Nvidia to invest US$1 billion in Nokia in AI networking push
Nvidia Corp. plans to make a US$1 billion equity investment in Nokia Oyj, an apparent vindication of the Finnish company’s pivot from mobile networking kit into artificial intelligence by…
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Temasek-backed consortium to take China’s ANE private at HK$14.33 billion valuation
[SINGAPORE/HONG KONG] ANE (Cayman) said on Tuesday (Oct 28) a consortium comprising its largest shareholder, Singapore’s Temasek Holdings, Centurium Capital, and True Light have offered to…
Singapore's Lighthouse Canton to invest over US$1.5 billion in India; eyes private credit, real estate
Singapore-based asset manager Lighthouse Canton plans to invest over US$1.5 billion in India in the next few years, with a focus on private credit and real estate, senior executives told…
Indonesia’s Chandra Asri in talks with lenders to fund US$1 billion deal to buy Singapore’s Esso stations
Chandra Asri Pacific, an Indonesian energy and chemicals firm, is in talks with competing consortiums of lenders for loans to back its US$1 billion purchase of Esso-branded service…
SGX ETF market hits record S$16.3 billion AUM in Q3 on strong gold, Reit demand
It records net inflows of S$736 million in the quarter, bringing the total to S$1.4 billion in the year to date The exchange-traded fund (ETF) market on the Singapore Exchange (SGX) hit a…
Foxconn to invest up to NT$42 billion in AI compute cluster, supercomputing centre
The investment will be made from December 2025 to December 2026 using its own funds Taiwan’s Foxconn said that its board of directors has approved an investment plan to procure equipment…
Meituan seeks to raise US$3 billion in dual-currency bond sale
The company operates online platforms for food delivery and other consumer products Meituan plans to raise around US$3 billion in what would be its largest regular bond issuance ever, as…
Hong Kong Jockey Club sells US$1 billion portfolio to Canada firm
The entity has multiple exclusive legal betting licenses granted by the government on activities including horse racing and football wagering The Hong Kong Jockey Club has sold US$1…
Huawei EV partner Seres seeks HK$13.2 billion in Hong Kong listing
Seres Group started taking investor orders for a Hong Kong listing that may raise as much as HK$13.2 billion (S$2.2 billion), making the electric-vehicle (EV) maker the latest big Chinese…
SoftBank-backed Lenskart IPO to raise as much as 72.8 billion rupees
The local market for new listings is on track for a record month and possibly have its best year ever in 2025 Eyewear retailer Lenskart Solutions said that its upcoming initial public…
HSBC to book US$1.1 billion provision after Luxembourg court ruling in Madoff case
HSBC Holdings said on Monday it will recognise a provision of US$1.1 billion in its third-quarter results after a Luxembourg court ruling in a long-running lawsuit tied to the Bernard…
Novartis agrees to buy Avidity in US$12 billion biotech deal
Novartis agreed to buy biotechnology company Avidity Biosciences in a deal that values it at US$12 billion, according to the Swiss drugmaker. Novartis will pay US$72 a share in cash,…
Ex-Citibank Manager Jailed 24 Months Over Role in S$3 Billion Money Laundering Scandal in Singapore
A former relationship manager with Citibank Singapore has been sentenced to two years' jail for multiple offences involving forgery, money laundering, and obstruction of justice. Wang…
Meituan plans debut dim sum bonds in up to 10 billion yuan sale
The company has faced an increasingly crowded field in China’s food delivery sector, where rivals have been slashing prices Chinese food delivery company Meituan is looking to raise nine…
Indonesia launches 6 billion yuan dim sum bond, to be listed on SGX
The bond offers yields of 2.5% on five-year notes and 2.9% on the 10-year tranche Indonesia has launched its debut offshore renminbi-denominated, or dim sum, bond, raising six billion yuan…
ST Engineering bags new contracts worth S$4.9 billion in Q3 2025
For the nine months ended Sep 30, the company’s total contract wins amount to S$14 billion ST Engineering on Thursday (Oct 23) announced that it secured S$4.9 billion in new contracts in…
MBS Q3 earnings reach nearly S$1 billion following hotel renovation completion
Parent company LVS is optimistic about growth, citing its expansion project and Singapore’s attractiveness as a destination Integrated resort and casino operator Marina Bay Sands (MBS)…
PacificLight appoints Mitsubishi Power and Jurong Engineering to build S$1 billion hydrogen-ready power plant
PacificLight Power announced on Thursday (Oct 23) that it has appointed a consortium comprising Jurong Engineering Limited (JEL) and Mitsubishi Power to build its S$1 billion…
Former Citi, Julius Baer bankers to plead guilty in S$3 billion money laundering scandal
TWO former bankers at Citigroup and Julius Baer Group are set to plead guilty for their alleged roles in aiding the movement of illicit funds by several people convicted in Singapore’s…
Former Citi banker gets longest sentence in S$3 billion money laundering scandal
Former Julius Baer Group Ltd. banker Liu Kai is scheduled to plead guilty on Friday A former wealth banker at Citigroup Inc. got the longest sentence in Singapore’s biggest money…
Former Citi banker Wang Qiming gets longest sentence in S$3 billion money laundering scandal
A former wealth banker at Citigroup got the longest sentence in Singapore’s biggest money laundering case for his role in aiding the movement of illicit funds and obstructing justice. Wang…
Chipmaker Yangtze Memory weighs over US$40 billion China IPO next year: sources
Yangtze Memory Technologies is considering an initial public offering in mainland China at a valuation that could exceed US$40 billion, according to people familiar with the matter, in…
JPMorgan Chase opens $3 billion NYC headquarters, reshaping the city’s skyline
JPMorgan Chase unveiled its new 60-story headquarters to the public on Monday, one of the first major office buildings to be constructed after the COVID-19 pandemic and one that will…
Chipmaker CXMT plans Shanghai listing with 300 billion yuan valuation: sources
[BEIJING/SINGAPORE] Chinese memory chipmaker ChangXin Memory Technologies (CXMT) plans an initial public offering in Shanghai as soon as the first quarter of next year, eyeing a valuation…