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The US Commodity Futures Trading Commission’s (CFTC ) fines and investor relief hit a record US$17.1 billion, largely due to the agency’s crackdown on defunct crypto exchange FTX. Most of…
A CONSORTIUM of investors led by Starwood Capital Group, Sixth Street Partners and SSW Partners has made an offer to take Hong Kong-listed real estate fund manager ESR Group private at…
NXP Semiconductors and a Taiwan Semiconductor Manufacturing Co (TSMC) affiliate are discussing an expansion of their US$7.8 billion Singapore venture, recognising a need to diversify chip…
A consortium seeking to buy out Hong Kong-listed ESR Group is nearing a HK$13 (S$2.24)-a-share binding offer for the logistics real estate firm, people familiar with the matter said, a…
A consortium seeking to buy out Hong Kong-listed ESR Group is nearing a HK$13-a-share binding offer for the logistics real estate firm, people familiar with the matter said, a move that…
THE largest bloc of petrol stations in Singapore may soon hit the market. US energy major ExxonMobil – which is believed to have 59 petrol stations under the Esso brand in Singapore – is…
Indonesia is expecting to get a US$1 billion investment commitment from tech firm Apple in a week, its investment minister said on Tuesday (Dec 3), following the ban on iPhone 16 sales for…
STANDARD Chartered will target US$200 billion in new assets and double digit growth in income from its wealth business over the next five years, it said on Tuesday (Dec 3), as part of a…
OIL major ExxonMobil is considering a sale of its gas stations in Singapore, which could raise about US$1 billion, according to sources familiar with the matter. ExxonMobil is working with…
THE US Energy Department said on Monday (Dec 2) it is planning to loan up to US$7.5 billion to a joint venture of Chrysler parent Stellantis and Samsung SDI to help build two electric…
Castle Water will offer to inject £4 billion (S$6.82 billion) into Thames Water this week to help save the beleaguered utility from administration, according to a person familiar with the…
This takes the group’s shipbuilding contracts to US$14.3 billion in the year to date MARITIME vessel maker Yangzijiang Shipbuilding said on Monday (Dec 2) that it has secured another…
SHARES of mainboard-listed Nam Cheong surged on Friday (Nov 29) morning, after the group announced that it had bagged offshore support vessel charter contracts worth RM1.2 billion (S$360…
Chindata’s planned loan highlights data centres’ financing needs for AI service demand in the region Bain Capital-owned data centre operator Chindata Group Holdings is in discussions with…
AMAZON on Thursday (Nov 28) announced that it injected more than S$2 billion into its retail and cloud businesses in Singapore in 2023. The outlay comprised capital expenditure, including…
BRITISH insurer Direct Line Insurance on Wednesday (Nov 27) rejected a takeover offer of £3.3 billion (S$5.6 billion) from bigger rival Aviva, saying it “substantially undervalued” the…
THAI Airways International expects to raise as much as 44 billion baht (S$1.7 billion) from a share rights offering, the carrier’s final major step to exit a court-supervised debt…
CHINA’S SF Holding’s shares are set to debut in Hong Kong on Wednesday (Nov 27), in what is expected to be the city’s final test for major listings this year. In grey-market trading on…
MAYBANK’s net profit for the third quarter ended Sep 30, 2024, amounted to 2.5 billion ringgit (S$770 million), up 7.6 per cent from 2.4 billion ringgit in the previous corresponding…
MAYBANK’s net profit for the third quarter ended Sep 30, 2024, amounted to RM2.5 billion (S$770 million), up 7.6 per cent from RM2.4 billion in the previous corresponding period. The…
RIVIAN Automotive won preliminary approval for a US$6.6 billion federal loan that will help support the construction of its delayed Georgia electric vehicle (EV) plant. The factory will…
ITALIAN lender UniCredit said on Monday (Nov 25) it had offered to buy rival Banco BPM in a roughly 10.1 billion euro (S$14.2 billion) all-stock deal that would combine Italy’s second and…
HOWARD Lutnick is moving to strengthen his alliance with one of the most important and controversial names in the digital asset business: Tether Holdings. Lutnick is in talks to deepen the…
BP AND partners said they would invest US$7 billion in a carbon capture project and gas field development in Indonesia’s easternmost Papua region that could unlock three trillion cubic…
