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Business 21 Jan 2019 | 12:00 AM Premium

Shifting treasuries buyer base may be bond-market Achilles’ heel

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.

Business 26 Oct 2018 | 12:00 AM Premium

China’s HNA Group seeks buyer for ‘Dream Jet’

Cash-strapped company wants US$300mil for executive plane

Business 04 Oct 2018 | 4:17 AM Premium

Iran oil buyer and rival UAE may be cracking down on trade

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.

Property 04 Sep 2018 | 12:00 AM Premium

AsiaMalls selling Setapak Central Mall to S'pore company

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.

Business 23 Jan 2018 | 12:00 AM Premium

Noble to field approach from potential China buyer

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.

Corporate News 20 Sep 2017 | 7:05 AM Premium

Toshiba selects Bain group as buyer of its memory chip business

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.

Business 15 Jun 2017 | 12:00 AM Premium

Australia risks housing correction with foreign buyer tax hike

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.

Business 14 Jun 2017 | 12:00 AM Premium

It’s a buyer’s market for crude

LONDON: If a single ship can capture the current state of the global oil, it’s the supertanker Saiq, floating idly about 850km south of the Canary Islands.

Corporate News 13 Jun 2017 | 10:28 AM Premium

Petronas Dagangan finds new buyer for LPG unit in Vietnam

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.

Corporate News 23 Apr 2017 | 1:47 PM Premium

Petronas seeks partner, not buyer, for Sarawak gas field

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.