Business
Morgan Stanley, JPMorgan lead US$16.5 billion bank borrowing spree
Morgan Stanley and rival JPMorgan Chase are raising a combined US$14 billion in the US investment-grade market on Monday (Apr 14), the…
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Business
Nvidia to produce AI servers worth up to US$500 billion in US over four years
Nvidia said it is planning to build AI servers worth as much as US$500 billion in the US over the next four years with help from partners…
Business
Qatar to invest US$2 billion in Indonesia sovereign wealth fund
Prabowo is on a five-nation tour of the Middle East, visiting the United Arab Emirates, Turkey, Egypt, Qatar and Jordan to boost bilateral…
Business
Not just another wing: MBS’ new US$8 billion expansion project will have its own brand and luxury experiences
In a couple of months’ time, construction will begin on Marina Bay Sands’ (MBS) expansion project – a new ultra-luxury resort destination…
Politics
Ukraine allies pledge €21 billion in military aid as war continues
Ukraine's allies on Friday pledged military aid worth €21 billion ($23.8 billion) as the country continues to be under attack from Russia,…
Business
Indonesia’s US$48 billion social security fund eyes doubling equities exposure
Indonesia’s US$48 billion social security fund BPJS Ketenagakerjaan, the country’s largest institutional investor, aims to raise the share…
Politics
Top US pension funds suffer US$169 billion blow from tariffs shock
The total losses for the whole US public retirement system will likely be “significantly higher” The top 25 state and local US pension…
Business
Novartis pledges US$23 billion US investment as tariffs loom
Trump has repeatedly said he intends to impose tariffs on pharmaceuticals, citing the industry’s reliance on manufacturing sites around…
Business
Bain seeks to raise at least US$7 billion for new Asia PE fund
Bain Capital is looking to raise billions of US dollars for its next Asia fund and a special situation fund in the region, as it moves to…
Business
China tech faces worry beyond tariffs after US$350 billion wipeout
Even as China’s tech stocks begin to recoup some of their recent big losses, some investors and analysts are eyeing looming concerns that…
Business
Berkshire sells 90 billion yen bonds in smallest Japan deal
Berkshire Hathaway priced 90 billion yen (S$628 million) of bonds on Friday (Apr 11), completing the yen deal even as sharp market…
Fashion
Prada agrees to buy Versace for US$1.38 billion despite tariffs
The purchase, the largest in Prada’s 112-year history, returns Versace to Italian ownership Prada agreed to buy Versace for US$1.38…
Business
UBS sticks to US$3 billion share buyback plan despite capital changes, global uncertainty
[LUCERNE, Switzerland] UBS chairman Colm Kelleher on Thursday (Apr 10) reiterated the Swiss bank’s intention to repurchase shares to the…
Business
Airbus plans to buy US$2 billion of parts from India every year
Indian carriers have a pending order book of about 1,800 aircraft, one of the world’s largest order pipelines Airbus plans to bolster its…
Business
Airbus plans to buy US$2 billion worth of parts from India every year
The decision to boost sourcing reflects the country’s growing importance, with its domestic aviation market ranked the world’s third…
Business
ST Engineering bags S$1.4 billion contract for Taichung MRT Blue line
ST Engineering announced on Thursday (Apr 10) that its urban solutions business secured a S$1.4 billion contract to provide turnkey rail…
Business
Amazon seeks partners for US$15 billion warehouse expansion plan
Amazon.com is considering a US$15 billion warehouse expansion plan for nearly 80 new logistics facilities in US cities and rural areas…
Business
TSMC could face US$1 billion or more fine from US probe: sources
TAIWAN Semiconductor Manufacturing Company (TSMC) could face a penalty of US$1 billion or more to settle a US export control investigation…
Business
Trump’s tariff chaos becomes US$700 billion storm for big banks
Financial services are excluded from Donald Trump’s trade war for now. Banks are still feeling the pain. HSBC Holdings’s market value has…
Business
Meta plans nearly US$1 billion data centre project in Wisconsin
Meta Platforms plans to spend nearly US$1 billion on the development of a data centre project in central Wisconsin, underscoring a larger…
News
Japan could lose US$17 billion in car exports due to US tariffs, says UN trade agency
The tariffs cover more than US$460 billion worth of US imports of vehicles and auto parts annually Japan could lose US$17 billion in car…
Politics
Brown University to see half a billion in federal funding halted by Trump administration
The Trump administration is planning to halt more than half a billion dollars in contracts and grants awarded to Brown University, adding…
Business
States failed to spot $80 billion in erroneous pandemic payments
States have been far too eager to forgive pandemic unemployment fraud and have recovered just 4% of the money fraudsters stole, according…
Business
Airtrunk seeks S$2.2 billion loan to build Singapore data centres
Blackstone-owned data centre firm AirTrunk is seeking a S$2.2 billion green loan for a new greenfield project in Singapore, according to…