Volkswagen is in talks to sell its supercar brand Bugatti to Croatian entrepreneur Mate Rimac, Manager Magazin said on Thursday citing people familiar with the talks.
SAN FRANCISCO: Uber Technologies is planning to sell part of its US$6.3 billion stake in Chinese ride-hailing firm Didi Chuxing to raise cash, Bloomberg News reported on Thursday (Sep 17), citing people familiar with the matter. CEO Dara Khosrowshahi is in talks about the sale with Didi and ......
OPEC and allies, led by Russia, are scheduled to hold an online meeting on Thursday to discuss compliance with their agreed output cuts and demand trends amid falling oil prices and a faltering economic recovery outlook.
IN its first investment in a local entity since setting up shop in Singapore earlier this year, the Asian Development Bank (ADB) will inject US$95 million into Clifford Capital Holdings (CCH), spurring growth in the Temasek-backed company - especially in the area of sustainable infrastructure financing in...
BEIJING: China will need to approve ByteDance's proposed deal with Oracle Corp for its TikTok app, the Chinese company said on Thursday (Sep 17), indicating how its bid to stave off a ban in the United States could be further complicated. Oracle has submitted a proposal to the Trump...
MADRID: The global economic recovery from the crisis originated by the coronavirus pandemic may take as much as five years, the World Bank's chief economist Carmen Reinhart said on Thursday (Sep 17). "There will probably be a quick rebound as all the restriction measures linked to lockdowns are ......
Commerzbank's management shake-up continued on Thursday with the announcement that the board member responsible for private clients, Michael Mandel, would leave the German lender.
AMSTERDAM: Global green bond sales are heading for another record year as a flurry of September deals, including Germany's debut sovereign issue, have roused the market from a coronavirus-induced lull. Green issues, which source financing for environmentally beneficial expenditures, are crucial to ...
SINGAPORE: Construction demand this year is expected to plunge by billions of dollars, after COVID-19 battered the industry and brought projects to a standstill. The Building and Construction Authority (BCA) on Thursday (Sep 17) said it has revised its projected construction demand to between S$18 ...
Britain's accounting regulator said on Thursday it has fined Deloitte a record 15 million pounds (US$19.4 million) for its audit of software firm Autonomy that contained "serious and serial failures".
