Real Estate
Trafigura paid bribes via ‘Mr Non-Compliant’: Swiss prosecutors
TRAFIGURA was accused by Swiss prosecutors of channeling bribes to an Angolan official through a network of former employees, including one nicknamed “Mr. Non-Compliant” by the company’s late founder.The trading...
Google’s Anthropic AI deal cleared by UK antitrust agency
GOOGLE’S partnership with AI firm Anthropic has avoided further scrutiny after the UK antitrust watchdog concluded it doesn’t qualify for a full blown investigation under merger rules.
Google has...
Walmart raises annual forecasts, betting on strong holiday shopping
WALMART on Tuesday (Nov 19) raised its annual sales and profit forecast for the third consecutive time, with people buying more groceries and merchandise online and at its stores,...
Seven & i founding family aims to raise 8 trillion yen for buyout this year: NHK
THE founding Ito family behind Japanese retailer Seven & i aims to raise more than 8 trillion yen (S$70 billion) to take it private by the end of this...
US$34 billion asset manager plans to hire in Singapore for climate finance
Mirova currently has 13 employees in Singapore, mostly focused on investment and research Mirova, which manages assets worth about US$34 billion, plans to expand in Asia to tap the...
WeWork gives up two Singapore prime locations in sign of co-working woes
WEWORK is giving up space in two prime locations in Singapore, underscoring the company’s challenges in one of its most promising markets.One co-working space spanning the 17th to 20th...
Keppel DC Reit unveils S$1-billion unit placement, preferential offer to fund purchase of data centres
THE manager of Keppel DC Reit plans to launch an equity funding exercise to raise gross proceeds of about S$1 billion, it announced on Tuesday (Nov 19). This comprises...
DBS, OCBC, UOB, Maybank syndicating Singapore’s biggest loan of S$12 billion for Marina Bay Sands
The 7-year facility, which will be syndicated to other financiers, will refinance an existing S$4b borrowingMARINA Bay Sands is seeking a loan of around S$12 billion, in what would...
