Sources
Shell in talks to sell Malaysia fuel stations to Saudi Aramco: sources
ENERGY giant Shell is in talks with Saudi Arabia’s state-owned Saudi Aramco to sell its gas station business in Malaysia, the second-largest such network in the country, four industry...
GLP says 2025 bond repayment sources identified
ASIAN logistics operator GLP told investors it has identified sources to help it repay a US$1 billion US dollar bond due 2025 and has already paid back US$1.7 billion...
Airbus called for compensation to take on money-losing Spirit operations: sources
AIRBUS has called for financial compensation to take on money-losing operations from Spirit AeroSystems, a demand that has emerged as one obstacle to a tie-up deal between the supplier...
Asset manager Value Partners cuts one-third of China staff in overhaul: sources
HONG Kong-listed asset manager Value Partners Group is cutting about one-third of its China staff as it looks to restructure the business to boost profit amid weaker markets, two...
CICC cutting dealmakers’ base pay by 25%, sources say
CHINA International Capital Corp (CICC) is cutting the base pay of onshore investment bankers by as much as 25 per cent, three sources said, in a major effort to...
ByteDance prefers TikTok shutdown in US if legal options fail: sources
TIKTOK owner ByteDance would prefer to shut down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the...
Malaysia mulls over plans for casino in Forest City as part of Johor-S’pore Special Economic Zone: sources
MALAYSIA is looking at allowing a casino to operate in the RM450 billion (S$128.5 billion) Forest City project in Johor, which would revitalise the troubled reclaimed islands.Sources with knowledge...
Microsoft’s OpenAI partnership could face EU antitrust probe: sources
MICROSOFT’S US$13 billion investment in OpenAI could face an EU antitrust investigation as regulators are building the case for such a move, people familiar with the matter said on...
