Business
US Justice Department to allow T-Mobile’s US$4.4 billion acquisition of UScellular
antitrust enforcers greenlit T-Mobile’s US$4.4 billion acquisition of UScellular on Thursday, the latest deal blessed by the Trump…
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Temasek sees more opportunities in Europe after investing S$10 billion in the region last year
Singapore’s state investor Temasek sees growing investment opportunities in Europe as the impact of trade tensions on the economic climate…
Business
eSIM platform Airalo raises US$220 million in new funding round, lifts valuation past US$1 billion
Company says this makes it the industry’s first unicorn; latest financing includes new investor CVC eSIM platform Airalo has raised US$220…
Business
Glencore JV in talks to buy Exxon's 59 Singapore petrol stations worth US$1 billion
The sale would allow the American oil major to deploy more capital in areas of higher growth potential — Aster Chemicals and Energy, a…
Business
Nissan poised to offer record-high coupon in US$4 billion bond sale
Nissan Motor is expected to sell some of its upcoming US$4 billion foreign-currency bonds at a record-high coupon, piling more pressure on…
Business
Hong Kong Jockey Club to unload US$1 billion in Blackstone, Warburg funds
The Hong Kong Jockey Club is divesting as much as US$1 billion in funds held with Blackstone and other buyout firms, offloading US assets…
Business
AI chip startup Groq discusses US$6 billion valuation, The Information reports
semiconductor startup Groq has spoken to investors about raising between US$300 million and US$500 million at a US$6 billion…
Business
Merck nears US$10 billion deal for London-based lung therapy firm Verona, FT reports
Merck is nearing a US$10 billion deal to buy lung diseases focussed Verona Pharma, as the US drugmaker is eyeing deals to offset the…
Business
DBS, Singtel help lift Temasek’s portfolio to record S$434 billion
Temasek posted a record net portfolio value (NPV) of S$434 billion for the financial year ended Mar 31, driven by the strong performance…
Business
Singapore sustainable bond issuances hit S$13.3 billion in 2024: MAS
The volume of green, social, sustainability and sustainability-linked (GSSSL) bonds, as well as transition bonds issued in Singapore, hit…
Business
Singapore sustainable bond issuances jump 80% to S$13.3 billion in 2024: MAS
The volume of green, social, sustainability and sustainability-linked (GSSSL) bonds, as well as transition bonds issued in Singapore, hit…
Business
Australian pension overseeing A$75 billion adds private equity
The move is the latest in a run of private equity allocation increases among so-called superannuation funds within Australia’s A$4.1…
Business
Bank of America loses crisis-era backer after Kuwait sells US$3 billion stake
First, it was Warren Buffett. Now, another key Bank of America (BOA) investor that stood by it since the worst days of the 2008 financial…
Business
Meta invests US$3.5 billion in world’s largest eyewear maker in AI glasses push
Meta Platforms bought a minority stake in the world’s largest eyewear maker EssilorLuxottica, a deal that increases the US tech giant’s…
Business
HSBC expands UK wealth bet in race to £100 billion asset goal
HSBC Holdings is ramping up growth plans for its UK wealth-management operations as Europe’s largest bank seeks to double the assets it…
Business
SpaceX valuation to hit around US$400 billion in share sale
SpaceX is discussing plans to raise money and sell insider shares in a deal that would value Elon Musk’s rocket and satellite maker at…
Business
India’s small traders lose US$12 billion in equity derivatives
Mom-and-pop traders lost a combined US$33 billion over the four years through March Individuals in India lost over US$12 billion trading…
Business
ExxonMobil sees US$1.5 billion earnings hit from lower oil, gas prices
US President Donald Trump’s trade war and larger-than-expected supply increases from Opec and its allies weighed on oil prices, while US…
Business
Tesla short sellers set to pocket about US$1.4 billion in profits after stock slump
Tesla’s shares fell 7.5% at US$291.50, having lost more than 21% so far this year Traders are set to make about US$1.4 billion in paper…
Business
Apple supplier Lens Technology said to price HK$4.8 billion Hong Kong listing at top of range
The company joins the growing wave of China-listed companies seeking to go public in the city Apple supplier Lens Technology has raised…
Business
Nissan to sell 150 billion yen convertible bonds for recovery
Nissan Motor plans to sell 150 billion yen (S$1.3 billion) of convertible bonds to help fund new chief executive officer Ivan Espinosa’s…
Business
Germany’s 34.1 billion euros pension gives mandate to China stock fund
A German pension fund has tapped a Chinese firm’s Hong Kong arm to help it invest in local stocks, in a rare move among global allocators…
Business
Richard Li’s FWD Group falls in Hong Kong debut after HK$3.5 billion IPO
The insurer plans to use the proceeds to reduce debt, support growth and enhance its digital capabilities Billionaire Richard Li’s FWD…
Business
Taiwan stock ETFs lead inflows in Asia with US$19 billion haul
Traders are swarming to equity-focused, exchange-traded funds (ETFs) listed in Taiwan, with demand from retail investors and a strong…