Leadership
Bain-owned Chindata’s lenders bank on Asia’s data centre boom
BAIN Capital-owned data centre operator Chindata Group Holdings obtained a US$490 million five-year syndicated loan from banks keen to back Asia’s growing computing and data storage needs.
The borrowing, which...
US awards Moderna US$176 million to produce bird flu vaccine
The US government has awarded US$176 million to Moderna to advance development of its bird flu vaccine, the company said on Tuesday (Jul 2), as concerns rise over a...
BYD seals EV pact with leasing firm Ayvens to expand in Europe
The corporate fleet market is key to BYD’s push to break through in Europe, where the the world’s biggest maker of electric cars has struggled to gain traction BYD...
Keppel merges two wholly owned subsidiaries
Keppel Fund Management and Keppel Capital Alternative Asset are licensed fund managers under Keppel KEPPEL has amalgamated two indirect wholly owned subsidiaries to streamline the company’s organisational structure. The...
UK becomes safe haven for investors spooked by France chaos
As the UK prepares to head to the polls on Thursday (Jul 4), the country’s financial markets appear to be shedding their recent reputation for volatility.British stocks are near...
Payment system to let Singaporeans send money instantly via mobile phones to four countries
RESIDENTS here are closer to the day when they will be able to make instant and cheap cross-border money transfers to four other Asian countries via local apps such...
Blackstone to sell Japan supplement maker Alinamin to MBK for 350 billion yen: source
PRIVATE equity firm Blackstone is nearing a deal to sell Japanese supplement maker Alinamin Pharmaceutical to North Asian buyout fund MBK Partners for 350 billion yen (S$2.9 billion), a...
US: S&P 500, Nasdaq end at fresh records after Fed chair’s comments