Business
CLI closes second onshore sub-fund; targets 1.48 billion yuan in funds under management
It is under the CLI RMB Master Fund with CapitaMall Xinduxin, as the seed asset Global real asset manager CapitaLand Investment (CLI) said…
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Business
Hongkong Land shares up 5% on S$1.45 billion sale of MBFC stake
It is selling its stake to Keppel Reit, which will have two-thirds interest in the property upon completion Shares of Hongkong Land rose…
Business
Hongkong Land shares end 5.5% higher on S$1.45 billion sale of MBFC stake
The group is selling its share to Keppel Reit, which will have a two-thirds interest in the property upon completion Shares of Hongkong…
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China’s ZTE may pay more than US$1 billion to the US over foreign bribery allegations: sources
ZTE said it is engaged in “ongoing communication” with the US Justice Department CHINESE telecom equipment maker ZTE Corp may pay more…
Business
Li Ka-shing’s US$19 billion ports sale slows due to complex talks
CK Hutchison has said that it would not proceed with a transaction that did not have the approval of all relevant authorities Hong Kong…
Business
AI’s US$400 billion problem: Are chips getting old too fast?
IN PURSUIT of the AI dream, the tech industry this year has plunked down about US$400 billion on specialised chips and data centres, but…
Business
Temasek, top funds bid in Swiggy’s US$1.1 billion share sale
The fundraising underscores the Indian e-commerce market’s rapid expansion amid surging demand Global investors, including Temasek…
Business
MPACT subsidiary sells Festival Walk Tower for close to HK$2 billion
The manager of Mapletree Pan Asia Commercial Trust (MPACT) announced on Wednesday (Dec 10) that its subsidiary – Festival Walk – will sell…
Business
MPACT sells Festival Walk Tower for close to HK$2 billion
The manager of Mapletree Pan Asia Commercial Trust (MPACT) announced on Wednesday (Dec 10) that its subsidiary Festival Walk Ltd will sell…
Business
Nintendo sheds US$14 billion value after chip squeeze fears grow
The gaming pioneer faces rising memory costs, which threaten to impair margins for its Switch 2 console Nintendo’s shares fell as much as…
Business
E-commerce firm Meesho notches US$8.8 billion valuation in blockbuster India debut
The country’s IPO fundraising in 2025 is expected to surpass last year’s record US$20.5 billion Shares of e-commerce firm Meesho jumped…
Business
Amazon announces US$35 billion investment in India
Major US tech firms have poured billions of US dollars into the country this year Amazon plans to invest more than US$35 billion in India…
Business
Amazon to invest over US$35 billion in India on AI, exports
Amazon plans to invest more than US$35 billion in India by 2030 to expand its operations by boosting artificial intelligence (AI)…
Business
Amazon says it will invest $35 billion in India by 2030 on AI, exports
Major US tech firms’ pledges in the country underscore its emergence as a hub for cloud, AI and deep-tech growth E-COMMERCE giant Amazon…
Business
Olam Group says unit secures US$1.12 billion dual currency loan
OLAM Group said on Wednesday its unit olam food ingredients (ofi) had secured a multi-tranche dual currency term loan facility aggregating…
Business
Olam unit bags US$1.12 billion dual currency loan facility
It will be used to refinance ofi’s existing loans and for general corporate purposes Agribusiness conglomerate Olam Group said on…
Business
Tencent goes hands-on to reshape US$10 billion global games empire
This year, Tencent Holdings’ gaming business scored record sales, defying an industry slowdown with international hits such as zombie…
Business
SpaceX to pursue 2026 IPO raising far above US$30 billion
SpaceX is moving ahead with plans for an initial public offering (IPO) that would seek to raise significantly more than US$30 billion,…
Business
Global airlines set for record US$41 billion net profit next year: Iata
Global airline trade body Iata said on Tuesday the airline sector would post record profits next year despite ongoing supply-chain issues…
Business
Microsoft makes US$17.5 billion pledge for AI cloud in India
The country of 1.45 billion people is increasingly drawing the attention of AI power brokers as a market and a source of talent and data…
Business
Microsoft unveils US$23 billion in new AI investments with big focus on India
Microsoft on Tuesday (Dec 9) unveiled about US$23 billion in new artificial intelligence investments, with the bulk earmarked for India as…
Business
Novartis strikes deal with UK biotech for up to US$1.7 billion
Novartis is on a deal spree this year, including the US$12 billion acquisition of Avidity Biosciences Novartis will pay UK biotech…
Business
Apac airlines to increase net profit by 6.5% to US$6.6 billion in 2026: Iata
Asia-Pacific airlines are projected to record US$6.6 billion of net profit in 2026, up from S$6.2 billion in 2025, the International Air…
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Warner Bros fight heats up with US$108 billion hostile bid from Paramount
Acceptance of the bid would trigger a US$2.8 billion breakup fee payable to Netflix Paramount Skydance on Monday (Dec 9) launched a…