Business
Nvidia’s US$100 billion OpenAI play raises big antitrust issues
The US$100 billion partnership between dominant AI chipmaker Nvidia and leading artificial intelligence company OpenAI could give both…
Tag
Billion
Business
How typhoons can delay big IPOs like Zijin Gold’s US$3.2 billion deal in Hong Kong
One could be forgiven to question how a storm could delay one of the world’s biggest deals in a sophisticated financial centre like Hong…
Business
Heineken to buy Fifco businesses for US$3.2 billion in Central America push
The deal will enable Heineken to enter “new profit pools” across Central America, says chief executive Dolf van den Brink Dutch brewer…
Unsorted
Shell MDS Sarawak ordered by Court to pay close to RM 1 billion in gas payment owed to PETRONAS instead of PETROS.
The Court of Appeal's Sept 22 decision ordering Shell MDS (SMDS) to pay overdue gas payments and lifting the injunction that forced…
Business
Singapore firm rejects US$1 billion Sri Lankan pollution damages
X-Press Feeders has operated the MV X-Press Pearl that sank off Colombo Port in June 2021 after a fire, believed to have been caused by a…
Business
Apac data centre owners look beyond banks to fund US$100 billion of construction over 5 years: S&P
Options include capital recycling via Reits, asset-backed securities, private credit funding Asia Pacific (Apac) data centre operators…
Business
‘Baby Shark’ creator Pinkfong seeks to raise 76 billion won from Seoul IPO
The company behind Baby Shark, the most-watched YouTube video of all time, is seeking to raise as much as 76 billion won (S$70 million)…
Business
Keppel DC Reit acquires Tokyo data centre for 82.1 billion yen, launches preferential offering to raise S$404.5 million
The new, freehold facility is contracted to a leading global hyperscaler for 15 years The manager of Keppel DC Reit on Monday (Sep 22)…
Business
Nvidia to invest US$100 billion in OpenAI
The partnership comes as competition intensifies among technology giants and startups to secure access to energy and chips needed for AI…
Business
China’s showcase of AI chip prowess triggers US$240 billion rally
Investors are betting the recent flurry of talk by Chinese tech firms will translate into real products down the road FROM Huawei…
Business
China EV maker Nio surges 5% following equity offering completion of more than US$1 billion
Both its Hong Kong-listed shares and those traded on the SGX jump on Friday morning Shares of Chinese electric-vehicle (EV) maker Nio rose…
Business
China EV maker Nio surges 4% following equity offering completion of more than US$1 billion
Shares of Chinese electric-vehicle (EV) maker Nio rose by 4.2 per cent on Friday (Sep 19) on the Singapore Exchange (SGX), after the…
Business
AEM soars 12.1% on the back of Nvidia’s US$5 billion Intel investment
Shares of AEM jumped as much as 12.1 per cent on Friday (Sep 19) shortly after market opened, following overnight news of Nvidia’s US$5…
Business
AEM soars 16.6% on the back of Nvidia’s US$5 billion Intel investment
Shares of AEM jumped as much as 16.6 per cent on Friday (Sep 19) shortly after market opened, following overnight news of Nvidia’s US$5…
Business
AEM soars 18.5% on the back of Nvidia’s US$5 billion Intel investment
Shares of AEM jumped as much as 18.5 per cent on Friday (Sep 19) following overnight news of Nvidia’s US$5 billion investment in chipmaker…
Business
AEM soars 17.8% on the back of Nvidia’s US$5 billion Intel investment
Shares of AEM jumped as much as 19.1 per cent on Friday (Sep 19) following overnight news of Nvidia’s US$5 billion investment in chipmaker…
Business
CATL’s stock touted as cheap even after a US$110 billion rally
The Shenzhen-listed stock of the world’s biggest battery maker has surged nearly 75% since this year’s low in early April, adding US$110…
Business
Zijin Gold seeks HK$25 billion in world’s biggest IPO since May
The gold producer is coming to market at a time prices of the precious metal extend their rise, it broke another record this week Zijin…
Business
Boustead’s proposed Reit listing has portfolio value of S$1.9 billion
The portfolio will comprise 23 logistics and industrial properties – 21 in Singapore and two in Japan Boustead Singapore said on Thursday…
Business
Nvidia invests US$5 billion in Intel, plans to co-design chips
Nvidia Corp agreed to invest US$5 billion in Intel and said the two will co-develop chips for PCs and data centres, a surprise move to…
Business
China’s Chery Automobile seeks up to HK$9.1 billion in Hong Kong IPO
Chery Automobile is seeking to raise as much as HK$9.1 billion (S$1.5 billion) in a Hong Kong initial public offering (IPO), kicking off…
Business
Microsoft pledges to invest US$30 billion in UK as Trump visits
Britain ranks among the top countries for private AI investments over the past decade Microsoft announced on Tuesday (Sep 16) a US$30…
Business
World must spend US$540 billion a year looking for oil and gas: IEA
The world needs to spend some US$540 billion a year looking for oil and gas to maintain current output by 2050 as the pace of declines in…
Business
Musk answers Tesla’s pay proposal with US$1 billion stock buy
ELON Musk responded to an unprecedented pay proposal from Tesla’s board by buying about US$1 billion worth of shares, sending the stock…