Netflix to invest 1 billion euros in Spain productions to 2029
streaming giant Netflix said on Tuesday (Jun 10) it was going to invest more than 1 billion euros (S$1.47 billion) in productions in Spain, which has becoming one of…
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Exxon enters talks to sell French business for 400 million euros
ExxonMobil entered exclusive talks to sell its entire 82.89 per cent stake in French unit Esso SAF, including a key refinery, to North Atlantic France SAS for about 400 million euros…
BMW to buy back more shares worth up to 2 billion euros
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…
TikTok fined 530 million euros in EU over China data transfer
TikTok was hit with a massive EU fine of 530 million euros (S$779 million) on Friday (May 2), accused of sending personal data of Europeans to China and failing to guarantee it was…
Moncler Group Q1 Revenue Up 1% to 829M Euros, Driven by DTC Growth and Asian Market Strength
MILAN — Moncler Group first-quarter revenue beat expectations rising 1 percent to 829 million euros, compared with 818 million euros in the same period last year. The performance was…
Keppel DC Reit divests German data centre for 50 million euros
KEPPEL DC Reit is divesting Kelsterbach Data Centre in Frankfurt, Germany, for 50 million euros (S$70.6 million). On Monday (Feb 17), the real estate investment trust’s (Reit) manager said…
Auction of Karl Lagerfeld Memorabilia Yields 1.1M Euros
LAGERFELD FOREVER: “The magic of Karl Lagerfeld remains very much alive,” Pierre Mothes, vice president of Sotheby’s Paris, declared following the Jan. 31 auction of the late German…
Tesla poised for 1 billion euros windfall from EU’s emissions curbs
TESLA could collect more than 1 billion euros (S$1.4 billion) in compensation from rival automakers that need help meeting tougher pollution standards in the European Union this year, UBS…
Italy probes CK Hutchison unit on tax in 3.4 billion euros asset sale
CK HUTCHISON’s Italian telecommunications unit is the target of a probe alleging that it evaded taxes during a 3.4 billion euros (S$4.8 billion) asset sale to Cellnex Telecom. The…
Stellantis, China’s CATL to invest 4.1 billion euros in EV battery factory in Spain
STELLANTIS and Chinese battery maker CATL will invest 4.1 billion euros (S$5.8 billion) in a factory making electric vehicle batteries in Zaragoza in northern Spain, they said on Tuesday…
Spain fines 'abusive' budget airlines 179 mn euros
Spain's leftist government said Friday it has fined five budget airlines including Ryanair and EasyJet 179 million euros ($187 million) for "abusive practices" such as charging passengers…
Geely seeks over two billion euros loan to refinance Volvo truck deal
CHINESE billionaire Li Shufu’s Zhejiang Geely Holding Group is in talks with banks for a syndicated loan to refinance borrowings related to its acquisition of a stake in Volvo in 2018,…
Parkway Life Reit acquires 11 nursing homes in France for 111.2 million euros
PARKWAY Life Real Estate Investment Trust (Parkway Life Reit) is acquiring 11 nursing homes in France for a total consideration of 111.2 million euros (S$159.9 million). The acquisition…
Blackstone to invest 7.5 billion euros in data centres in northeastern Spain
BLACKSTONE, the world’s largest alternative asset manager, plans to invest 7.5 billion euros (S$10.7 billion) to develop data centres in Spain’s Aragon, boosting the region’s growing…
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…