Fashion
Warburg Pincus to invest up to US$1 billion in corporate services firm Acclime
The private equity firm beat rival firms Carlyle Group, Blackstone, KKR and TPG in a bidding race[SINGAPORE] American private equity firm Warburg Pincus on Wednesday (Dec 17) announced that...
Warburg Pincus invests in corporate services firm Acclime, valuing it at US$1 billion
The private equity firm beat rivals Carlyle Group, Blackstone, KKR and TPG in a bidding race[SINGAPORE] American private equity firm Warburg Pincus on Wednesday (Dec 17) announced that it...
Top Glove Q1 profit surges more than 600% as costs fall
The glove maker reports a drop in operating expenses to RM842.9 million for the quarter[SINGAPORE] Malaysian glove maker Top Glove on Wednesday (Dec 17) reported a 605 per cent...
Top Hong Kong crypto exchange HashKey makes market debut
[HONG KONG] Hong Kong’s biggest licenced cryptocurrency exchange began trading on Wednesday (Dec 17) as the city pushes to become a global hub for the technology despite Beijing’s tough...
High coffee prices are changing how consumers take their daily brew
The median price of a regular cup of coffee on menus across the US has risen almost 20% since early 2023[LONDON] Global coffee prices rose to record highs this...
Amazon in talks to invest in OpenAI, source says
AMAZON is in discussions to invest in OpenAI, the developer of ChatGPT, in a potential deal that could value the artificial intelligence company at over US$500 billion, a source...
Asian markets drift as US jobs data fails to boost rate cut hopes
ASIAN equities fluctuated on Wednesday as mixed US jobs data did little to boost expectations for another interest rate cut next month, while oil rallied after Donald Trump ordered...
Coupang CEO fails to appear at South Korean parliamentary hearing on data breach
[SEOUL] The founder of South Korea’s Coupang failed to appear before a Wednesday parliamentary hearing about the massive data breach at the e-commerce giant, angering lawmakers who said they...
Japan’s Mizuho to buy majority of India’s Avendus from KKR for up to 81 billion yen
[TOKYO] Japan’s Mizuho Securities on Wednesday (Dec 17) said that it will buy a majority stake in Indian investment bank Avendus from US investment firm KKR for up to...
Gold ticks higher as US unemployment climbs in November
[BENGALURU] Gold climbed on Wednesday (Dec 17) after a US jobs report showed the unemployment rate rose in November, buoying bets of further US interest rate cuts next year...
