HONG KONG (BLOOMBERG) – DBS Group Holdings, UOB and Standard Chartered Bank are among the lenders planning to bid for Citigroup consumer banking assets in …
Tesla shifting to cheaper batteries tried in China as material prices soar
DETROIT (BLOOMBERG) – Tesla says it is shifting to cheaper lithium iron phosphate (LFP) batteries globally, a move away from the chemistry used to power …
Tesla ordered to pay worker $185.9 million for racism at plant
NEW YORK (BLOOMBERG) – Tesla lost a trial with a black former elevator operator and must pay him US$137 million (S$185.9 million) for having turned …
Shell sells giant US oilfield for $12.8 billion in move to cleaner energy
HOUSTON (NYTIMES) – Royal Dutch Shell on Monday sold its oil and gas production in the Permian Basin, the biggest American oil field, to ConocoPhillips …
Singtel joint venture to sell 4,000 telco towers in Indonesia for $580 million
SINGAPORE (THE BUSINESS TIMES) – Singtel said its joint-venture company, Telekomunikasi Selular (Telkomsel) has entered into a sale-and-purchase agreement for the sale of 4,000 telecommunication …
Malaysia’s Carsome eyes US IPO as it hits $1.75 billion valuation
SINGAPORE (REUTERS) – South-east Asian used-car marketplace Carsome Group said it has raised US$170 million (S$228.6 million) in a funding round from investors including Taiwanese …
GIC-backed Klarna bets on further growth as US gives boost to transactions value
STOCKHOLM (REUTERS) – Swedish payments firm Klarna said on Wednesday (Aug 25) it would continue to enter new markets, as it reported a jump in …
NextPlay Technologies Enters into Agreement to Acquire Crypto Technology from Token IQ to Enhance Fintech and ICO Portal Offerings
SUNRISE, FL, Aug 25, 2021 – (ACN Newswire via SEAPRWire.com) – via NewMediaWire – NextPlay Technologies, Inc. (Nasdaq: NXTP), a digital business ecosystem for digital …
NextPlay Technologies Enters into Agreement to Acquire AI-Powered Video Game Development Technology from Fighter Base Publishing, Inc.
SUNRISE, FL, Aug 23, 2021 – (ACN Newswire via SEAPRWire.com) – via NewMediaWire – NextPlay Technologies, Inc. (Nasdaq: NXTP), a digital business ecosystem for digital …
Myanmar arrests two more journalists as post-coup media crackdown continues
YANGON (REUTERS) – Myanmar’s military government has arrested two more local journalists, the army-owned television reported on Saturday (Aug 21), in the latest in a …
AHEAD to Support Decarbonization at Petroleum Refineries Through MCH Hydrogen Supply Chain from Brunei
TOKYO, Aug 10, 2021 – (JCN Newswire via SEAPRWire.com) – Chiyoda Corporation, Mitsubishi Corporation, Mitsui & Co., Ltd. and Nippon Yusen Kabushiki Kaisha (hereinafter “the …
Robinhood, gateway to ‘meme’ stocks, raises $2.85 billion in IPO: Source
NEW YORK (REUTERS) – Robinhood Markets, the owner of the trading app which emerged as the go-to destination for retail investors speculating on this year’s …
Singapore’s Ninja Van ‘a year away’ from IPO: CEO
SINGAPORE (THE BUSINESS TIMES) – E-commerce logistics player Ninja Van may pursue an initial public offering (IPO) in the US as early as next year. …
Central Global Continues with Proactive Business Sustainability Measures Despite Lockdown
KUALA LUMPUR, Jul 23, 2021 – (ACN Newswire via SEAPRWire.com) – Central Global Berhad (“Central Global” or “Group”), a producer of industrial masking tapes and …
Australia’s Star scraps $9 billion bid for Crown Resorts
SYDNEY (REUTERS) – Star Entertainment Group said it has withdrawn its all-stock proposed takeover of larger rival Crown Resorts, valued at A$9 billion (S$9 billion), …
Ben & Jerry’s to stop ice cream sales in occupied Palestinian territories
NEW YORK (AFP) – American ice cream-maker Ben & Jerry’s announced on Monday (July 19) they would stop selling their ice cream in the occupied …
GIC-backed Bukalapak hikes IPO target to over $1.35 billion on strong demand: Sources
SINGAPORE (REUTERS) – Indonesian e-commerce firm Bukalapak is targeting raising more than US$1 billion (S$1.35 billion) in its IPO, 25 per cent more than previously …
E-commerce giant Suning.com gets $1.8 billion bailout from state fund, Alibaba
BEIJING (BLOOMBERG) – Chinese billionaire Zhang Jindong has received a US$1.36 billion (S$1.8 billion) state-backed bailout of the troubled retail arm of his Suning empire, …
Sydney Airport gets $22.3 billion takeover bid
SYDNEY (BLOOMBERG) – Sydney Airport received a A$22.3 billion (S$22.3 billion) takeover offer from a group including IFM Investors, in one of the boldest bets …
GIC-backed clinical trial firm WCG reveals revenue jump in IPO filing
BENGALURU (REUTERS) – WCG Clinical, a clinical trial solutions company backed by Singapore’s sovereign wealth fund GIC, filed for an initial public offering (IPO) in …