Business
Temasek, Nvidia, Blackrock part of group striking US$40 billion data centre deal to fuel AI boom
The deal underscores the rush to build costly infrastructure essential for powering advanced AI models An investor group including…
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Coinbase backs India’s CoinDCX at US$2.45 billion valuation
Global crypto playersare attempting to expand in India despite a punitive tax regime that has curtailed trading volumes Coinbase Global…
Business
Stellantis to invest US$13 billion in the United States
The investment will infuse new capital into plants in Michigan, Illinois, Ohio and Indiana Stellantis announced a US$13 billion investment…
Business
Salesforce to invest $15 billion in San Francisco to advance AI
Software giant Salesforce is planning to invest $15 billion in San Francisco over the next five years to strengthen the city’s dominance…
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Swiss court says 16.5 billion Swiss francs bond write-off in Credit Suisse rescue was unlawful
A Swiss court on Tuesday (Oct 14) said the Swiss financial market regulator’s 2023 decision to write off 16.5 billion Swiss francs (S$26.7…
Business
GM takes US$1.6 billion charge as it reassesses EV plans
General Motors said on Tuesday (Oct 14) it will take US$1.6 billion in third-quarter charges as it realigns electric-vehicle plans…
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Huawei’s EV partner Seres said to gauge interest for US$2 billion Hong Kong listing: sources
Chinese electric-vehicle maker Seres Group has started gauging investor interest for a Hong Kong listing that may raise US$1.5 billion to…
Business
Google plans US$15 billion data centre hub in biggest India bet
The Indian state of Andhra Pradesh aims to host 6 gigawatts of data centre capacity by 2029 Alphabet’s Google aims to invest about US$15…
Business
LG India jumps 50% in trading debut after US$1.3 billion IPO
The home-appliance maker’s market value to US$13 billion, higher than that of its South Korean parent LG Electronics India soared in its…
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LG India jumps 53% in trading debut after US$1.3 billion IPO
The record-breaking market debut is driven by strong investor conviction in the company’s vision and fundamentals LG Electronics India…
Business
JPMorgan seeks to double Asia assets to US$600 billion by 2030
The company has managed US$302 billion in the region at the end of 2024, according to its financial filing JPMorgan Asset Management wants…
Business
As AI-bubble fears spread, a US$35 billion fund manager positions for inflows
Impax has had a rough ride in recent years, as low-carbon investments that did not pan out were followed by lost mandates Impax Asset…
Business
Canadian pension fund La Caisse gears up to invest C$15 billion in Asia-Pacific
Infrastructure is expected to take up C$9 billion while credit and real estate will account for C$3 billion each La Caisse, one of the…
Business
S-Reits fundraising uptrend continues in 2025, with S$4 billion in year to date
Singapore real estate investment trusts, or S-Reits, have been experiencing strong equity fundraising (EFR) this year, with the total…
Business
S-Reits fundraising uptrend continues in 2025, with S$4 billion raised year to date
Singapore real estate investment trusts, or S-Reits, have been experiencing strong equity fundraising (EFR) this year, with the total…
Business
Crypto sees more than US$6 billion in liquidations
(Bloomberg) – Cryptocurrency prices tumbled after US President Donald Trump said he would impose an additional 100 per cent tariff on…
Business
Digital euro could drain up to 700 billion euros of deposits in bank run, ECB says
The ECB has presented the digital currency as an alternative to US-dominated means of payment A digital euro could drain up to 700 billion…
Business
GIC, Carlyle-backed chemicals firm Nouryon shelves US$5.8 billion loan amid investor unease
Moody’s cuts Nouryon’s Q4 estimates amid macro uncertainty and weak demand in construction markets Speciality chemicals producer Nouryon…
Business
HSBC’s top boss bets US$14 billion on Hong Kong in push for growth
For a bank that has spent much of the last decade shying away from major deals, Elhedery’s approach marks a sea change from his…
Business
Global Resale Market Set to Grow to $360 Billion by 2030, Says BCG
PARIS — The global resale market for fashion and luxury goods is continuing to soar, projected to reach between $320 billion and $360…
Business
HSBC plans to take Hang Seng Bank private in US$37 billion deal
The firm, based in London, is known as an anchor of commerce between the Asia-Pacific region and the rest of the world HSBC Holdings is…
Business
HSBC plans to privatise Hang Seng at US$37 billion valuation
The lender plans to refrain from share buybacks in the coming three quarters as it seeks to restore its capital ratio to its operating…
Business
SoftBank’s Graphcore plans £1 billion chip investment in India
The US’s tensions with China have helped the country rise in prominence for global tech companies, but its AI infrastructure is still…
Business
Chinese 450 billion yuan optics firm Innolight weighs Hong Kong listing: sources
Zhongji Innolight, a Chinese maker of optical communication modules and devices, is considering a listing in Hong Kong, according to…