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[BEIJING/SHANGHAI] Nvidia’s RTX6000D, its newest artificial intelligence (AI) chip tailored for the Chinese market, has seen only lukewarm demand with some major tech firms opting not to…
Global investment firms Carlyle Group and EQT, alongside regional players HongShan Capital Group and Boyu Capital, are preparing final offers for a controlling stake in Starbucks’ China…
The majority of the financing is a seven-year loan facility, which could later be refinanced in the bond market A group led by BlackRock’s Global Infrastructure Partners (GIP) unit has…
Chinese private equity firm Centurium Capital is considering selling its stake in Taibang Biologic Group, people familiar with the matter said. Centurium has been sounding out potential…
[LONDON/MOSCOW] Opec+ is set to agree to further raise oil output on Sunday (Sep 7) while probably slowing the pace of increases from October compared with recent months because of…
Chip design workers at Chinese tech giant ByteDance, many based in Beijing or Shanghai, unexpectedly found out last week that they are part of a Singapore unit, three people familiar with…
Most of the bidders seeking to buy a portion of Starbucks’ China operations have submitted offers valuing the business at as much as US$5 billion, said two people with knowledge of the…
The United States has told countries to reject a United Nations’ marine fuel emissions-cutting deal or face tariffs, visa restrictions and port levies, US and European officials and…
Singapore’s Bukom refinery has exported its first naphtha cargo in years following a longer-than-expected outage at its cracker, according to three sources with knowledge of the…
Singapore’s Aster Chemicals and Energy has declared force majeure on petrochemical supplies from its naphtha cracker on Bukom island, according to a letter seen by Reuters and…
ByteDance, the owner of short-video app TikTok, is set to launch a new employee share buyback that will value the Chinese technology giant at more than US$330 billion, driven by continued…
THE Trump administration is considering a plan to reallocate at least US$2 billion from the Chips Act to fund critical minerals projects and boost Commerce Secretary Howard Lutnick’s…
Boeing is heading closer towards finalising a deal with China to sell as many as 500 aircraft, according to people familiar with the matter, a transaction that would end a sales drought…
US Commerce Secretary Howard Lutnick is looking into the federal government taking equity stakes in computer chip manufacturers that receive Chips Act funding to build factories in the…
Nvidia is developing a new AI chip for China based on its latest Blackwell architecture that will be more powerful than the H20 model it is currently allowed to sell there, two people…
Klook, a travel booking services company, has hired investment banks to help arrange a potential initial public offering (IPO) in the US, according to two sources with knowledge of the…
US authorities have secretly placed location tracking devices in targeted shipments of advanced chips they see as being at high risk of illegal diversion to China, according to two people…
ST Telemedia (STT) is considering selling its holding in Chinese data centre operator GDS Holdings, people familiar with the situation said. The company, backed by Singapore state investor…
China told local brokers and other bodies to stop publishing research or hold seminars to promote stablecoins, seeking to rein in the asset class to avoid instability. Some leading…
Singapore-based Carro, South-east Asia’s largest used-car online marketplace, is preparing for a US initial public offering as early as 2026 that could raise up to US$500 million,…
The streaming service platform has begun discussions with global banks about a second listing in the city iyi is seeking to raise US$300 million in a Hong Kong market debut this…
Air India plans to lean on shareholder Singapore Airlines (SIA) to move some aircraft maintenance services in-house instead of outsourcing them to a state-owned company, according to…
+ agreed in principle to boost oil output by 548,000 barrels per day (bpd) in September, two Opec+ sources said on Sunday (Aug 3), as the group finishes unwinding its biggest…
Shein Group’s net income rose to over US$400 million and revenue was almost US$10 billion in the first quarter as consumers snapped up the fast-fashion retailer’s products ahead…
