Business
Trump Media buys US$2 billion in Bitcoin for crypto treasury plan
Trump Media & Technology Group, the firm behind Truth Social, has acquired about US$2 billion in Bitcoin and related securities as part of…
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Business
MAS appoints first 3 asset managers to inject initial S$1.1 billion into Singapore equities
Temasek-backed Fullerton Fund Management will be among the first of three asset managers to tap a S$5 billion investment fund initiative…
Business
China venture capital funds tap global investors for US$2 billion in comeback
China’s largest venture capital houses are tapping the market for at least US$2 billion in new funds, re-engaging with the country’s…
Business
Warburg Pincus-backed data centre operator Princeton Digital bags US$1.3 billion from Stonepeak
Warbug Pincus-backed Princeton Digital Group announced on Friday (Jul 18) that it secured US$1.3 billion in funding from Stonepeak, a…
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Volvo Car posts US$1 billion loss over impairment, tariffs
The automaker’s retail sales plunged 12% to 181,600 vehicles in the second quarter Volvo Car posted a US$1.03 billion operating loss in…
Business
Hong Kong’s US$25 billion pile of soured debt spurs talks to form ‘bad bank’
The pile of non-performing loans (NPLs) at Hong Kong lenders has grown so large that some in the industry have discussed the creation of a…
Business
Haagen-Dazs maker prices debt for 4.4 billion euros payout to owners
Froneri International, the maker of Haagen-Dazs ice cream, is wrapping up commitments for a debt deal to help fund one of the largest…
Business
Secretive family behind Tetra Pak bets US$9 billion on stocks
A mysterious entity based in the heart of Singapore’s financial district emerged as the biggest shareholder in International Flavors &…
Business
Secretive family behind Tetra Pak bets US$9 billion on stocks via Singapore entity
A mysterious entity based in the heart of Singapore’s financial district emerged as the biggest shareholder in International Flavors &…
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Trump unveils US$92 billion worth of investments to power AI boom
US President Donald Trump went to Pennsylvania on Tuesday to announce US$92 billion in energy and infrastructure deals intended to meet…
Business
Chinese carmaker Geely to pay US$2.4 billion to take full control of Zeekr
Chinese automaker Geely Automobile will acquire the chunk of electric-vehicle maker Zeekr that it does not already own for US$2.40…
Business
Geely to take Zeekr unit private at US$6.83 billion valuation
The carmaker, which already holds 62.8% of Zeekr, has raised its buyout offer from US$2.2 billion in May to about US$2.4 billion — Geely…
Business
SMFG said to eye US$1.1 billion additional investment in Yes Bank: sources
The fresh investment would bring the total amount to US$2.7 billion, giving SMFG a roughly 25% stake in Yes Bank Sumitomo Mitsui Financial…
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Volvo takes US$1.2 billion charge over tariffs and EV model delays
Volvo is also struggling to attract EV buyers in the highly competitive Chinese market Volvo Car is taking a one-time non-cash impairment…
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Volvo takes 11.4 billion Swedish kronor charge over tariffs and EV model delays
Carmaker is also struggling to attract EV buyers in the highly competitive Chinese market Volvo Car is taking a one-time non-cash…
Business
China clears Synopsys’s US$35 billion Ansys buyout in US win
Following Beijing’s decision, the company has cleared one of the last major hurdles to a deal to intended to shore up its market position…
Business
Centurion moves ahead with Centurion Accommodation Reit listing, proposes S$1.2 billion in divestments
Centurion Corp announced on Monday (Jul 14) that it has entered into agreements for the proposed listing of its new real estate investment…
Business
Centurion moves ahead with Centurion Accommodation Reit listing with S$1.8 billion portfolio value
Centurion Corp announced on Monday (Jul 14) that it has entered into agreements for the proposed listing of its new real estate investment…
Business
Centurion confirms accommodation Reit listing with S$1.8 billion portfolio value
Centurion Corp announced on Monday (Jul 14) that it has entered into agreements for the proposed listing of its new real estate investment…
Business
SpaceX to invest US$2 billion in Musk's xAI startup
SpaceX has committed US$2 billion to xAI as part of a US$5 billion equity round, deepening the ties between tech billionaire Elon Musk’s…
Business
Google Ropes-in Windsurf AI Talent on Board in $2.4 Billion Tech Licensing Deal Without Taking Ownership
The hiring spree of top talent among the tech giants is gaining momentum as companies leave no stone unturned in the race to further…
Business
Kraft Heinz explores grocery business spinoff worth up to US$20 billion: source
[Bengaluru] Kraft Heinz is studying a potential spinoff of a large chunk of its grocery business, including many Kraft products, into a…
News
Indonesia detains Trafigura employee in US$17 billion graft case
Indonesia has detained an employee of Trafigura Group along with seven other suspects in a case involving oil procurement by state-owned…
Business
Alibaba risks deepening US$100 billion rout as turf war heats up
A protracted battle in China’s food-delivery market has chopped US$100 billion in market value from Alibaba Group Holding, with no end in…