Culture
China’s 10-year bond yield falls to 2% for first time on record
CHINA’S benchmark bond yield fell to 2 per cent for the first time on record, as the central bank announced a package of monetary policy easing measures to support...
US FTC set to greenlight Chevron’s US$53 billion buy of oil rival Hess: sources
THE US Federal Trade Commission (FTC) is expected to greenlight US oil producer Chevron’s purchase of Hess as soon as this week, two sources familiar with the matter said,...
Cloud firm Snowflake seeks US$2 billion in convertible bonds
SNOWFLAKE is seeking to raise US$2 billion from the sale of convertible bonds. The data analytics provider is offering two tranches of US$1 billion each in a private placement,...
Visa faces Justice Department antitrust case on debit cards
THE US Justice Department plans to allege that Visa illegally monopolised the US debit card market, according to people familiar with the matter.The antitrust division is set to file a...
Barclays, Bank of America helped Andrea Orcel buy Commerzbank stake
UNICREDIT chief executive officer Andrea Orcel used Barclays and Bank of America to help him quietly build up a stake in Commerzbank, a move that has shaken European finance...
Singapore LNG Corp eyes bunkering, storage and expansion to fuel growth
Demand for liquefied natural gas is increasing as world transitions towards using cleaner fuels DEMAND for liquefied natural gas (LNG) in Singapore has grown at a speed that few...
GM, Ford would need to halt Chinese vehicles exports for US under rule, official says
GENERAL Motors and Ford Motor would need to stop exporting vehicles from China to the United States under a proposed rule cracking down on Chinese software and hardware, a...
Retailer Miniso to buy stake in China’s Yonghui for 6.27 billion yuan
LOW-COST retailer Miniso Group Holding plans to acquire a significant stake in supermarket chain operator Yonghui Superstores for 6.27 billion yuan (S$1.1 billion) to build on its presence in...
Northvolt to axe 1,600 jobs as Europe’s EV hopes stall
Northvolt plans to cut 1,600 jobs at its base in Sweden, or about a fifth of its global workforce, as Europe’s biggest hope in the electric vehicle battery market...
Qualcomm’s potential Intel buyout could raise antitrust, foundry concerns
A POTENTIAL deal to buy Intel could accelerate Qualcomm’s diversification, but will burden the smartphone chipmaker with a loss-making semiconductor manufacturing unit that it may struggle to turn around...
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