Culture
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…
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Culture
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…
Culture
Jack Ma-backed Ant to add Circle’s stablecoin to global net: sources
Jack Ma-backed Ant Group is working with Circle Internet Group to adopt its stablecoin on the Chinese fintech company’s blockchain…
Business
Palestinian sources report deaths from Israeli air attacks
Palestinian sources on Sunday reported at least 17 deaths resulting from Israeli air attacks on targets in the Gaza Strip. At least 10…
Culture
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,…
Culture
Airbus to sell more A330neo jets to Malaysia Airlines: sources
Europe’s Airbus is close to winning an order from Malaysia Aviation Group (MAG) for more A330neo long-haul jets, industry sources said on…
Culture
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…
Culture
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…
Culture
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…
Culture
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…
Culture
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…
Culture
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…
Culture
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…
Business
Exclusive-Brazil government to defend bill cutting tax breaks by 10%, says sources
By Lisandra Paraguassu and Ricardo Brito BRASILIA (Reuters) -Brazil's government is expected to back a bill proposing a 10% cut to federal…
Culture
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…
Culture
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…
Culture
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…
Culture
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…
Culture
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…
Culture
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…
Culture
US SEC’s new chief says 15% of staff have left, contract cuts to come, sources say
The new head of the US Securities and Exchange Commission told staff on Tuesday the agency has lost 15 per cent of its headcount across…
Culture
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…
Culture
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
Body handed over by Hamas is that of Shiri Bibas, Israeli sources say
The body of a woman handed over by Hamas in the Gaza Strip is that of the kidnapped hostage Shiri Bibas, the Nir Oz kibbutz confirmed…