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Pavilion Energy imports first LNG cargo for S’pore

Bloomberg Singapore’s state-owned natural gas importer brought in its first cargo of a super-chilled form of the fuel for domestic use. Pavilion Energy Pte, owned by Singapore’s Temasek Holdings Pte, unloaded the liquefied natural gas cargo from the tanker Al Oraiq. Pavilion last year became one of two companies, along with Royal Dutch Shell Plc, to be granted a license ...

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SoftBank borrows $8bn from banks using Alibaba stake

Bloomberg SoftBank Group Corp., the Japanese technology giant, used its stake in online retailer Alibaba Group Holding Ltd. as collateral for an $8 billion loan from a group of banks in what is one of the biggest deals of its kind, according to people familiar with the matter. Morgan Stanley, Citigroup Inc., Goldman Sachs Group Inc., Bank of America Corp. ...

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China’s P2P lender Weidai plans $400 million IPO

Bloomberg Chinese peer-to-peer lender Weidai Hangzhou Financial Information Service Co. is planning an initial public offering that could raise about $400 million, according to people with knowledge of the matter. Weidai, which means “microlending” in Chinese, aims to sell shares in the US as soon as this year, the people said, asking not to be identified because the information is ...

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