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NEW YORK: As the US government blows through its crisis-era borrowing record, surpassing US$1 trillion a year in debt sales, it’s relying on creditors who could make its deficit-financing even more costly.
DUBAI: The United Arab Emirates, which has a history of talking tough on Iran while still buying its oil, appears to be taking steps to comply with looming U.S. sanctions against the Islamic Republic’s energy industry.
PETALING JAYA: There has been quite a bit of buying and selling of neighbourhood malls in the past week and it would seem that the sale and purchase of a third mall is likely to be concluded soon. AsiaMalls Sdn Bhd, which has been in the news the past week, is said to have found a third buyer for one of the five malls in Malaysia.
BEIJING: Noble Group Ltd said it remains in talks with “potential strategic parties” after people familiar with the matter said a Chinese conglomerate had made an approach to shareholders of the commodities trader, which is separately attempting to restructure US$3.5bil in debt.
TOKYO: Japan’s Toshiba Corp has selected a group led by US private equity firm Bain Capital to buy its prized memory chip unit, three people with knowledge of the talks said on Wednesday, the latest dramatic twist to a highly contentious auction.
SYDNEY: Soon after Australia’s New South Wales state announced it was doubling the tax for foreigner home buyers earlier this month, calls started flooding in to Sydney-based real estate agent Shan Lin.
KUALA LUMPUR: Petronas Dagangan Bhd (PetDag), whose deal to sell its Vietnam-based unit Thang Long LPG Company Ltd to Totalgaz Vietnam LLC fell through in January this year, has sold the liquefied petroleum gas bottler and jetty owner to another party, Noi Thuong Bac Joint Stock Co.
KUCHING: National oil corporation Petronas is in the process of selecting a partner to co-develop its SK316 gas field in Sarawak, not looking to sell it as reported by some media, said its president and chief executive officer Datuk Wan Zulkiflee Wan Ariffin.