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CHINA plans to start re-capitalising several of its biggest banks in coming months, according to people familiar with the matter, following through on a broad stimulus package unveiled…
Fox Ent. Global, Fox Ent.’s worldwide content sales division, has secured key international pre-sales for Foxtel’s Australian docu-soap “Billion Dollar Playground,” with major broadcasters…
BROOKFIELD Asset Management agreed to spend US$1.7 billion in a deal to expand its US onshore renewables business as the company bets there will be increasing demand for electricity from…
Cryptocurrency exchange Bybit said last week hackers had stolen digital tokens worth around $1.5 billion, in what researchers called the biggest crypto heist of all time. Bybit CEO Ben…
Apple said Monday it plans to invest $500 billion in the United States, hire 20,000 people and open a new manufacturing factory in Texas over the next four years. “We are bullish on the…
A GIC affiliate and global technology investor Silver Lake have completed their US$1.7 billion acquisition of US-billing software company Zuora. Shareholders of the Silicon Valley-based…
Indonesia launched the Danantara investment fund on Monday (Feb 24), a high-stakes, multi-billion-dollar initiative designed to consolidate the country’s state-owned enterprises (SOEs),…
Bybit, one of the world's largest cryptocurrency exchanges, has been hacked, with analysts estimating losses of nearly $1.5 billion. Experts believe North Korean hackers were behind the…
STANDARD Chartered said it would hand back US$1.5 billion more to shareholders as it reported fourth-quarter earnings that beat estimates, boosted by a strong performance in its trading…
BILLIONAIRE investor Ryan Cohen has increased his personal stake in Chinese e-commerce giant Alibaba Group to roughly US$1 billion in recent months, The Wall Street Journal (WSJ) reported…
The chief executive of streaming giant Netflix on Thursday announced a $1 billion investment to produce some 20 films and TV series in Mexico annually over the next four years. Speaking at…
FAR East Hospitality Trust (FEHT) will make its first Japanese hotel acquisition after expanding its investment mandate to global markets and asset classes. Its managers on Thursday (Feb…
The scramble to take Fuji Soft private is rooted in the value of the software company’s trove of human resources and real estate KKR has secured enough shares of Fuji Soft in a tender…
Southeast Asia‘s premium video-on-demand market saw robust growth in 2024, with total industry revenues jumping 14% to $1.8 billion and viewership hitting 440 billion minutes, according to…
AUSTRALIA’S Goodman Group plans to raise A$4 billion (S$3.4 billion) via a share placement to develop a global network of data centres, as the march of artificial intelligence (AI) drives…
VIETNAM’S parliament on Wednesday (Feb 19) approved plans for an US$8 billion rail link from its largest northern port city to the border with China, boosting links between the two…
SINGTEL’S net profit for the third quarter ended Dec 31 climbed 183.4 per cent to S$1.3 billion from S$465 million in the same period the year before. This was mainly attributed to a net…
A new artificial intelligence company from one of the cofounders of OpenAI is quickly becoming one of the most highly valued AI firms in an increasingly crowded marketplace. Ilya…
TOYOTA Motor has agreed to shift a US$1.5 billion order with LG Energy Solution to bolster operations at a Michigan battery plant after General Motors (GM) backed out of the project,…
CHINESE manufacturer Sany Heavy Industry is planning a listing in Hong Kong that could raise up to US$1.5 billion, two sources familiar with the matter said on Tuesday (Feb 18). The…
LG ELECTRONICS has started roadshows to meet potential investors in the initial public offering (IPO) of its Indian unit, sources familiar with the matter said. The South Korean company…
MARINA Bay Sands has obtained a S$12 billion multi-tranche loan to fund a planned expansion of its casino resort in Singapore, according to a source familiar with the matter, marking the…
INVESTMENT firms for the world’s ultra-rich boosted their Nvidia allocations ahead of the DeepSeek-driven sell-off. Family offices for Sweden’s Rausing dynasty, US hedge fund billionaire…
ITALIAN prosecutors are investigating e-commerce giant Amazon and three of its executives over alleged tax evasion worth 1.2 billion euros (S$1.7 billion), two sources with direct…
