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UK grid mega-deal throws spotlight on once-unloved assets
LONDON: The transition to clean energy is turning the previously dull world of grid infrastructure into one of the hottest investments.
Indonesia eyes double-digit growth in exports, investment through RCEP
JAKARTA (The Jakarta Post/ANN): The Indonesian government is expecting the mega deal Regional Comprehensive Economic Partnership (RCEP) to help Indonesia book double-digit growth in exports and investment within five years after it comes into force, a top official has stated.
China threatens to kill TikTok deal over ‘dirty’ Trump tactics
Just a few days ago, the TikTok deal looked like a win for China. Now its state-run media are denouncing it as “an American trap” and a “dirty and underhanded trick”.
India's Reliance denies plans for Amazon mega-deal
Indian conglomerate Reliance denied a report on Sept 10 that it was planning to sell a US$20bil (RM83.35bil) stake in its retail business to US rival Amazon in a deal that could upend the country's hugely lucrative e-commerce sector.
Axiata-Telenor merger proposal may be called off
PETALING JAYA: All indications point to the mega-merger of the Asian telecoms assets of Axiata Group Bhd and Norway’s Telenor ASA being called off, barring a last-minute concession made by parties involved in the negotiations.
Warren Buffett distracts from ‘mind-numbing’ earnings
AS a larger-than-life CEO, Warren Buffett tends to overshadow anything happening within his US$500bil conglomerate, Berkshire Hathaway Inc. Case in point: An entirely inconsequential charity lunch that’s been cancelled between the billionaire and a Chinese cryptocurrency entrepreneur has gotten far more attention than quarterly earnings report from Berkshire will.
Renault’s 20-year marriage with Nissan may be in trouble
TOKYO: Stung by the shock arrest of their leader, and now a failed deal to create one of the world’s biggest automakers, decades-long partners Renault SA and Nissan Motor Co may have finally reached boiling point in their relationship.
Three Gorges’ US$10bil rethink dashes M&A revival hopes
HONG KONG: When China Three Gorges Corp offered more than US$10bil last year to take over Portugal’s biggest power utility, bankers rejoiced that the flow of Chinese outbound acquisitions had started up again.
Even shrewd Buffett's Berkshire does not escape equities slide
Sinking stocks and deteriorating prospects from an investment in Kraft Heinz Co pummeled the bottom line of Warren Buffett's Berkshire Hathaway Inc, which on Saturday reported a huge quarterly net loss even as operating profit soared.
