Leadership
GIC, Hillhouse in talks to invest in Midea’s Hong Kong IPO, sources say
State investor Temasek is among the company’s potential stockholders as it holds discussions to buy shares SINGAPORE sovereign wealth fund GIC and alternative asset manager Hillhouse Investment are considering...
China’s CATL says plans to adjust lithium production in Jiangxi
CHINESE battery giant CATL plans to adjust its lithium production in the southern province of Jiangxi, the company said on Wednesday (Sep 11).
A slump of prices of the metal...
Zara owner Inditex sees early autumn sales perk up after summer slowdown
ZARA owner Inditex reported a jump in sales of its autumn/winter collection on Wednesday (Sep 11), boosting its share price as the world’s largest listed fashion retailer recovered from...
Huawei’s tri-foldable phone stirs Chinese pride but US$2,800 price tag panned
HUAWEI’S new tri-foldable smartphone has ignited nationalistic pride in China with social media abuzz with what supporters see as its ability to out-innovate Apple despite US sanctions – even...
Visa aims for 10-fold rise in Pakistani use of digital payments
VISA plans to increase the number of businesses accepting digital payments in Pakistan tenfold over the next three years, the payments giant’s general manager for Pakistan, North Africa and...
Japan plans driverless bullet trains
SHINKANSEN bullet trains could be whizzing around Japan without drivers from the mid 2030s, one of its main rail operators said, motivated in part by the country’s demographic crisis.East...
Asia: Markets drop on economy worries, yen rallies
EQUITIES slipped on Wednesday following a mixed day on Wall Street, as worries about the world’s top two economies offset optimism that the Federal Reserve will start cutting interest...
Blackstone sells second commercial mortgage bond to fund buyout
BLACKSTONE is selling US$1.05 billion of commercial mortgage bonds to help pay for a deal it struck in April to acquire AIR Communities, an apartment landlord. The debt consists...
