UBS posts higher profit, signals US$3 billion buyback with upside
Group posted a profit which beat expectations in the fourth quarter, as the bank announced a US$3 billion buyback programme for 2026 with the potential for more. The Swiss…
Tag
US3
Nike climbs as Apple’s Tim Cook buys US$3 million in stock
Nike shares ticked up 2 per cent in premarket trading on Wednesday (Dec 24) after Apple CEO Tim Cook bought nearly US$3 million worth of the sportswear maker’s stock. Cook, who has served…
Vietnam’s Vingroup to develop US$3 billion ecosystem in Telangana, strengthens India push
VinFast, despite its ongoing global expansion, continues to report widening losses Vietnam’s largest conglomerate Vingroup on Tuesday (Dec 9) signed a memorandum of understanding with…
Meituan seeks to raise US$3 billion in dual-currency bond sale
The company operates online platforms for food delivery and other consumer products Meituan plans to raise around US$3 billion in what would be its largest regular bond issuance ever, as…
US bank reserves fall second week, extend drop below US$3 trillion
The drop comes as the Treasury has ramped up debt issuance to rebuild its cash balance following the increase in the debt ceiling in July The US banking system’s reserves, a key factor in…
Emirates NBD plans to invest US$3 billion in India’s RBL Bank
Emirates NBD bank will invest as much as US$3.1 billion in India’s RBL Bank in the biggest foreign investments in the country’s financial sector and underscoring growing overseas interest…
Alphabet hits US$3 trillion in market capitalisation for first time
Class A shares of the company were up 4.6% at US$251.88, while Class C shares climbed 4.5% to US$252.3 Google-parent Alphabet hit a market capitalisation of US$3 trillion for the first…
Alphabet enters US$3 trillion market cap club as Big Tech’s AI momentum builds
Technology and AI-linked stocks have powered Wall Street’s main indexes to record highs lately amid growing hopes that the US Federal Reserve will cut interest rates later this week Google…
Saudi oil giant Aramco raises US$3 billion from Islamic bonds
Saudi Aramco, the world’s biggest oil company, raised US$3 billion from a sale of Islamic bonds, a term sheet showed on Thursday (Sep 11), as investors appeared unperturbed by an Israeli…
AI infrastructure company Nebius to raise US$3 billion to fuel growth
Nebius Group said on Wednesday (Sep 10) it would raise US$3 billion to fuel growth in its core artificial intelligence cloud business, on the heels of its US$17.4-billion deal with…
Deutsche Bank fined US$3 million by Hong Kong securities regulator
Deutsche Bank has been fined US$3.05 million over various breaches between 2015 and 2023, Hong Kong’s securities regulator said on Thursday (Aug 28). The violations include…
Carro targets US IPO with over US$3 billion valuation: sources
Singapore-based Carro, South-east Asia’s largest used-car online marketplace, is preparing for a US initial public offering as early as 2026 that could raise up to US$500 million,…
Bank of America loses crisis-era backer after Kuwait sells US$3 billion stake
First, it was Warren Buffett. Now, another key Bank of America (BOA) investor that stood by it since the worst days of the 2008 financial crisis is chopping down its stake. Kuwait…
Merck held talks to buy biotech MoonLake for over US$3 billion: FT
K has held talks to buy Swiss biotech MoonLake Immunotherapeutics for more than US$3 billion, the Financial Times reported on Monday, citing three people familiar with the…
Trump Media to raise US$3 billion to spend on cryptocurrencies: report
The company behind Truth Social, a streaming and social media platform, has been exploring potential mergers and acquisitions as it aims to diversify into financial services …
Foxconn among potential bidders for Singapore chip assembly firm UTAC in US$3 billion deal: sources
Taiwan’s Foxconn is among potential bidders for the Singaporean semiconductor assembly and testing business UTAC Holdings in a deal that could value the company at about US$3 billion, two…
Deutsche Bank plans SRT deal tied to US$3 billion corporate loans
Deutsche Bank is selling a significant risk transfer (SRT) linked to a portfolio of US$3 billion in corporate loans, according to people with knowledge of the matter, the latest deal to…
HSBC Q1 profit drops 25%; launches US$3 billion share buyback
— Bank launched a US$3 billion share buyback after reporting a 25 per cent fall in first-quarter profit on Tuesday and warned of…
UBS quarterly profit smashes expectations, US$3 billion buyback unveiled
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…
Reliance Industries seeks up to US$3 billion loan for refinancing
BILLIONAIRE Mukesh Ambani-owned Reliance Industries is in talks with banks for a loan of as much as US$3 billion to refinance debt due next year, according to sources familiar with the…
US$3 billion raised by S-E Asia IPOs is lowest in almost a decade: Deloitte
But regional outlook for 2025 remains rosy as expected interest rate cuts could create a more favourable environment for listings SOUTH-EAST Asia’s initial public offering (IPO) market has…
Chevron flags possible job cuts in US$3 billion cost plan
CHEVRON indicated potential US job cuts as part of a new cost-cutting plan. The US$3 billion in targeted “structural” cost savings will come from asset sales, the use of new technology and…
HSBC to buy back US$3 billion shares as profit beats estimates
HSBC Holdings announced a fresh multi-billion US dollar stock buyback as it reported better-than-estimated earnings days after unveiling a major restructuring of its business. Europe’s…
Syngenta seeks US$3 billion ESG loan, Asia’s biggest this year
AGROCHEMICALS giant Syngenta Group is seeking a US$3 billion sustainability-linked loan, in what would be Asia’s largest US dollar facility linked to environmental, social and…