Leadership
Shein faces investor pressure to slash valuation to US$30 billion: sources
FAST-fashion retailer Shein is under pressure to cut its valuation to about US$30 billion, according to people familiar with the matter, having in the past been valued at more...
Bain Capital ends acquisition battle with KKR for Fuji Soft
US private equity firm Bain Capital said on Monday (Feb 17) it will not launch a tender offer for Fuji Soft, formally ending a takeover battle with rival KKR...
Indonesia’s INA, Japan’s DBJ launch hybrid fund for mid-sized businesses
Indonesia has emerged as a crucial market for several Japanese financial institutions in South-east Asia to expand their businesses in the countryINDONESIA Investment Authority (INA), the country’s first sovereign...
Gold gains as investors eye Trump tariff moves
GOLD prices edged higher on Monday (Feb 17) after falling more than 1 per cent in the previous session as market participants awaited more insights on US President Donald...
China slows rather than halts copper smelting’s breakneck growth
THE Chinese government is getting serious about constraining the blind expansion of copper smelters, although its new policy is likely to pause rather than stop development.Eleven ministries signed an...
Keppel DC Reit divests German data centre for 50 million euros
KEPPEL DC Reit is divesting Kelsterbach Data Centre in Frankfurt, Germany, for 50 million euros (S$70.6 million). On Monday (Feb 17), the real estate investment trust’s (Reit) manager said...
Xi-Jack Ma chat seen as next catalyst for blistering China rally
A POTENTIAL encounter this week between President Xi Jinping and e-commerce icon Jack Ma, coming after a blistering run by tech shares, could be the next catalyst to extend...
Westpac posts higher quarterly profit as loan volumes grow, late repayments decline
AUSTRALIA’S Westpac posted a rise in its first-quarter net profit on Monday as deposits and loan volumes grew, and said a widely awaited interest rate cut by the central...
