Leadership
EU backing for China EV tariffs shows Berlin’s waning influence
GERMAN Chancellor Olaf Scholz’s rejection of EU tariffs on Chinese electric vehicles failed to stop fellow European Union members voting in favour, exposing how a divided Berlin is struggling...
Activist Starboard Value takes US$1 billion stake in Pfizer
Activist investor Starboard Value has taken a stake of about US$1 billion in Pfizer and is seeking to spur a turnaround of the struggling pharmaceuticals giant, according to a...
Silverlake Axis loses free float, likely to delist
SILVERLAKE Axis on Monday (Oct 7) evening said it has lost its free float and may be delisted, now that it no longer meets the free-float requirement of the...
Adani Group in talks to buy Heidelberg’s Indian cement operations
The Adani Group is in talks to buy the Indian cement operations of Germany’s Heidelberg Materials in a deal that could be worth about US$1.2 billion, the Economic Times...
Wine maker Duckhorn to be acquired by Butterfly Equity in US$1.95 billion deal
PREMIER luxury wine maker Duckhorn Portfolio said on Monday (Oct 7) it would be taken private by Butterfly Equity in an all-cash deal worth US$1.95 billion.
Private equity firm Butterfly...
China’s brokers skip holidays to staff up for ‘hectic’ reopening
BROKERAGES and stock exchanges in China are gearing up for a frantic on Tuesday (Oct 8) when onshore markets reopen after a week-long holiday, with optimism running high that...
OUE Healthcare unit signs alliance agreement with Shanghai hospital
Under the accord, the two hospitals will have a ‘two-way green channel access’ for patientsCATALIST-LISTED OUE Healthcare, through its joint venture hospital in Changshu, China, has signed a healthcare...
Shell sees strong natural-gas production in third quarter
SHELL saw continued strong performance from its natural gas and upstream businesses in the third quarter, even as oil-refining margins declined and it expects to lose money in chemicals.
Integrated...
