Business
Tesla Signs $16.5 Billion Chip Deal with Samsung to Power Next-Gen AI Plans
Tesla has signed a $16.5 billion deal with Samsung Electronics for the production of next-generation AI6 chips, CEO Elon Musk confirmed on…
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Temasek-backed Indian eyewear retailer Lenskart files for IPO, to raise 21.5 billion rupees in fresh issue
India’s biggest eyewear retailer Lenskart has filed for an initial public offering, which includes the issue of fresh shares worth 21.5…
Business
Buffett’s Berkshire sells one-third of VeriSign stake for US$1.23 billion
BERKSHIRE Hathaway sold about one-third of its stake in VeriSign, an internet infrastructure and domain name registry company that Warren…
Business
Richest Indonesian adds US$20 billion to wealth on energy rally
Billionaire Prajogo Pangestu’s fortune is soaring once again, a sharp reversal from the precipitous falls that erased billions over the…
Business
McDonald’s to sell eight Hong Kong retail spaces valued at HK$1.2 billion: JLL
The sale of the eight retail properties is offered through a public tender that ends on Sep 16 McDonald’s is planning to sell eight prime…
Business
Samsung Electronics signs US$16.5 billion contract to supply semiconductors
Samsung Electronics said on Monday it has signed a contract valued at US$16.5 billion to supply semiconductors to a major global…
Business
Musk says Tesla, Samsung Electronics sign US$16.5 billion chip supply deal
Tesla CEO Elon Musk said the US automaker had signed a US$16.5 billion deal to source chips from Samsung Electronics, a move expected to…
Business
Jeff Bezos wraps up massive Amazon share sale, netting US$5.7 billion
The divestitures come as the company stock has surged 38% from its recent low in late April Jeff Bezos wrapped up a massive sale of…
Business
VW cuts outlook after US tariffs added 1.3 billion euros in costs
Volkswagen lowered its financial outlook for the year, with the escalating cost of President Donald Trump’s tariffs weighing on earnings…
Business
Torrent Power Chases $1 Billion Thermal Jackpot from L&T
Torrent Power is reportedly in discussions to acquire Larsen & Toubro's (LTOUF) thermal power business in a potential $1 billion deal,…
Business
Nvidia AI chips worth US$1 billion entered China despite US curbs: FT
Nvidia’s advanced artificial intelligence chips worth at least US$1 billion were smuggled to China in the three months after Washington…
Business
Sri Lanka orders Singapore shipowner to pay US$1 billion over marine disaster
The shipping firm initially paid US$7.85 million for the immediate cleanup and as compensation for fishermen who were deprived of their…
Business
GIC-backed South Korean finance app Toss plans 2026 US listing with over US$10 billion valuation: sources
Toss, a popular South Korean app that provides banking and a host of other financial services, aims to list in the US in the second…
Business
Marina Bay Sands H1 revenue rises 17% to US$2.6 billion as travel spend in Asia expands
Adjusted property Ebitda rose 23.8% to US$1.4 billion, up from US$1.1 billion in the first half of 2024 Net revenue for Marina Bay Sands…
Business
Bank of America to buy back US$40 billion of shares in new programme
The announcement follows buyback plans from some of the biggest US banks after they passed this year’s US Federal Reserve stress tests…
Business
MPACT to dispose two office buildings in Japan for 8.7 billion yen
Mapletree Pan Asia Commercial Trust (MPACT) is divesting two office buildings in Japan for 8.7 billion yen (S$78.7 million). The…
Business
ST Engineering bags new contracts worth S$4.7 billion in Q2 2025
ST Engineering on Wednesday (Jul 23) announced that it secured S$4.7 billion in new contracts in the second quarter of 2025. These…
Business
MAS’ S$5 billion investment fund set to lift undervalued, small-cap stocks: analysts
Market reaction to the appointment of the first three asset managers to tap Singapore’s S$5 billion Equity Market Development Programme…
Business
Lockheed Martin's Q2 profit plummets on US$1.6 billion charge
Lockheed Martin reported on Tuesday (Jul 22) that its second-quarter profit plunged by about 80 per cent, after the US defence giant…
Business
UK inks investment deals on £38 billion Sizewell C nuclear plant
The UK announced final approval for the Sizewell C nuclear power plant after securing private investment in the £38 billion (S$65.7…
Business
Sanofi to buy Vicebio for up to US$1.6 billion in vaccine push
The French drugmaker will pay US$1.15 billion upfront with a commitment for potential milestones worth as much as US$450 million Sanofi…
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Indonesia plans US$8 billion refineries contract with US firm amid tariffs deal: sources
Indonesian sovereign wealth fund Danantara plans to sign a US$8 billion engineering, procurement and construction contract with US…
Business
Australia’s Insignia agrees to A$3.3 billion takeover by CC Capital, ending bidding war
RALIA’S Insignia Financial agreed on Tuesday to a A$3.3 billion (S$2.8 billion) all-cash takeover by investment manager CC Capital, ending…
Business
AstraZeneca vows to spend US$50 billion on US manufacturing, development
[MUNICH/WASHINGTON] AstraZeneca plans to invest US$50 billion in the US before 2030, becoming the latest European pharma company to…