Business
Nexstar to buy Tegna for US$3.5 billion in bet on FCC reforms
Nexstar Media Group agreed to buy TV station operator Tegna for US$3.5 billion in a deal that stands to dramatically expand Nexstar’s…
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bet
Business
SoftBank makes surprise US$2 billion bet on Intel’s AI revival
SoftBank Group agreed to buy US$2 billion of Intel stock, a surprise deal to shore up a struggling US name while boosting its own chip…
Business
GoTo nears net income as cost cuts, fintech bet gather steam
Indonesia’s Internet champion GoTo Group is getting closer to sustainable profitability, with its finance chief predicting net income in…
Business
Is Genting Singapore still a good bet?
This column predicted late last year that Genting Singapore’s profitability will improve in 2025, and drive a recovery in its beaten down…
Business
Vietnam’s richest man shifts strategy after US$14 billion bet on EVs
Pham Nhat Vuong spent billions of US dollars on an unsuccessful push to turn his upstart electric automaker into a major player in the US…
Business
US dollar tumbles;traders bet on more US rate cuts after weak jobs report
THE greenback dropped on Friday (Aug 1) and was on track for its biggest daily loss against the yen since January 2023 after data showed…
Business
Brunei tweaks Bridgewater bet to a lucrative 20% stake in firm
Brunei’s sovereign wealth fund pulled money from an investment in a Bridgewater Associates strategy to buy an almost 20% stake in the…
Business
Markets bet Beijing is getting serious about China’s overcapacity
Commodity prices from steel to polysilicon have surged this month as Chinese investors bet Beijing is finally serious about addressing…
Business
Samsung’s bet on foldable phones faces major test with slimmer new model
Samsung Electronics on Wednesday unveiled thinner, lighter new foldable phones as it aims to fend off Chinese competition in the…
Business
HSBC expands UK wealth bet in race to £100 billion asset goal
HSBC Holdings is ramping up growth plans for its UK wealth-management operations as Europe’s largest bank seeks to double the assets it…
Business
Xiaomi founder’s bold EV bet is paying off where Apple’s failed
Lei Jun, founder and chairman of Xiaomi, the only tech company to have successfully diversified into carmaking, could not resist. Speaking…
Business
Two Chinese chip firms plan 12 billion yuan IPOs, bet US export curbs to spur growth
Two Chinese artificial intelligence chip startups are seeking to raise a combined 12 billion yuan (S$2.1 billion) in initial public…
Business
Wall Street’s booming June is big bet against economy doomsayers
Wall Street is throwing a summer party with markets just closing out their best cross-asset advance in more than a year on receding fears…
Business
Ping An builds HK$180 billion stake in China banks on dividend bet
Ping An Insurance Group, as well as other Chinese insurers, have ramped up investments in the nation’s biggest banks on a bet that the…
Business
Toyota crashes Indonesia’s used-car party with $120m bet
It’s an alliance everyone saw coming. After decades of dominating Indonesia’s automotive industry, Toyota and Astra are joining forces for…
Business
Toyota crashes Indonesia’s used-car party with US$120 million bet
It’s an alliance everyone saw coming. After decades of dominating Indonesia’s automotive industry, Toyota and Astra are joining forces for…
Business
JPMorgan, Macquarie bet on S-Reits amid falling borrowing costs, MAS mandates
Singapore-listed real estate investment trusts (S-Reits) could gain from falling interest rates, particularly those with a domestic focus,…
Lifestyle
South-east Asia’s budget airlines bet on travel demand, despite competition woes
South-east Asia’s biggest budget airlines are pursuing a bruising capacity expansion race despite rising cost pressures that are squeezing…
Business
Who is Alexender Wang? 28-year-Old, 'Scale AI' CEO Chosen to Lead Meta's $14.3B 'Superintelligence' Bet
In a major move, technology giant Meta has not only acquired a 49% stake in Scale AI by investing $14.3 billion but has also recruited its…
Fashion
Ciara Opts for Monochrome Black With Rhinestone-embellished Saint Laurent Sandals at BET Awards 2025
Ciara brought her style to the 2025 BET Awards in Los Angeles on Monday night, dressing up in an edgy monochrome black ensemble rounded…
Business
Tencent Music buys SM Entertainment stake in K-pop bet
A Tencent Holdings subsidiary is snapping up a nearly 10 per cent stake in SM Entertainment valued at about US$180 million, marking a rare…
Business
CATL’s 1.8-billion euro German plant boosts China’s invest-abroad bet
[SINGAPORE/BERLIN] More than two years ago on the outskirts of a medieval German town, China’s biggest EV battery company placed a…
Business
Australia’s richest woman doubles US stocks bet to US$2.5 billion
Most of Rinehart’s new investment goes into simple index trackers for the Nasdaq 100, S&P 500 and Dow Jones Industrial Average Billionaire…
Business
IBM launches new mainframe in bet that some data stays local
The intense computational requirements of generative AI have increased demand for many kinds of tech hardware International Business…