Wealths

Temasek expands US footprint with a wary eye

New York • Temasek Holdings Pte Ltd is developing an American accent. The Singaporean state investor, whose S$308 billion (RM913.04 billion) portfolio ...

Sorrell wins support of hedge fund Odey

Odey’s financial support for Sorrell is contingent on an acquisition that’s in the works
London • Martin Sorrell (picture) has won financial backing ...

Deutsche Bank fight to collect RM1.3b from Vik drags on

London • Deutsche Bank AG has been trying to collect hundreds of millions from Norwegian billionaire Alexander Vik since he lost an US$8 billion (RM32.4 ...

Rising oil cuts Gulf Arab energy borrowings to 2014 level

Dubai • Gulf Arab energy companies retreated from debt markets in the first half of 2018 (1H18) after a banner year for borrowing as higher oil prices ...
Starbucks Corp chairman Howard Schultz

Schultz to depart Starbucks, weighs a role in public service

Schultz, who helped Starbucks grow from 11 stores to more than 28,000 in 77 countries, will become chairman emeritus on June 26
Chicago • Starbucks ...
Thomas Flohr

‘Lunatic’ Swiss billionaire Flohr disrupts private-jet biz

New York • Thomas Flohr (picture) amassed a US$2 billion (RM7.96 billion) fortune by flying the global elite wherever they need to go. His VistaJet Group ...

Xiaomi’s IPO will make dozens of lucky workers millionaires

Their stake in the company may soon be worth RM4b to RM11.9b, depending on the stock sale
Hong Kong • Eight years ago, before China’s Xiaomi Corp had ...

Nordic wind profit rises, after averting ‘green bloodbath’

Stockholm • About a year ago, the Nordic region’s biggest lender warned of a “green bloodbath” among wind companies. Now, developers are discussing new ...

China trade truce may help give US LNG RM119.1b boost

New York • China’s appetite for US liquefied natural gas (LNG) may be about to get a lot bigger after the two nations agreed to pull back from the brink of ...

S’pore reputation seen at risk as Noble fight rages

SGX’s handling of its drawn-out battle for survival is being closely followed by overseas investors
SINGAPORE • Noble Group Ltd’s dissident ...

Bitcoin cash ‘burning’ claim adds fire to PR battle with bitcoin

PORTLAND • Bitcoin cash is the hottest cryptocurrency around right now for more reasons than you may imagine.
The offshoot of the biggest digital ...
West Ham United

A London soccer club is getting rich while losing

The money hasn’t translated to success on the eld
LONDON • Longtime Arsenal manager Arsene Wenger once described West Ham United’s recent move to ...