Culture
How typhoons can delay big IPOs like Zijin Gold’s US$3.2 billion deal in Hong Kong
[HONG KONG] One could be forgiven to question how a storm could delay one of the world’s biggest deals in a sophisticated financial centre like Hong Kong. Well, it...
Heineken to buy Fifco businesses for US$3.2 billion in Central America push
The deal will enable Heineken to enter “new profit pools” across Central America, says chief executive Dolf van den Brink[SAN JOSE] Dutch brewer Heineken will buy the beverage and...
Thai central bank wants to avoid side effects from steps to constrain baht, official says
[BANGKOK] Thailand’s central bank wants to avoid unintended consequences from any measures such as a tax on gold trading that it takes to curb the baht’s strength, a senior...
Huawei plans three-year campaign to overtake Nvidia in AI chips
[BEIJING] Huawei Technologies openly admits its silicon cannot match Nvidia’s in raw power and speed. So to pack the same punch, China’s national champion is counting on its traditional...
KKR holds first Asia board meeting in Tokyo, as Japan leads firm’s regional growth
[HONG KONG] New York-headquartered KKR is holding its first board meeting in Asia this week in Tokyo, a spokesperson for the firm said on Tuesday (Sep 23), underscoring how...
Asia: Markets struggle as focus turns to US inflation
ASIAN markets struggled on Tuesday to track another record day on Wall Street, with traders now awaiting the release of US inflation data that could dictate Federal Reserve policy...
Malaysian top stock Gamuda seen rising to record on growth
The company is confident of maintaining its order book target of RM40 billion to RM45 billion by the end of 2025[SINGAPORE] Optimism that Malaysian infrastructure firm Gamuda is set...
Google fights breakup of ad tech business in US court
GOOGLE faced a fresh federal court test on Monday as US government lawyers asked a judge to order the breakup of the search engine giant’s ad technology business.The lawsuit...
Oil dips as Iraq exports rise amid demand concerns
[HOUSTON] Oil prices settled marginally lower on Monday as concerns of an oversupply outweighed geopolitical tensions in Russia and the Middle East.Brent crude oil futures settled 11 cents, or 0.2 per cent,...
Nvidia to invest US$100 billion in OpenAI
The partnership comes as competition intensifies among technology giants and startups to secure access to energy and chips needed for AI growth[NEW YORK] Chipmaker Nvidia plans to invest up...
