Tokyo Gas unit nears $4.6 billion deal to buy U.S. natgas producer -sources

Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters David French and Shariq Khan Published Jan 03, 2023  •  2 minute read Join the conversation Article content A unit of Tokyo Gas Co Ltd is in advanced talks to buy U.S. natural gas producer Rockcliff Energy from private equity firm Quantum Energy … Read more

Diary investigators believe belongs to Times Square machete attack suspect includes last will and testament, sources say

CNN — A diary investigators believe belongs to the suspect in the attack on three police officers outside Times Square on New Year’s Eve ends with a last will and testament. According to multiple law enforcement sources, the last entry, dated December 31, begins with, “This will likely be my last entry,” and goes on … Read more

Suspect in New Year’s Eve machete attack on police near New York’s Times Square expressed desire in diary to join Taliban, die a martyr, sources say

CNN — The 19-year-old being held by New York City police as the suspect in a New Year’s Eve machete attack against three police officers just outside a Times Square security screening zone carried a handwritten diary that expressed his desire to join the Taliban in Afghanistan and die as a martyr, law enforcement sources … Read more

China’s Fosun seeks to sell stake in Alibaba’s logistics arm Cainiao- sources

Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Julie Zhu and Kane Wu Publishing date: Nov 23, 2022  •  0 minutes ago  •  2 minute read Join the conversation Article content HONG KONG — Debt-laden Chinese conglomerate Fosun International is seeking to offload a minority stake in Alibaba Group’s logistics arm Cainiao, … Read more

Asian buyout firm Navis eyes $350 mln raising in maiden private credit fund – sources

Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Publishing date: Nov 20, 2022  •  8 minutes ago  •  2 minute read Join the conversation Article content SINGAPORE — Asian buyout firm Navis Capital Partners is targeting a $350 million raising in an inaugural credit fund that will provide private lending mainly to Southeast … Read more

China regulators urge more financing support for property firms -sources

Breadcrumb Trail Links PMN Business Author of the article: Article content BEIJING — Chinese regulators have asked financial institutions to extend more support to property developers to shore up the country’s struggling real estate sector, two sources with direct knowledge of the matter said on Sunday. A notice to the institutions from the People’s Bank … Read more

Tesla has considered exporting EVs from Shanghai to US, Canada – sources

Breadcrumb Trail Links PMN Business Author of the article: Publishing date: Nov 12, 2022  •  23 minutes ago  •  4 minute read  •  Join the conversation Article content SHANGHAI — Tesla has considered plans for exporting made-in-China electric vehicles to the United States and Canada, two people with knowledge of the planning told Reuters, a step … Read more

At least $1 billion of client funds missing at failed crypto firm FTX – sources

Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Publishing date: Nov 11, 2022  •  23 minutes ago  •  3 minute read  •  Join the conversation Article content New York — At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter. The … Read more

Fate of management at Japan’s Toshiba a cause of friction for bidders and banks, sources say

Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Mayu Sakoda and Makiko Yamazaki and Takaya Yamaguchi Article content TOKYO — Disagreement over whether to keep Toshiba Corp’s management following a potential buyout caused friction between two of its suitors and is now stoking concern among banks, sources said, further complicating an … Read more

Lula transition team invites experts who helped stabilize Brazil economy in 1990s -sources

Breadcrumb Trail Links PMN Business Author of the article: Publishing date: Nov 05, 2022  •  17 minutes ago  •  1 minute read  •  Join the conversation Article content BRASILIA — Brazilian President-elect Luiz Inácio Lula da Silva’s transition team has invited two economists, Persio Arida and Andre Lara Resende, who helped design the Real Plan that … Read more