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OpenAI, SoftBank invest US$1 billion in SB Energy as Stargate buildout expands
The data centre construction boom has also prompted major players, including Meta Platforms OpenAI and SoftBank Group will invest US$500…
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Iran Used $2 Billion in Crypto to Run Its Militant Proxies in 2025
crypto scam, india scam. Photo by BeInCrypto Iran’s Islamic Revolutionary Guard Corps (IRGC) transacted more than $2 billion in…
Business
China’s GigaDevice Semiconductor locks top-end pricing in HK$4.68 billion Hong Kong listing
China’s GigaDevice Semiconductor has set an offer price of HK$162 per H share in its Hong Kong listing, raising HK$4.68 billion (S$772.5…
Business
Is S$5 billion enough? Panel weighs impact of EQDP on Singapore equity valuations
There was agreement that the sum has kickstarted things, and that the challenge would be to keep up the momentum built in 2025 The idea of…
Business
GM to take US$6 billion writedown on EV pullback
GM’s EV sales dropped 43 per cent in the fourth quarter after the loss of the consumer tax credit General Motors said on Thursday it would…
Business
Blackstone eyes US$2.6 billion of debt to finance power merger
Electricity demand is soaring globally as the data centres needed for Big Tech’s artificial intelligence objectives put pressure on power…
Business
This $4 Billion Bridge Could Connect Asia And Africa In A Meaningful Way
For several decades, Egypt and Saudi Arabia have considered physically connecting their two countries using a massive sea bridge. The…
Business
Hang Seng Bank shareholders approve HSBC’s US$13.6 billion buyout proposal
Shareholders of Hang Seng Bank on Thursday (Jan 8) voted for a plan floated by its majority owner HSBC to take the bank private, in a…
Business
JD.com weighs raising 10 billion yuan in debut dim sum bond sale
Dim sum bonds are attractive to some Chinese tech firms because of their lower financing costs JD.COM is considering its first dim sum…
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Australia’s goods trade surplus shrinks to A$2.9 billion in November
Australia’s surplus on goods trade narrowed sharply in November as shipments of iron ore fell back, data showed on Thursday, while imports…
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Cathay United Bank grants Marco Polo Marine unit long-tenor facility for NT$4.7 billion research vessel project
The group previously said it would finance the project through internal cashflows and not require any project-specific debt Marco Polo…
Business
Temasek-backed Clifford Capital prices US$1 billion government-guaranteed bond offering
Issue draws robust subscription; the three-year and five-year tranches carry coupons of 3.852% and 4.037%, respectively…
Business
Prudential announces US$1.2 billion share buyback
The repurchase represents about 3% of its issued share capital, based on the Jan 5 closing price — Prudential will start a fresh share…
Business
DayOne Data Centers raises over US$2 billion to fund Europe, Asia expansion
DayOne Data Centers has entered into definitive agreements for over US$2 billion in its Series C equity financing, led by existing…
Business
Cathay Pacific CEO says Air China’s HK$1.3 billion stake sale a ‘tactical’ move
Swire Pacific will remain the largest shareholder with a 47.65% stake after the buyback Cathay Pacific Airways CEO Ronald Lam said on…
Business
CEO of Salonpas maker seeks to take the 450 billion yen drug firm private
The Japanese government has been promoting cheaper generic medicines and pushing drugmakers to cut prices as its population ages Hisamitsu…
Business
UBS raises US$3 billion from sale of Additional Tier 1 bonds
UBS Group sold US$3 billion of Additional Tier 1 (AT1) bonds on Monday (Jan 5) as major banks face modest refinancing needs that are…
Business
CapitaLand India Trust to divest 20.2% stakes in three data centre assets for seven billion rupees
CapitaLand India Trust (Clint) has entered into definitive agreements to divest 20.2 per cent of its stakes in three data centre assets…
Business
SoftBank has completed its US$40 billion investment in OpenAI
It has been building one of the largest private technology investment programmes in the world, with a particular focus on AI and related…
Business
Six China IPOs debut in Hong Kong after raising HK$7 billion to cap banner year
With more than 300 companies filing to list, the momentum is set to carry into 2026 [SINGAPORE/HONG KONG] Six Chinese companies made their…
Business
Citigroup to take US$1.1 billion loss on Russian business unit sale
Other lenders have also scaled back, with Goldman Sachs gaining approval earlier this year to sell its business in Russia Citigroup said…
Business
SoftBank to buy DigitalBridge in US$4 billion deal to bolster AI infrastructure push
The investment firm funds digital infrastructure sectors such as data centres, cell towers, fibre networks and others SoftBank will…
Business
VinFast-linked GSM eyes international IPO; floats US$20 billion valuation
The company runs Vietnam’s largest all-electric taxi fleet under the Xanh SM brand [SINGAPORE/HANOI] Vietnamese electric-vehicle (EV) taxi…
Business
India claims US$30 billion from Reliance Industries, BP for underproduction from gas field: sources
A tribunal has been hearing the dispute in India since 2016 over gas produced from two deepwater fields India is seeking over US$30…