Posts by Mark Darwin
Apollo, StanChart sign US$3 billion energy transition partnership
APOLLO Global Management and Standard Chartered have formed a partnership to finance infrastructure deals, renewable energy and the low-carbon transition. Apollo Clean Transition Capital, the firm’s sustainable investing platform, and the London-listed bank have committed to jointly invest up to US$3 billion, primarily through providing debt, according to a statement from Apollo seen by Bloomberg. …
Read MoreMacquarie to invest up to US$5 billion in Applied Digital data centres
Investment bank Macquarie will invest up to US$5 billion in Applied Digital’s AI data centres and will take a 15 per cent stake in the company, the Wall Street Journal reported on Tuesday (Jan 14). Shares of the data centre operator jumped over 20 per cent in pre-market trading. Macquarie’s asset-management arm agreed to invest…
Read MoreMalaysia’s Yinson secures deal with investors including Abu Dhabi for US$1 billion funding
MALAYSIAN energy infrastructure firm Yinson Holdings said it has signed an agreement with a consortium of investors for a funding round in its unit that makes vessels used by the offshore oil and gas industry. Yinson Production Offshore will issue US$1 billion in redeemable convertible preferred shares and 10 per cent warrants to Abu Dhabi…
Read MoreMitsubishi Corp quits China metal trading after copper fraud
Japanese conglomerate Mitsubishi Corp plans to shutter its Chinese metal trading business after suspected fraud by one of its copper traders led to a more than US$90 million loss. The company will stop buying and selling refined metals and mineral resources in the Chinese spot market and will no longer provide related services for local…
Read More65 Equity Partners’ part in TalkMed offer is at odds with core
With its mandate to support companies eyeing an SGX listing, encouraging the medical group’s delisting is a bad look TALKMED Group late last year received a privatisation proposal from oncology-focused group Tamarind Health. But there was a curious player tagging along in the deal – Singapore-based global investment firm 65 Equity Partners. As part of…
Read MoreNvidia CEO tours China during Beijing antitrust probe, AI curbs
NVIDIA chief Jensen Huang is embarking on a trip to China this week, visiting major cities at a time Beijing is investigating his company’s domestic presence and Washington is slapping new curbs on the sale of its artificial intelligence (AI) chips abroad. The Nvidia chief executive officer is due to arrive in Shenzhen for employees’…
Read MoreTech supplier Arm plans to hike prices, has considered developing its own chips
ARM Holdings, a technology supplier to chip firms, is developing a long-term strategy to hike prices by as much as 300 per cent and has discussed designing its own chips in a move to compete with its biggest customers. For decades, the British firm kept a low profile while operating at the heart of billions…
Read MoreRisk of TikTok ban has users rushing to download two other Chinese-made apps
A PAIR of Chinese-made social apps, Xiaohongshu and Lemon8, have taken over the top two positions on Apple’s iPhone download charts in the US as users seek out alternatives to TikTok ahead of an imminent ban. ByteDance’s TikTok faces a deadline of Jan 19 to find a US buyer in order to continue operating in…
Read MoreChina discusses sale of TikTok US to Elon Musk as one possible option
CHINESE officials are evaluating a potential option that involves Elon Musk acquiring the US operations of TikTok if the company fails to fend off a controversial ban on the short-video app, according to sources familiar with the matter. Beijing officials strongly prefer that TikTok remains under the ownership of parent ByteDance, the sources say, and…
Read MoreRobinhood to pay US$45 million to settle SEC charges over record keeping, other violations
ONLINE trading firm Robinhood Markets has agreed to pay US$45 million to settle US Securities and Exchange Commission (SEC) charges over record keeping, trade reporting and other rule violations, the regulator said on Monday (Jan 13). Regulators found Robinhood Securities and Robinhood Financial violated numerous requirements such as accurately reporting trading activity; filing timely reports…
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