Business
Keppel secures S$2 billion in fresh capital commitments across flagship funds
Keppel secured fresh capital commitments of close to S$2 billion for its three flagship funds, representing around S$4.9 billion of funds…
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Business
India’s IDFC First Bank to raise 75 billion rupees from Warburg Pincus, Adia
The Mumbai-based lender will issue 1.25 billion preference shares to the investors First Bank has approved a plan to raise 75 billion…
Business
PGIM to invest US$2 billion in Asia property, unfazed by tariffs
PGIM Real Estate, the property arm of Prudential Financial’s asset manager, expects to invest about US$2 billion across the Asia-Pacific…
Business
Mall of the Emirates Unveils $1.36 Billion Transformation
DUBAI —Majid Al Futtaim has unveiled an ambitious $1.36 billion metamorphosis of the Mall of the Emirates, the original temple of luxury…
Business
Nvidia to produce AI servers worth up to US$500 billion in US over four years
Nvidia said it is planning to build AI servers worth as much as US$500 billion in the US over the next four years with help from partners…
Business
Not just another wing: MBS’ new US$8 billion expansion project will have its own brand and luxury experiences
In a couple of months’ time, construction will begin on Marina Bay Sands’ (MBS) expansion project – a new ultra-luxury resort destination…
Business
Novartis pledges US$23 billion US investment as tariffs loom
Trump has repeatedly said he intends to impose tariffs on pharmaceuticals, citing the industry’s reliance on manufacturing sites around…
Business
China tech faces worry beyond tariffs after US$350 billion wipeout
Even as China’s tech stocks begin to recoup some of their recent big losses, some investors and analysts are eyeing looming concerns that…
Business
Berkshire sells 90 billion yen bonds in smallest Japan deal
Berkshire Hathaway priced 90 billion yen (S$628 million) of bonds on Friday (Apr 11), completing the yen deal even as sharp market…
Business
UBS sticks to US$3 billion share buyback plan despite capital changes, global uncertainty
[LUCERNE, Switzerland] UBS chairman Colm Kelleher on Thursday (Apr 10) reiterated the Swiss bank’s intention to repurchase shares to the…
Business
Amazon seeks partners for US$15 billion warehouse expansion plan
Amazon.com is considering a US$15 billion warehouse expansion plan for nearly 80 new logistics facilities in US cities and rural areas…
Business
Trump’s tariff chaos becomes US$700 billion storm for big banks
Financial services are excluded from Donald Trump’s trade war for now. Banks are still feeling the pain. HSBC Holdings’s market value has…
Business
Haworth Lifestyle Readies for Acquisitions as It Nears 1 Billion Euros in Sales
MILAN — Haworth Lifestyle, which is home to top European furniture and home firms Poltrona Frau, Cassina, Cappellini and Zanotta, is…
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Japan could lose US$17 billion in car exports due to US tariffs, says UN trade agency
The tariffs cover more than US$460 billion worth of US imports of vehicles and auto parts annually Japan could lose US$17 billion in car…
Business
Airtrunk seeks S$2.2 billion loan to build Singapore data centres
Blackstone-owned data centre firm AirTrunk is seeking a S$2.2 billion green loan for a new greenfield project in Singapore, according to…
Business
OCBC to finance £10 billion in UK investments by 2030 under new partnership
OCBC plans to deploy £10 billion (S$17.4 billion) in financing over the next six years to support foreign direct investment into the…
Business
US judge rejects J&J’s US$10 billion baby powder settlement
A US bankruptcy judge on Monday rejected Johnson & Johnson’s US$10 billion proposal to end lawsuits alleging that its baby powder and…
Business
More funds and products expected, as market awaits details about Singapore’s S$5 billion equities push
Analysts see MAS’ initiative as positive step, but add that factors such as investor protection and governance, proper understanding of…
Business
PSA International FY2024 net profit falls 25% to S$1.1 billion on higher costs, inflation
Temasek-owned port operator PSA International on Friday (Mar 28) reported a 25.2 per cent drop in net profit to S$1.1 billion in 2024,…
Business
PSA International FY2024 net profit falls 25.2% to S$1.1 billion on higher costs, inflation
Temasek-owned port operator PSA International on Friday (Mar 28) reported a 25.2 per cent drop in net profit to S$1.1 billion in 2024,…
Business
Nio to raise HK$4 billion from equity placement to fund R&D
Chinese electric vehicle (EV) maker Nio on Thursday (Mar 27) announced plans to raise HK$4 billion (S$688 million) through a share…
Business
SingPost completes A$1 billion sale of Australian business
The divestment generated A$781.5 million in gross proceeds and an estimated gain of S$289.5 million Singapore Post (SingPost) said on…
Business
Singapore fund inflows surge 167% to S$7.6 billion for 2024: Morningstar
Total net inflows into Singapore-registered funds hit S$7.6 billion for 2024, a surge of 167 per cent from S$2.85 billion in 2023,…
Business
Turkey says Chery Auto’s partners to invest US$1 billion in plant to make 200,000 cars a year
[ANKARA/BEIJING] Turkey said on Wednesday (Mar 26) that Chery Automobile’s partners will invest US$1 billion in a manufacturing facility…