By Yantoultra Ngui SINGAPORE, Jan 17 (Reuters) - Global investment firm KKR has appointed Goldman Sachs ( GS ) for the sale of its significant minority stake in Philippine fintech company Maya, according to two sources with knowledge of the matter. New York-headquartered KKR owns more than 20% of Maya and the potential sale, if it goes through, could value...

By Chen Aizhu SINGAPORE, (Reuters) - Up to 10% of China's oil refining capacity faces closure in the next ten years as an earlier-than-expected peak in Chinese fuel demand crushes margins and Beijing's drive to wring out inefficiency begins to squeeze older and smaller plants. Tighter U.S. sanctions enforcement under the incoming Trump administration could send more plants into the...

SINGAPORE (Reuters) -The yen was poised on Friday for its strongest weekly performance in over a month as expectations grow that the Bank of Japan will raise rates next week, putting the dollar on the back foot ahead of Donald Trump's return to the White House. Remarks from BOJ officials along with Japanese data that point to persistent price pressure...

BEIJING (Reuters) - (This Jan. 16 story has been corrected to show that it is Apple's worst performance in China for smartphone sales since 2016, not Apple's worst smartphone sales performance in China since 2016, in paragraphs 2, 5) Apple was dethroned as China's biggest smartphone seller in 2024, with local rivals Vivo and Huawei overtaking the iPhone maker after...