Business
US sanctions propel Chinese AI prodigy to US$23 billion fortune
In 2019, Chen Tianshi was a long way from becoming one of the wealthiest people on the planet. The largest customer for his three-year-old…
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Business
Should the S$5 billion EQDP roll-out be slowed amid elevated valuations, global market risks?
Even if the worries of a disorderly correction are overblown, some richly priced stocks may struggle to deliver worthwhile returns over…
Business
South Korean conglomerates pledge US$550 billion domestic investment
Samsung Group and SK Group were among four of South Korea’s biggest companies that pledged to invest about US$550 billion in the country…
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
Google plans US$40 billion Texas data center investment amid AI boom
ALPHABET’S Google said on Friday (Nov 14) it would invest US$40 billion in three new data centers in Texas, as part of its push to expand…
Business
Google plans US$40 billion Texas data centre investment amid AI boom
ALPHABET’S Google will invest US$40 billion in three new data centres in Texas, as part of its push to expand capacity for artificial…
Business
Novo gets 15 billion euros of orders for Akero acquisition bonds
Novo Nordisk has pulled in more than 15 billion euros (S$22.6 billion) of investor orders for its multi-tranche bond sale, more than…
Business
Marco Polo Marine unit clinches NT$4.7 billion project for research vessel in largest contract win
The project marks the company’s strategic expansion into high-value, specialised vessel construction Integrated marine logistics company…
Business
Toyota opens US battery plant, confirms US$10 billion investment plan
TOYOTA Motor said on Wednesday it had begun production at its US$13.9 billion North Carolina battery plant as it ramps up hybrid…
Business
Seatrium eyes more new order wins; net order book stands at S$16.6 billion in Q3
The group said it is making ‘steady progress’ toward achieving its 2028 financial targets. Offshore, marine and energy specialist Seatrium…
Business
Manulife CQS raises US$1.1 billion for synthetic-risk transfers
The money is for its Manulife CQS Regulatory Capital Relief III Fund as well as some separately managed accounts Manulife’s credit arm CQS…
Business
Hong Kong’s investment firm reports HK$2 billion return in 2024
As at end-2024, the firm had used up under a fifth of its initial HK$62 billion kitty Hong Kong Investment Corporation (HKIC) generated…
Business
ST Engineering posts 9% rise in 9M revenue to S$9.1 billion despite impairments from subsidiary
ST Engineering posted a 9 per cent year on year rise in revenue to S$9.1 billion for the nine months ended Sep 30, on the back of strong…
Business
ST Engineering posts 9% rise in 9M revenue to S$9.1 billion
ST Engineering posted a 9 per cent year-on-year rise in revenue to S$9.1 billion for the nine months ended Sep 30, on the back of strong…
Business
Bitcoin traders are still rattled after US$340 billion wipeout
BITCOIN is struggling to stage a meaningful recovery after last month’s stumble, with signs of fatigue continuing to mount across crypto…
Business
Singtel H1 earnings nearly treble to S$3.4 billion on one-off gains
Telecommunications giant Singtel on Wednesday (Nov 12) posted a 176.4 per cent increase in net profit to S$3.4 billion for the first…
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
Microsoft to invest US$10 billion in Portugal AI data hub
The company is building the hub with Start Campus, a Portuguese developer, and British startup Nscale Microsoft will spend US$10 billion…
Business
Buyer of Shell’s refinery has set aside US$2 billion for Singapore investments, is hungry for more deals
Aster is betting on ‘strategic resilience’ as it invests through the oil and gas down cycle Energy and chemicals player Aster has set…
Business
Buyer of Shell’s refinery has set aside US$2 billion for Singapore investments; more deals on the way
Aster is betting on ‘strategic resilience’ as it invests through the oil and gas down cycle Energy and chemicals player Aster has set…
Business
KKR, Singtel seek S$5 billion loan for STT GDC buyout
If finalised, this deal could mark Asia’s largest-ever leveraged buyout financing in the data centre sector A consortium comprising of KKR…
Business
KKR, Singtel seek S$5 billion loan for STT GDC buyout: sources
If finalised, this deal could mark Asia’s largest-ever leveraged buyout financing in the data-centre sector A consortium comprising of KKR…