Culture
BYD monthly sales surge over the 400,000 mark for the first time
CHINESE automaking behemoth BYD set a new record for monthly deliveries, selling more than 400,000 vehicles in September for the first time.Passenger vehicle sales last month came in at...
US dollar gains as Fed’s Powell pushes back on jumbo rate-cut bets
THE US dollar rose broadly on Tuesday (Oct 1) after Federal Reserve chair Jerome Powell pushed back against bets on more supersized interest rate cuts.The yen steadied close to...
Lufthansa’s flagship airline to weigh on earnings report, CEO says
DEUTSCHE Lufthansa’s flagship airline has continued to weigh on earnings as Europe’s largest carrier grapples with high personnel costs, aircraft delays, and growing competition from the Middle East and...
AT&T to sell DirecTV holding to TPG for US$7.6 billion
The payments include US$1.7 billion in pre-tax quarterly distributions in the second half of this year and US$5.4 billion in after-tax distributions in 2025AT&T has agreed to sell its...
TPG, GIC to buy energy meter maker Techem for US$7.5 billion
Private equity firm TPG and Singapore sovereign wealth fund GIC agreed to buy German energy metering company Techem GmbH from majority owner Partners Group Holding for a total consideration...
Former SGX-listed HomesToLife prices Nasdaq IPO at US$4 a share
FURNITURE retailer HomesToLife has priced some 1.3 million ordinary shares for its initial public offering (IPO) at US$4 a share.
The counter is expected to start trading on the...
Abu Dhabi’s Adnoc to buy German chemicals company Covestro for 14.7 billion euros
ABU Dhabi’s state oil giant Adnoc agreed to buy German chemicals producer Covestro for 14.7 billion euros (S$21 billion), one of the biggest foreign takeovers by a Gulf state...
Meta says it will expand production of mixed reality headsets in Vietnam
META Platforms said on Tuesday (Oct 1) it will expand investment in artificial intelligence (AI) innovation in Vietnam, including production of its latest mixed reality headsets from 2025, its...
Nippon Steel subsidiary invests in Mlion, eyes stronger Asean foothold
The Japanese steel giant hopes to leverage Mlion’s position as a market leader in the steel sheet piling sectorSINGAPORE-headquartered foundation solutions company Mlion Corporation has received a minority investment...
Olam will not extend Namoi takeover bid; Louis Dreyfus ups rival offer to A$0.77 per share
OLAM Agri Australia will not declare its takeover offer for Australia’s Namoi Cotton free from its conditions, nor will it extend its offer beyond the closing date on Oct...
