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Grand Centrex Limited (GCL) aims to eventually build a sizeable game studio in Singapore, capable of producing blockbusters VIDEO game distributor and publisher Grand Centrex Limited (GCL)…
Japanese technology company SoftBank Group Corp. reported a 369.2 billion yen ($2.4 billion) loss for the fiscal third quarter as it racked up red ink from its Vision Fund investments.…
THE frenzy over Chinese artificial intelligence is turning Alibaba Group Holding into an investor favourite again, injecting new life into an e-commerce giant that had nearly sunk into…
KKR is more than halfway to a US$20 billion money-raising goal for its North America buyout fund, a sign of momentum during a difficult environment for the asset class. The New York-based…
Hawaii’s Supreme Court ruled Monday that insurance companies can’t bring their own legal actions against those blamed for Maui’s catastrophic 2023 wildfire, allowing a $4 billion…
BP CEO Murray Auchincloss pledged on Tuesday (Feb 11) to fundamentally reset the company’s strategy as it reported a 35 per cent fall in annual profits, missing analysts’ expectations. The…
CHINESE battery giant CATL plans to file a Hong Kong listing application this week to raise at least US$5 billion, according to two sources with direct knowledge of the matter. The filing…
A FEW weeks ago, SoftBank Group founder Masayoshi Son stood alongside US President Donald Trump to unveil the Stargate Project, an artificial intelligence (AI) venture with OpenAI that…
Let’s say you own one of the most valuable homes in a lush, gated community that has been earmarked as a future point of growth for decades to come. One day, a letter appears in your…
A group of investors led by Elon Musk has given OpenAI an unsolicited offer of $97.4 billion to buy the nonprofit part of OpenAI. An attorney for the group submitted the bid to OpenAI…
PACIFIC Investment Management Company (Pimco) is seeking to grow assets in a multi-asset mutual fund by 25 per cent to US$2 billion this year, betting that a 60/40 equity-debt split will…
, the founder of Silk Road, could attempt to reclaim $6.5 billion in Bitcoin seized from the platform. Ulbricht, 40, was serving a life sentence for operating the darknet drug marketplace…
President Trump amended his lawsuit against CBS on Friday, doubling the amount he claims he is owed for “deceptive” editing of a Kamala Harris interview to $20 billion. Trump sued the…
Indonesian authorities have ordered the halting of development of a tourism project affiliated with U.S. President Donald Trump over water management and environmental issues, officials…
CITADEL offered a rare glimpse under the hood of its multistrategy funds during a lucrative period for the most profitable hedge fund firm ever. The firm’s US$1 billion bond offering this…
PARIS — Cosnova sped past the $1 billion sales mark last year. The German beauty company, best known for its affordable makeup brands Essence and Catrice Cosmetics, has aimed to…
HUAWEI’S chairman said on Wednesday (Feb 5) that the tech company’s annual revenue exceeded 860 billion yuan (S$159.6 billion) last year, as it continued to shake off the impact of US…
A record $1.39 billion will be legally wagered in the United States on Sunday’s Super Bowl match-up between the two-times defending champion Kansas City Chiefs and Philadelphia Eagles, the…
Kim Kardashian‘s Skims shapewear and apparel company has rocketed to success, earning a $4 billion valuation. A reality show star and public figure since 2007 when she and her family began…
KKR & Co raised its offer price for Fuji Soft to fend off a rival bid from Bain Capital, the latest chapter in a months-long battle for the Japanese software company. The New York-based…
UBS Group, Switzerland’s largest bank, on Tuesday (Feb 4) posted net income of US$770 million for the fourth quarter of 2024, trouncing forecasts. The net profit attributable to…
GRAB Holdings and GoTo Group have accelerated merger talks and are targeting a deal this year, seeking to end years of losses in South-east Asia’s competitive Internet market. The takeover…
JPMorgan Chase will deliver gold bullion valued at more than US$4 billion against futures contracts in New York in February, at a time when surging prices and the threat of import tariffs…
INDIA’S central bank injected US$5.10 billion through a foreign-exchange swap auction, using the tool for the first time in five years to ease a severe cash crunch plaguing the financial…
