Sources
Apax, Bain and CVC exploring potential bids for SoftwareOne: sources
APAX Partners, Bain Capital and CVC are each exploring potential bids for SoftwareOne, two sources with knowledge of the situation said, three months after the ouster of the Swiss...
EU may cut China EV import tariffs for Volkswagen and BMW: sources
THE European Commission has signalled to Volkswagen and BMW that it may consider lowering tariffs on the two carmakers’ imports of China-made EVs, two sources with knowledge of the...
CK Hutchison reviews options for European telco assets: sources
HONG Kong conglomerate CK Hutchison is reviewing options for its European telco unit with a view to reducing its holdings in the overall business, six people with knowledge of...
HSBC eyes payouts, new roles for executives pipped to CEO job: sources
AS HSBC prepares to name its third CEO in nine years, the bank is exploring financial incentives and reallocating key projects to retain those who miss out on the...
Rosneft, Lukoil to cut oil exports from Black Sea’s Novo: sources
RUSSIA’S oil producers Rosneft and Lukoil will sharply cut oil exports from the Black Sea port of Novorossiisk in July, two sources familiar with a loading plan said, as...
Major Japanese insurers to offload 500 billion yen of Honda shares: sources
FOUR of Japan’s top property and casualty insurers and other financial firms plan to sell around 500 billion yen (S$4.2 billion) of shares in Honda Motor, three people said,...
Nvidia set to face French antitrust charges: sources
NVIDIA is set to be charged by the French antitrust regulator for allegedly anti-competitive practices, people with direct knowledge of the matter said, making it the first enforcer to...
China’s CCB cuts pay of headquarters staff by at least 10%: sources
CHINA Construction Bank Corp (CCB), the nation’s second-largest commercial bank by assets, has asked employees at its headquarters to take a pay cut of at least 10 per cent,...
