Business
GDS-backed DayOne to pick banks for US$5 billion US IPO, sources say
DayOne Data Centers has selected banks to help arrange a US initial public offering (IPO) that may raise about US$5 billion, sources said.…
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Business
Baidu approves US$5 billion share buyback, first dividend
The Internet company joins larger peers Tencent Holdings and Alibaba Group Holding in enhancing shareholder returns U announced a…
Business
Paramount hikes Warner Bros breakup fee to US$5 billion
Paramount Skydance more than doubled the proposed breakup fee in its offer to acquire Warner Bros Discovery to US$5 billion, according to…
Business
Citigroup faces US$5 million bill to transport its lead from Singapore
Citi plans to keep about 24,000 tons in Singapore, while 88,000 tons will likely go to Taiwan or Malaysia Citigroup will move most of its…
Business
India’s Adani seeks up to US$5 billion investment in Google data centre to join AI boom
Indian billionaires Gautam Adani and Mukesh Ambani have also unveiled investments in building data centre capacity India’s Adani Group…
Business
Malaysia-based restaurant software platform FeedMe raises US$5 million
FeedMe, a restaurant software platform based in Malaysia, has raised US$5 million led by Integra Partners with participation from Cento…
Business
US: Wall St opens at near records levels as Nvidia hits US$5 trillion
Wall Street opened just short of fresh records on Wednesday (Oct 29) as Nvidia hits a US$5 trillion valuation, while investors awaited an…
Business
Nvidia set to become first US$5 trillion firm as AI rally extends
Nvidia is on track to become the first US$5 trillion company as chief executive officer Jensen Huang’s spree of deals around the world…
Business
Nvidia storms past US$5 trillion valuation as AI boom powers meteoric rise
The milestone underscores the company’s transformation from a niche graphics-chip designer into the backbone of the global AI industry…
Business
Amazon to invest another US$5 billion in South Korea data centres
The spending comes on top of more than US$4 billion of envisioned investment with partner SK Group announced in June Amazon.com is setting…
Business
Hyundai pivots to hybrids as it unveils US$5 billion India plan
The move comes as the automotive industry has moved away from ambitious targets for EV sales outside of China, following a hybrid-oriented…
Business
AEM soars 12.1% on the back of Nvidia’s US$5 billion Intel investment
Shares of AEM jumped as much as 12.1 per cent on Friday (Sep 19) shortly after market opened, following overnight news of Nvidia’s US$5…
Business
AEM soars 16.6% on the back of Nvidia’s US$5 billion Intel investment
Shares of AEM jumped as much as 16.6 per cent on Friday (Sep 19) shortly after market opened, following overnight news of Nvidia’s US$5…
Business
AEM soars 18.5% on the back of Nvidia’s US$5 billion Intel investment
Shares of AEM jumped as much as 18.5 per cent on Friday (Sep 19) following overnight news of Nvidia’s US$5 billion investment in chipmaker…
Business
AEM soars 17.8% on the back of Nvidia’s US$5 billion Intel investment
Shares of AEM jumped as much as 19.1 per cent on Friday (Sep 19) following overnight news of Nvidia’s US$5 billion investment in chipmaker…
Business
Nvidia invests US$5 billion in Intel, plans to co-design chips
Nvidia Corp agreed to invest US$5 billion in Intel and said the two will co-develop chips for PCs and data centres, a surprise move to…
Business
Starbucks China valued at about US$5 billion by bidders, sources say
Most of the bidders seeking to buy a portion of Starbucks’ China operations have submitted offers valuing the business at as much as US$5…
Business
Starbucks China reportedly valued at about US$5 billion by bidders
Most of the bidders seeking to buy a portion of Starbucks’ China operations have submitted offers valuing the business at as much as US$5…
Business
India’s RBI said to have sold at least US$5 billion to boost rupee
If the trend persists, it could become RBI’s largest month of net dollar sales since January India’s central bank sold US dollars across…
Business
Saudi Aramco could tap debt markets again after US$5 billion bond sale
Saudi Aramco has published a new prospectus for its issuance programme of Islamic bonds or sukuk, signalling the state oil major may soon…
Business
CATL starts gauging interest for potential US$5 billion Hong Kong listing
The company is barrelling ahead with the offering in spite of the turbulent markets that have been whipsawing on the back of US President…
Business
GM slashes guidance with up to US$5 billion hit from tariffs
General Motors cut its full-year profit outlook citing as much as US$5 billion of exposure to auto tariffs, among the biggest financial…
Business
China’s CATL to file for at least US$5 billion Hong Kong listing this week: sources
CHINESE battery giant CATL plans to file a Hong Kong listing application this week to raise at least US$5 billion, according to two…
Business
KKR and Bain each bid more than US$5 billion for Seven & i assets: sources
PRIVATE equity firms KKR and Bain Capital each offered more than US$5 billion in first-round bids for the non-core assets of Japan’s Seven…