Trafigura acquires warehousing firm Grafton’s Singapore business
Trafigura Group has acquired a metals warehousing firm with sizable operations in Singapore, as a mountain of surplus inventory in the Asian logistics hub opens up lucrative trading…
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Chinese data centre firm GDS aims to raise over US$1 billion for international unit DayOne: sources
GDS is aiming to build up DayOne into an independently run and separately listed unit in the mid to long term GDS Holdings, one of China’s largest data centre operators, is seeking to…
US weighs ban on Hong Kong tycoon Richard Li’s phone firm PCCW as China tensions rise
The move shows the US is widening its national security focus to include Hong Kong firms once seen as neutral The US took steps to block one of Hong Kong’s largest phone companies from…
After an oil spill, Trump officials back a Texas firm to expand drilling off California’s coast
When the corroded pipeline burst in 2015, inky crude spread along the Southern California coast, becoming the state’s worst oil spill in decades. More than 140,000 gallons (3,300 barrels)…
Temasek-backed US fintech firm iCapital to expand Singapore, Hong Kong operations
It also plans to open its first office in Australia to ride the wave of rising demand for alternative assets iCapital, a Temasek-backed fintech platform focusing on alternative…
Global EV sales hit record 2.1 million in September: research firm
GLOBAL sales of fully electric and plug-in hybrid vehicles rose 26 per cent in September from a year ago to a record 2.1 million units, driven by strong demand in China and a late US…
Wall Covering Firm Backdrop’s Fresh Spin on Schumacher’s Archives
Is Backdrop Schumacher’s rebellious little sister? Backdrop cofounder and creative director Natalie Ebel said that description sounds pretty accurate. “We’re really playful,” she told WWD.…
Megaspeed, Singapore firm at centre of US Nvidia chip probe, goes dark
The streets outside the Central Business District were bustling with the lunchtime crowd. But on the seventh floor of Ocean Financial Centre, one office stood out for its silence. A…
Pope Leo urges news agencies to stand firm against the ‘ancient art of lying’
Pope Leo XIV encouraged international news agencies on Thursday to stand firm as a bulwark against the “ancient art of lying” and manipulation, as he strongly backed a free, independent…
GIC, Carlyle-backed chemicals firm Nouryon shelves US$5.8 billion loan amid investor unease
Moody’s cuts Nouryon’s Q4 estimates amid macro uncertainty and weak demand in construction markets Speciality chemicals producer Nouryon has withdrawn a dual-currency leveraged loan deal…
Gold poised for eighth weekly rise on firm safe-haven demand
The non-yielding asset, traditionally considered a hedge during geopolitical and economic uncertainty, has gained about 52% this year Gold edged higher on Friday (Oct 10) and headed for…
Chinese 450 billion yuan optics firm Innolight weighs Hong Kong listing: sources
Zhongji Innolight, a Chinese maker of optical communication modules and devices, is considering a listing in Hong Kong, according to people familiar with the matter. The Shandong-based…
Ikea buys US logistics tech firm Locus in online growth push
[LONDON/STOCKHOLM] Ikea has acquired US logistics technology firm Locus, the two companies said on Tuesday (Oct 7), a deal the Swedish furniture retailer said would make its deliveries to…
AEM denies allegations of patent infringement from US semiconductor firm; shares close 8.8% lower
Separately, DBS Group Research has raised its target price for AEM, citing its tech edge and the semiconductor sector’s growth trajectory as long-term tailwinds AEM has denied allegations…
Global investment firm Arena Investors to shut Singapore office
Global multi-strategy investment firm Arena Investors is shutting its Singapore office and seeking to reallocate resources elsewhere, according to sources familiar with the matter. The…
China approves Japan's Mizuho to set up securities firm in Beijing
Mizuho joins a growing list of global financial institutions allowed to wholly own securities branches in China China’s securities regulator on Tuesday (Sep 30) gave the green light for…
Alsara Investment Group Takes a Stake in Italian Design Firm Giorgetti, Eyes Further Investments
MILAN — Rachid Mohamed Rachid’s Alsara Investment Group has made a key acquisition in the world of Italian design, and this may just be the beginning. On Thursday, Iuxury Italian furniture…
Singapore firm rejects US$1 billion Sri Lankan pollution damages
Tonnes of microplastic granules from the ship have inundated an 80-kilometre stretch of beach along Sri Lanka’s western coast A Singapore shipping company said on Tuesday (Sep 23) that it…
Publicity Firm MPRM Sues 42West for Raiding Leadership Team and Taking Clients
Mark Pogachefsky has been planning to retire — but not like this. The veteran indie film publicist, and president of MPRM Communications, was working on a deal to sell the company to its…
Gold holds firm near record high as markets eye Fed policy signals
Gold held firm near a record high on Monday (Sep 22) as investors awaited US inflation data and a slew of Federal Reserve speakers this week for additional policy cues after the central…
Global EV sales growth slows to 15% in August, research firm says
GLOBAL sales of fully electric and plug-in hybrid vehicles grew 15 per cent in August from a year ago, marking the slowest rate since January and reflecting tougher comparatives, market…
EXCLUSIVE: French Interior Design Firm Liaigre’s First Branded Residences Will Open With Capella Hotels and Resorts in Florence
MILAN — Liaigre’s timeless elegance has enhanced the allure of landmark hospitality projects around the world: The Mercer hotel in New York, the Sereno in the Caribbean island of St.…
US: Wall St opens higher after inflation data keeps rate cut bets firm
Wall Street’s main indexes opened slightly higher on Thursday (Sep 11) after the latest inflation reading kept the US central bank on track to deliver an interest rate cut later this…
Klarna IPO: Stock price will be closely watched today as the Swedish BNPL firm makes its market debut
Today, one of the most closely watched fintech initial public offerings of the year takes place. Shares of the buy now, pay later (BNPL) juggernaut Klarna Group make their stock market…