Business
China's Tencent aims to raise US$1 billion equivalent in dim sum bonds
Chinese gaming and social media leader Tencent Holdings is aiming to raise the equivalent of US$1 billion in a three-tranche offshore yuan…
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Business
Hesai jumps in Hong Kong debut after HK$4.2 billion listing
The company plans to use the proceeds to help lower the manufacturing costs of lidar systems Hesai Group, the world’s largest maker of…
Business
Vietnam Generates $2 Billion From Rubber Shipments in First 8 Months
Vietnam Customs reported that in the first eight months of 2025, the country exported 1.11 million tons of rubber valued at $1.98 billion.…
Business
StanChart Singapore’s first-half profit climbs 12.4% to nearly S$1 billion
StanChart Singapore’s net profit climbed 12.4 per cent to S$961 million in the first six months of this year, from S$854 million in the…
Business
StanChart Singapore’s H1 profit climbs 12.4% to nearly S$1 billion
The rise in earnings comes amid a boost in fee and commission income, as well as forex income Standard Chartered (StanChart) Singapore’s…
Business
Fading Labubu frenzy wipes US$13 billion from Pop Mart shares
The cooling frenzy over Labubu dolls has brought one of the world’s biggest stock rallies to a halt, erasing billions of US dollars from…
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BYD’s US$45 billion stock wipeout raises doubts on China outlook
BYD faces pressure to restore investor confidence after a US$45 billion stock sell-off, with growing concerns over its ability to fend off…
Business
Blackstone, KKR drive US$1.41 billion surge in private-equity deals in Korean beauty
Recent investments by Blackstone and KKR could help push deals made this year in sector past those in 2024 From a premium hair salon chain…
Business
Brookfield in talks to buy Yes! Communities from Singapore’s GIC in US$10 billion deal, FT reports
Brookfield Asset Management is in talks to buy Yes! Communities, a US landlord of manufactured homes, from Singaporean sovereign wealth…
Business
Busiest IPO week since 2021 mints US$4 billion for 6 newcomers
The initial public offering (IPO) market kicked into high gear this week, with sextet of deals raising more than US$4 billion in the…
Business
CapitaLand Commercial C-Reit’s public offer 535 times subscribed; 2.29 billion yuan raised from its Shanghai IPO
CapitaLand Investment, CapitaLand China Trust, CapitaLand Development to hold 20% of offer units CapitaLand Investment (CLI) on Friday…
Business
Saudi oil giant Aramco raises US$3 billion from Islamic bonds
Saudi Aramco, the world’s biggest oil company, raised US$3 billion from a sale of Islamic bonds, a term sheet showed on Thursday (Sep 11),…
Business
Singapore collects S$88.9 billion in tax revenue in FY2024/25, 10.7% higher than in previous year
The increased collection is driven by robust economic growth and higher consumer spending The Inland Revenue Authority of Singapore (Iras)…
Business
Singapore’s tax revenue up 10.7% at S$88.9 billion in FY2024/25 on robust growth and higher consumption
The Inland Revenue Authority of Singapore (Iras) announced that it had collected S$88.9 billion in tax revenue for the financial year of…
Business
Singapore’s tax revenue up 10.7% at S$88.9 billion in FY2025 on robust growth and higher consumption
Corporate tax takings rise 6.7% to S$30.9 billion and remain the largest contributor The Inland Revenue Authority of Singapore (Iras)…
Business
Centurion Accommodation Reit aims to raise S$1.5 billion through IPO
It will be the first pure-play purpose-built living accommodation Reit listed on SGX Mainboard-listed Centurion Corp is spinning off…
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Alibaba seeks US$3.17 billion in 2025’s biggest convertible issue
The company is raising the funds for purposes including scaling up its data centres, upgrading technology and expanding international…
Business
Alibaba leads Chinese tech funding spree with US$3.2 billion deal
The proceeds will be spent on various purposes, including scaling up its data centres, upgrading technology and expanding international…
Business
BlackRock gets US$10 billion financing for Aramco deal: sources
The majority of the financing is a seven-year loan facility, which could later be refinanced in the bond market A group led by BlackRock’s…
Business
AI infrastructure company Nebius to raise US$3 billion to fuel growth
Nebius Group said on Wednesday (Sep 10) it would raise US$3 billion to fuel growth in its core artificial intelligence cloud business, on…
Business
Nio plans US$1 billion share sale to fund EV growth
The Shanghai-based EV maker will sell as many as 181.8 million new shares at HK$42.86 to HK$44.46 each Chinese electric-vehicle maker Nio…
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Centurium considers stake sale in US$6 billion Taibang Biologic: sources
Chinese private equity firm Centurium Capital is considering selling its stake in Taibang Biologic Group, people familiar with the matter…
Business
Ellison rivals Musk as world’s richest man with US$70 billion gain
Larry Ellison is closing in on Elon Musk for the title of the world’s richest person. His fortune soared US$70 billion after Oracle…
Business
Ellison tops Musk as world’s richest man after US$101 billion gain
Ellison, who co-founded Oracle, has the bulk of his net worth tied up in the database software company Larry Ellison has become the…