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CHINESE billionaire Li Shufu’s Zhejiang Geely Holding Group is in talks with banks for a syndicated loan to refinance borrowings related to its acquisition of a stake in Volvo in 2018,…
SHARES of UOB and OCBC leapt to levels never seen before, with both lenders surpassing street consensus estimates in their third-quarter net profit figures released Friday (Nov 8). As at…
UOB’s net profit for the third quarter ended September 2024 rose 16 per cent year on year to S$1.61 billion, from S$1.38 billion the year before. Its results released Friday (Nov 8) beat…
UOB’S net profit for the third quarter ended September rose 16 per cent year on year to S$1.61 billion, from S$1.38 billion the year before. Its results released on Friday (Nov 8) beat the…
MARITIME vessel maker Yangzijiang Shipbuilding said that it has secured US$11.6 billion of order wins in the year to date. This exceeds its target of US$4.5 billion for the 2024 financial…
BLACKROCK is setting up a private credit loan fund that will allow it to raise as much as US$1.3 billion it can distribute to existing investors, people with knowledge of the matter said.…
HYPERMARKET chain operator Lulu Retail Holdings’s US$1.72 billion Abu Dhabi initial public offering drew orders worth US$37 billion, including from global investors Vanguard Group and…
CAPITALAND Investment (CLI) reported S$2.1 billion in total revenue for the year to date (YTD) ended September, representing a slight improvement from S$2.09 billion in the prior year. In…
UK-based Anglo-American said on Monday (Nov 4) that it will sell its minority stake in a joint venture that owns a 70 per cent interest in the Jellinbah East and Lake Vermont steelmaking…
Amazon founder Jeff Bezos has sold over $3 billion in Amazon shares this week, according to a regulatory filing disclosed on Friday. This brings his total Amazon stock sales for 2024 to…
Trafigura Group is a giant of commodity trading. On any given day, it handles enough oil to supply the entire needs of France three times over. Its global reach stretches from US crude oil…
CHEVRON indicated potential US job cuts as part of a new cost-cutting plan. The US$3 billion in targeted “structural” cost savings will come from asset sales, the use of new technology and…
CITY Developments Ltd (CDL), together with its partner in China, Lianfa Group, have been awarded the tender for a mixed-use development site in the Xintiandi area of Shanghai’s Huangpu…
SAUDI Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has signed five Memorandums of Understanding (MoU) with Japanese financial institutions worth up to an overall US$51…
Trafigura Group is preparing to take a US$1.1 billion hit after discovering what it suspects was fraud involving employees in its Mongolian oil business, according to people familiar with…
Starbucks’ new chief executive Brian Niccol is facing a key test: convincing investors he’s worth the US$21 billion in market value the coffee chain notched after his appointment. On…
Siemens reached an agreement to buy software maker Altair Engineering for US$10 billion including debt in its largest-ever acquisition. The German engineering group will pay Altair…
BYD notched up another win over Tesla on Wednesday (Oct 30), reporting quarterly revenue that beat Elon Musk’s carmaker for the first time since the pair have gone head to head in global…
BYD notched up another win over Tesla on Wednesday (Oct 30), reporting quarterly revenue that beat Elon Musk’s carmaker for the first time since the pair have gone head to head in global…
FINTECH company Airwallex is in talks with investors to raise about US$200 million in a new funding round to finance its growth, according to people familiar with the matter. The Tencent…
STANDARD Chartered vowed to return at least US$8 billion to investors by 2026 as it reported better-than-estimated third-quarter earnings on its wealth business and markets trading. The…
HSBC Holdings announced a fresh multi-billion US dollar stock buyback as it reported better-than-estimated earnings days after unveiling a major restructuring of its business. Europe’s…
SHARES of Nippon Paint surged following its announcement of a deal to acquire a US-based chemicals formulator. The stock price for the Japanese firm gained as much as 23.6 per cent on…
MOBILE network operator M1 is acquiring a 70 per cent stake in Vietnam-based IT solutions provider, ADG National Investment and Technology Development, for a total purchase consideration…
