Convicted former Goldman Sachs banker joins efforts to recover 1MDB fund assets
A former Goldman Sachs executive who was convicted in the United States for his involvement in the embezzlement of a Malaysian sovereign wealth fund has [more…]
Category: Business
Bristol-Myers announces acquisition of Mirati in a potential $5.8 Billion transaction
Bristol-Myers Squibb has announced its acquisition of Mirati Therapeutics for a potential sum of $5.8 billion, signaling a strategic move to expand its presence in [more…]
MTR Lab and Gobi Partners invest $5.9 million into a Hong Kong tech firm for a greener future
Hong Kong-based construction tech company isBIM has received an investment of HK$46.8 million (US$5.9 million) from MTR Lab and venture capital firm Gobi Partners GBA. [more…]
Alibaba’s Lazada, Southeast Asia’s e-commerce platform, reaching out to merchants impacted by Indonesia’s social media restrictions
Lazada, which is an e-commerce marketplace in Southeast Asia owned by Alibaba, is actively seeking sellers affected by Indonesia’s latest e-commerce regulation. This information was [more…]
UK’s Metro Bank struggles to raise capital amidst turmoil
According to analysts, Metro Bank in the UK is facing difficulties in raising fresh capital to bolster its balance sheet. The beleaguered bank’s stock has [more…]
Indonesia’s Investree secures around $231 million in its series D funding round and ventures into the Middle East market
Indonesian online lending firm Investree is in the process of securing approximately 220 million euros (US$230.8 million) in series D funding through a joint venture [more…]
Major plunge in Alstom shares as company slashes cash flow forecast
Alstom, the French train manufacturer, experienced a shocking 35% drop in its shares on Thursday after announcing a significant reduction in its free cash flow [more…]
Resolution reached in U.S.-Mexico labor dispute at Grupo Yazaki auto parts factory
In a significant development, the labor complaint at Grupo Yazaki’s auto parts factory in Guanajuato, Mexico, has been successfully resolved under the United States-Mexico-Canada Agreement [more…]
UBS offers above market deposit rates to attract customers after acquiring Credit Suisse
UBS is making a bold move to attract customers by offering higher-than-average interest rates on deposits. This strategy comes after UBS took over struggling bank [more…]
Over 75,000 employees to go on strike at numerous Kaiser Permanente healthcare facilities throughout the U.S.
In an unprecedented move, workers at Kaiser Permanente, the nation’s largest healthcare nonprofit, have initiated a strike. Over 75,000 union members are walking out of [more…]