Car parts supplier company Valeo to cut around 1,000 jobs in Europe: sources
FRENCH car parts supplier Valeo will cut around 1,000 jobs in Europe, sources said, and the restructuring move will also ...
Tag: Sources
OpenAI allows employees to sell US$1.5 billion stock to SoftBank: sources
CHATGPT-owner OpenAI is allowing its employees to sell roughly US$1.5 billion worth of shares in a new tender offer to ...
Intel expects US to shave chip-making grant: sources
INTEL expects the US government to reduce a preliminary subsidy of US$8.5 billion to build more chip factories, two sources ...
Nissan to cut or transfer about 1,000 jobs in Thailand: sources
NISSAN Motor will cut or transfer about 1,000 jobs in Thailand as it shrinks production in South-east Asia, part of ...
China’s Trustar raises US$1 billion for vehicle that holds McDonald’s China stake: sources
TRUSTAR Capital has raised US$1 billion for a continuation fund that will hold the Chinese private equity firm’s controlling stake ...
Sinochem may keep bankrupt refineries as auctions draw scant interest: sources
SINOCHEM Group may keep three bankrupt oil refineries located in eastern China after auctions to sell them drew little interest ...
Kioxia market value set at 750 billion yen, Japan chipmaker to receive listing approval: sources
BAIN-BACKED Kioxia will have a market value of about 750 billion yen (S$6.5 billion) based on the indicative price for ...
ADIA, GIC in talks to acquire Pye-Barker Fire & Safety minority stake: sources
The Abu Dhabi Investment Authority (ADIA) and Singapore’s GIC are in advanced talks to acquire a minority stake in Pye-Barker ...
Musk’s SpaceX preparing to launch tender offer in Dec at US$135/share: sources
Elon Musk’s SpaceX is preparing to launch a tender offer in December to sell existing shares at a price of ...
DBS nominates Rajat Verma to be next India CEO: sources
DBS’s India unit has nominated its head of institutional banking, Rajat Verma, to be the bank’s new chief executive officer, ...
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