Business
Nvidia insiders sell over US$1 billion in stock amid market surge
The chipmaker’s stock hit a record on Jun 25, and it reclaimed the crown as the world’s most valuable company IA insiders sold over US$1…
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Billion
Business
Billionaire Michael Dell reaps US$1.2 billion from stock sale
Dell Technologies chief executive Michael Dell sold US$1.2 billion worth of shares in his namesake computer company, reducing his stake by…
Business
Meta seeks US$29 billion from private capital firms for AI data centres, FT reports
Meta Platforms is seeking to raise US$29 billion from private capital firms to build artificial intelligence (AI) data centres in the US,…
Business
S-E Asia tech funding hits US$2 billion in H1 2025, yields unicorn in Sygnum: Tracxn
Digital asset group Sygnum has emerged as the sole new unicorn from South-east Asia in the first half of 2025, data platform Tracxn said…
Business
Mystery US$33 billion Chinese medicine fortune collapses in days
When Yat-Gai Au was worth US$33 billion on paper, he was not in his Hong Kong office. One week later, when his net worth plunged to…
Business
Unilever to pay US$1.5 billion for men's grooming brand Dr Squatch
The deal was announced earlier this week by all three parties, without disclosing financial details Unilever is paying US$1.5 billion to…
Business
HDB US$1.5 billion India IPO sold out as wealthy investors pile in
The offering received bids for 242.8 million shares as of Friday (Jun 27) afternoon in Mumbai, versus the 130.4 million shares offered…
Business
Japan hits M&A record of US$232 billion, driving Asia deals rebound
[TOKYO/HONG KONG] Japan is driving Asia’s mergers and acquisitions (M&A) rebound in 2025 with a record US$232 billion worth of deals in…
Business
Mars US$36 billion Kellanova deal waved ahead by US regulator
Mars’ US$36 billion takeover of snack maker Kellanova was given the green light by the US Federal Trade Commission (FTC) on the same day…
Business
Billionaire Richard Li’s FWD Group seeks to raise HK$3.47 billion in Hong Kong IPO
RER FWD Group, backed by billionaire Richard Li, is looking to raise HK$3.47 billion (S$565.3 million) through a Hong Kong initial public…
Business
TSMC unit to issue US$10 billion of stock to counter forex swings
The moves grant TSMC Global more capital flexibility in managing exchange rate risks Taiwan Semiconductor Manufacturing Co’s overseas unit…
Business
Investment firm PAG raises 3.1 billion yuan in first yuan-denominated buyout fund: sources
Asia-focused investment firm PAG has raised 3.1 billion yuan (S$553 million) at the first close of its inaugural yuan-denominated buyout…
Business
New Zealand-based Xero forks out over US$2.5 billion to buy US fintech firm Melio
The deal will be funded through a placement to raise US$1.2 billion, a US$400 million unsecured credit facility, among others Xero, New…
Business
China’s wealth fund pulls plug on US$1 billion private equity sale
China’s sovereign wealth fund has pulled its planned sale of US$1 billion in US fund stakes tied to some of the biggest names in private…
Business
Ping An builds HK$180 billion stake in China banks on dividend bet
Ping An Insurance Group, as well as other Chinese insurers, have ramped up investments in the nation’s biggest banks on a bet that the…
Business
Daiwa plans 100 billion yen real estate fund as Japan market booms
Daiwa Securities Group plans to launch a real estate fund with two partners, tapping investor demand for a piece of Japan’s booming…
Business
Anthony Pompliano Launches $1 Billion Bitcoin Treasury Platform Backed by Major Investors
Anthony Pompliano, a prominent U.S. investor and entrepreneur, revealed on Monday the launch of a new bitcoin-focused financial platform…
Business
A US$4 billion Hong Kong family office makes first crypto foray
A MONEY manager to some of Hong Kong’s richest individuals will start investing in crypto, as more favourable regulations attract a wider…
Business
Montage is said to hire banks for US$1 billion Hong Kong listing
The US has been trying to curb Beijing’s ambitions to build a domestic semiconductor industry, Chinese chip designer Montage Technology…
Business
DBS expects economic value from its use of AI to exceed S$1 billion in 2025
Banks are ramping up their use of artificial intelligence (AI), and DBS – which has earned S$750 million through its use of the technology…
News
Airbus hits US$21 billion orders at Paris Air Show as Boeing focuses on India crash
Airbus secured more aircraft orders on Wednesday, raising its total to US$21 billion at this week’s subdued Paris Air Show, while rival…
Business
Grab’s US$1.5 billion convertible issue seen as prepping for competition and need for capital: Maybank
Grab’s recent move to upsize its five-year convertible note size to US$1.5 billion is timely given that the Asean digital sector – which…
Business
CEO’s wealth hits US$33 billion as unprofitable Chinese medicine firm’s stock soars
A blistering rally in a tiny, money-losing traditional Chinese medicine company’s stock has vaulted its founder’s net worth to among the…
Business
Abu Dhabi state oil firm makes US$18.7 billion bid for Australia’s Santos
Abu Dhabi’s state-owned oil company is leading a takeover bid for Australian energy group Santos, valuing it at US$18.7 billion, the two…