News
US threatens retaliation over ‘unreasonable’ EU tech regulations
THE United States threatened countermeasures against the EU on Tuesday over the bloc’s efforts to tax American firms, pointing to major European companies as potential targets.But the European Union...
Oil jumps 2% as Trump’s Venezuela blockade stokes uncertainty
While many ships lifting Venezuelan oil are sanctioned, others moving crude from Iran and Russia are not[LONDON] Oil prices rallied by nearly 2 per cent on Wednesday (Dec 17)...
Property tycoon Gordon Tang’s Acrophyte to acquire Suntec Reit’s manager for S$190 million
Tang and his affiliates currently own 35.7% of the Reit itself, while ESR owns 10.8%[SINGAPORE] Property tycoon Gordon Tang has signed a deal to acquire 100 per cent of...
F&N dairy subsidiary to acquire additional 4.6% stake in Vinamilk from Jardine C&C
The deal involves about 96.1 million sale shares, with a total consideration of around six trillion Vietnamese dong[SINGAPORE] F&N Dairy Investments (FNDI), a wholly owned subsidiary of food and...
EC World Reit granted more time until May 2026 to submit resumption proposal
SGX-ST has considered that it needs more time to work on proposals to meet its loan repayment obligations[SINGAPORE] EC World Real Estate Investment Trust’s (ECW) application for more time...
Samudera Shipping unit, Imoto Corporation enter JV to set up shipping company in Japan
Blue Ocean Shipping will be headquartered in Kobe and is expected to begin operations in the first half of 2026 [SINGAPORE] A subsidiary of container shipping group Samudera Shipping...
Amazon European hub in Luxembourg braces for record job cuts
[PARIS] Amazon.com’s decision earlier this year to axe 14,000 employees around the globe is reverberating at the company’s European headquarters in Luxembourg. In the coming weeks, Amazon is expected...
Airline Caterer Gategroup said to pick banks for Zurich IPO
[ZURICH] The world’s biggest in-flight caterer Gategroup Holding has selected banks for an initial public offering, which could take place as soon as the second half of next year,...
MUFG’s next CEO Hanzawa seeks growth to close gap with global rivals
While widely seen as a safe choice, whether he can further elevate the group with 400 trillion yen in assets will be closely watched[TOKYO] Junichi Hanzawa, the next chief...
TotalEnergies wins 21-year deal to power Google data centres in Malaysia
The power supply contract is expected to take effect in the first quarter of next year[KUALA LUMPUR] France’s TotalEnergies said on Tuesday (Dec 16) it had signed a 21-year...
