Entrepreneurship
Jefferies takes US$30 million hit on First Brands as profit drops
[NEW YORK] Jefferies Financial Group posted a drop in quarterly profit as the bank took a US$30 million pre-tax loss tied to the collapse of auto-parts supplier First Brands...
Oil falls after Trump reveals plan for Venezuelan oil
[NEW YORK] Oil prices fell on Wednesday as US President Donald Trump’s plan to refine and sell Venezuelan crude oil raised concerns about the long-term impact of US actions.US data on Wednesday showed...
European stocks cool as traders assess Venezuela fallout, economic data
EUROPEAN stocks ended flat on Wednesday, snapping a run of record closes as investors paused to digest the latest US-Venezuela developments and sifted through a fresh batch of economic...
Chinese AI server leader xFusion hires investment bank in first step towards listing
The Chinese authorities have fast-tracked IPOs in the AI and chipmaking sectors due to US’ curbs on high-tech exports[SHANGHAI] China’s leading artificial intelligence (AI) server provider xFusion has hired...
Chinese refiners expected to replace Venezuelan oil with Iranian crude
Analysts say the Venezuela drama hits ‘teapots’ the hardest, and do not foresee them bidding up for unsanctioned barrels[SINGAPORE] Chinese independent refiners are expected to switch to heavy crude...
Oil falls after Trump says Venezuela will supply to US
[LONDON] Oil prices fell on Wednesday (Jan 7) after President Donald Trump said the United States had reached a deal to import up to US$2 billion worth of Venezuelan...
Warner Bros rejects revised Paramount bid, sticks with Netflix
The offer hinges on ‘extraordinary amount of debt financing’ that heightens risk of closing, the board tells shareholders[LOS ANGELES] Warner Bros Discovery’s board has unanimously turned down Paramount Skydance’s...
Xiaomi begins pre-orders for spruced up version of SU7 sedan
The announcement comes as it faces increased public criticism over safety standards, following a number of accidents[BEIJING] China’s Xiaomi began taking pre-orders on Wednesday (Jan 7) for an upgraded...
ComfortDelGro, Grab, Strides extend help to drivers in a jam amid Autobahn car repossessions
[SINGAPORE] ComfortDelGro (CDG), Grab and Strides Premier are offering their vehicles on favourable terms to private-hire car drivers whose vehicles were repossessed by creditors of Autobahn Rent A Car.All...
Asian shares edge lower as global tensions climb, crude oil slumps
[TOKYO] Crude futures slid and resource shares climbed in Asian trading as markets absorbed the impact of political upheaval in Venezuela and the fate of its petroleum reserves. Oil prices continued...
