Business
BYD surpasses US$100 billion in annual sales, beating estimates
BYD’s sales last year surpassed the US$100 billion mark, leapfrogging Elon Musk’s Tesla on revenue, as the Chinese auto giant wows…
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Billion
Business
China’s Xiaomi to raise up to US$5.27 billion from share sale
The money raised is earmarked for business expansion, investment in research and technology development and general corporate purposes…
Politics
Ukraine thanks Germany for new €3 billion in military aid
Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting…
Business
AstraZeneca invests US$2.5 billion in Beijing, undeterred by probe
AstraZeneca will invest US$2.5 billion in a new research centre in Beijing, in a major show of commitment to China just months after the…
Culture
Apple losing over US$1 billion a year on streaming service, the Information reports
The tech giant has spent more than US$5 billion a year on content since launching Apple TV+ in 2019 but trimmed it by around US$500…
Business
Microsoft’s US$2.2 billion Malaysia investment solid amid US policy uncertainty
Microsoft’s US$2.2 billion investment in Malaysia remains firm, despite growing global uncertainties stemming from policy shifts by the…
Business
SoftBank Group to acquire Ampere Computing in US$6.5 billion AI-focused deal
The US chip startup makes data centre CPU chips based on a computing architecture from Arm Holdings that are used by firms such as Oracle…
Business
China Everbright Water’s FY2024 profit falls 14% to HK$1 billion
CHINA Everbright Water’s net profit for the full year ended Dec 31 fell 14 per cent to HK$1 billion (S$175.5 million) from HK$1.2 billion…
Business
Brookfield makes US$1.7 billion bet on power needs by AI, data
BROOKFIELD Asset Management agreed to spend US$1.7 billion in a deal to expand its US onshore renewables business as the company bets…
Politics
Apple to hire 20,000 people, invest $500 billion in the U.S. amid Trump tariffs
Apple said Monday it plans to invest $500 billion in the United States, hire 20,000 people and open a new manufacturing factory in Texas…
Business
Apple plans US$500 billion in US investment, 20,000 research jobs in next four years
APPLE said on Monday (Feb 24) it would spend US$500 billion in US investments in the next four years that will include a giant factory in…
Business
GIC, Silver Lake complete US$1.7 billion acquisition of billing software firm Zuora
A GIC affiliate and global technology investor Silver Lake have completed their US$1.7 billion acquisition of US-billing software company…
Business
Indonesia launches sovereign wealth fund aiming to hold US$900 billion in assets
A SWEEPING overhaul of how Indonesia runs its powerful state companies will create a multibillion-dollar investment vehicle that could…
Business
Indonesia launches Danantara investment fund, channelling US$20 billion into 20 strategic projects
Indonesia officially launched the Danantara investment fund on Monday (Feb 24), a high-stakes, multi-billion-dollar initiative designed to…
Business
Indonesia launches Danantara investment fund, channels US$20 billion into 20 strategic projects
Indonesia launched the Danantara investment fund on Monday (Feb 24), a high-stakes, multi-billion-dollar initiative designed to…
Business
Olam to sell remaining stake in Olam Agri for US$4 billion
OLAM’S wholly owned subsidiaries have entered into a conditional sales and purchase agreement with Saudi Agricultural and Livestock…
Business
Olam to sell 44.58% stake in Olam Agri for US$1.8 billion
OLAM’S wholly owned subsidiaries have entered into a conditional sales and purchase agreement with Saudi Agricultural and Livestock…
Business
Olam to sell remaining stake in Olam Agri for US$2.6 billion, focuses on IPO of business unit ofi
OLAM is divesting its remaining stake in Olam Agri to Saudi Agricultural and Livestock Investment Company (Salic) for US$2.6 billion.…
Business
Can MAS Review Group’s S$5 Billion Boost Revive the SGX?
An effective overhaul of the ecosystem could depend on the full set of measures, due to be released by August THE full update on the…
Business
Bybit Hit by Record $1.5 Billion Crypto Heist: North Korean Hackers Suspected in Largest Digital Asset Theft Ever
Bybit, one of the world's largest cryptocurrency exchanges, has been hacked, with analysts estimating losses of nearly $1.5 billion.…
Business
Mastercard wins UK court nod for £200 million deal to end £10 billion class action claim
MASTERCARD won a London court’s approval for the 200 million euros (S$279.44 million) agreed to pay to end a high profile class action…
Business
Singapore unveils S$5 billion boost for fund managers, other moves to revive equities market
SINGAPORE’S capital markets look set to receive a liquidity boost,following the announcement on Friday (Feb 21) of a S$5 billion…
Business
UOB prices A$2 billion floating rate senior unsecured notes
UOB announced on Friday (Feb 21) that its Sydney branch has priced its A$2 billion (S$1.7 billion) floating rate senior unsecured notes.…
Business
CapitaLand India Trust to buy Bengaluru office project for 14.7 billion rupees
CAPITALAND India Trust (Clint) will purchase a 1.13 million-square-foot (sq ft) office project in Bengaluru from luxury residence…