Shows
Japanese insurers, banks to sell Honda shares worth US$3.3 billion, filing shows
The move is to unwind cross-shareholdings which can lead to lax governance by protecting management from shareholdersJapanese financial groups including Tokio Marine, Sompo and two MS&AD units will sell...
AI deals lift US venture capital funding to highest level in two years, data shows
US VENTURE capital funding surged to US$55.6 billion in the second quarter, marking the highest quarterly total in two years, according to PitchBook data published on Wednesday (Jul 3).The...
Biden revoked 8 licenses for China’s Huawei in 2024, document shows
THE Biden administration has revoked eight licences this year that had allowed some companies to ship goods to Chinese telecoms equipment giant Huawei, according to a document seen by...
Asia M&A fees drop to 11-year low amid slow-cooked deals, data shows
FINANCIAL advisory fees from mergers and acquisitions (M&A) in Asia dropped to the lowest levels in 11 years in the first half of 2024, with little signs of a...
Singapore port congestion shows global ripple impact of Red Sea attacks
CONGESTION at Singapore’s container port is at its worst since the Covid-19 pandemic, a sign of how prolonged vessel re-routing to avoid Red Sea attacks has disrupted global ocean...
Bank of Japan debated need for timely rate hike at June meeting, summary shows
THE Bank of Japan (BOJ) debated in June the chance of a near-term interest rate hike with one policymaker calling for an increase without delay to address risks of...