Business

Allianz Ends $2.2 Billion Acquisition Plan with Income Insurance Amid Regulatory Scrutiny 0
- Business
- 12/16/2024
German Insurer Withdraws Offer Citing Financial Prudence After Government Intervention Allianz has officially ended its bid to acquire a 51 per cent stake in Income Insurance for S$2.2 billion, citing financial discipline and regulatory challenges as key reasons behind the decision. The German insurer’s withdrawal marks the conclusion of a five-month pursuit to secure control
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IFC and HSBC Collaborate on US$1 Billion Facility to Strengthen Trade Financing 0
- Business
- 12/12/2024
Partnership Aims to Bridge Trade Finance Gaps in Emerging Economies The International Finance Corporation (IFC), a division of the World Bank Group, and HSBC Holdings have launched a joint US$1 billion risk-sharing facility to bolster trade financing in emerging markets. This initiative, announced on Thursday (12 December), will distribute risk equally between the two organisations,
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SingPost to Sell Australian Business for A$1 Billion to Private Equity Firm 0
- Business, Finance
- 12/02/2024
The move follows a strategic review and may lead to a special dividend after debt repayment.
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Sukanto Tanoto’s Son Purchases Fernhill Road Bungalow for S$21 Million 0
- Business
- 11/29/2024
Andre Tanoto acquires prime property in a sought-after district, with plans to build a new home.
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US Government Pushing for Google’s Sale of Chrome to Combat Search Monopoly 0
- Business
- 11/29/2024
The Justice Department seeks drastic measures, including selling Chrome and new data licensing rules, to curb Google’s dominance in search and AI markets.
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Former Partners Close Hawker Stall and Reflect on Business and Relationship Lessons 0
- Business
- 11/27/2024
After ending both their engagement and business venture, Jonathan Chng shares insights for couples contemplating joint entrepreneurship.
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