Business
StanChart to return US$1.5 billion more as Q4 earnings beat estimates
STANDARD Chartered said it would hand back US$1.5 billion more to shareholders as it reported fourth-quarter earnings that beat estimates,…
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Business
StanChart to return US$1.5 billion more as earnings beat
STANDARD Chartered said it would hand back US$1.5 billion more to shareholders as it reported fourth-quarter earnings that beat estimates,…
Business
Chinese bubble tea chain Mixue aims to raise HK$3.45 billion in Hong Kong IPO
Bookbuilding for the IPO starts on Friday and the stock is due to begin trading on the Hong Kong Stock Exchange on Mar 3 CHINA’S largest…
Business
Billionaire investor Ryan Cohen boosts stake in Alibaba to US$1 billion: WSJ
BILLIONAIRE investor Ryan Cohen has increased his personal stake in Chinese e-commerce giant Alibaba Group to roughly US$1 billion in…
Business
Far East Hospitality Trust to acquire Sheraton hotel in Japan for 6 billion yen
FAR East Hospitality Trust (FEHT) will make its first Japanese hotel acquisition after expanding its investment mandate to global markets…
Business
KKR wins control of US$4.4 billion Fuji Soft after clash with Bain
The scramble to take Fuji Soft private is rooted in the value of the software company’s trove of human resources and real estate KKR has…
Business
Australia’s Goodman raises A$4 billion for data centres to tap AI boom
The increasing use of machine learning and cloud-based technologies is fuelling the need for power and storage sites AUSTRALIA’S Goodman…
Business
Siemens set to raise 1.4 billion euros in Healthineers stake sale
SIEMENS is likely to raise about 1.4 billion euros (S$2 billion) from the sale of a roughly 2.3 per cent stake in Siemens Healthineers,…
Business
Musk’s X in talks to raise money at US$44 billion valuation, Bloomberg News reports
ELON Musk’s X social media platform is in talks to raise money from investors at a US$44 billion valuation, Bloomberg News reported on…
Politics
Vietnam parliament approves US$8 billion rail link to China
VIETNAM’S parliament on Wednesday (Feb 19) approved plans for an US$8 billion rail link from its largest northern port city to the border…
Business
Singtel’s Q3 profit surges 183.4% to S$1.3 billion on exceptional gains
SINGTEL’S net profit for the third quarter ended Dec 31 climbed 183.4 per cent to S$1.3 billion from S$465 million in the same period the…
Business
UOB beats expectations with Q4 profit up 8.6% to S$1.52 billion; announces S$3 billion capital distribution package
The lender has proposed a final dividend of S$0.92 per share and special dividend of S$0.50 per ordinary share UOB on Wednesday (Feb 19)…
Business
Toyota is backing LG battery plant with US$1.5 billion order
TOYOTA Motor has agreed to shift a US$1.5 billion order with LG Energy Solution to bolster operations at a Michigan battery plant after…
Business
China’s Sany Heavy Industry aims to raise up to US$1.5 billion in planned Hong Kong listing: sources
CHINESE manufacturer Sany Heavy Industry is planning a listing in Hong Kong that could raise up to US$1.5 billion, two sources familiar…
Business
LG kicks off roadshows for US$1.5 billion India IPO
LG ELECTRONICS has started roadshows to meet potential investors in the initial public offering (IPO) of its Indian unit, sources familiar…
Business
Petronas mulls over US$1 billion loan for Malaysian LNG project
MALAYSIA’S Petroliam Nasional is in talks with banks for a potential loan to fund a liquefied national gas (LNG) project, according to…
Business
Temasek-backed Indian meat seller seeks US$2 billion IPO valuation
LICIOUS, a Temasek Holdings-backed online seller of meat and seafood in India, is seeking to become profitable as it prepares to list in…
Business
Shein faces investor pressure to slash valuation to US$30 billion: sources
FAST-fashion retailer Shein is under pressure to cut its valuation to about US$30 billion, according to people familiar with the matter,…
Business
MBS gets record S$12 billion loan; DBS, OCBC, UOB, Maybank coordinating facility
MARINA Bay Sands has obtained a S$12 billion multi-tranche loan to fund a planned expansion of its casino resort in Singapore, according…
Politics
Dem lawmakers fighting Trump's agency cuts represent states receiving $231 billion in federal funds
House Democrats are leading an effort to fight President Trump's sweeping overhaul of the federal government through a task force that…
Business
Dell nears US$5 billion AI server deal for Elon Musk’s xAI
DELL Technologies is in advanced stages of securing a deal worth more than US$5 billion to provide Elon Musk’s xAI with servers optimised…
Business
Family offices bet on Nvidia before US$589 billion DeepSeek rout
INVESTMENT firms for the world’s ultra-rich boosted their Nvidia Corp. allocations ahead of the DeepSeek-driven selloff. Family offices…
Business
Blackstone weighs US$2 billion sale of gas explorer Olympus
BLACKSTONE is exploring a sale of Olympus Energy, a natural gas explorer in the Appalachian region that could be valued at up to US$2…
Business
Nokia to gain unconditional EU nod for US$2.3 billion Infinera deal: sources
NOKIA is set to secure unconditional EU antitrust clearance for its US$2.3 billion acquisition of US optical semiconductors and networking…