China is snapping up overseas assets again, from Puma to metals
The turnaround is gathering momentum after a prolonged lull that began in the mid to late 2010s After Beijing slammed them shut about a decade ago, the gates have flung open again for…
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South Korea’s ETF boom puts assets on track to overtake Taiwan
The two tech-heavy Asian markets have been a focal point in recent years, thanks to a global frenzy sparked by the rise of AI In yet another sign of the South Korean market’s…
Bitcoin drops below US$86,000 as traders retreat from risk assets
Bitcoin dropped below US$86,000 for the first time in about six weeks amid a pullback in risk assets. The largest cryptocurrency slipped as much as 4.7 per cent to US$85,105, the…
How Europe could ‘weaponise’ US$10 trillion of US assets over Greenland
The most tangible reaction from the EU so far has been a proposal to halt approval of its July trade deal with America As Europe considers how best to respond to US President Donald…
Mitsubishi to buy Texas, Louisiana shale gas assets for US$7.5 billion
This will give it a substantial natural gas operation near the US Gulf Coast and the energy export facilities developed there Japanese trading house Mitsubishi will buy the US shale…
JPMorgan, Brookfield see deals revival for clean energy assets
The IEA forecasts renewable energy, particularly solar, to grow faster than any other major source of electricity generation to 2035 Clean energy projects are poised for a revival in…
Guinness-owner Diageo is said to weigh options for China assets including sale
The company is trimming global holdings as falling alcohol use hurts efforts to push pricier drinks Diageo is considering options for its Chinese assets, including potential divestments,…
TotalEnergies sues Charge+ over sale of EV charging assets
The defendant says it refused to proceed with the deal because BlueSG – which accounted for more than 95% of the claimant’s revenue – was alleged to not be a going concern TotalEnergies…
LG Energy Solution unit to sell US$2.86 billion US factory assets to Honda
This excludes land and equipment, and is meant to ‘improve joint venture operational efficiency’ South Korea’s LG Energy Solution (LGES) said on Wednesday (Dec 24) that its unit is selling…
Hongkong Land should do a Reit not a private fund with its prime Singapore office assets
Hongkong Land Holdings is pressing ahead with growth in fund management. The 136-year-old property group said recently that it has made significant advancements towards launching its first…
Pat McGrath Labs’ Assets Marketed for Sale
After years of speculation over the future of Dame Pat McGrath’s eponymous makeup brand Pat McGrath Labs, its assets are being marketed for sale, according to industry sources. Hilco…
ESR-Reit sells 8 Singapore assets to Brookfield for S$338m; sale would trim distribution
The move is part of Reit’s strategy to offload non-core assets, particularly those suffering lease decay The manager of ESR Real Estate Investment Trust (ESR-Reit) on Monday (Dec 15) has…
Pakistan to allow Binance to explore ‘tokenisation’ of up to US$2 billion of assets
The move comes as other countries expand formal licensing rules for crypto exchanges amid broader global regulatory tightening Pakistan has signed a memorandum of understanding with crypto…
Warburg-backed ESR weighs sale of some China assets: sources
The logistics and industrial property investor plans to appoint advisers to help it review options for the sale Singapore-headquartered ESR Group - the sponsor for ESR Reit - is…
‘Lost their life savings’: Tokenize Xchange users sue founder and wife for over S$60 million in lost crypto assets
The firm owes its customers about S$266.3 million but has only S$2.6 million in realisable assets, interim judicial manager report reveals More than 200 former customers of the now-defunct…
Bank of Singapore to invest in hiring, tech to boost assets, CEO says
Bank of Singapore (BOS) plans more investment in hiring and technology as it aims to climb into Asia’s top five private banks within five years after assets under management rose nearly 20…
Indonesia’s US$52 billion fund to invest 5% of assets abroad
The plan marks a key shift for BPJS TK has outgrown Indonesia’s shallow capital markets Indonesia’s largest social security fund is poised to invest as much as 5 per cent of its nearly…
IOI Properties eyes Reit listings in Malaysia, Singapore, with assets of US$8 billion
Malaysia’s IOI Properties Group is exploring two real estate investment trust listings in Malaysia and Singapore, with a combined asset value of up to US$8 billion, two sources with…
YZJ Financial right to spin off maritime assets
After birthing YZJ Maritime, YZJ Financial could move more aggressively in interesting new directions If you have ever mistaken Yanzijiang (YZJ) Financial for YZJ Shipbuilding while…
India freezes over 75 billion rupees in assets tied to Anil Ambani in bank fraud probe
India’s top financial crimes agency said it had seized properties worth over US$846 million from firms linked to beleaguered tycoon Anil Ambani as part of a bank fraud probe. Anil, the…
Eni, Petronas merge Indonesia, Malaysia assets in joint venture
The new entity, NewCo, will manage 19 assets, 14 in Indonesia and five in Malaysia Italy’s Eni and Malaysia’s state energy company Petronas said on Monday (Nov 3) they had signed a binding…
Mapletree Industrial Trust to divest up to S$600 million of assets over next two years
The manager of Mapletree Industrial Trust (MIT) plans to divest between S$500 million and S$600 million worth of assets over the next two years, with a focus on its North American…
Nomura asset’s new Japan retirement help team is run by retirees
Among the risks that investors in the country face are demographic trends such as shrinking birthrates, an ageing population and longer expected lifespans Nomura Asset Management asked…
JPMorgan seeks to double Asia assets to US$600 billion by 2030
The company has managed US$302 billion in the region at the end of 2024, according to its financial filing JPMorgan Asset Management wants to double its Asia-Pacific assets under…