Sources
China’s Nio plans to sell its first hybrid car overseas only: sources
CHINESE electric vehicle (EV) maker Nio is planning to launch its first hybrid model in 2026 and will only sell it in overseas markets, including the Middle East, North...
Blackstone in advanced talks to acquire shopping centre owner Retail Opportunity: sources
BLACKSTONE is in advanced talks to acquire Retail Opportunity Investments Corp (Roic), which owns US shopping centres and has a market value of US$3.4 billion including debt, according to...
Blackstone in advanced talks to acquire shopping centre owner Retail Opportunity: sources
BLACKSTONE is in advanced talks to acquire Retail Opportunity Investments Corp (Roic), which owns US shopping centres and has a market value of US$3.4 billion including debt, according to...
Trafigura facing US$1.1 billion hit in Mongolia after fraud probe: sources
Trafigura Group is preparing to take a US$1.1 billion hit after discovering what it suspects was fraud involving employees in its Mongolian oil business, according to people familiar with...
PetroChina set to shut top north China refinery in 2025: sources
PETROCHINA is set to shut its largest refinery in north China’s Dalian around mid-2025, marking the first major closure at a state-run oil plant, part of a long-mooted project...
Allianz weighs options for AllianzGI unit: sources
ALLIANZ is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four people with knowledge of the matter told Reuters,...
ECB starting to debate if rates have to go below neutral: sources
EUROPEAN Central Bank (ECB) policymakers have begun to debate whether interest rates need to be lowered enough to start stimulating the economy, ending years of economic restriction, conversations this...
GIC, Macquarie explore US$2 billion stake sale in Philippines’ EDC: sources
SINGAPORE’S GIC and Australia’s Macquarie are looking at selling their stake of roughly 30 per cent in Philippine renewable energy firm Energy Development Corp (EDC), a deal that could...
