News
Chinese sovereign fund CIC to sell US$1 billion of US private equity investments: sources
[HONG KONG] Chinese sovereign investor China Investment Corporation (CIC) is selling about US$1 billion of its private equity (PE) investment portfolio in the secondary market, two sources with knowledge...
Salman Haider named head of Asean, CEO of Eastspring Singapore
This is in addition to his current role as chief distribution officer of the business[SINGAPORE] Eastspring Investments, the asset management business of Prudential, announced on Wednesday (Apr 30) that...
UBS Q1 profit tops expectations on tariff-driven volatility in markets
Published Wed, Apr 30, 2025 · 01:12 PMSWISS bank UBS on Wednesday posted better than expected first-quarter net profit, helped by stronger earnings in trading driven by market turbulence...
Chinese solar losses deepen even before worst of trump tariffs
[NEW YORK] Chinese solar manufacturers continue to plunge deeper into the red, and the outlook is getting gloomier as sky-high tariffs on exports threaten to compound domestic oversupply.Five of...
Pop Mart holder sells US$101 million stake after shares hit record
The toy company is the top gainer in the MSCI China Index over the last 12 months, with its shares jumping more than 470 per centPublished Wed, Apr 30,...
AIA Group’s value of new business jumps on strong Hong Kong sales
Published Wed, Apr 30, 2025 · 08:26 AMHONG Kong-based insurer AIA Group reported a 13 per cent rise in its first-quarter value of new business (VONB) on Wednesday, bolstered...
Electronic Arts lays off hundreds, cancels ‘Titanfall’ game
Published Wed, Apr 30, 2025 · 07:15 AM[NEW YORK] Electronic Arts (EA) is laying off hundreds of workers and cancelling a Titanfall game that was in development at its...
UK sets out new rules for crypto as it aligns with US on approach
[LONDON] Britain will bring cryptocurrencies under compulsory regulation, finance minister Rachel Reeves said on Tuesday as the government signalled it would cooperate closely with the United States on the...
Starbucks says turnaround on track as sales decline persists
[CHICAGO] Starbucks’ chief executive officer said he’s confident the company’s turnaround is progressing even though a key gauge of sales declined faster than expected in the latest quarter.Same-store sales...
“Diamonds in the rough”: New types of M&A players eye smaller SME deals in Singapore, Asean
[SINGAPORE] New types of buyers are emerging for small and medium-sized enterprises (SMEs). Unlike traditional private equity (PE) firms, these niche players are open to smaller deals and have...
