Fashion
Oracle data centre plan hit as Blue Owl walks from US$10 billion deal: source
Blue Owl’s discussions with lenders and Oracle for an OpenAI-linked Michigan data centre stall after failed negotiationsOracle’s largest data centre partner, Blue Owl Capital, will not provide funding for...
Acrophyte Hospitality Trust unit to divest Hyatt Place Primacy Parkway hotel for US$7.8 million
[SINGAPORE] ARA USH Chicago, an indirect wholly owned subsidiary of Acrophyte Hospitality Management Trust (AHT), is selling a hotel in the United States for US$7.8 million.Located in Memphis, Tennessee,...
Singapore stocks slip despite improved 2026 growth outlook; STI down 0.1%
[SINGAPORE] Singapore stocks ended lower on Wednesday (Dec 17), even as private-sector economists turned more optimistic about the Republic’s growth outlook for 2026.The benchmark Straits Times Index fell 0.1...
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...
Warburg Pincus is said to near acquisition of Asian firm Acclime
The transaction may value the corporate services firm at US$950 million to US$1 billion [HONG KONG] Warburg Pincus is nearing a deal to acquire Asia-focused corporate services firm Acclime,...
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...
