Business
Amicorp rejects 1MDB’s US$1 billion asset recovery claim
Authorities in Asia, the US and Europe have been working to coordinate their investigations into the money trail from 1MDB Amicorp Group…
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Business
Who is the Nordstrom family? Department store goes private in $6.25 billion
Share ✓ Link copied to clipboard! What's New The Norstrom department store chain is set to go private after the Nordstrom announced on…
Business
News Corp sells Foxtel unit to DAZN in A$3.4 billion deal
NEWS Corp has agreed to sell its Australian cable TV unit Foxtel to British-owned sports network DAZN for A$3.4 billion (S$2.9 billion)…
Business
Apple’s US$1 billion investment may be fleeting win for Indonesia
INDONESIA claimed victory after Apple offered to increase its investment in the country to US$1 billion to get President Prabowo…
Business
'El Gordo' lottery in Spain spreads Christmas riches worth $2.8 billion
MADRID (AP) — For weeks, Spaniards had anticipated the arrival of “El Gordo” or "The Fat One." But unlike Santa Claus, El Gordo arrived…
Business
Spain's 'El Gordo' lottery begins $2.8 billion draw
Spain's world-famous "El Gordo" Christmas lottery organizers began broadcasting the draw from the Teatro Real opera house in Madrid on…
Business
OUE Reit divests entire stake in Shanghai office property for 1.9 billion yuan
OUE Real Estate Investment Trust (Reit) is set to sell its entire stake in Lippo Realty, a real estate service provider that manages and…
Business
Italy probes CK Hutchison unit on tax in 3.4 billion euros asset sale
CK HUTCHISON’s Italian telecommunications unit is the target of a probe alleging that it evaded taxes during a 3.4 billion euros (S$4.8…
Business
Battery-maker CATL considers Hong Kong listing to raise US$5 billion
CONTEMPORARY Amperex Technology Co Limited (CATL) is considering a second listing in Hong Kong that could raise at least US$5 billion,…
Business
Alibaba to sell department store chain Intime for 7.4 billion yuan
ALIBABA Group said on Tuesday that it will sell its department store unit Intime to a consortium comprising textiles firm Youngor Fashion…
Business
Wee Hur exits student accommodation business for A$1.6 billion
PROPERTY company Wee Hur has confirmed earlier news reports that it would be selling its Australian-focused purpose-built student…
Business
UK approves Daniel Kretinsky’s £5.3 billion bid for Royal Mail parent, FT reports
THE British government has approved Czech billionaire Daniel Kretinsky’s £5.3 billion (S$9 billion) takeover of Royal Mail owner…
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Liberty Media's $4.4 Billion MotoGP Deal Hits a European Roadblock
Liberty Media's ambitious plan to acquire an 86% stake in Dorna Sports, the rights holder of MotoGP, has been met with resistance from…
Business
Blackstone to buy Tokyo complex from Seibu for 400 billion yen
BLACKSTONE Inc is buying a mixed-use complex in Tokyo from Seibu Holdings in the largest real-estate acquisition by a foreign fund in…
Business
ESR inks largest syndicated sustainability-linked loan for US$2.5 billion
HONG Kong-listed real asset manager ESR Group has secured a five-year syndicated sustainability-linked term loan and revolving credit…
Business
IFC, HSBC inks US$1 billion risk-sharing facility to boost trade financing in emerging markets
The two will equally share the risk on a portfolio of trade-related assets held by emerging-market banks in 20 countries THE International…
Business
IFC, HSBC ink US$1 billion risk-sharing facility to boost trade financing in emerging markets
The two will equally share the risk on a portfolio of trade-related assets held by emerging-market banks in 20 countries THE International…
Business
SpaceX share sale values company at about US$350 billion
SPACEX and its investors have agreed to purchase as much as US$1.25 billion of insider shares in a transaction valuing Elon Musk’s rocket…
Business
US court blocks Kroger’s US$25 billion supermarket mega-merger
A US judge suspended supermarket giant Kroger’s planned US$24.6 billion acquisition of rival chain Albertsons on Tuesday in a win for the…
Business
Stellantis, China’s CATL to invest 4.1 billion euros in EV battery factory in Spain
STELLANTIS and Chinese battery maker CATL will invest 4.1 billion euros (S$5.8 billion) in a factory making electric vehicle batteries in…
Business
Reliance Industries seeks up to US$3 billion loan for refinancing
BILLIONAIRE Mukesh Ambani-owned Reliance Industries is in talks with banks for a loan of as much as US$3 billion to refinance debt due…
Business
GIC Picks JPMorgan to advise on US$5 billion Greenko stake sale
GIC is working with JPMorgan Chase to help advise on a strategic review of options including a sale of its 50 per cent stake in India’s…
Business
US Bitcoin ETF inflows near US$10 billion since Trump election win
ALMOST US$10 billion has poured into US exchange-traded funds (ETFs) investing directly in Bitcoin since Donald Trump became…
Business
World Bank raises record US$100 billion for aid to poorest nations
THE World Bank received pledges to deploy a record of US$100 billion via its unit focused on low-interest loans and grants to the poorest…