New York mayor sues social media firms
New York City mayor Eric Adams says that his administration has filed a lawsuit against social media companies including Meta…
Corporate News
BHP flags US$5.7bil impairments on Samarco dam failure, nickel operations
MELBOURNE: BHP Group will record another $3.2 billion impairment in relation to its Brazilian Samarco dam failure, and a $2.5…
Adani Green Energy likely to tap US dollar bond market
India’s Adani Green Energy is likely to raise US$500mil by issuing US dollar bonds in March, two officials aware of…
Pansar bags RM130mil contract
Pansar Bhd’s wholly owned subsidiary, Perbena Emas Sdn Bhd, has won a construction contract worth RM129.99mil from Borneo Development Corp…
Airbnb exceeds expectations for 2023
Airbnb Inc ended 2023 stronger than analysts had expected and gave an optimistic outlook for the start of this year,…
NEC spurns offers for stake in iPhone supplier
Japan’s NEC received multiple buyout offers from global private-equity funds for iPhone supplier Japan Aviation Electronics Industry (JAE) before agreeing…
BlackRock’s ESG fund business soaring
Despite a barrage of Republican attacks, lacklustre returns and diminishing client interest in the United States, BlackRock Inc has been…
Developer China South City’s woes test state
A Chinese property developer that’s partially owned by a state-run firm has issued its strongest warning yet over a bond…
China’s BYD planning new electric vehicle plant in Mexico
China’s BYD Co Ltd will set up a new electric vehicle (EV) factory in Mexico, Nikkei reported yesterday, citing the…