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Sinochem may keep bankrupt refineries as auctions draw scant interest: sources
SINOCHEM Group may keep three bankrupt oil refineries located in eastern China after auctions to sell them drew little interest from other companies, sources familiar with the matter said.The...
Kioxia market value set at 750 billion yen, Japan chipmaker to receive listing approval: sources
BAIN-BACKED Kioxia will have a market value of about 750 billion yen (S$6.5 billion) based on the indicative price for its initial public offering (IPO), with the chipmaker to...
Hyundai unveils big electric SUV in fast-growing market
HYUNDAI Motor unveiled its first three-row electric SUV on Wednesday (Nov 20), pushing into a market for big family cars that global automakers hope will one day be a...
Blackstone invests US$500 million in Lancium AI buildout
BLACKSTONE invested more than US$500 million in Lancium, which is building more than five gigawatts of data centres in West Texas with an eye on supplying the booming energy...
Social media giants face A$50 million fines under Australia ban
GLOBAL social media firms could face fines of as much as A$50 million (S$43.7 million) if they fail to enforce the Australian government’s new social media ban on children...
Canada’s Manulife signs C$5.4 billion reinsurance deal to lower risk
CANADA’S Manulife Financial will reinsure C$5.4 billion (S$5.2 billion) of its reserves as it looks to transfer some risk from its portfolio and free up capital for stock buybacks.The...
HSBC shelves plans for trading, financing carbon credits
HSBC Holdings has abandoned plans to build a carbon credits desk, according to sources familiar with the matter, as Europe’s biggest bank cools to a market rocked by repeated...
McDonald’s readies new US value lineup to entice diners back
MCDONALD’S is launching a new US value platform in an attempt to woo budget-conscious diners.The new lineup, called McValue, includes an offer to buy one item and get one...
