kioxia will have a market value of about 750 billion yen (S$6.5 billion) based on the indicative price for its initial public…
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DBS nominates Rajat Verma to be next India CEO: sources
DBS’ India unit has nominated its head of institutional banking, Rajat Verma, to be its new CEO, two people familiar with the matter said.…
Business
Amazon developing driver eyeglasses to shave seconds off deliveries: sources
AMAZON is developing smart eyeglasses for its delivery drivers to guide them to, around and within buildings, as it tries to smooth the…
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Toyota aims to ramp up China production in a strategy pivot: sources
TOYOTA aims to make at least 2.5 million vehicles a year in China by 2030, three sources said, an overhaul that will see it bring its…
Business
Singapore's DBS eyes Malaysian bank stakes in expansion push, sources say
SINGAPORE’S biggest lender DBS is exploring expanding into Malaysia with potential acquisitions of stakes in banks in its Southeast Asian…
Business
Delivery Hero’s Talabat to launch over US$1 billion Dubai IPO next week: sources
TALABAT, the Middle East business of Delivery Hero, plans to launch its Dubai initial public offering next week, three people familiar…
Business
Pierre Cardin to be hit with EU antitrust fine for cross-border sales curbs: sources
FRENCH fashion house Pierre Cardin is set to be fined in the coming weeks for licensing and distribution deals with German clothing maker…
Business
China’s Nio plans to sell its first hybrid car overseas only: sources
CHINESE electric vehicle (EV) maker Nio is planning to launch its first hybrid model in 2026 and will only sell it in overseas markets,…
Business
Trafigura facing US$1.1 billion hit in Mongolia after fraud probe: sources
Trafigura Group is preparing to take a US$1.1 billion hit after discovering what it suspects was fraud involving employees in its…
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PetroChina set to shut top north China refinery in 2025: sources
PETROCHINA is set to shut its largest refinery in north China’s Dalian around mid-2025, marking the first major closure at a state-run oil…
Business
Allianz weighs options for AllianzGI unit: sources
ALLIANZ is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four…
Business
Self-driving startup Pony.ai plans to publicly file for US IPO: sources
It develops and operates self-driving fleets in the US and China, and manages vehicles which include trucks and robotaxis AUTONOMOUS…
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Ericsson gets new 5G contract from India's Bharti Airtel: sources
Its revenue next year may receive a boost, after a decline in India contracts in the first half of 2024 SWEDISH telecommunications gear…
Business
ByteDance cuts over 700 jobs in Malaysia in shift towards AI moderation: sources
CHINA’S ByteDance, the parent of social media platform TikTok, has laid off more than 700 workers from its Malaysian unit as the company…
Business
BP drops oil output reduction target in strategy reset: sources
BP HAS abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm’s energy transition strategy to…
Business
LME to approve Hong Kong for warehousing by end-2024: sources
THE London Metal Exchange (LME) is set to approve the expansion of its global metals warehousing network into Hong Kong before the end of…
Business
UBS in talks to form Indian minority-owned wealth joint venture, sources say
This may be the second country in the Asia-Pacific region where UBS enters an equity partnership with a local player UBS has been in talks…
Business
Medco Energi in talks to buy controlling stake in Senoko: sources
Medco Energi Internasional is in exclusive talks to buy a controlling stake in Senoko Energy, according to people with knowledge of the…
Business
RBC bankers fear layoffs as pledge to keep HSBC staff nears end: sources
SOME Royal Bank of Canada (RBC) employees who joined when the bank acquired HSBC Canada worry they could lose their jobs when RBC’s…