Sources
TSMC could face US$1 billion or more fine from US probe: sources
TAIWAN Semiconductor Manufacturing Company (TSMC) could face a penalty of US$1 billion or more to settle a US export control investigation over a chip it made that ended up...
TikTok deal put on hold after China indicated it would reject it over tariffs: sources
[WASHINGTON] A deal to spin off the US assets of TikTok was put on hold after China indicated it would not approve the deal following President Donald Trump’s tariffs...
Morgan Stanley raising about US$680 million for Japan real estate fund: sources
[TOKYO] Morgan Stanley is raising about 100 billion yen (S$910.8 million) for a Japan-focused real estate fund, two people familiar with the matter said, highlighting investor interest in property...
MAS tells fintech platforms to communicate underlying products in investment accounts clearly: sources
Consumers should be clear that a fintech platform that offers underlying banking products does not equate to it being a bank[Singapore] Fintech platforms have been told by the Monetary...
Mars readying over US$25 billion bond sale for next week: sources
FAMILY-OWNED candy giant Mars is preparing to sell bonds worth between US$25 billion and US$30 billion as soon as next week to help finance its takeover of Pringles maker Kellanova, according...
HSBC cutting staff numbers by 900 at China Pinnacle unit: sources
HSBC is reducing staff numbers at its China digital wealth business Pinnacle by nearly half, or about 900 people, two sources said, a sharp reversal of the bank’s ambition...
Bain Capital mulls US$10 billion sale of Rocket Software: sources
PRIVATE equity firm Bain Capital is weighing options, including a sale, for Rocket Software that could value the US automation software provider at as much as US$10 billion, including...
Nissan CEO Uchida’s future in focus as sources say management shake-up due soon
JAPAN’S Nissan will unveil a shake-up in its top ranks next month, three people familiar with the matter said on Thursday (Feb 27), adding that embattled CEO Makoto Uchida...
