Real Estate
Fidelity lowers value of stake in Musk’s X by 5.7% in February
FIDELITY’S Blue Chip Growth Fund cut the value of its position in X by 5.7 per cent in February, implying a 73 per cent decline in the former Twitter...
Nippon Steel emphasises its ‘deep roots’ in the US as it pursues US Steel deal
NIPPON Steel intends to pursue its proposed acquisition of US Steel and wants its “deep roots” in the United States to be recognised, its new president said – remarks...
US oil suppliers muscling into Opec+ markets around the world
ONE major beneficiary of sanctions on Russian and Venezuelan oil? US suppliers who have muscled their way into markets once dominated by the Organization of the Petroleum Exporting Countries...
Investors spoilt for choice with top ice-cream makers Haagen Daaz, Breyers up for sale
WILLIAM Breyer hand-churned his first gallon of ice cream in Philadelphia at the end of the Civil War using cream, cane sugar and nuts. With the promise of the...
China’s industrial upswing is the latest sign of economic recovery
CHINA’S manufacturing activity rebounded in March, snapping a five-month decline and adding to evidence that the country’s industrial sector is building momentum for an economic recovery. The official manufacturing...
AI, new tech are opportunities more than threats, say music investors
SUPPLYING background music in virtual reality worlds; building software so that musicians can create songs on their phones; helping creators monetise their work on social media – these are...
Panasonic to sell autos business to Apollo Global-managed funds
JAPAN’S Panasonic said on Friday (Mar 29) it will sell its entire stake in Panasonic Automotive Systems (PAS) to funds managed by US private equity firm Apollo Global Management,...
Chinese firms’ fundraisings in limbo as IPOs scrutinised at home and abroad
CHINESE companies are staring at the prospects of a drought of new equity capital as tougher domestic initial public offering (IPO) rules and challenges in listing overseas severely curb...
