Senegal Plans to Invest About $30.5 Billion In Development
(Bloomberg) -- Senegal, a nascent oil and gas producer, intends spending about 12.8 trillion CFA francs ($21 billion) on development over the next five years and aims to garner another 5.7…
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Pakistan central bank announces $30 billion foreign debt repayments in FY25
A third researcher said Pakistan also has to cut its external expenditures through import substitution. (Photo: X @dailystar) 3 min read Last Updated : Oct 14 2024 | 12:39 PM IST…
Hyundai India starts $3.3 billion IPO in country's largest ever share sale
Hyundai India will start taking orders for its $3.3 billion initial public offering in Mumbai on Monday 3 min read Last Updated : Oct 14 2024 | 7:34 AM IST Hyundai India will start taking…
Australia’s TPG Telecom to sell fibre, fixed assets to Vocus for A$5.25 billion
TPG Telecom will sell its fibre and fixed network infrastructure assets including broadband provider Vision Network to Macquarie and pension fund Aware Super-owned telecommunications group…
Bain sought US$10 billion valuation for Japan's Kioxia, investors only wanted to pay half
Investors pushed Bain Capital to almost halve the valuation it was seeking for Japan’s Kioxia in an IPO, leading the US buyout firm to scrap its plans for an October listing of the memory…
GSK agrees to settle about 80,000 Zantac lawsuits for up to $2.2 billion
A drug currently sold under the name Zantac 360 uses a different active ingredient and contains no ranitidine 3 min read Last Updated : Oct 10 2024 | 10:02 AM IST GSK has agreed to pay up…
MMC Port said to be weighing mega Malaysia IPO valued at up to RM7 billion
It runs seven ports along the Strait of Malacca, one of the world’s busiest shipping lanes MMC Port Holdings has been considering an initial public offering (IPO) in Kuala Lumpur that…
OK Lim has accepted judgement debt of over US$3.5 billion, but creditors will likely claw back much less
The 82-year-old and his children, Evan Lim and Lim Huey Ching, are planning to file for bankruptcy EMBATTLED Hin Leong Trading founder Lim Oon Kuin – the former Singapore oil tycoon better…
GLP Capital Partners sells ex-China assets to Ares for up to US$5.2 billion
FUND manager GLP Capital Partners (GCP) has agreed to sell its operations outside China to US-based alternative investment group Ares Management, in a deal worth up to US$5.2 billion.…
Online retailer Shein’s 2023 sales hit £1.55 billion in UK
SHEIN’S British business made £1.55 billion (S$2.6 billion) in revenue in 2023, up sharply from its previously reported results, a filing by the online fast-fashion group showed on Tuesday…
FTX clear to repay customers as firms seek slice of US$1 billion
CRYPTOCURRENCY firm FTX won court approval to fully repay customers whose digital assets were locked on the platform when it imploded nearly two years ago, an unusual result that could net…
AstraZeneca signs US$1.92 billion licensing deal with HK-listed CSPC
Hong Kong-based CSPC will also get an upfront payment of US$100 million as part of the deal AstraZeneca said on Monday (Oct 7) it would pay up to US$1.92 billion to CSPC Pharmaceutical…
Tokyo Metro looks to raise up to US$2.4 billion in largest Japan IPO since 2018
TOKYO Metro has set a price range at 1,100 to 1,200 yen per share, against an initial estimate of 1,100 yen, a regulatory filing showed on Monday (Oct 7). At the top of the range, Tokyo…
Activist investor Starboard Value takes $1 billion stake in Pfizer
Activist investor Starboard Value has taken a stake of about $1 billion in Pfizer. (Photo: Wikicommons) 2 min read Last Updated : Oct 07 2024 | 9:35 AM IST Activist investor Starboard…
HSBC plans risk transfer linked to 2 billion euros of corporate loans
HSBC Holdings plans to issue a significant risk transfer (SRT) linked to a portfolio of about 2 billion euros (S$2.9 billion) of corporate loans, according to people familiar with the…
DSV sells new shares for 5 billion euros without discount for DB Schenker deal
DSV has sold new shares for 5 billion euros (S$7.1 billion) without resorting to a discount, as a number of high-profile investors bought large stakes in the Danish freight-forwarding…
Microsoft to make 4.3 billion euros AI, cloud investment in Italy
MICROSOFT plans to invest 4.3 billion euros (S$6.1 billion) over the next two years to strengthen its artificial intelligence (AI) and cloud infrastructure in northern Italy, it said on…
S$67 billion: That’s the value of gold, silver in Singapore’s Fort Knox when fully stored
Storage facilities are enjoying a gold rush as the rich turn to physical bullions amid geopolitical turmoil DEMAND for special storage facilities for precious metals is on the rise in…
Global borrowing binge brings record US$600 billion of bond sales
Companies and governments around the globe spent the past month streaming into debt markets, seizing on declining interest rates ahead of an uncertain US presidential election that many…
Adani flagship’s US$1.3 billion share sale said to start next week
Billionaire Gautam Adani’s flagship firm plans to roll out its share sale as early as next week, according to people familiar, marking its return to public equity markets after a scathing…
Goldman Sachs trades £1 billion in Thames Water debt
Goldman Sachs Group executed more than £1 billion (S$1.7 billion) of trades in Thames Water’s bonds in September, as it made a market between original investors exiting the beleaguered…
Pfizer raises US$3.2 billion by selling part of Haleon stake
Pfizer increased the number of shares to 640 million from 540 million after the sale began Pfizer has raised about US$3.2 billion from the sale of Haleon shares, as it further reduces its…
Thai Air plans US$1.3 billion share sale to complete debt revamp
Thai Airways International plans to issue new shares worth at least US$1.3 billion to creditors and other investors by December, a major step toward exiting a court-monitored debt…
Indonesia’s Bank Mandiri backs new coal power plant with US$1.27 billion financing
The financing comes at a time when Indonesia is striving to reduce coal consumption and transition to renewable energy Bank Mandiri – the latgest state-owned lender in Indonesia –…