Business
UOB set to issue US$2 billion in dollar-denominated notes across 3 tranches
UOB is set to issue US$2 billion (S$2.7 billion) in a three-tranche US dollar-denominated senior bond offering, it said on Thursday (Mar…
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OpenAI nears record US$40 billion funding round led by SoftBank
OpenAI is close to finalising a US$40 billion funding round led by SoftBank Group – with investors including Magnetar Capital, Coatue…
Business
Xiaomi raises US$5.5 billion in share sale for business expansion
China’s Xiaomi Corp said on Tuesday it had raised US$5.5 billion in an upsized share sale that will help fund the acceleration of its…
Business
Crypto exchange Kraken explores up to US$1 billion debt package
Crypto exchange Kraken is exploring raising as much as US$1 billion in debt ahead of a potential initial public offering, according to…
Business
South Korea’s Hyundai to announce US$20 billion US investment, new steel plant
[WASHINGTON/SEOUL] South Korea’s Hyundai Motor Group is set to announce a US$20 billion investment in the US at the White House on Monday…
Business
BYD surpasses US$100 billion in annual sales, beating estimates
BYD’s sales last year surpassed the US$100 billion mark, leapfrogging Elon Musk’s Tesla on revenue, as the Chinese auto giant wows…
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China’s Xiaomi to raise up to US$5.27 billion from share sale
The money raised is earmarked for business expansion, investment in research and technology development and general corporate purposes…
Business
Blackstone’s Schwarzman takes home more than US$1 billion in pay and dividends
BLACKSTONE chief executive officer Steve Schwarzman collected just over US$1 billion in pay and dividends in 2024, putting the spotlight…
Business
Mars readying over US$25 billion bond sale for next week: sources
FAMILY-OWNED candy giant Mars is preparing to sell bonds worth between US$25 billion and US$30 billion as soon as next week to help…
Business
UN talks end in Rome with nations backing $200 billion a year plan to protect nature
BOGOTA, Colombia (AP) — Global negotiators concluded an extended session of the United Nations biodiversity conference, COP16, with key…
Business
Meta in talks to raise US$35 billion for data-centre financing led by Apollo
APOLLO Global Management is in talks to lead a roughly US$35 billion financing package for Meta Platforms to help develop data centres in…
Business
Bain Capital mulls US$10 billion sale of Rocket Software: sources
PRIVATE equity firm Bain Capital is weighing options, including a sale, for Rocket Software that could value the US automation software…
Business
Heavy selling wipes S$1.5 billion off Yangzijiang Shipbuilding’s value as its shares plummet 16%
Shares of Yangzijiang Shipbuilding dived around 16 per cent on Thursday (Feb 27) morning, a day after it posted earnings and in a week…
Business
Heavy selling wipes nearly a billion dollars off Yangzijiang Shipbuilding’s value as its shares plummet 9%
Shares of Yangzijiang Shipbuilding dropped as much as 16 per cent on Thursday (Feb 27), a day after it posted earnings and in a week when…
Business
Bitcoin ETFs are hit by a record US$1 billion outflow in one day
INVESTORS yanked more than US$1 billion from spot Bitcoin exchange-traded funds (ETFs) on Tuesday (Feb 25), marking the biggest one-day…
Business
GM to increase dividend by 25%, buy back another US$6 billion of shares
The US automaker expects EV operating losses will narrow this year by US$2 billion from undisclosed levels GENERAL Motors said on…
Business
3M to return US$10 billion to shareholders, reiterates sales forecast
3M also reaffirmed its annual forecast of organic sales growth in the range of 2% to 3% 3M Co said on Wednesday (Feb 26) it would return…
Business
Yangzijiang Shipbuilding H2 profit up 50.5% at 3.6 billion yuan
YANGZIJIANG Shipbuilding reported a net profit of 3.6 billion yuan (S$659.3 million) for the second half ended Dec 31, 50.5 per cent…
Business
Apple plans US$500 billion in US investment, 20,000 research jobs in next four years
APPLE said on Monday (Feb 24) it would spend US$500 billion in US investments in the next four years that will include a giant factory in…
Business
Indonesia launches Danantara investment fund, channelling US$20 billion into 20 strategic projects
Indonesia has officially launched the Danantara investment fund on Monday (Feb 24), a high-stakes, multibillion-dollar initiative designed…
Business
Can MAS Review Group’s S$5 Billion Boost Revive the SGX?
An effective overhaul of the ecosystem could depend on the full set of measures, due to be released by August THE full update on the…
Business
Bybit Hit by Record $1.5 Billion Crypto Heist: North Korean Hackers Suspected in Largest Digital Asset Theft Ever
Bybit, one of the world's largest cryptocurrency exchanges, has been hacked, with analysts estimating losses of nearly $1.5 billion.…
Business
CapitaLand India Trust to buy Bengaluru office project for 14.7 billion rupees
CAPITALAND India Trust (Clint) will purchase a 1.13 million-square-foot (sq ft) office project in Bengaluru from luxury residence…
Business
StanChart to return US$1.5 billion more as Q4 earnings beat estimates
STANDARD Chartered said it would hand back US$1.5 billion more to shareholders as it reported fourth-quarter earnings that beat estimates,…