China’s US$7 trillion cash pile is shifting into stocks, gold
With rates now sliding towards 1%, that capital is increasingly looking for a new home. CHINESE households are scouring for higher-yielding investments as roughly US$7 trillion in time…
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ServiceNow nears up to US7 billion deal for cybersecurity startup Armis
ServiceNow is in advanced talks to buy the cybersecurity startup Armis in a deal that may be valued at as much as US$7 billion and would represent the tech company’s largest acquisition to…
United Hampshire US Reit Q3 distributable income up 15.5% at US$7 million
This is due to commencement of new leases, rental escalations from existing leases and lower interest costs The manager of United Hampshire US Reit posted a distributable income of US$7…
CGS International upgrades Grab to ‘add’, raises target price to US$7 on financial services turnaround
CGS International has upgraded its recommendation on Grab to “add”, from “hold” previously, and raised its target price by 29.6 per cent to US$7 from US$5.40 as the brokerage takes on a…
Carvana’s 10,000% rally from low deals US$7 billion blow to shorts
Carvana’s shares notched an all-time high this week, rising more than 10,000 per cent from a low in late 2022, and delivering a blow to investors betting against the online used-car…
Grab denies reports of US$7 billion GoTo acquisition
SOUTHEAST Singapore-based ride-hailing and delivery company Grab said on Monday it was not in any talks on a potential deal with smaller Indonesian rival GoTo. Reuters reported last month…
Petronas is said to weigh sale of US$7 billion Canada business
Lower oil prices have hit the company, which reported a slide of more than 30% in net income in 2024 and announced job cuts that will start taking place this year Petroliam…
Grab weighs takeover of rival GoTo at US$7 billion valuation
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…
Micron invests US$7 billion in Woodlands advanced packaging site; 1,400 jobs to be created
MICRON Technology broke ground on its high-bandwidth memory (HBM) advanced packaging facility on Wednesday (Jan 8) in Singapore, adjacent to its existing facilities in Woodlands. The…
ESR buyout group said close to making US$7 billion binding bid
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…
ESR buyout group close to making US$7 billion binding bid: sources
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…
BP and partners to invest US$7 billion in carbon capture project in Indonesia’s Papua
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…
Samsung unveils surprise US$7 billion buyback over coming year
Samsung Electronics plans to buy back about US$7.2 billion of its own stock over the next year, putting in motion one of the larger shareholder return programmes in its history. Korea’s…