Leadership
Retailer Miniso to buy stake in China’s Yonghui for 6.27 billion yuan
LOW-COST retailer Miniso Group Holding plans to acquire a significant stake in supermarket chain operator Yonghui Superstores for 6.27 billion yuan (S$1.1 billion) to build on its presence in...
Giant owner DFI to sell Shanghai-listed Yonghui to Miniso for 4.5 billion yuan
DFI Retail Group plans to divest its entire stake in Shanghai-listed Yonghui Superstores, amounting to 1.9 billion shares in the Chinese supermarket operator, to low-cost retailer Miniso.The group estimates...
US moves to bar Chinese, Russian tech from connected vehicles
The US Commerce Department moved on Monday (Sep 23) to ban the sale of connected vehicles incorporating Chinese and Russian technology, citing national security risks.The proposed rule is part...
Extended incentives encourage EV take-up, but demand for hybrids may soften: industry
RECENT tweaks to two clean-vehicle schemes show Singapore’s commitment to electric vehicles (EVs) – but possibly at the expense of hybrids, said industry players.Authorities said last Friday (Sep 20)...
European banks are factoring climate risks into loans, says ECB
EUROPEAN banks are factoring climate risks into the terms of mortgages they grant, although they do not fully grasp the potential costs, according to their top regulator.The European Central...
BNP Paribas to buy German private banking unit from HSBC
HSBC has been exploring the sale of various businesses in Europe’s largest economyBNP Paribas has signed an agreement with HSBC Holdings to buy the UK-based lender’s private banking operations...
Big UK investors poised to buy the dip in US property
BRITISH investment managers Legal & General (L&G) and Schroders are to invest hundreds of millions of US dollars in commercial property in the United States, but are largely steering...
Samsung invests US$1.8 billion more in Vietnam for Oled manufacturing plant
SOUTH Korean electronic manufacturer Samsung Display plans to invest US$1.8 billion for a factory this year in northern Vietnam to produce Oled displays for automobiles and technology equipment, the...
