Business
Microsoft bets US$33 billion on neoclouds like Nebius to ease AI crunch: sources
Microsoft’s deal with neocloud company Nebius Group will provide computing power to internal teams creating large language models and a…
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Yahoo nears deal to sell AOL to Italy’s Bending Spoons for US$1.4 billion
Yahoo is in advanced talks to sell AOL to Italian technology company Bending Spoons for about US$1.4 billion, four sources familiar with…
Business
Yangzijiang Financial pumps 1.02 billion yuan in lithium battery producer Ningbo Shanshan’s restructuring
The investment by the group and two of its investors gives them effective voting rights of 23.4 per cent in the lithium battery producer…
Business
DBS, UOB, OCBC lead dividend growth as Singapore companies pay out US$8.2 billion in H1
DBS was among the top 13 banking contributors to H1 dividend growth, says Capital Group The three local banks led dividend growth in…
Business
Thakral Corp divests Yotsubashi Nakano Building in Osaka for 5.3 billion yen
Thakral Corporation announced on Tuesday (Sep 30) that it has completed the divestment of its commercial building, Yotsubashi Nakano…
Business
BOJ cuts monthly bond purchase amount by 400 billion yen, as expected
Reductions were seen across bonds ranging from one to 25 years remaining to maturity The Bank of Japan on Tuesday (Sep 30) announced a…
Business
JPMorgan’s US$20 billion EA deal marks win over private credit
The bank makes the commitment through its leveraged-finance arm, not its private credit strategy The US$55 billion take-private of…
Business
Australia’s Aware Super buys into US$1.3 billion US warehouse deal
The investment comprises three Los Angeles properties spanning about 2.8 million square feet of building area, the A$200 billion…
Business
EA agrees to US$55 billion sale in largest leveraged buyout on record
The video-game maker is selling to a consortium that includes Saudi Arabia’s Public Investment Fund, and a fund founded by US President…
Business
Tata Group loses US$73 billion in market value as risks grow
India’s Tata Group has lost about US$73 billion in market value this year, with a significant chunk of the erosion coming in recent weeks…
Business
Jaguar Land Rover gets UK guarantee for £1.5 billion loan after cyberattack halts production
Jaguar Land Rover (JLR) will get backing from the UK government for a £1.5 billion (S$2.6 billion) loan aimed at easing the strain on…
Business
Kraken in strategic investor talks at US$20 billion valuation
The crypto exchange has until this year raised only about US$27 million in primary capital Kraken is in advanced talks to raise new…
Business
Amazon to pay $2.5 billion to settle allegations it duped people into subscribing to Prime
Amazon has agreed to pay $2.5 billion to settle accusations that the e-commerce giant tricked millions of customers into subscribing to…
Business
Starbucks to close stores, cut 900 jobs in US$1 billion restructuring
The company says its overall store count will drop by 1% during the 2025 fiscal year Starbucks said it will close stores and eliminate 900…
Business
China’s mining giant Zijin tops US$100 billion in value to near BHP, Rio Tinto
China’s Zijin Mining Group is worth more than US$100 billion at the market close for the first time, after a decade-long growth push…
Business
MAS’ S$5 billion injection is strategic, sustainable solution to perk up equities market, say fund managers
Equity Market Development Programme is designed as a durable one, and will adapt as market conditions evolve, they add The Monetary…
Business
CapitaLand India Trust unit to divest two assets in Chennai, Hyderabad for 11 billion rupees
The total enterprise value of the sale is about 3 per cent higher than the aggregate of the independent valuations The trustee-manager of…
Business
Zijin Gold delays US$3.2 billion IPO as typhoon pummels Hong Kong
Zijin Gold International delayed its US$3.2 billion listing after Super Typhoon Ragasa slammed Hong Kong, bringing the city to a…
Business
KKR, Blackstone make US$17 billion natural gas bet after AI boost
Private credit lenders have been increasingly focused on investment-grade companies and large public firms for financing opportunities as…
Business
Crypto giant Tether seeks US$500 billion valuation in major raise
The El Salvador-based company has made a fortune by parking the reserves that back its token in cash-like assets, including US Treasuries,…
Business
OpenAI, Oracle, SoftBank plan five new AI data centres for US$500 billion Stargate project
Artificial intelligence is a priority for Trump and tech companies that are pouring billions into building the computers that are…
Business
Nvidia to invest $100 billion in OpenAI to build data centers
Nvidia plans to invest $100 billion in OpenAI, giving the ChatGPT maker a huge war chest to build data centers with the chip maker’s…
Business
Revolut to spend US$13 billion on its push for 100 million users
Revolut plans to enter 30 new geographies by the end of the decade, a strategy that will ultimately see the fintech invest US$13 billion…
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UN Estimates Vietnam may Forfeit $25 Billion as US Tariffs Take Toll
The United Nations Development Programme estimates that the August US tariffs could cut up to one-fifth of Vietnam's exports to the US,…