Politics
Former PBOC deputy governor Liu Guiping to head Bank of China: sources
China will appoint financial veteran Liu Guiping as chairman of Bank of China, the nation’s fourth largest state-owned bank, two sources…
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Business
Former central bank deputy governor to head Bank of China: sources
China will appoint financial veteran Liu Guiping as chairman of Bank of China (BOC), the nation’s fourth-largest state-owned bank, two…
Business
Nvidia modifies H20 chip for China to overcome US export controls: sources
Nvidia plans to release a downgraded version of its H20 artificial intelligence (AI) chip for China in the next two months, following US…
Business
Bain Capital to sell China data centre business likely valued at over US$4 billion: sources
US investment firm Bain Capital is seeking to sell the China business of data centre operator WinTriX DC Group, in a deal that could value…
Politics
US sanctions on China refiners over Iran oil disrupt operations: sources
Recent US sanctions on two small Chinese refiners for buying Iranian oil have created difficulties receiving crude and led them to sell…
Business
Grab looks to strike a deal to acquire Indonesia’s GoTo in Q2: sources
[SINGAPORE,HONG KONG] US-listed ride-hailing and food delivery firm Grab is looking to strike a deal to take over smaller Indonesian rival…
Politics
US SEC’s new chief says 15% of staff have left, contract cuts to come, sources say
The new head of the US Securities and Exchange Commission told staff on Tuesday the agency has lost 15 per cent of its headcount across…
Business
Japan’s SMBC is closer to acquiring 51% stake in India’s Yes Bank: sources
Sumitomo Mitsui Banking Corp (SMBC) is close to agreement on acquiring a stake in Yes Bank, with the Japanese firm eyeing a majority 51…
News
L.A. federal prosecutors resign over plea deal for convicted sheriff's deputy, sources say
Several federal prosecutors — including the chief of the Public Corruption and Civil Rights Section — have submitted their resignations…
Business
Chinese sovereign fund CIC to sell US$1 billion of US private equity investments: sources
Chinese sovereign investor China Investment Corporation (CIC) is selling about US$1 billion of its private equity (PE) investment…
Business
Aster Chemicals to bid for Exxon Mobil's Singapore fuel stations, sources say
Aster Chemicals and Energy, the new operator of the Bukom refining complex, is planning to bid for ExxonMobil’s petrol stations in…
Business
Cars didn’t arrive after months – so Singapore dealer for China EV brand Neta closed: sources
The abrupt closure of Evology Automobile – the dealer/distributor for China automotive brand Neta – earlier this month happened because…
Politics
Oil falls 2% after sources say Opec+ to mull accelerating output
Oil prices slipped 2 per cent on Wednesday (Apr 23) as sources said Opec+ would consider accelerating its oil output increases in June,…
News
PSA weighs selling 20% stake in CK Hutchison’s ports business: sources
International is exploring the sale of its 20 per cent stake in CK Hutchison’s ports business, two people with knowledge of the matter…
Business
Huawei readies new AI chip for mass shipment as China seeks Nvidia alternatives: sources
[SINGAPORE/BEIJING] Huawei Technologies plans to begin mass shipments of its advanced 910C artificial intelligence chip to Chinese…
Business
Tesla to delay US launch of affordable EV, a lower-cost Model Y: sources
Tesla’s long-awaited plans for an affordable car include a US-made, stripped-down version of its best-selling electric SUV, the Model Y,…
Business
Shein gains UK approval for London IPO, awaits China nod: sources
Online fast-fashion retailer Shein has secured approval from Britain’s Financial Conduct Authority (FCA) for its planned initial public…
Politics
Apple airlifts 600 tonnes of iPhones from India ‘to beat’ Trump tariffs: sources
Tech giant Apple chartered cargo flights to ferry 600 tonnes of iPhones, or as many as 1.5 million, to the US from India, after it stepped…
Business
Virgin Australia targeting June IPO despite tariff turmoil: sources
Bain Capital-controlled airline Virgin Australia is pushing ahead with plans for an initial public offering (IPO) in June, despite the…
Politics
US considers adjusting port fee plan for Chinese vessels after pushback: sources
[LONDON/ATHENS] President Donald Trump’s administration is considering softening its proposed fee on China-linked ships visiting US ports…
Business
China’s central bank asks state lenders to reduce dollar purchases: sources
China’s central bank will not allow sharp renminbi declines and has asked major state-owned banks to reduce US dollar purchases, people…
Business
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…
Politics
TikTok deal put on hold after China indicated it would reject it over tariffs: sources
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…
Business
Morgan Stanley raising about US$680 million for Japan real estate fund: sources
Morgan Stanley is raising about 100 billion yen (S$910.8 million) for a Japan-focused real estate fund, two people familiar with the…