Fashion
LG Energy Solution unit to sell US$2.86 billion US factory assets to Honda
This excludes land and equipment, and is meant to ‘improve joint venture operational efficiency’[SEOUL] South Korea’s LG Energy Solution (LGES) said on Wednesday (Dec 24) that its unit is...
Stocks to watch: Manulife US Reit, Nam Cheong
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Dec 24): Manulife US Real Estate Investment Trust (Manulife US Reit): The Reit...
ServiceNow agrees to buy cyber startup Armis for US$7.75 billion
The deal aims to deliver a strategic cybersecurity shield for real-time, end-to-end protection for all technology estates[NEW YORK] ServiceNow has reached a deal to buy the cybersecurity startup Armis...
Wall Street opens lower as yields rise after GDP data
[NEW YORK] US stock indexes opened lower on Tuesday (Dec 23) after stronger-than-expected economic data drove Treasury yields higher, weighing on heavyweight technology stocks.At 09.30 am ET, the Dow...
Mitsui OSK inks financing deal for Singapore LNG terminal with banks including DBS, OCBC
The deal is for a newbuild floating storage and regasification unit that will be operated by Singapore LNG Corporation [SINGAPORE] Mitsui OSK Lines (MOL) has signed a project finance...
Volare triggers mandatory offer for Alpha Integrated Reit following acquisition of ESR stake
Volare and its concert parties now control 41.27% of the total issued units by AI-Reit, formerly known as Sabana Reit[SINGAPORE] Mindarie Investment, a wholly owned subsidiary of Swiss-based Volare...
Telefonica to cut 5,500 jobs with total cost of 2.5 billion euros
The Spanish carrier has signed an agreement with unions to implement the exit plans[MADRID] Telefonica will book a cost of 2.5 billion euros (S$3.8 billion) to pay for the...
Ever Glory United to move to SGX mainboard on Dec 29; public offer 7.6 times subscribed
[SINGAPORE] Catalist-listed engineering services provider Ever Glory United will transfer to the mainboard of the Singapore Exchange (SGX) on Dec 29. Trading in its shares on the mainboard will...
China’s power reforms, global data centre buildout usher in battery boom
[BEIJING] A revamp of China’s electricity market is boosting the economics of storing power just as international demand surges, sparking a boom for the Chinese energy storage manufacturers that...
Uniqlo’s owner boosts new graduate pay as Japan faces inflation
UNIQLO owner Fast Retailing will raise base salaries for new graduates in Japan by as much as 12 per cent, stepping up efforts to secure and retain talent as...
