Business
Delivery Hero’s Talabat to launch over US$1 billion Dubai IPO next week: sources
TALABAT, the Middle East business of Delivery Hero, plans to launch its Dubai initial public offering next week, three people familiar…
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Billion
Business
Geely seeks over two billion euros loan to refinance Volvo truck deal
CHINESE billionaire Li Shufu’s Zhejiang Geely Holding Group is in talks with banks for a syndicated loan to refinance borrowings related…
Business
Hot stocks: UOB adds S$4 billion to value as Singapore banks break share price ceilings
SHARES of UOB and OCBC leapt to levels never seen before, with both lenders surpassing street consensus estimates in their third-quarter…
Business
UOB posts 16% higher Q3 profit of S$1.61 billion
UOB’s net profit for the third quarter ended September 2024 rose 16 per cent year on year to S$1.61 billion, from S$1.38 billion the year…
Business
UOB surpasses estimates with 16% higher Q3 profit of S$1.61 billion
UOB’S net profit for the third quarter ended September rose 16 per cent year on year to S$1.61 billion, from S$1.38 billion the year…
Business
Yangzijiang Shipbuilding bags US$11.6 billion worth of order wins in year to date
MARITIME vessel maker Yangzijiang Shipbuilding said that it has secured US$11.6 billion of order wins in the year to date. This exceeds…
Business
BlackRock readies US$1.3 billion private credit continuation fund
BLACKROCK is setting up a private credit loan fund that will allow it to raise as much as US$1.3 billion it can distribute to existing…
Business
Grocer Lulu’s US$1.72 billion Abu Dhabi IPO draws Vanguard, GIC
HYPERMARKET chain operator Lulu Retail Holdings’s US$1.72 billion Abu Dhabi initial public offering drew orders worth US$37 billion,…
Business
CapitaLand Investment’s 9M revenue holds steady at S$2.1 billion
CAPITALAND Investment (CLI) reported S$2.1 billion in total revenue for the year to date (YTD) ended September, representing a slight…
Business
Anglo-American to sell stake in Australian steelmaking coal mines for US$1.1 billion
UK-based Anglo-American said on Monday (Nov 4) that it will sell its minority stake in a joint venture that owns a 70 per cent interest in…
Business
Jeff Bezos Sells $3 Billion in Amazon Shares, Becomes World's Second Richest Person as Net Worth Soars to $222 Billion
Amazon founder Jeff Bezos has sold over $3 billion in Amazon shares this week, according to a regulatory filing disclosed on Friday. This…
Business
How one of the tiniest oil markets cost Singapore-based Trafigura over US$1 billion
Trafigura Group is a giant of commodity trading. On any given day, it handles enough oil to supply the entire needs of France three times…
Business
Chevron flags possible job cuts in US$3 billion cost plan
CHEVRON indicated potential US job cuts as part of a new cost-cutting plan. The US$3 billion in targeted “structural” cost savings will…
Business
CDL acquires 51% stake in Shanghai mixed-used site for 4.6 billion yuan
CITY Developments Ltd (CDL), together with its partner in China, Lianfa Group, have been awarded the tender for a mixed-use development…
Business
Saudi Arabia’s PIF signs MoUs worth up to US$51 billion with Japanese banks
SAUDI Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has signed five Memorandums of Understanding (MoU) with Japanese…
Business
Trafigura facing US$1.1 billion hit in Mongolia after fraud probe: sources
Trafigura Group is preparing to take a US$1.1 billion hit after discovering what it suspects was fraud involving employees in its…
Business
New Starbucks CEO is testing investors’ US$21 billion bet
Starbucks’ new chief executive Brian Niccol is facing a key test: convincing investors he’s worth the US$21 billion in market value the…
Business
Siemens agrees to buy software group Altair in US$10 billion deal
Siemens reached an agreement to buy software maker Altair Engineering for US$10 billion including debt in its largest-ever acquisition.…
Business
BYD Q3 revenue rises 24% year on year to 201.1 billion yuan, eclipses Tesla for first time
BYD notched up another win over Tesla on Wednesday (Oct 30), reporting quarterly revenue that beat Elon Musk’s carmaker for the first time…
Business
BYD revenue beats Tesla for first time; Q3 sales surge 24% to 201 billion yuan
BYD notched up another win over Tesla on Wednesday (Oct 30), reporting quarterly revenue that beat Elon Musk’s carmaker for the first time…
Business
Tencent-backed Airwallex seeks funding at US$6 billion value
FINTECH company Airwallex is in talks with investors to raise about US$200 million in a new funding round to finance its growth, according…
Business
StanChart boosts return plan to US$8 billion as profit beats
STANDARD Chartered vowed to return at least US$8 billion to investors by 2026 as it reported better-than-estimated third-quarter earnings…
Business
HSBC to buy back US$3 billion shares as profit beats estimates
HSBC Holdings announced a fresh multi-billion US dollar stock buyback as it reported better-than-estimated earnings days after unveiling a…
Business
Nippon Paint shares jump most in 24 years on US$2.3 billion deal
SHARES of Nippon Paint surged following its announcement of a deal to acquire a US-based chemicals formulator. The stock price for the…