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…
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Business
Billionaire investor Ryan Cohen boosts stake in Alibaba to US$1 billion: WSJ
BILLIONAIRE investor Ryan Cohen has increased his personal stake in Chinese e-commerce giant Alibaba Group to roughly US$1 billion in…
Business
Petronas mulls over US$1 billion loan for Malaysian LNG project
MALAYSIA’S Petroliam Nasional is in talks with banks for a potential loan to fund a liquefied national gas (LNG) project, according to…
Business
DBS signs mandates for Singapore listings with potential valuations of US$1 billion
DBS, South-east Asia’s biggest bank, has several listings lined up for the Singapore market, including some potential blockbusters with…
Business
China’s BYD to complete US$1 billion Indonesia plant by year-end: executive
CHINA’S top electric vehicle maker BYD aims to complete its US$1 billion plant in Indonesia at the end of 2025, the head of its local unit…
Business
Malaysia’s Yinson secures deal with investors including Abu Dhabi for US$1 billion funding
MALAYSIAN energy infrastructure firm Yinson Holdings said it has signed an agreement with a consortium of investors for a funding round in…
Business
DBS to redeem US$1 billion of 3.3% perpetuals on Feb 27
DBS on Friday (Jan 10) announced that it will redeem all US$1 billion of its 3.3 per cent perpetual capital securities on Feb 27, the…
Business
Japan’s NTT appoints banks for US$1 billion data centre Reit IPO in Singapore: sources
JAPAN’S Nippon Telegraph & Telephone Corp (NTT) has appointed Bank of America and UBS to work on a US$1 billion data centre real estate…
Business
Japan’s NTT plans US$1 billion data centre Reit listing in Singapore; appoints BofA, UBS
JAPAN’S Nippon Telegraph & Telephone Corp (NTT) has appointed Bank of America and UBS to work on a US$1 billion data centre real estate…
Business
Blackstone’s infrastructure fund for individuals raises more than US$1 billion
BLACKSTONE is betting individuals will turn the firm into a bigger force in roads, ports and data centres. The alternative asset manager…
Business
Tesla poised for US$1 billion windfall from EU’s emissions curbs
TESLA could collect more than 1 billion euros (S$1.4 billion) in compensation from rival automakers that need help meeting tougher…
Business
Chery adds JPMorgan for US$1 billion Hong Kong listing
CHERY Holding Group has added JPMorgan Chase to help arrange a potential listing of its automotive unit in Hong Kong next year, according…
Business
Amicorp rejects 1MDB’s US$1 billion asset recovery claim
Authorities in Asia, the US and Europe have been working to coordinate their investigations into the money trail from 1MDB Amicorp Group…
Business
1MDB sues Amicorp for over US$1 billion for allegedly facilitating US$7 billion fraud
The lawsuit seeks damages of more than US$1 billion from the financial services provider SCANDAL-HIT Malaysian state fund 1MDB and its…
Business
Apple’s US$1 billion investment may be fleeting win for Indonesia
INDONESIA claimed victory after Apple offered to increase its investment in the country to US$1 billion to get President Prabowo…
Business
Saudi Global Ports, co-owned by PSA, taps banks for up to US$1 billion IPO
STATE-backed Saudi Global Ports has picked banks including Goldman Sachs Group and HSBC Holdings to help arrange a planned Riyadh initial…
Business
Saudi Global Ports, co-owned by PSA, taps banks for up to US$1 billion IPO: sources
STATE-backed Saudi Global Ports has picked banks including Goldman Sachs Group and HSBC Holdings to help arrange a planned Riyadh initial…
Business
Broadcom valuation soars past US$1 trillion on AI sales boom
BROADCOM, a chip supplier for Apple and other big tech companies, surged to a US$1 trillion market valuation for the first time after…
Business
IFC, HSBC inks US$1 billion risk-sharing facility to boost trade financing in emerging markets
The two will equally share the risk on a portfolio of trade-related assets held by emerging-market banks in 20 countries THE International…
Business
IFC, HSBC ink US$1 billion risk-sharing facility to boost trade financing in emerging markets
The two will equally share the risk on a portfolio of trade-related assets held by emerging-market banks in 20 countries THE International…
Business
Alaska Airlines sees US$1 billion jump in profit after merger with Hawaiian Airlines
ALASKA Airlines on Tuesday unveiled a plan to generate US$1 billion in additional profits by 2027 by leveraging its acquisition of…
Business
Global airlines forecast US$1 trillion 2025 revenue despite plane shortage
GLOBAL airlines body International Air Transport Association (Iata) has forecast industry-wide 2025 revenue of more than a trillion US…