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Oracle will spend around US$40 billion on Nvidia’s higher-performance chips to power OpenAI’s new US data centre, the Financial Times (FT) reported on Friday (May 23). The data centre,…
A bonanza from the central bank will help meet the government’s 4.4% fiscal deficit target for the current financial year India’s central bank will give a record dividend to the…
Taiwan’s Foxconn is among potential bidders for the Singaporean semiconductor assembly and testing business UTAC Holdings in a deal that could value the company at about US$3 billion, two…
Deutsche Bank is selling a significant risk transfer (SRT) linked to a portfolio of US$3 billion in corporate loans, according to people with knowledge of the matter, the latest deal to…
OnlyFans owner Fenix International is in talks to sell the porn-driven company to an investor group at a valuation of around US$8 billion, three sources familiar with the matter told…
This is down from US$3.3 billion in the year-ago period, but vessel deliveries remain on track Marine vessel manufacturer Yangzijiang Shipbuilding reported that its year-to-date order wins…
Company’s shares hit highest price in more than 5 years as telco returned to the black with S$2.8 billion H2 net profit Shares of Singtel rose on Thursday (May 22) morning after the telco…
Company’s shares hit their highest price in more than 5 years as telco returns to the black with S$2.8 billion H2 net profit Shares of Singtel rose on Thursday (May 22) morning after the…
The buyback will be delivered over the course of three years until financial year 2028 and involves the purchase of shares in the open market that will subsequently be cancelled Local…
Singtel returned to the black with a net profit of S$2.8 billion for its second half ended March 2025, compared with a net loss of S$1.3 billion for the previous corresponding period. This…
U.S. President Donald Trump’s plan for a “Golden Dome” to protect the United States from long-range missiles was at least partly inspired by Israel’s multitiered missile defenses. Trump…
“Democrats pretended to care about campaign finance violations when they persecuted President Trump with their lawfare,” Mike Davis, a conservative lawyer close to Trump who is a key…
CapitaLand Investment (CLI) on Wednesday (May 21) announced the launch of its first onshore master fund in China, the CLI RMB Master Fund. With a total equity commitment of five billion…
is buying back as much as 2 billion euros (S$2.9 billion) of stock starting this month. The carmaker’s management board approved the programme, which will be concluded no…
Property developer City Developments (CDL) posted sales revenue of S$1.9 billion for its property development segment in the Singapore market in the first quarter of 2025, driven by the…
Northern TK Venture alleges Japan’s Daiichi Sankyo blocked its 2018 bid for an Indian hospital chain, causing financial losses. Healthcare said on Tuesday (May 20) its unit…
The company will provide support for two years, with an option to extend by one year Mainboard-listed SIA Engineering (SIAEC) signed fresh services agreements with national carrier…
Taiwan’s Foxconn, the main manufacturer of Apple’s iPhones, will inject US$1.5 billion into its India unit as production shifts away from China. The company said in an exchange…
Chang beer maker Thai Beverage (ThaiBev) on Friday (May 9) announced that its profit for the second quarter ended Mar 31, 2025, lowered 3.2 per cent on-year to 6.7 billion baht (S$263.5…
As OCBC reaches the deadline for its three-year target to achieve S$3 billion in incremental revenue by 2025, it is setting its sights on staying resilient in an increasingly uncertain…
US investment firm Bain Capital is seeking to sell the China business of data centre operator WinTriX DC Group, in a deal that could value the business at over US$4 billion, two sources…
ST Engineering’s revenue rose 8 per cent to S$2.9 billion for the first quarter ended March, from S$2.7 billion in the corresponding year-ago period, on the back of broad-based growth…
OCBC’s net profit for the first quarter fell on lower net interest income and higher operating expenses. Net profit for the three months ended March 31, 2025 stood at S$1.88 billion,…
