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Golden Village-Cathay merger proposed; will become Singapore’s largest cinema operator if approved

SINGAPORE: Media company mm2 Asia, which owns eight cinemas under the Cathay brand, announced on Wednesday (Dec 9) it has entered into a Heads of Agreement for the possible merger of its cinema business with Golden Village cinemas in Singapore, which is owned by Orange Sky Golden Harvest ...

Markets

Exclusive: Cannabis review site Weedmaps nears US$1.5 billion deal to go public – sources

The operator of U.S. online platform Weedmaps, where users rate cannabis sellers, is nearing a deal to go public at a US$1.5 billion valuation through a merger with a blank-check acquisition firm, people familiar with the matter said on Wednesday.

Markets

Keppel Reit obtains A$300m in green loans from UOB, BNP Paribas

KEPPEL Reit has obtained A$300 million (S$299.8 million) in green loans from UOB and BNP Paribas, its manager said on Wednesday evening in a bourse filing.

Markets

China’s foreign coal push risks global climate goals

China's plan to fund dozens of foreign coal plants from Zimbabwe to Indonesia is set to produce more emissions than major developed nations, threatening global efforts to fight climate change, environmentalists have warned.

Markets

Oil rises on vaccine rollout, concern on Iraq oilfield attack

Oil prices rose in early trade on Thursday, buoyed by a COVID-19 vaccine rollout in Britain and the imminent approval of a vaccine in the United States, which could spur a rebound in fuel demand, despite a large build in U.S. crude stocks last week.

Markets

Biden picks Capitol Hill staffer Tai as US trade ‘czar’ – sources

President-elect Joe Biden has selected Katherine Tai, the chief trade lawyer for the House Ways and Means Committee, to serve as U.S. trade representative, four sources familiar with the decision said on Wednesday.

Markets

Sony to buy AT&T’s anime business for US$1.18 billion to expand global footprint

AT&T Inc has agreed to sell its Crunchyroll anime business to Sony's Funimation Global Group, LLC, in a US$1.18 billion deal, Sony Pictures Entertainment Inc and AT&T said in a joint statement on Wednesday.

Markets

US SEC says General Electric to pay US$200 million penalty for misleading investors

The U.S. Securities and Exchange Commission said on Wednesday that General Electric Co has agreed to pay a US$200 million penalty to settle charges for disclosure failures in its power and insurance businesses.

Markets

Airbnb prices shares above target in 2020’s biggest US IPO -source

:Airbnb Inc on Wednesday sold shares in its initial public offering (IPO) on Wednesday at US$68 apiece, above its targeted price range, to raise around US$3.5 billion, according to a person familiar with the matter.

Markets

AT&T to sell Crunchyroll unit to Sony’s Funimation in US$1.18 billion deal

AT&T Inc has agreed to sell its Crunchyroll anime business to Sony's Funimation Global Group, LLC, in a US$1.18 billion deal, Sony Pictures Entertainment Inc and AT&T said in a joint statement on Wednesday.

Markets

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