Business
BlackRock gets US$10 billion financing for Aramco deal: sources
The majority of the financing is a seven-year loan facility, which could later be refinanced in the bond market A group led by BlackRock’s…
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Business
Business
Dismembered Body Found Inside Singer D4vd's Tesla in LA Impound Is of a Woman With a Hunting Tattoo on Right Index Finger
The dismembered remains found in the trunk of a Tesla registered to singer D4vd belong to a woman, identified in part by a distinctive…
Business
US: S&P 500, Nasdaq hit record highs on boosted rate-cut bets
The S&P 500 and the Nasdaq hit intraday record highs at the open on Wednesday (Sep 10), after cooler-than-expected producer inflation data…
Business
AI infrastructure company Nebius to raise US$3 billion to fuel growth
Nebius Group said on Wednesday (Sep 10) it would raise US$3 billion to fuel growth in its core artificial intelligence cloud business, on…
Business
mm2 Asia’s Malaysia unit settles dispute with landlord over unpaid rent, other charges
A Malaysian unit of beleaguered entertainment group mm2 Asia has settled a dispute with its landlord, Hektar Real Estate Investment Trust,…
Business
Del Monte swings into the black in Q1 with US$5.5 million net profit
Canned-food brand Del Monte Pacific has returned to the black with a net profit of US$5.5 million for its first quarter ended Jul 31,…
Business
Del Monte Pacific swings into the black in Q1 with US$5.5 million net profit
This is due to higher sales from both the company’s domestic market in the Philippines and international markets Canned-food brand Del…
Business
Nio plans US$1 billion share sale to fund EV growth
The Shanghai-based EV maker will sell as many as 181.8 million new shares at HK$42.86 to HK$44.46 each Chinese electric-vehicle maker Nio…
Business
Oracle expects half a trillion dollars in booked cloud orders, stock rises 27%
Oracle said on Tuesday (Sep 9) it expects booked revenue at its Oracle Cloud Infrastructure business to exceed half a trillion US dollars,…
Business
Frasers Property’s emerging markets chief to take on additional role of Thailand CEO
Lim Hua Tiong is set to replace Thanapol Sirithanachai, who will continue to serve on the board Frasers Property’s emerging markets chief…
Business
Centurium considers stake sale in US$6 billion Taibang Biologic: sources
Chinese private equity firm Centurium Capital is considering selling its stake in Taibang Biologic Group, people familiar with the matter…
Business
Tapestry’s Opens a Much Wider Lens on the Handbag Market, Targets $10B for Coach
Joanne Crevoiserat might have had to turn to Plan B for Tapestry Inc. after the $8.5 billion acquisition of Capri Holdings fell through —…
Business
mm2 Asia scraps stake sale; PE fund to take 29% of Vividthree stake in direct share deal instead
As a result of the new share placement, controlling shareholder mm2 Asia’s stake in Vividthree will be diluted to 23% Vividthree Holdings…
Business
Centurion wins shareholder support for Reit listing plan
The Reit will accelerate the group’s growth and support sustainable capital recycling, says chief executive Kong Chee Min Mainboard-listed…
Business
STI rises 1.1% to new high, as DBS leads gains
The benchmark Straits Times Index (STI) ended 1.1 per cent or 48.89 points higher at a record 4,346.46 on Wednesday (Sep 10), with DBS…
Business
“Cashing Out” Examines an Investment Strategy That Profited from AIDS Deaths
As grateful as I am to the director Matt Nadel for making “Cashing Out,” a vital and outstanding film about a terrible time, it also made…
Business
Asian markets enjoy record day as new US jobs data fans rate cut hopes
Asian markets extended gains on Wednesday (Sep 10), with Tokyo and Seoul emulating a record day on Wall Street as fresh data pointing to a…
Business
Ellison rivals Musk as world’s richest man with US$70 billion gain
Larry Ellison is closing in on Elon Musk for the title of the world’s richest person. His fortune soared US$70 billion after Oracle…
Business
Ellison tops Musk as world’s richest man after US$101 billion gain
Ellison, who co-founded Oracle, has the bulk of his net worth tied up in the database software company Larry Ellison has become the…
Business
Oracle co-founder Ellison tops Musk as world’s richest man after US$101 billion gain
Ellison, who co-founded Oracle, has the bulk of his net worth tied up in the database software company Larry Ellison has become the…
Business
South Korea's Kospi benchmark hits record as reform prospects brighten
South Korean shares hit a record high on Wednesday (Sep 10), boosted by investors’ hopes for President Lee Jae Myung’s plan to reverse a…
Business
Wegovy-maker Novo Nordisk to cut 9,000 jobs in restructuring
Wegovy-maker Novo Nordisk will cut 9,000 jobs, or about 11.5 per cent of its workforce, in a restructuring to save eight billion Danish…
Business
Ozempic-maker Novo Nordisk to cut 9,000 jobs in restructuring
Wegovy-maker Novo Nordisk will cut 9,000 jobs, or about 11.5 per cent of its workforce, in a restructuring to save eight billion Danish…
Business
Deutsche Bank hires trio for Asia Pacific credit trading, sales
Deutsche Bank hired three for its Asia Pacific credit trading and sales desk, underscoring high demand for staff, as finance professionals…