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Gas giants use AI to raise prices, lawsuit says, another algorithmic hit to the cost of living
A federal lawsuit alleging that gas companies in California are colluding to keep prices high through their use of AI-powered software…
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raise
Business
FedEx, Pilots Near Deal With 40% Pay Raise After Five Years of Talks
Mere hours after FedEx’s soon-to-be spun off trucking division concluded its first investor day meeting Wednesday, the logistics giant and…
Business
Australia’s central bank will raise rates again if inflation becomes entrenched, governor says
Australia’s central bank will raise rates again if inflation becomes entrenched, its governor said on Thursday, having just delivered the…
Business
GIC-backed Shenzhen Han’s CNC to price Hong Kong listing at top of range; targets HK$4.83 billion raise
The firm is offering 50.5 million shares in the listing, with the offer price determined as HK$95.80 per share Printed circuit board (PCB)…
Business
Oracle plans to raise US$45 billion to US$50 billion in 2026
LE expects to raise US$45 billion to US$50 billion in 2026 to build additional capacity for its cloud infrastructure, the software company…
Business
Oracle says it plans to raise up to $50 billion in debt and equity this year
— LE expects to raise US$45 billion to US$50 billion in 2026 to build additional capacity for its cloud infrastructure, the software…
Business
Temasek-backed Eastroc Beverage to price HK IPO at top of range; targeting HK$10.14 billion raise
The firm has offered 40.9 million H shares for the listing, putting the offer price at HK$248 apiece — Energy drink maker Eastroc Beverage…
Business
Apac investors most bullish globally on private markets, with nearly half planning to raise allocations
Institutional investors in Asia-Pacific (Apac) have the strongest conviction on private markets, with only 9 per cent planning to reduce…
Business
China’s Eastroc Beverage launches Hong Kong listing, seeking to raise HK$10.14 billion
Chinese energy drink producer Eastroc Beverage is seeking to raise HK$10.14 billion (S$1.65 billion) in a Hong Kong listing, with proceeds…
Business
Hong Kong-listed J&T Global Express aims to raise HK$4.7 billion for tech, overseas expansion
The proceeds will be used to develop the group’s overseas business and technology advancement Indonesian courier services firm J&T Global…
Business
Prudential pays RM1.5 billion to raise stake in Malaysia unit to 70%
The insurer currently holds a 51% interest while local partner Detik Ria owns the rest Prudential will pay RM1.5 billion (S$483 million)…
Business
Britain eases rules for companies to raise funds
Britain’s revamped framework for raising capital came into force on Monday, aiming to make it easier and cheaper for listed and private…
Business
Net institutional inflow continues; QAF, XMH, JEP directors raise their stakes
For the five trading sessions spanning Jan 9 to 15, institutions were net buyers of Singapore stocks, with net institutional inflow of…
Business
Some in Bank of Japan see scope to raise rates sooner than markets expect, sources say
Some Bank of Japan policymakers see scope to raise interest rates sooner than markets expect with April a distinct possibility, as a…
Business
China brokers rebuild ranks, raise pay on dealmaking return
CHINA’S biggest securities firms are back on the offensive after taking a battering over the past few years. Investment banking divisions…
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Grab, ComfortDelGro Taxi to raise platform fees from Jan 1
Taxi operator ComfortDelGro and ride-hailing firm Grab will be increasing their platform fees from Jan 1, 2026. ComfortDelGro will…
Business
Waymo in talks to raise billions at over US$100 billion valuation: report
ALPHABET unit Waymo is in talks with potential investors to raise money at a valuation of at least US$100 billion, The Information…
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BOJ is set to raise benchmark rates to highest level since 1995
The yen’s weakness has played a vital role in reviving inflation by prompting businesses to pass their higher input costs on to consumers…
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Who Is Paige Shiver? Internet Sleuths Claim Sherrone Moore Had 'Inappropriate Relationship' With NFL Star's Daughter Who Was Given Huge Pay Raise
The University of Michigan staff member linked to coach Sherrone Moore's firing reportedly saw her salary spike by nearly $41,000 between…
Business
LMIRT launches rights issue to raise S$63 million
Most of the proceeds will go towards paying off loans; some of it will be used for general working capital Lippo Malls Indonesia Retail…
Business
Rio Tinto outlines plan to cut costs, raise productivity at strategy day
Rio Tinto CEO Simon Trott outlined a plan to focus on cost cuts and productivity gains at his first strategy day on Thursday (Dec 4) as he…
Business
Data centres are expensive. Reits are ‘powerful tools’ to raise capital - and Singapore benefits
Data centres are expensive - to construct and to operate, as they are also power-guzzling. Amid the AI boom, as demand from hyperscalers…
Business
Data centres are expensive. Reits are ‘powerful tools’ to raise capital - and Singapore is benefiting
Data centres are projected to need US$6.7 trillion in global investments to keep up with computing power demand by 2030 Data centres are…
Business
Analysts raise CIMB target price on ‘surprise’ capital return initiative
The bank announces it will be returning up to RM2 billion of capital to shareholders by end-2027 Analysts are maintaining their bullish…