Ripple-tied treasury firm to raise over US$1 billion to go public
The companies have funded tens of billions of US dollars purchases of their target tokens and enjoyed hefty premiums when investors were bullish on the market A company whose primary…
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U.S. and Australia sign $8.5 billion critical-minerals deal to counter China
President Donald Trump and Australian Prime Minister Anthony Albanese signed a critical-minerals deal at the White House on Monday as the U.S. eyes the continent’s rich rare-earth…
PM Pham Minh Chinh Says Vietnam's Economy Surpasses US$500 Billion in 2025
During the 10th session of the 15th National Assembly on Monday, October 20, Vietnamese Prime Minister Pham Minh Chinh stated that the country's GDP has grown from 346 billion US dollars…
Global companies hit by more than US$35 billion in US tariffs, but outlook stabilising
GLOBAL companies have flagged more than US$35 billion in costs from US tariffs heading into third-quarter earnings, but many are lowering their initial forecasts as new trade deals reduce…
Emirates NBD plans to invest US$3 billion in India’s RBL Bank
Emirates NBD bank will invest as much as US$3.1 billion in India’s RBL Bank in the biggest foreign investments in the country’s financial sector and underscoring growing overseas interest…
China's Sany Heavy Industry seeking up to HK$12.4 billion in HK listing
Sany Heavy Industry is seeking to raise as much as HK$12.4 billion (S$2.1 billion) through its Hong Kong listing, a filing showed on Monday (Oct 20), as the machinery maker taps into…
Asteroid Ryugu's Ancient Past Exposed: Evidence of Water Flowing for a Billion Years Found!
They may be tiny, ancient chunks of rock, but asteroids never fail to capture scientists' attention. These wandering space bodies aren't just relics from the solar system's early days —…
Morgan Stanley sells US$8 billion high-grade bonds
Morgan Stanley priced an US$8 billion investment-grade bond sale on Friday (Oct 17), the third such deal by a major Wall Street firm this week following the release of third-quarter…
Meta, Blue Owl seal US$30 billion private capital deal for AI
Structured investments are becoming more in demand as insurers and other types of investors search for debt tied to assets Mark Zuckerberg’s Meta Platforms is set to seal an almost US$30…
Blackstone, TPG near Hologic deal for more than US$17 billion
The parties are currently discussing a price of above US$75 a share, according to sources Blackstone and TPG are in advanced negotiations to acquire Hologic in a deal that could value the…
Administration stops $11 billion in Army Corps of Engineers' projects due to shutdown
White House Office of Management and Budget Director Russell Vought announced Friday that $11 billion in Army Corps of Engineers' projects will be paused and potentially canceled because…
First Reit to divest Imperial Aryaduta Hotel & Country Club for 332.2 billion rupiah
Property is a non-core legacy asset within the healthcare-focused Reit’s portfolio that was already identified for disposal First Real Estate Investment Trust (Reit) has agreed to divest…
Trump's tariffs helped tame deficit in 2025, brought in $118 billion in new money
President Trump's tariffs have helped to tame the federal deficit, the Treasury Department reported Thursday, with the extra $118 billion in customs revenue helping to limit the damage…
Salesforce jumps as US$60 billion forecast eases revenue growth concerns
Salesforce shares jumped more than 6 per cent in premarket trading on Thursday (Oct 16). This is after the company forecasted faster revenue growth in the coming years, easing concerns…
Chinese data centre firm GDS aims to raise over US$1 billion for international unit DayOne: sources
GDS is aiming to build up DayOne into an independently run and separately listed unit in the mid to long term GDS Holdings, one of China’s largest data centre operators, is seeking to…
Hyundai pivots to hybrids as it unveils US$5 billion India plan
The move comes as the automotive industry has moved away from ambitious targets for EV sales outside of China, following a hybrid-oriented path pioneered by Toyota Motor Hyundai Motor is…
BlackRock, Nvidia-backed group buys Aligned Data Centers for $40 billion
An investor group including BlackRock, Microsoft, and Nvidia is buying one of the world’s biggest data center operators with nearly 80 facilities in a deal worth $40 billion to secure…
LVMH surges to biggest daily jump in 20 years as China demand sparks US$80 billion luxury rally
The strong sales figures surprise investors and are expected to sustain momentum in luxury stocks [PARIS/LONDON] LVMH shares had their best day in over two decades on Wednesday (Oct 15)…
Argentina's Javier Milei arrives at White House after $20 billion currency swap
President Trump is meeting with Argentine President Javier Milei at the White House just days after the U.S. gave the Latin American country a bailout in the form of directly purchasing…
Salesforce to invest $15 billion in San Francisco to advance AI
Software giant Salesforce is planning to invest $15 billion in San Francisco over the next five years to strengthen the city’s dominance in artificial intelligence. “This $15 billion…
Feds Seize Record-Breaking $15 Billion in Bitcoin From Alleged Scam Empire
Over the past five years, criminals behind widespread romance and investment scams—often inelegantly referred to as “pig butchering”—have stolen tens of billions from people around the…
GM takes a $1.6 billion hit as EV tax credit ends and it rethinks its strategy
General Motors said on Tuesday it would take a $1.6 billion charge in the third quarter as it reshapes its electric vehicle strategy following the scrapping of a key federal incentive, a…
Swiss court says 16.5 billion Swiss francs bond write-off in Credit Suisse rescue was unlawful
A Swiss court on Tuesday (Oct 14) said the Swiss financial market regulator’s 2023 decision to write off 16.5 billion Swiss francs (S$26.7 billion) worth of Credit Suisse bonds was…
JPMorgan seeks to double Asia assets to US$600 billion by 2030
The company has managed US$302 billion in the region at the end of 2024, according to its financial filing JPMorgan Asset Management wants to double its Asia-Pacific assets under…