Business
Vietnam Joins World's Top 25 Trading Economies as Trade Tops US$900 Billion
Vietnam's total trade turnover has exceeded US$900 billion for the first time, marking a major milestone in the country's economic…
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Business
BOJ cuts monthly bond purchase amount by 400 billion yen
The Bank of Japan on Friday (Dec 26) announced a 400 billion yen (S$3.28 billion) reduction in its monthly bond purchases, continuing its…
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Vietnam’s Vingroup to withdraw bid for US$67 billion North-South high-speed railway
Vietnam’s largest conglomerate, Vingroup, said on Thursday (Dec 25) that it would withdraw its investment proposal for the nation’s…
Business
LG Energy Solution unit to sell US$2.86 billion US factory assets to Honda
This excludes land and equipment, and is meant to ‘improve joint venture operational efficiency’ South Korea’s LG Energy Solution (LGES)…
Business
BP to sell 65% stake in Castrol to Stonepeak for US$6 billion
The sale proceeds, which include US$800 million for accelerated dividend payments, will be used to reduce debt BP said on Wednesday (Dec…
Business
Sanofi to buy Dynavax for US$2.2 billion to add shingles vaccine
Sanofi agreed to buy Dynavax Technologies for about US$2.2 billion to expand its vaccines business with a shot for hepatitis B and an…
Business
ServiceNow agrees to buy cyber startup Armis for US$7.75 billion
The deal aims to deliver a strategic cybersecurity shield for real-time, end-to-end protection for all technology estates ServiceNow has…
Business
India’s RBI to inject 2 trillion rupees via fresh bond buys, US$10 billion in FX swap
This is to offset the cash drain from its US dollar sales in the currency market to support a weakening rupee India’s central bank…
Business
Electronic Arts shareholders approve US$55 billion sale to Saudis
ELECTRONICS Arts shareholders approved the US$55 billion sale of the company, a leading video-game publisher, in a deal led by Saudi…
Business
Telefonica to cut 5,500 jobs with total cost of 2.5 billion euros
The Spanish carrier has signed an agreement with unions to implement the exit plans Telefonica will book a cost of 2.5 billion euros…
Business
Larry Ellison offers US$40.4 billion guarantee to beef up Paramount's Warner Bros bid
Oracle co-founder Larry Ellison will provide a personal guarantee of US$40.4 billion in equity financing to back Paramount Skydance’s…
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Netflix refinances part of US$59 billion loan for Warner Bros bid
The streaming giant plans to tap capital markets to further reduce its bridge facility and extend its debt maturities Netflix has…
Business
Record US$350 billion deals boom fuels upbeat M&A outlook in Japan
Corporate governance reforms aimed at improving shareholder returns are helping to transform country into a hive of activity IT HAS been a…
Business
SoftBank races to fulfil US$22.5 billion funding commitment to OpenAI by year-end: sources
SoftBank Group is racing to close a US$22.5 billion funding commitment to OpenAI by year-end through an array of cash-raising schemes,…
Business
Elon Musk becomes first person worth US$700 billion following pay package ruling
TESLA CEO Elon Musk’s net worth surged to US$749 billion late Friday (Dec 19) after the Delaware Supreme Court reinstated Tesla stock…
Business
10 S-Reits garner over S$1 billion in total retail net inflows in 2025
Including dividends, total returns for the STI and S-Reits reached 26.7% and 14.4%, respectively With seven trading days remaining in…
Business
Musk wins US court appeal of US$56 billion Tesla pay package
A DELEWARE appeals court cleared the way Friday for tech CEO Elon Musk to receive a long-contested US$56 billion Tesla pay package,…
Business
TikTok owner ByteDance on track for US$50 billion profit in 2025
BYTEDANCE is on track for profits of roughly US$50 billion in 2025, capping a record year for a Chinese social media leader making major…
Business
India’s Adani seeks to operate more airports as part of US$11 billion expansion
The group currently manages seven airports across the country, with plans to aggressively bid for 11 more [MUMBAI/NEW DELHI] India’s Adani…
Business
Will Money Talk? Elliott Takes $1 Billion Stake in Lululemon, Pushes for Ralph Lauren Exec to Be Next CEO
Lululemon Athletica founder Chip Wilson has been agitating for change, and the outspoken critic now has activist investor Elliott…
Business
Trump Media, fusion power firm TAE Technologies combine in US$6 billion deal
Under the deal, shareholders of both companies will own about 50% of the combined entity US President Donald Trump’s social media firm is…
Business
Elliott takes over US$1 billion stake in Lululemon: source
Activist investor Elliott Management has amassed a stake of more than US$1 billion in Lululemon Athletica and is lining up a potential CEO…
Business
Oracle data centre plan hit as Blue Owl walks from US$10 billion deal: source
Blue Owl’s discussions with lenders and Oracle for an OpenAI-linked Michigan data centre stall after failed negotiations Oracle’s largest…
Business
Warburg Pincus invests in corporate services firm Acclime, valuing it at US$1 billion
The private equity firm beat rival firms Carlyle Group, Blackstone, KKR and TPG in a bidding race American private equity firm Warburg…