Business
Australia’s central bank swings to A$11 billion profit, again skips paying dividend to government
Australia’s central bank swung to an accounting profit last financial year on lower bond yields and a depreciating currency, though it…
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Billion
Business
SoftBank to buy ABB’s robotics arm in US$5.4 billion deal
SoftBank Group has agreed to acquire ABB’s industrial robots unit at an enterprise value of almost US$5.4 billion, reflecting the Japanese…
Business
SoftBank to buy ABB’s robotics business in US$5.4 billion deal
SoftBank Group said on Wednesday (Oct 8) it has agreed to buy the robotics business of Swiss engineering group ABB in a US$5.4 billion…
Business
Nvidia to invest in Musk’s xAI as part of US$20 billion funding
Data centre capacity is seen as a necessity for developing top AI models, though some have debated how much computing power can improve…
Business
Vietnam Expected to Record Over $900 Billion in Trade Turnover by 2025
Vietnam's trade turnover is already exceeding expectations, and it is expected to reach a historic milestone of over $900 billion in 2025.…
Business
NYSE parent nears deal for US$2 billion stake in crypto-based betting startup Polymarket: sources
INTERCONTINENTAL Exchange, the parent of New York Stock Exchange, is in talks to invest US$2 billion in Polymarket, The Wall Street…
Business
BBVA has 8 billion euros to fund mandatory bid for Sabadell if needed: CEO
A combined entity would become one of the largest lenders in Europe by assets, with about one trillion euros BBVA has eight billion euros…
Business
Thai Cabinet approves 44 billion baht stimulus programme to boost growth
South-east Asia’s second-largest economy has been hit by US tariffs, high household debt, weak consumption, and a strong currency…
Business
DBS jumps 2.3% to new all-time high, drives market cap past S$150 billion
Shares of DBS Bank climbed as much as 2.3 per cent on Tuesday (Oct 7) morning, driving its market capitalisation beyond S$150 billion. The…
Business
DBS jumps 2.4% to new all-time high, drives market cap past S$150 billion
Shares of DBS climbed as much as 2.4 per cent on Tuesday (Oct 7) morning, driving its market capitalisation beyond S$150 billion. The…
Business
DBS jumps 3% to new all-time high, drives market cap past S$150 billion
Shares of DBS climbed as much as 3 per cent on Tuesday (Oct 7), driving its market capitalisation beyond S$150 billion. The counter hit…
Business
Two Australian pensions confirm merger to form A$235 billion fund
Aware Super, one of Australia’s largest pensions, confirmed plans to merge with smaller rival TelstraSuper to form a A$235 billion (S$201…
Business
Eli Lilly to invest US$1 billion in India contract manufacturing
The investment plan comes days after US President Donald Trump announced a 100% tariff on imported branded or patented drugs Eli Lilly…
Business
LG Electronics India starts taking bids for US$1.3 billion IPO
The South Korean parent is offering as many as 101.8 million shares of LG Electronics India at 1,080 rupees to 1,140 rupees each LG…
Business
LG Electronics’ US$1.3 billion India IPO fully subscribed on first day
The share sale signals growing confidence that investor demand can absorb large issuances despite the headwinds facing the local stock…
Business
Tata Capital begins taking orders for 155 billion rupees IPO, India’s largest this year
Tata Capital started taking orders on Monday (Oct 6) for an initial public offering that may raise as much as 155 billion rupees (S$2.3…
Business
Fullerton launches first retail fund under MAS’ S$5 billion EQDP initiative
It is offered as a collective investment scheme to retail, accredited and institutional investors in Singapore and selected international…
Business
Fullerton launches first retail fund under MAS’ S$5 billion equity initiative
It is offered as a collective investment scheme to retail, accredited and institutional investors in Singapore and selected international…
Business
Stellantis said to plan US$10 billion in US turnaround investments
The carmaker is temporarily pausing production at eight of its plants in Europe amid lagging demand for models including the Alfa Romeo…
Business
DBS gains S$26 billion in value, widening lead against OCBC
The bank is more efficiently run versus its peers and has more of a focus to reward shareholders, says Tareck Horchani of Maybank…
Business
BlackRock’s GIP nears US$40 billion deal to buy Aligned Data Centers in bet on AI
Global Infrastructure Partners already owns Dallas-based data centre company CyrusOne with KKR BlackRock’s Global Infrastructure Partners…
Business
Blackstone hits US$10 billion Asia buyout fund goal amid private equity chill
The world’s biggest asset manager’s fundraising comes as global investors are growing more cautious about private equity Blackstone hit a…
Business
Warren Buffett’s Berkshire Hathaway to buy Occidental’s chemical unit for US$9.7 billion
OxyChem is set to be Berkshire’s largest acquisition since it took over the insurer Alleghany in 2022 Warren Buffett’s Berkshire Hathaway…
Business
Musk becomes first person to hit US$500 billion net worth, Forbes list shows
Elon Musk on Wednesday (Oct 1) became the first person to surpass US$500 billion in net worth, powered by a rebound in Tesla’s share price…