Intel’s US$25 billion rally sends valuation to dot-com levels
The company’s premium valuation is largely a reflection of just how much its profitability has collapsed in recent years After months of turbulence, Intel bulls are finally being…
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CapitaLand Investment to advise Malaysian developer Astaka on retail strategy for RM1.2 billion Johor development
The project is expected to benefit from the formation of the Johor-Singapore Special Economic Zone CapitaLand Investment (CLI) will provide retail advisory services to Malaysian property…
Wahaha heiress Kelly Zong to appeal over frozen US$1.8 billion HSBC account
China beverage heiress Kelly Zong is seeking to appeal two orders imposed on her over the US$1.8 billion assets held in an HSBC Holdings bank account as part of an inheritance feud with…
Beauty Sales for the First Half Hit $50.6 Billion in the U.S.
Beauty is showing resilience to broader macroeconomic headwinds, Circana data from the first half of 2025 shows. In the U.S., the prestige beauty market grew by 2 percent to $16 billion in…
Xiaomi’s US$120 billion gain faces scrutiny on smartphone slowdown
Investors anxiously await an earnings report from Xiaomi, following a rally that has driven its market value up US$120 billion in the past year on excitement over its push into electric…
SoftBank to invest US$2 billion in Intel as part of US push
SoftBank Group agreed to buy US$2 billion in Intel stock, a move that extends its US investment effort and offers a vote of confidence in the struggling chipmaker. SoftBank will…
Soho House stock jumps 16% today: Here’s how much investors will get paid as chain goes private in $2.7 billion deal
Soho House, a hotel and private club chain, is a public company “nomo.” It’s going private in an acquisition by MCR Hotels, and is also adding some new names to its leadership team. The…
Indonesia’s ‘Gasoline Godfather’ targeted in US$18 billion graft probe
[LONDON/JAKARTA] A reclusive oil merchant dominated Indonesia’s fuel trade for decades. Now he is embroiled in a US$18 billion probe into the country’s state-owned oil producer that has…
OpenAI staffers to sell US$6 billion in stock to SoftBank, other investors
Current and former OpenAI employees plan to sell approximately US$6 billion worth of shares to an investor group that includes Thrive Capital, SoftBank Group and Dragoneer Investment…
Phil Knight’s Record $2 Billion Gift Will Fund Cancer Care and Research in Nike’s Portland Community
Phil Knight is no stranger to giving back — and the Nike co-founder’s latest move cements his status as one of the most powerful philanthropists in the world. On Thursday, the Oregon…
Paramount Skydance Shares End Roller-Coaster, Memestock-Fueled Week Up 30%, Boosting Market Cap by $2 Billion
Paramount Skydance, over its first full week on the stock market under new owners, saw its stock jump 30% — and boomed as much as 60% in intraday trading Wednesday. But what triggered the…
Shein’s UK sales surge to £2.1 billion in 2024, boosting profits as IPO looms
Shein’s British business made £2.1 billion (S$3.7 billion) in sales in 2024, a 32.3 per cent increase from the previous year, a filing by the online fast-fashion retailer showed early on…
Buffett buys US$1.6 billion UnitedHealth stake, sells T-Mobile
Warren Buffett’s Berkshire Hathaway bought shares of UnitedHealth Group in the second quarter, sending the health insurer’s stock soaring in post-market trading. The chief executive…
Eli Lilly signs $1.3 billion deal with Superluminal to use AI to make obesity medicines
Eli Lilly has signed a deal worth $1.3 billion with privately held Superluminal Medicines to discover and develop small-molecule drugs through AI to treat obesity and other cardiometabolic…
Hunter Biden responds to first lady's $1 billion defamation threat: 'F--- that'
Hunter Biden on Thursday scoffed at first lady Melania Trump's threat to sue him for $1 billion over "false" and "defamatory" comments tying her to Jeffrey Epstein. Source link
NBA approves record $6.1 billion sale of Boston Celtics to private equity mogul
The NBA on Wednesday unanimously approved the sale of the Boston Celtics to a group led by private equity mogul Bill Chisholm, a deal that values the franchise at $6.1 billion. The league…
Thai Beverage 9-month Ebitda falls 4% to 45 billion baht
Thai Beverage (ThaiBev) posted a 4 per cent drop in earnings before interest, taxes, depreciation, and amortisation (Ebitda) to 45 billion baht (S$1.8 billion) for the nine months ended…
CK Hutchison sees ‘reasonable chance’ of US$22.8 billion ports sale going through
CK Hutchison said on Thursday (Aug 14) its US$22.8 billion ports business sale had a “reasonable chance” of going through after a plan to add a Chinese major strategic investor to the…
‘Squid Game’ Season 3 Powers Netflix Lead as Korea’s Premium VOD Market Hits $1.1 Billion, Report Finds
The Korean streaming wars are heating up. New data shows the country’s premium video-on-demand sector reached $1.1 billion in revenue during the first half of 2025, with subscriber numbers…
How Nippon Paint tycoon Goh Cheng Liang grew his empire to a US$13 billion fortune
Singapore’s richest man Goh Cheng Liang, who died this week, kept a low profile for years compared with his other billionaire counterparts. The self-made tycoon, who was 98 when he died,…
Telstra logs higher annual profit, announces A$1 billion buyback
Australian telecom firm Telstra Group forecast higher operating earnings for fiscal 2026 and reported a 31 per cent rise in its fiscal 2025 profit on Thursday, driven by…
Google pledges US$9 billion to expand AI, cloud infrastructure in Oklahoma
ABET’S Google said on Wednesday it will spend an additional US$9 billion in Oklahoma over the next two years to expand cloud and artificial intelligence infrastructure. The…
Singapore life insurance new business premiums surge 7.7% to nearly S$3 billion in H1 2025 while claims payouts fall 42%
The life insurance industry in the Republic recorded a total of S$2.99 billion in weighted new business premiums for the first half of 2025, representing a year-on-year growth of 7.7 per…
Shopee, Monee power Sea’s value to over US$100 billion; DBS only other Singapore company in that league
Sea shares are up 64.1% in the year to date and have quadrupled since their low of US$34.82 at the start of 2024 Sea Ltd soared on the New York Stock Exchange (NYSE) as investors excited…