Business
Snapchat is nearing 1 billion monthly users. Why can't it turn a profit?
Snapchat, an app whose disappearing messages and silly face filters made chatting with loved ones more casual, is close to a milestone…
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Billion
Business
Citigroup India nears US$1 billion book of asset backed securities
While securitisation deals are common in developed economies, the country’s market is still nascent Citigroup’s India unit has more than…
Business
Maybank Q3 profit up 3.3% at RM2.62 billion
Maybank’s net profit for the third quarter ended Sep 30 rose 3.3 per cent to RM2.62 billion (S$828 million), from RM2.54 billion in the…
Business
Fact Check: NO EVIDENCE Zelenskyy Invested $500 Million, $1.5 Billion 'Of His Own Money' In Ski Resort In Western Ukraine -- Project's Developer Denies His Involvement
Did President of Ukraine Volodymyr Zelenskyy invest $500 million or $1.5 billion "of his own money" in "a ski resort in Western Ukraine"?…
Politics
Trump administration reviving Three Mile Island with $1 billion loan
The U.S. Department of Energy said Tuesday it will loan $1 billion to help finance the restart of the long-idle nuclear reactor at…
Business
France's $6.4 Billion Tax Break for Heirs Faces Crackdown After Shocking Audit
This article first appeared on GuruFocus. France's Dutreil succession regime is suddenly at the center of a fiscal storm, after the Cour…
Business
Singapore leads South-east Asia IPO market with US$1.6 billion in proceeds: Deloitte
Malaysia logs the highest number of new listings, with 48 issues raising US$1.1 billion in 2025 so far Singapore has emerged as South-east…
Politics
Muslim Brotherhood stole half a billion dollars in Gaza donations, Arab sources reveal
While Farghali noted that it is typical of the Muslim Brotherhood to “exploit Gaza and Palestine for money.” The Muslim Brotherhood…
Business
J&J to buy Halda Therapeutics in US$3.05 billion cash deal
Johnson & Johnson has agreed to buy the cancer treatment biotech Halda Therapeutics for US$3.05 billion cash, part of a strategy to cope…
Business
Samsung plans US$310 billion investment to power AI expansion
Five-year investment package includes plans to build a new semiconductor facility designed to meet the needs of memory-chip demands South…
Business
Korean conglomerates pledge US$464 billion of domestic investment
A trade deal with the US sparked concerns over low domestic investment and the nation’s currency Samsung Electronics, Hyundai Motor Group…
Business
Buffett acquires US$4.9 billion stake in Google parent Alphabet
WARREN Buffett’s Berkshire Hathaway acquired 17.9 million shares of Google parent Alphabet during the third quarter, while further…
Business
SoftBank’s US$5.8 billion Nvidia stake sale stirs fresh AI bubble fears
The Japanese tech investor needs the proceeds for initiatives including the US$500 billion Stargate project to expand US data-centre…
Business
Analysts positive on Singtel unit’s S$1.5 billion Bharti Airtel sale
Separately, Singtel and KKR are in talks to acquire all of ST Telemedia Global Data Centres they do not already own for more than S$6.4…
News
Israel grants NIS 3.25 billion in benefits to career IDF officers, mandatory service soldiers
Israel approved NIS 3.25b. in aid for IDF soldiers and officers to ease financial hardships caused by the war. The government and the IDF…
Business
Metsera accepts Pfizer’s US$10 billion bid in ongoing M&A battle
OBESITY drug developer Metsera said on Friday that it had accepted Pfizer’s US$10 billion acquisition offer, in what could spell the end…
Business
Siemens wins $2.5 billion order from Swiss railway for 116 trains
A Siemens Mobility "Mireo" train stands in Buchloe station after a test run. Germany's Siemens Mobility has received an order by…
Business
Singtel unit sells 0.8% stake in Bharti Airtel for about S$1.5 billion, booking estimated S$1.1 billion gain
The sale reduces Singtel’s effective stake in Bharti Airtel from 28.3 per cent to 27.5 per cent Singtel has unlocked S$1.5 billion from…
Business
China’s US$470 billion oil and gas splurge is just the start
The Asian nation still consumes far more than it produces, and that is unlikely to change any time soon Some 20 kilometres out from the…
Business
WeRide is poised to raise HK$2.39 billion in Hong Kong listing
WeRide is set to raise HK$2.39 billion (S$402 million) from its Hong Kong share sale, according to sources familiar with the matter, as it…
Business
Nvidia to invest US$1 billion in Nokia in AI networking push
Nvidia Corp. plans to make a US$1 billion equity investment in Nokia Oyj, an apparent vindication of the Finnish company’s pivot from…
Politics
India’s $70 Billion Energy Engine Behind $15 Billion AI Leap - Newsweek
When Prime Minister Narendra Modi declared that India must “lead the world in the responsible use of artificial intelligence and build the…
Business
Indonesia launches 6 billion yuan dim sum bond, to be listed on SGX
The bond offers yields of 2.5% on five-year notes and 2.9% on the 10-year tranche Indonesia has launched its debut offshore…
Business
Rheinmetall secures nearly €3 billion order for armored vehicles
The logo of the Rheinmetall armaments group can be seen behind a fence at the entrance to a Rheinmetall plant. Wolf von Dewitz/dpa Germany…