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Olam food ingredients unit ofi secures US$500 million financing
OLAM Group’s food ingredients unit ofi has bagged export credit agency -linked financing of about US$500 million, said the group on Tuesday (Mar 12). The facility, comprising of a...
Unit of CapitaLand Ascott Reit trustee issues S$120 million of 3.7% notes due in 2029
THE managers of CapitaLand Ascott Real Estate Investment Trust (CapitaLand Ascott Reit) and CapitaLand Ascott Business Trust said on Friday (Mar 8) that Ascott Reit MTN – a wholly-owned...
Sembcorp enters utility-scale solar development in Indonesia through JV with local unit
SEMBCORP Industries marked its entry into utility-scale solar development in Indonesia through a joint venture (JV) with a unit linked to PLN, an Indonesian government-owned utilities corporation. The deal...
Morgan Stanley cuts 9% China fund unit staff amid market rout: sources
MORGAN Stanley has laid off about 9 per cent of its staff at its asset management business unit in China, two people with direct knowledge of the matter said,...
Intel sees AI opportunity for standalone programmable chip unit
ARTIFICIAL intelligence (AI) offers a growing and potentially lucrative opportunity for Intel’s freshly standalone programmable chip unit, its CEO Sandra Rivera said. Intel’s programmable chip unit began operating as...
Shell’s US solar unit launches asset sale: sources
SHELL’S United States solar business Savion has put around a quarter of its assets up for sale, according to a marketing document and industry sources, as the oil major...
Sony to cut about 900 jobs in its PlayStation unit as layoffs in technology, gaming sector continue
Sony will cut about 900 jobs in its PlayStation division, or about 8% of its global workforce, becoming the latest company in the technology and gaming sector to announce...
Chipmaker Broadcom sells remote-access unit to KKR in US$4 billion deal
CHIPMAKER Broadcom is selling a unit that allows users to access desktops and applications from any device to private-equity firm KKR in a US$4-billion deal to streamline its portfolio...
