Business
Volvo Cars to cut costs by 18 billion Swedish crowns as earnings drop
Sweden-based Volvo Cars launched cost cuts of 18 billion Swedish crowns (S$2.4 billion) on Tuesday (Apr 29) as its operating profit fell…
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Business
HSBC Q1 profit drops 25%; launches US$3 billion share buyback
launched a US$3 billion share buyback after reporting a 25 per cent fall in first-quarter profit on Tuesday due to one time charges…
Business
Brazil's government aims to raise $2 billion in financing with new Eco Invest auction
By Bernardo Caram BRASILIA (Reuters) - The government of President Luiz Inácio Lula da Silva expects to raise $2 billion in financing for…
Business
China’s Sinopec partners with Saudi Aramco’s unit in 28.8 billion yuan JV
China’s state-run Sinopec said on Monday (Apr 28) it had signed an agreement with a unit of Saudi Aramco to establish a joint venture…
Business
Ant Group enters brokerage business with HK$2.81 billion Bright Smart buy
Ant Group, an affiliate of China’s e-commerce giant Alibaba Group, is buying a HK$2.81 billion (S$476 million) controlling stake in Bright…
News
House budget proposes $46.5 billion for border wall
The House Homeland Security Committee released its budget proposal Sunday, calling for $46.5 billion in new money to pay for President…
Business
Elon Musk’s XAI Holdings is in discussions to raise US$20 billion
Elon Musk’s XAI Holdings is in talks with investors to raise roughly US$20 billion in funding for his newly combined artificial…
Politics
US pharma tariffs would raise US drug costs by US$51 billion annually, report finds
A 25 per cent US tariff on pharmaceutical imports would increase US drug costs by nearly US$51 billion annually, boosting US prices by as…
Business
Tencent Music in talks to buy Ximalaya for US$2.4 billion
Tencent Music Entertainment Group is in advanced talks to buy Chinese podcasting startup Ximalaya in a US$2.4 billion deal that would…
Business
Toyota chairman proposes record buyout of its supplier at US$42 billion valuation
Toyota Motor chairman Akio Toyoda has proposed a buyout of supplier Toyota Industries, people familiar with the matter said, seeking to…
Business
JD.com’s delivery clash with Meituan may worsen US$70 billion rout
While much of the world is focused on a volatile international trade war, two of China’s largest Internet companies are inflicting greater…
Business
Google says will buy back US$70 billion in shares, posts earnings beat
[BENGALURU/SAN FRANCISCO] Google parent Alphabet said it would buy back US$70 billion worth of shares as it reported first-quarter profit…
Business
Nissan sees 750 billion yen loss as restructuring charges mount
Nissan Motor said it will post a net loss of as much as 750 billion yen (S$6.9 billion) for the fiscal year that ended in March as…
Business
CapitaLand India Trust Q1 total property income up 14% at 4.7 billion rupees
This is due to higher rental income from existing properties and income contributions from the acquisitions it made in 2024, says manager…
Business
Huawei raises record 20 billion yuan in Chinese debt issuance spree
The parent of Huawei Technologies is tapping low borrowing costs in China’s credit market to raise a record amount of debt, as trade…
Business
Marina Bay Sands Q1 revenue holds steady at US$1.2 billion amid strong operating environment
Net revenue for Marina Bay Sands (MBS) remained steady at around US$1.2 billion for Q1, with the business improving service offerings and…
News
Brazilian police probe a pension fraud scheme that stole $1 billion from retirees
SAO PAULO (AP) — Brazil 's federal police said Wednesday they are investigating a scheme that diverted over 6 billion reais ($1.05…
Business
Boeing to sell Jeppesen unit to Thoma Bravo for US$10.55 billion
Boeing said on Tuesday (Apr 22) it would sell portions of its Digital Aviation Solutions business, including navigation unit Jeppesen, to…
Politics
Roche to invest US$50 billion in US to avoid Trump tariffs, create 12,000 jobs
Roche said on Tuesday (Apr 22) it would invest US$50 billion in the United States over the next five years, creating more than 12,000 new…
Business
Keppel secures S$2 billion in fresh capital commitments across flagship funds
Keppel secured fresh capital commitments of close to S$2 billion for its three flagship funds, representing around S$4.9 billion of funds…
Business
India’s IDFC First Bank to raise 75 billion rupees from Warburg Pincus, Adia
The Mumbai-based lender will issue 1.25 billion preference shares to the investors First Bank has approved a plan to raise 75 billion…
Business
PGIM to invest US$2 billion in Asia property, unfazed by tariffs
PGIM Real Estate, the property arm of Prudential Financial’s asset manager, expects to invest about US$2 billion across the Asia-Pacific…
Business
CapitaLand Investment launches its first retail Reit in China with assets worth 2.8 billion yuan
CapitaLand Investment (CLI) announced on Thursday (Apr 17) that it intends to launch its first real estate investment trust (Reit) in…
Business
Nvidia says new limits on China exports to cost US$5.5 billion
Nvidia faces new US restrictions on the export of its H20 chip to China, a policy change that will cost the company billions of US dollars…