Business
MMC Port said to be weighing mega Malaysia IPO valued at up to RM7 billion
It runs seven ports along the Strait of Malacca, one of the world’s busiest shipping lanes MMC Port Holdings has been considering an…
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OK Lim has accepted judgement debt of over US$3.5 billion, but creditors will likely claw back much less
The 82-year-old and his children, Evan Lim and Lim Huey Ching, are planning to file for bankruptcy EMBATTLED Hin Leong Trading founder Lim…
Business
GLP Capital Partners sells ex-China assets to Ares for up to US$5.2 billion
FUND manager GLP Capital Partners (GCP) has agreed to sell its operations outside China to US-based alternative investment group Ares…
Business
Online retailer Shein’s 2023 sales hit £1.55 billion in UK
SHEIN’S British business made £1.55 billion (S$2.6 billion) in revenue in 2023, up sharply from its previously reported results, a filing…
Business
FTX clear to repay customers as firms seek slice of US$1 billion
CRYPTOCURRENCY firm FTX won court approval to fully repay customers whose digital assets were locked on the platform when it imploded…
Business
AstraZeneca signs US$1.92 billion licensing deal with HK-listed CSPC
Hong Kong-based CSPC will also get an upfront payment of US$100 million as part of the deal AstraZeneca said on Monday (Oct 7) it would…
Business
Tokyo Metro looks to raise up to US$2.4 billion in largest Japan IPO since 2018
TOKYO Metro has set a price range at 1,100 to 1,200 yen per share, against an initial estimate of 1,100 yen, a regulatory filing showed on…
Business
BofA expects India's forex reserves to reach $745 billion in March 2026
2 min read Last Updated : Oct 04 2024 | 3:37 PM IST By Subhadip Sircar India’s foreign-exchange reserves will likely rise to $745 billion…
Business
HSBC plans risk transfer linked to 2 billion euros of corporate loans
HSBC Holdings plans to issue a significant risk transfer (SRT) linked to a portfolio of about 2 billion euros (S$2.9 billion) of corporate…
Business
DSV sells new shares for 5 billion euros without discount for DB Schenker deal
DSV has sold new shares for 5 billion euros (S$7.1 billion) without resorting to a discount, as a number of high-profile investors bought…
Business
Microsoft to make 4.3 billion euros AI, cloud investment in Italy
MICROSOFT plans to invest 4.3 billion euros (S$6.1 billion) over the next two years to strengthen its artificial intelligence (AI) and…
Business
S$67 billion: That’s the value of gold, silver in Singapore’s Fort Knox when fully stored
Storage facilities are enjoying a gold rush as the rich turn to physical bullions amid geopolitical turmoil DEMAND for special storage…
Business
Global borrowing binge brings record US$600 billion of bond sales
Companies and governments around the globe spent the past month streaming into debt markets, seizing on declining interest rates ahead of…
Business
Adani flagship’s US$1.3 billion share sale said to start next week
Billionaire Gautam Adani’s flagship firm plans to roll out its share sale as early as next week, according to people familiar, marking its…
Business
Goldman Sachs trades £1 billion in Thames Water debt
Goldman Sachs Group executed more than £1 billion (S$1.7 billion) of trades in Thames Water’s bonds in September, as it made a market…
Business
Pfizer raises US$3.2 billion by selling part of Haleon stake
Pfizer increased the number of shares to 640 million from 540 million after the sale began Pfizer has raised about US$3.2 billion from the…
Business
Thai Air plans US$1.3 billion share sale to complete debt revamp
Thai Airways International plans to issue new shares worth at least US$1.3 billion to creditors and other investors by December, a major…
Business
Indonesia’s Bank Mandiri backs new coal power plant with US$1.27 billion financing
The financing comes at a time when Indonesia is striving to reduce coal consumption and transition to renewable energy Bank Mandiri – the…
Business
China’s central bank buys 200 billion yuan of sovereign bonds in September
THE Chinese central bank said on Monday (Sep 30) that it had bought 200 billion yuan (S$36.5 billion) of the country’s government bonds in…
Business
OpenAI sees US$11.6 billion revenue next year, offers Thrive chance to invest again in 2025
THRIVE Capital is investing more than US$1 billion of OpenAI’s current US$6.5 billion fundraising round, and it has a sweetener no other…
Business
News Corp-owned REA sweetens takeover offer for UK's Rightmove to US$8.3 billion
AUSTRALIA’S REA Group, owned by Rupert Murdoch controlled-News Corp, bumped up its takeover bid for Rightmove to £6.2 billion (S$10.6…
Business
Australia's Star plunges after US$1.2 billion loss; responds to show-cause notice
SHARES in Australian casino operator Star Entertainment slumped more than 50 per cent to a record low on Friday (Sep 27), as it resumed…
Business
Vietnam says SpaceX’s Starlink plans US$15 billion investment
SPACEX is proposing to invest US$15 billion in Vietnam tied to its Starlink satellite service in the near future, the South-east Asian…
Business
Vietnam says Musk’s SpaceX plans US$15 billion Starlink investment
ELON Musk’s SpaceX plans to invest US$15 billion in Vietnam in the near future, the government of the Communist-run nation said on…