Business
ADIA, GIC in talks to acquire Pye-Barker Fire & Safety minority stake: sources
The Abu Dhabi Investment Authority (ADIA) and Singapore’s GIC are in advanced talks to acquire a minority stake in Pye-Barker Fire &…
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Business
Musk’s SpaceX preparing to launch tender offer in Dec at US$135/share: sources
Elon Musk’s SpaceX is preparing to launch a tender offer in December to sell existing shares at a price of US$135 per share, two sources…
Business
DBS nominates Rajat Verma to be next India CEO: sources
DBS’ India unit has nominated its head of institutional banking, Rajat Verma, to be its new CEO, two people familiar with the matter said.…
Business
Amazon developing driver eyeglasses to shave seconds off deliveries: sources
AMAZON is developing smart eyeglasses for its delivery drivers to guide them to, around and within buildings, as it tries to smooth the…
Business
Thai panel picks government’s candidate for central bank board chair: govt sources
A THAI panel on Monday (Nov 11) picked ruling party loyalist and former Finance Minister Kittiratt na Ranong to chair the central bank’s…
Business
Toyota aims to ramp up China production in a strategy pivot: sources
TOYOTA aims to make at least 2.5 million vehicles a year in China by 2030, three sources said, an overhaul that will see it bring its…
Business
Singapore's DBS eyes Malaysian bank stakes in expansion push, sources say
SINGAPORE’S biggest lender DBS is exploring expanding into Malaysia with potential acquisitions of stakes in banks in its Southeast Asian…
Business
DBS eyes Malaysian bank stakes in expansion push: sources
SINGAPORE’S biggest lender DBS is exploring expanding into Malaysia with potential acquisitions of stakes in banks in its Southeast Asian…
Business
Delivery Hero’s Talabat to launch over US$1 billion Dubai IPO next week: sources
TALABAT, the Middle East business of Delivery Hero, plans to launch its Dubai initial public offering next week, three people familiar…
Business
Pierre Cardin to be hit with EU antitrust fine for cross-border sales curbs: sources
FRENCH fashion house Pierre Cardin is set to be fined in the coming weeks for licensing and distribution deals with German clothing maker…
Business
BlackRock in talks to buy minority stake in Millennium: sources
BLACKROCK is in early-stage talks with Millennium Management about a strategic tie-up that could involve acquiring a minority stake in the…
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Boeing, Airbus to share Taiwan’s China Airlines passenger jet order: sources
TAIWAN’S China Airlines is nearing a decision to split a multi-billion US dollar order for long-distance passenger jets between Airbus and…
Business
China’s Nio plans to sell its first hybrid car overseas only: sources
CHINESE electric vehicle (EV) maker Nio is planning to launch its first hybrid model in 2026 and will only sell it in overseas markets,…
Business
Blackstone in advanced talks to acquire shopping centre owner Retail Opportunity: sources
BLACKSTONE is in advanced talks to acquire Retail Opportunity Investments Corp (Roic), which owns US shopping centres and has a market…