Leadership
Credit Agricole in talks to invest in Guangzhou Auto unit
The transaction will give the leasing business a valuation of about US$600 million after completionCREDIT Agricole is in advanced talks to invest in Guangzhou Automobile’s (GAC) financial leasing unit,...
Saudi Aramco plans two-tranche US dollar Islamic bonds, term sheet says
STATE oil giant Saudi Aramco is planning a five and 10-year US dollar-denominated sukuk, or Islamic bonds, deal, according to a term sheet reviewed by Reuters on Tuesday (Sep...
Geely plans to build cars in Vietnam in US$170 million investment
GEELY Auto is planning to assemble vehicles in Vietnam as part of a series of commitments worth nearly US$170 million to expand production in the South-east Asian country.The Chinese...
China’s Geely plans to build cars in Vietnam in US$170 million investment
GEELY Auto is planning to assemble vehicles in Vietnam as part of a series of commitments worth nearly US$170 million to expand production in the South-east Asian country.The Chinese...
Thailand’s car production drops 20.56% y/y in August, federation says
CAR production in Thailand fell 20.56 per cent in August from a year earlier, the Federation of Thai Industries said on Tuesday.
Asia: Hong Kong, Shanghai rally on China stimulus on mixed day for markets
HONG Kong and Shanghai stocks rallied on Tuesday after China unveiled fresh stimulus measures as the country’s leaders struggle to kickstart growth in the world’s number two economy.After a...
Gold prices steady after Fed policymakers back rate cuts
GOLD prices held their ground on Tuesday (Sep 24), after hitting an all-time high in the previous session, following comments by US Federal Reserve officials that backed additional interest...
Cloud firm Snowflake seeks US$2 billion in convertible bonds
SNOWFLAKE is seeking to raise US$2 billion from the sale of convertible bonds. The data analytics provider is offering two tranches of US$1 billion each in a private placement,...
