Boeing’s US$4.7 billion Spirit deal faces UK antitrust probe
The probe will determine if the deal raises the risk of substantial lessening of competition in the UK Boeing’s US$4.7 billion deal to buy Spirit AeroSystems Holdings will face UK…
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Billion
UBS kicks off share buyback programme of up to US$2 billion
Group is launching a programme to repurchase as much as US$2 billion worth of its own shares, it said in a release on Monday (Jun 30). The buyback is expected to kick off on…
Singtel CEO Yuen Kuan Moon’s pay up 16.8% to S$8.2 million; S$2.8 billion cash holdings to help group navigate challenges
Singtel’s leadership struck a cautiously optimistic tone on its near to medium-term outlook, even as group chief executive officer Yuen Kuan Moon’s total remuneration for financial year…
Torrent to acquire KKR’s stake in JB Pharma for US$1.4 billion
Torrent Pharmaceuticals agreed to take a controlling stake in JB Chemicals & Pharmaceuticals from private equity firm KKR, the latest sign of a dealmaking boom in India. Torrent will buy a…
China’s Zijin Mining to acquire Kazakh gold mine in US$1.2 billion deal
A’S biggest gold and copper producer Zijin Mining said on Monday it had agreed to buy one of the largest gold mines of Kazakhstan, the Raygorodok Gold Mine, for US$1.2…
Apple supplier Lens Technology seeks up to HK$4.8 billion in Hong Kong listing
The Shenzhen-listed company expects the shares to start trading in Hong Kong on Jul 9 Lens Technology, a supplier to Apple, is seeking to raise as much as HK$4.8 billion (S$780…
Asian banks fuel more than US$2 billion loan boom in Middle East
Middle East borrowers are ramping up loans that are being syndicated in the Asia-Pacific as they look to diversify fundraising beyond global bond and domestic markets. More than US$2…
CATL breaks ground on US$6 billion Indonesia battery venture
world’s top maker of electric-vehicle batteries broke ground on a US$6 billion battery material ecosystem in Indonesia as the government pushes ahead with commodity…
Nvidia insiders sell over US$1 billion in stock amid market surge
The chipmaker’s stock hit a record on Jun 25, and it reclaimed the crown as the world’s most valuable company IA insiders sold over US$1 billion worth of company stock in the…
Billionaire Michael Dell reaps US$1.2 billion from stock sale
Dell Technologies chief executive Michael Dell sold US$1.2 billion worth of shares in his namesake computer company, reducing his stake by about 3 per cent, according to a Friday…
CEO of an $11 billion builder empire warns that these housing markets face a short-term oversupply
Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. This year’s spring selling season didn’t meet expectations, Toll…
Meta seeks US$29 billion from private capital firms for AI data centres, FT reports
Meta Platforms is seeking to raise US$29 billion from private capital firms to build artificial intelligence (AI) data centres in the US, the Financial Times reported on Friday (Jun 27).…
Wealthy Silicon Valley investors in line for US$17 billion windfall in US senate Republican tax Bill
Silicon Valley’s favourite tax break may be getting an upgrade. Venture capitalists, along with successful tech founders and early startup employees, already pay no taxes on billions of US…
S-E Asia tech funding hits US$2 billion in H1 2025, yields unicorn in Sygnum: Tracxn
Digital asset group Sygnum has emerged as the sole new unicorn from South-east Asia in the first half of 2025, data platform Tracxn said in a report released on Thursday (Jun 26). The…
Mystery US$33 billion Chinese medicine fortune collapses in days
When Yat-Gai Au was worth US$33 billion on paper, he was not in his Hong Kong office. One week later, when his net worth plunged to US$10.1 billion, he was not around either. Officers at…
Unilever to pay US$1.5 billion for men's grooming brand Dr Squatch
The deal was announced earlier this week by all three parties, without disclosing financial details Unilever is paying US$1.5 billion to buy men’s personal care brand Dr Squatch…
HDB US$1.5 billion India IPO sold out as wealthy investors pile in
The offering received bids for 242.8 million shares as of Friday (Jun 27) afternoon in Mumbai, versus the 130.4 million shares offered Financial Services’ US$1.5 billion…
Japan hits M&A record of US$232 billion, driving Asia deals rebound
[TOKYO/HONG KONG] Japan is driving Asia’s mergers and acquisitions (M&A) rebound in 2025 with a record US$232 billion worth of deals in the first half, and bankers expect the trend to…
Mars US$36 billion Kellanova deal waved ahead by US regulator
Mars’ US$36 billion takeover of snack maker Kellanova was given the green light by the US Federal Trade Commission (FTC) on the same day European Union regulators opened up a lengthy probe…
Senate hearing with Trump budget chief highlights potential changes to $9.4 billion cuts package
Senate Republicans on Wednesday forced the White House budget chief to defend parts of a $9.4 billion package of Trump-requested spending cuts, signalling the senators' intent to make…
Billionaire Richard Li’s FWD Group seeks to raise HK$3.47 billion in Hong Kong IPO
RER FWD Group, backed by billionaire Richard Li, is looking to raise HK$3.47 billion (S$565.3 million) through a Hong Kong initial public offering, according to a regulatory…
Inside the ‘Monopoly Go’ Phenomenon: Scopely Publishing Exec on Mobile Game’s $5 Billion Revenue Milestone and That ‘Pokemon Go’ Acquisition
In May, “Monopoly Go!” became the fastest mobile game in history to surpass $5 billion in lifetime revenue. The free-to-play Scopely-produced title hit that mark in just 24 months…
TSMC unit to issue US$10 billion of stock to counter forex swings
The moves grant TSMC Global more capital flexibility in managing exchange rate risks Taiwan Semiconductor Manufacturing Co’s overseas unit is set to issue US$10 billion worth of…
Investment firm PAG raises 3.1 billion yuan in first yuan-denominated buyout fund: sources
Asia-focused investment firm PAG has raised 3.1 billion yuan (S$553 million) at the first close of its inaugural yuan-denominated buyout fund, exceeding its target, two people with…