Sources
Microsoft-OpenAI deal set to dodge formal EU merger probe: sources
EUROPEAN Union antitrust regulators have concluded that Microsoft’s US$13 billion investment into OpenAI is not an acquisition, sources familiar with the matter said on Wednesday (Apr 17), signalling the...
Climate investors target Japan’s top banks, this time on board oversight: sources
A COALITION of climate groups filed shareholder proposals with Japan’s top three banks, including Mitsubishi UFJ Financial Group, calling for stricter board oversight of climate-related risks, sources familiar with...
CVC Capital Partners exits Vietnam’s Asia Commercial Bank: sources
CVC Capital Partners has exited Vietnam’s fourth-biggest private commercial lender, Asia Commercial Bank (ACB), after its investment unit disposed of its remaining 4.99 per cent stake for around US$220...
McKinsey begins hundreds of job cuts with client demand muted: sources
MCKINSEY & Co is beginning to eliminate roughly 360 jobs as the consulting giant deals with a slowdown in demand for its services.The reductions are global and will affect...
Tesla’s Musk to meet Modi in India and announce investment plans: sources
TESLA chief Elon Musk will visit India this month to meet Prime Minister Narendra Modi and is expected to make an announcement on plans to invest and open a...
Hong Kong set to approve its first spot Bitcoin ETFs in April: sources
SPOT Bitcoin exchange-traded funds (ETFs) could be launched in Hong Kong this month, with the first approvals likely to be announced next week, two people familiar with the matter...
US investor Baker, Beetz-led group to buy Germany’s Galeria, sources say
GERMANY’S Galeria Karstadt Kaufhof is to be taken over by a consortium including US investor Richard Baker, CEO of its previous owner Hudson’s Bay Company, two sources familiar with...
L’Occitane owner plans second try to take company private, sources say
THE chairman and controlling shareholder of skincare company L’Occitane International is planning again to take the company private, just a few months after he shelved a buyout attempt, two...
