World Business News
India’s True North-advised fund buys significant minority stake in US-based Accion Labs for $93m
Indium VI (Mauritius) Holdings Limited, advised by Indian private equity firm True North, has acquired a significant minority stake in Accion Group Holdings, a Pittsburgh-based [more]
China’s Lihao raises $307m Series B round to speed up chip R&D, build new facilities
China’s Lihao Semiconductor, a manufacturer of semiconductor materials, has completed its Series B funding round at 2.2 billion yuan ($307.4 million) to invest in technological [more]
Asia Digest: Jameson Capital, TTB Partners ink strategic partnership; HarbourVest opens Australia office
Australia-based alternative asset management firm Jameson Capital and Hong Kong-based boutique investment and advisory firm TTB Partners have announced s strategic partnership. Separately, global private [more]
US-based Stonepeak invests in Singapore logistics platform Equalbase
US infrastructure and real estate investment firm Stonepeak has made a strategic investment in Sinagpore-headquartered Equalbase, an integrated development and management platform focused on the [more]
Lebanon to set session to elect new president on Sept. 29 – official source
BEIRUT (Reuters) - Lebanese parliament speaker Nabih Berri will call for a session to elect a new president on Sept. 29, an official source told [more]
Kremlin: sabotage cannot be ruled out as reason for Nord Stream damage
MOSCOW (Reuters) - The Kremlin said on Tuesday that it did not rule out sabotage as a reason behind the damage to the Russia-built network [more]
Bank of England says won’t take ‘risky bets’ to help City’s competitiveness
LONDON (Reuters) - The Bank of England's new objective of helping the financial sector remain globally competitive should not encourage risky bets on regulatory standards, [more]
EUR/AUD Bounce at the MEGATREND Moving Averages
The EUR/AUD is bullish and the price is trying to get the upside momentum so it could continue climbing back up. Read More
HSBC hires Goldman Sach’s Ma to lead North Asia global banking – memo
HONG KONG (Reuters) - HSBC has appointed Goldman Sachs partner Christina Ma as its head of global banking for North Asia, according to a memo [more]
Defence manufacturer Saab to produce Carl-Gustaf M4 weapons system in India
(Reuters) - Swedish defence products company Saab will manufacture its Carl-Gustaf M4 weapons system in India, a top executive said on Tuesday. Read More
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ThaiBev stays course in Vietnam to regain regional market lead
BANGKOK -- Thai Beverage Group will not be letting go of its "crown jewel," Vietnam's Sabeco Brewery, especially as beer consumption is recovering in the [more]
Singapore stocks track Wall Street lower; STI down 0.5%
SINGAPORE shares fell for the third session in a row on Tuesday (Sep 27), as the market tracked overnight Wall Street losses. Read More
PAS to make final decision on political cooperation soon, says Muhyiddin
Trending Now 27 September 2022. Tuesday -A+A PUTRAJAYA (Sept 27): PAS will make a final decision soon regarding its direction in political cooperation, whether to [more]
BNM, Bank Indonesia renew local currency bilateral swap agreement of up to RM8 bil
Trending Now 27 September 2022. Tuesday -A+A KUALA LUMPUR (Sept 27): Bank Negara Malaysia (BNM) and Bank Indonesia have renewed the local currency bilateral swap [more]
KLCI ends lower in mixed session
Trending Now 27 September 2022. Tuesday -A+A KUALA LUMPUR (Sept 27): Trading on Bursa Malaysia ended mixed on Tuesday (Sept 27), with the benchmark index [more]
TikTok faces $29 million fine from UK watchdog over child privacy violations · TechNode
The UK Information Commissioner’s Office (ICO) has warned that ByteDance-owned video platform TikTok could face a $29 million fine for failing to protect children’s privacy. [more]