Business
Chinese firms place US$16 billion in order for new Nvidia chips: report
Washington has banned exports of the company’s most advanced chips to China since 2022 Chinese companies including ByteDance, Alibaba…
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Billion
Business
One Raffles Quay inks S$1.13 billion sustainability-linked loan from DBS, other banks
The office complex will work towards meeting targets such as reducing energy and water usage by 20-29% Office complex One Raffles Quay has…
Business
OCBC to finance £10 billion in UK investments by 2030 under new partnership
OCBC plans to deploy £10 billion (S$17.4 billion) in financing over the next six years to support foreign direct investment into the…
Politics
Federal tax credit could steer $10 billion to private school scholarships
Nonprofit agencies that dispense private school scholarships to low-income families say they expect Congress to pass tax credit…
Business
US judge rejects J&J’s US$10 billion baby powder settlement
A US bankruptcy judge on Monday rejected Johnson & Johnson’s US$10 billion proposal to end lawsuits alleging that its baby powder and…
Business
OpenAI to raise US$40 billion in SoftBank-led new funding
OPENAI said on Monday it would raise US$40 billion in a new funding round led by SoftBank Group at a US$300 billion valuation to advance…
Business
OpenAI finalises US$40 billion funding at US$300 billion value
OpenAI, the artificial intelligence company behind ChatGPT, said it has finalised a funding round that will bring in US$40 billion from…
Business
More funds and products expected, as market awaits details about Singapore’s S$5 billion equities push
Analysts see MAS’ initiative as positive step, but add that factors such as investor protection and governance, proper understanding of…
Business
PSA International FY2024 net profit falls 25.2% to S$1.1 billion on higher costs, inflation
Temasek-owned port operator PSA International on Friday (Mar 28) reported a 25.2 per cent drop in net profit to S$1.1 billion in 2024,…
Business
Celtics' Massive $6.1 Billion Sale in Danger of Being Canceled: Report
Will proposed new Boston Celtics majority owner Bill Chisholm be able to secure control over the 18-time NBA champions after all? That…
Business
Nio to raise HK$4 billion from equity placement to fund R&D
Chinese electric vehicle (EV) maker Nio on Thursday (Mar 27) announced plans to raise HK$4 billion (S$688 million) through a share…
Business
SingPost completes A$1 billion sale of Australian logistics business
The divestment generated A$781.5 million in gross proceeds and an estimated gain of S$289.5 million Singapore Post (SingPost) said on…
Politics
Porsche, Mercedes face 3.4 billion euros hit from Trump auto tariffs
To offset the impact, manufacturers may have to raise prices or shift more production to the US Porsche and Mercedes-Benz Group will be…
Business
Singapore fund inflows surge 167% to S$7.6 billion for 2024: Morningstar
Total net inflows into Singapore-registered funds hit S$7.6 billion for 2024, a surge of 167 per cent from S$2.85 billion in 2023,…
Business
Turkey says Chery Auto’s partners to invest US$1 billion in plant to make 200,000 cars a year
[ANKARA/BEIJING] Turkey said on Wednesday (Mar 26) that Chery Automobile’s partners will invest US$1 billion in a manufacturing facility…
Business
UOB set to issue US$2 billion in dollar-denominated notes across 3 tranches
UOB is set to issue US$2 billion in a three-tranche US dollar-denominated senior bond offering, it said on Thursday (Mar 27). The notes…
Business
OpenAI close to finalising its US$40 billion SoftBank-led funding
OPENAI is close to finalising a US$40 billion funding round led by SoftBank - with investors including Magnetar Capital, Coatue…
Business
OpenAI nears record US$40 billion funding round led by SoftBank
OpenAI is close to finalising a US$40 billion funding round led by SoftBank Group – with investors including Magnetar Capital, Coatue…
Business
GameStop to borrow US$1.3 billion to fund Bitcoin buying spree
GameStop is seeking to sell US$1.3 billion of convertible bonds with no coupon payment to fund Bitcoin purchases as it embraces a strategy…
Business
Dollar Tree Is Selling Family Dollar for $1 Billion
Dollar Tree is selling the Family Dollar brand to two private capital firms for just over $1 billion, the company announced on Wednesday…
Business
Digital Core Reit acquires 20% stake in Osaka data centre for 13.2 billion yen
The purchase is expected to be about 1.8% accretive to the Reit’s distribution per unit Digital Core Real Estate Investment Trust (Reit)…
Politics
Hyundai to Invest $21 Billion in US in Bid to Avoid Trump’s Tariffs
Hyundai Motor, a South Korean conglomerate known for its automobiles, will invest $21 billion to expand manufacturing in the United States…
Business
Xiaomi raises US$5.5 billion in share sale for business expansion
China’s Xiaomi Corp said on Tuesday it had raised US$5.5 billion in an upsized share sale that will help fund the acceleration of its…
Business
South Korea’s Hyundai to announce US$20 billion US investment, new steel plant
[WASHINGTON/SEOUL] South Korea’s Hyundai Motor Group is set to announce a US$20 billion investment in the US at the White House on Monday…