Business
Oracle co-founder 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…
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Business
Google cloud forecasts US$58 billion revenue boost by 2027
Alphabet is among tech companies racing to build out data centre capacity in order to serve growing demand for artificial intelligence…
Business
ASML invests 1.3 billion euros on Europe’s AI champion Mistral
The deal provides Mistral with a major injection and makes it one of Europe’s most valuable private companies ASML Holding is investing…
Business
Novartis to buy US biotech Tourmaline Bio for US$1.4 billion
Novartis agreed to buy Tourmaline Bio in a deal valued at about US$1.4 billion as the Swiss drugmaker continues to pursue bolt-on deals to…
Business
Goldman lands US$40 billion mandate from Shell for pension assets
Goldman Sachs Group won a US$40 billion mandate from Shell to oversee pension assets for the energy company, in one of the biggest…
Business
China derivatives fuel 36% surge in SGX trading volume to 31.8 billion units in August
Value traded up 17% to S$33 billion; SGX cites global institutions tapping into China-access derivatives to manage risk across multiple…
Business
Australia’s sovereign wealth fund tops A$252 billion, reduces US portfolio
Australia’s sovereign wealth fund, the Future Fund, said on Tuesday its valuation had reached A$252 billion (S$213.2 billion) as it pared…
Business
Ant digital arm puts 60 billion yuan energy assets on its blockchain
The firm has so far completed financing for three clean energy projects using this approach, raising about 300 million yuan in total for…
Business
Microsoft signs Nebius cloud deal worth up to US$19.4 billion
The Redmond, Washington-based company is focused on building new data centres and equipping them with expensive servers and networking…
Business
Cosco Shipping Holdings and Orient Overseas (International) could be hit by over US$2.1 billion in US port fees: HSBC
Chinese lines Cosco Shipping Holdings and Orient Overseas (International) could be hit by US port fees amounting to more than US$2.1…
Business
Cosco Shipping, Orient Overseas could be staring at over US$2.1 billion in US port fees: HSBC
This could erode 74% and 65% of consensus Ebit margin forecast for FY2026 for Cosco Shipping Holdings and Orient Overseas (International),…
Business
Alibaba is No 1 for China traders ploughing HK$13.5 billion in stock
Renewed optimism over Alibaba Group Holding’s potential in artificial intelligence has turned the stock into Chinese investors’ favourite…
Business
CapitaLand Commercial C-Reit offering size 7% higher than estimated at 2.3 billion yuan
CapitaLand China Trust (CLCT) will subscribe for 5 per cent of the 2.3 billion yuan (414.6 million) offering in the listing of its…
Business
CapitaLand Commercial C-Reit sets Shanghai IPO offering at 2.28 billion yuan, 7% up from earlier estimate
CapitaLand China Trust (CLCT) will subscribe for 5 per cent of the 2.3 billion yuan (414.6 million) offering in the listing of a Shanghai…
Business
CapitaLand Commercial C-Reit sets Shanghai IPO offering at 2.29 billion yuan, 7% up from earlier estimate
CapitaLand China Trust (CLCT) will subscribe for 5 per cent of the 2.29 billion yuan (S$410.9 million) offering in the listing of a…
Business
Meta’s backstop is linchpin for US$26 billion AI data-centre deal
When Meta Platforms turned to lenders to secure US$26 billion in debt funding for the construction of a sprawling new data centre, one key…
Business
Apple’s India sales hit record US$9 billion after big retail push
Apple’s annual sales in India hit a record of nearly US$9 billion in the last fiscal year, signalling growing consumer demand for its…
Business
Starbucks China valued at about US$5 billion by bidders, sources say
Most of the bidders seeking to buy a portion of Starbucks’ China operations have submitted offers valuing the business at as much as US$5…
Business
Starbucks China reportedly valued at about US$5 billion by bidders
Most of the bidders seeking to buy a portion of Starbucks’ China operations have submitted offers valuing the business at as much as US$5…
Business
BlackRock to run US$80 billion for Citi as bank refocuses wealth unit
The move highlights a growing trend among big banks to partner with specialist asset managers Citigroup said on Thursday (Sep 4) it will…
Business
Hitachi to invest US$1 billion to produce power grid components in US
Hitachi plans to invest US$1 billion to expand its US power grid infrastructure manufacturing, its energy unit said on Thursday (Sep 4),…
Business
Pertamina seeks US$2.5 billion loan as Indonesia dollar deals rise
The nation’s markets are just recovering after the social unrest, which has subsided, sparked a sell-off in stocks and bonds Indonesia’s…
Business
Instagram-style Xiaohongshu hits US$31 billion value in GSR books
XIAOHONGSHU’S valuation surged 19 per cent to US$31 billion in just three months during recent transactions via a major fund, underscoring…
Business
Trump’s oldest sons’ American Bitcoin stake worth US$1.5 billion in stock debut
A bitcoin company tied to President Donald Trump’s two oldest sons more than doubled in value in its stock market debut on Wednesday,…