REUTERS: Tesla Inc launched issues of new shares and debt worth more than US$2 billion on Thursday, with Chief Executive Officer Elon Musk pitching in US$10 million as the electric carmaker gave in to Wall Street pressure to bolster its cash reserves. Analysts have been predicting for months that...
SINGAPORE: There has been no disruption to the supply of fruits and vegetables from Malaysia, said the Singapore Food Agency (SFA) on Thursday (May 2), a day after a deadline for Malaysian exporters to meet a certification requirement. The May 1 deadline, imposed by the Malaysian Health Ministry ...
PARIS: European governments and companies will form an alliance for developing next-generation batteries for electric vehicles, investing five to €6 billion (US$5.6 to US$6.7 billion) in the project, the French and German finance ministers said Thursday (May 2). France's Bruno Le Maire said a ...
WASHINGTON: The US State Department allowed at least seven foreign governments to rent luxury condominiums in New York's Trump World Tower in 2017 without approval from Congress, according to documents and people familiar with the leases, a potential violation of the US Constitution's emoluments ...
UBS Group had to go to court in France to fight charges that the Swiss bank helped wealthy clients dodge taxes because it was unable to strike a reasonable settlement, Chairman Axel Weber told shareholders on Thursday.
SINGAPORE-BASED corporate services provider In.Corp Global has acquired RHT Corporate Advisory, RHT Holdings' corporate advisory business. Both firms declined to disclose the value of the acquisition.
Canada's Bombardier Inc will face pressure from skeptical investors at an annual meeting on Thursday about whether the plane-and-train-maker's turnaround plan is still on track as its transportation division grapples with delayed rail contracts.
SINGAPORE: No Signboard Holdings said on Thursday (May 2) that its chief executive officer Lim Yong Sim was arrested earlier this week by local authorities and has been released on bail. The arrest on Apr 30 was made on “reasonable suspicion” that sections of the Securities and Futures Act...
GENEVA: Washington has signed more than US$1 billion in new missile contracts in the three months since it announced plans to withdraw from a key Cold War-era arms treaty, campaigners said Thursday (May 2). "The withdrawal from the INF Treaty has fired the starting pistol on a new Cold...
NEW YORK: Vegan burger upstart Beyond Meat, whose backers include Hollywood star Leonardo DiCaprio and Microsoft founder Bill Gates, has raised US$241 million from its initial public offering, valuing the firm at about US$1.5 billion as it surfs a wave of flexitarianism. The California-based firm ...
