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The central banks of Indonesia and Singapore said last week that they had agreed to a bilateral deal for a $10 billion backstop to help maintain monetary and financial stability after a recent bout of turbulence in markets. The pact, which will be in place…
The deal has left tax payments unresolved and questions remaining about a potential market monopoly. Tax authorities in Ho Chi Minh City have once again sent a request to Grab in Vietnam asking the company to provide details concerning its recent acquisition…
SurfStitch creditors have approved a proposal from EziBuy to take over the embattled surfwear company and either relist or sell it in the next three years, bringing the online retailer’s drawn-out administration to a close on Wednesday. Nearly two-thirds of…
New Zealand will be trying to win over other members this weekend when TPP ministers get together in Hanoi on the sidelines of an APEC meeting. New Zealand is increasingly optimistic that the 11 remaining countries of the Trans-Pacific Partnership (TPP) will…
Bank Indonesia (BI) and the Bank of Korea signed a bilateral currency swap arrangement (BCSA). Through the deal, both central banks will be able to swap currencies for a value of KRW 10.7 trillion or Rp115 trillion. The agreement was signed by BI governor…
Bharti Airtel is reportedly in advanced negotiations to buy out Telenor’s Indian operations through a debt acquisition deal. Airtel is planning to take on debt of around 15 billion rupees ($219.6 million) from Telenor by way of payment for the purchase.…
Huawei’s solar business has received a boost with a deal to partner with Filipino renewables generator Citicore Power. The deal, announced in Shenzen on Wednesday and reported in the Filipino press, will see the two companies partner up to deliver solar…
Turner and Snap are expanding their partnership by bringing new brands to Snapchat’s Discover platform, extending live coverage of Turner’s premium sports events, and working with several Turner brands to develop Snapchat shows. The deal encompasses content,…
Nokia has announced it has completed the transactions that will allow HMD Global to become the new brand licensee for Nokia feature phones, smartphones and tablets. HMD Global has secured an exclusive global brand license for a 10-year term. HMD was created…
Ooredoo Maldives has contracted mobile satellite services provider Thuraya to supply fisheries and resorts in the tropical nation with satellite-based voice and broadband connectivity. The operator yesterday launched Thuraya SatSleeve+ and SatSleeve Hotspot…
Ericsson has signed a slate of deals with leading content distributors for its subscription video on demand (SVOD) service Nuvu, acquiring more than 2,500 hours of content from international distributors including Viacom (MTV, BET, Nickelodeon), MGM, CBS, Al…
India’s Reliance Jio Infocomm is reportedly on the verge of securing a long-term partnership with Apple covering the supply of VoLTE iPhones for the operator’s upcoming 4G network. Executives from Reliance Jio parent Reliance Industries and Apple recently…
The International Finance Corporation, the World Bank Group’s private lending arm has signed for a $25 million loan to be provided to City Mart Holding Company Limited, the largest private retail group in Myanmar, to finance the expansion of the retail…
