Business
Sunway’s $2.7 billion conditional takeover offer for IJM Corp has expired after the company failed to meet the required acceptance threshold by the 5 p.m. deadline, effectively ending the Malaysian conglomerate’s bid for the construction and property group. Sunway stated it respected IJM......
Grab Holdings has agreed to acquire foodpanda’s delivery business in Taiwan for $600 million in cash, marking the Singapore-based company’s first expansion outside Southeast Asia. The deal will extend Grab’s footprint to a ninth market, adding operations in 21 Taiwanese cities and......
Banks, hedge funds and insurers spent the weekend racing to map out their exposure to the Middle East as the escalating confrontation between Iran, the United States and Israel disrupted markets, travel and business operations across the Gulf. The latest round of strikes, which hit targets in the United......
