Markets

Venezuelan state-owned oil company PDVSA expects its crucial crude upgraders to operate well below capacity this month, according to industry sources and documents seen by Reuters, as U.S. sanctions and energy blackouts hit the OPEC nation's oil industry.

WASHINGTON: US President Donald Trump said on Thursday (Apr 4) a trade deal with China was getting very close and could be announced in about four weeks, but warned it would be difficult to let China keep trading with the United States if remaining issues were not resolved. Speaking to...

MASAYOSHI Son is a very clever man. SoftBank Group, his giant Japanese conglomerate, is in talks with investors to add as much as US$15 billion to its Vision Fund, according to Bloomberg News. The US$100 billion venture capital fund has already deployed more than US$70 billion in tech companies. ...

KEPPEL Reit has priced a S$200 million offering of five-year convertible bonds at the most favourable end of price talk for investors, suggesting tepid response to the deal.

UNITED Overseas Bank (UOB) chief executive Wee Ee Cheong was paid S$10.56 million in 2018, up 12 per cent from the S$9.4 million he got in 2017.

MERGERS and acquisitions (M&A) deal value in Asia-Pacific excluding Japan "nosedived" 24.5 per cent for the first three months of 2019 to 666 deals worth US$119.9 billion - its lowest since the first quarter of 2014, amid economic headwinds and the unresolved US-China trade war. Notable exceptions...

UNITED Overseas Bank (UOB) chief executive Wee Ee Cheong was paid S$10.56 million in 2018, up 12 per cent from the S$9.4 million he got in 2017.

DUTCH lender ING, as the sole mandated lead arranger, has brokered a S$50 million loan deal for Singapore sustainable energy firm Sunseap Group. The loan will fund a 50 megawatt portfolio of rooftop solar projects in the Republic.

A GLOBAL slowdown in mergers and acquisitions (M&A) activity in the first quarter of 2019 was precipitated by great market volatility, US-China tensions, Brexit anxiety and strengthening economic headwinds, deal intelligence service Mergermarket said in a report on Wednesday.

MORE than eight in 10 (83 per cent) of Singapore’s chief financial officers (CFO) find it challenging to source qualified finance professionals, according to a survey by recruitment consultancy Robert Half.