Culture
BlackRock gets US$10 billion financing for Aramco deal: sources
The majority of the financing is a seven-year loan facility, which could later be refinanced in the bond market[RIYADH] A group led by BlackRock’s Global Infrastructure Partners (GIP) unit...
US: S&P 500, Nasdaq hit record highs on boosted rate-cut bets
[NEW YORK] The S&P 500 and the Nasdaq hit intraday record highs at the open on Wednesday (Sep 10), after cooler-than-expected producer inflation data boosted bets on interest-rate cuts...
Centurion wins shareholder support for Reit listing plan
The Reit will accelerate the group’s growth and support sustainable capital recycling, says chief executive Kong Chee Min[SINGAPORE] Mainboard-listed Centurion Corp won overwhelming support at an extraordinary general meeting...
Alibaba mapping app steps into local business rankings, intensifying competition
[SHANGHAI] Alibaba’s mapping app Amap is moving away from its traditional focus on navigation and encroaching into rival Meituan’s local-lifestyle territory by launching its own ranking of restaurants, hotels...
China’s green tech firms pour billions into overseas factories
Industry giants, including Contemporary Amperex Technology, BYD and Trina Solar, have announced billions on overseas factories in more than 50 countries[HONG KONG] China’s world-leading solar, battery and electric vehicle...
US: Wall St opens slightly higher in run-up to employment revision figures
[NEW YORK] Wall Street indexes opened slightly higher on Tuesday (Sep 9), a day after closing near record peaks, as investors remained cautious ahead of an impending employment rate...
Anglo American agrees to buy Teck in deal reshaping mining
[TORONTO] Anglo American has agreed to acquire Canada’s Teck Resources, creating a more than US$50 billion company in one of the biggest mining deals in over a decade.Anglo will...
Chinese property stocks jump on policy, lending boost
Top gainers included Country Garden and Shimao Group Holdings, whose shares rose more than 30%[HONG KONG] Chinese property shares surged in Hong Kong, led by Country Garden Holdings as...
GIC, SoftBank are said to weigh selling stake in fintech VNLife
The Vietnamese fintech firm has a presence in Vietnam, Singapore, Myanmar and Cambodia [HONG KONG] GIC and SoftBank Vision Fund are considering selling their stakes in Vietnamese fintech firm...
Hidden inflation drives Japan consumers to price-tracking sites
Shoppers in the island nation are facing higher living costs for the first time since the burst of an asset bubble in the early 90s ushered in decades of...
