Business
M1 to acquire 70% stake in Vietnamese IT solutions provider for 719.9 billion dong
MOBILE network operator M1 is acquiring a 70 per cent stake in Vietnam-based IT solutions provider, ADG National Investment and Technology…
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Nippon Paint to buy coatings, resins maker AOC for US$2.3 billion
Japan’s Nippon Paint has been expanding via several acquisitions in recent years Nippon Paint Holdings announced plans to purchase global…
Business
Lulu Retail seeks to raise up to 5.27 billion dirhams in UAE’s biggest IPO this year
LULU Retail Holdings, which runs one of the Middle East’s biggest hypermarket chains, said on Monday (Oct 28) it aims to raise up to 5.27…
Business
Boeing plans over US$15 billion capital raise as soon as Monday
BOEING is planning to launch a capital hike as early as Monday (Oct 28), according to sources familiar with the matter, in an offering…
Business
Boeing to raise up to US$22 billion to shore up finances, stave off downgrade
BOEING on Monday (Oct 28) launched a stock offering that could raise up to US$22 billion as the planemaker looks to strengthen its…
Business
Chinese self-driving car company WeRide notches US$4.21 billion valuation in US IPO
SELF-DRIVING car company WeRide notched a valuation of about US$4.2 billion, after raising US$120 million in its US initial public…
Business
Thames Water seeks £3 billion from creditors on urgent cash needs
THAMES Water Utilities seeks to raise up to £3 billion (S$5.1 billion) from its creditors to buy the company more time to avoid going into…
Business
Las Vegas Sands to pump in US$8 billion to develop MBS expansion project
LAS Vegas Sands (LVS) – the parent company of Singapore’s Marina Bay Sands (MBS) – is set to invest US$8 billion in the integrated…
Business
Boeing faces $6 billion loss as striking workers' vote looms
Boeing is bracing for a challenging week while it faces a potential $6 billion third quarter loss, the introduction of a new CEO, and a…
Business
Boeing CEO presses turnaround as loss balloons to US$6 billion
BOEING CEO Kelly Ortberg laid out a turnaround plan on Wednesday (Oct 23), calling for a “fundamental culture change” at the struggling…
Business
France’s Wendel to acquire Monroe Capital for US$1.13 billion
The French company will also invest US$1 billion to support the US firm’s growth, which will retain its brand and continue to operate…
Business
China’s Horizon Robotics raises HK$5.4 billion in biggest Hong Kong IPO of 2024
CHINESE autonomous driving firm Horizon Robotics has priced its shares at the top of its range to raise HK$5.4 billion (S$913.4 million)…
Business
Hyundai Motor India dips in debut after record US$3.3 billion IPO
HYUNDAI Motor India shares slipped as much as 2.6 per cent early in their Mumbai debut, a lacklustre start to trading in what has been one…
Business
Boeing to book more than US$1 billion in wage-related costs from new labour proposal, analysts forecast
BOEING is expected to book more than US$1 billion in wage-related expenses from its proposed labour contract, analysts said. About 33,000…
Business
Syngenta seeks US$3 billion ESG loan, Asia’s biggest this year
AGROCHEMICALS giant Syngenta Group is seeking a US$3 billion sustainability-linked loan, in what would be Asia’s largest US dollar…
Business
Bitcoin flirts with US$70,000 after US$2.4 billion inflow into ETFs
BITCOIN pushed higher on Monday (Oct 21) as a spurt of inflows into exchange-traded funds (ETFs) for the largest digital asset as well as…
Business
Goldman Sachs, Morgan Stanley sell combined US$11 billion in bonds
GOLDMAN Sachs and Morgan Stanley sold a combined US$11.3 billion in investment-grade bonds on Wednesday (Oct 16), after both banks posted…
Business
Bernard Arnault’s US$37 billion wealth loss comes as luxury dims in China
EIGHTEEN months ago, LVMH shares were trading at a record high and the group’s controlling shareholder, Bernard Arnault, was the world’s…
Business
Boeing to raise up to US$25 billion as strike weighs on finances
US AIRCRAFT manufacturer Boeing unveiled measures meant to replenish its cash flow on Tuesday (Oct 15), including an intention to raise up…
Business
A $700 billion war chest: India's external sector needs skilful management
6 min read Last Updated : Oct 15 2024 | 10:21 PM IST Increasing geopolitical tensions in West Asia have put pressure on the Indian rupee,…
Business
Blackstone to invest 7.5 billion euros in data centres in northeastern Spain
BLACKSTONE, the world’s largest alternative asset manager, plans to invest 7.5 billion euros (S$10.7 billion) to develop data centres in…
Business
Boeing enters US$10 billion credit agreement with banks amid crippling strike
BOEING said on Tuesday (Oct 15) it has entered a credit agreement worth US$10 billion with a consortium of banks, as the US planemaker…
Business
Australia’s TPG Telecom to sell fibre, fixed assets to Vocus for A$5.25 billion
TPG Telecom will sell its fibre and fixed network infrastructure assets including broadband provider Vision Network to Macquarie and…
Business
Bain sought US$10 billion valuation for Japan's Kioxia, investors only wanted to pay half
Investors pushed Bain Capital to almost halve the valuation it was seeking for Japan’s Kioxia in an IPO, leading the US buyout firm to…