Business
Italy investigates Amazon over alleged 1.2 billion euro tax evasion
ITALIAN prosecutors are investigating e-commerce giant Amazon and three of its executives over alleged tax evasion worth 1.2 billion euros…
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Billion
Business
Singapore video game company's Nasdaq listing values it at US$1.2 billion
Grand Centrex Limited (GCL) aims to eventually build a sizeable game studio in Singapore, capable of producing blockbusters VIDEO game…
Business
ThaiBev Q1 revenue up 2.4% to 92.3 billion baht
Improvement driven by stronger sales of beer, non-alcoholic beverages and food segments THAI Beverage on Thursday (Feb 13) reported that…
Business
Honda and Nissan Scrap $50 Billion Merger Plan
A $50 billion merger between Honda Motor and Nissan Motor, which would have established one of the world’s largest auto groups, has been…
Politics
Fact check: Does Republican budget cut Medicaid by $880 billion?
After House Republicans shared a new budget proposal this week, some Democrats began sounding the alarm that Medicaid funding could be…
Business
Alibaba becomes China’s new AI darling with US$87 billion rally
THE frenzy over Chinese artificial intelligence is turning Alibaba Group Holding into an investor favourite again, injecting new life into…
Business
KKR nears US$14 billion for buyout fund in show of momentum
KKR is more than halfway to a US$20 billion money-raising goal for its North America buyout fund, a sign of momentum during a difficult…
Business
California’s FAIR Plan Gets $1 Billion Bailout After L.A. Fires
California’s home insurance plan of last resort, designed for people who can’t get coverage on the private market, does not have enough…
Business
BP pledges reset as annual profit dips below US$9 billion
BP CEO Murray Auchincloss pledged on Tuesday (Feb 11) to fundamentally reset the company’s strategy as it reported a 35 per cent fall in…
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
China’s CATL to raise at least US$5 billion in Hong Kong listing: sources
CHINESE battery giant CATL is expected to raise at least US$5 billion in a Hong Kong listing, according to two sources with direct…
Business
SoftBank explores debt-heavy financing for US$500 billion AI push
A FEW weeks ago, SoftBank Group founder Masayoshi Son stood alongside US President Donald Trump to unveil the Stargate Project, an…
Business
Chinese investors drive Hong Kong rally with HK$150 billion inflow
CHINESE investors are helping to drive a bull run in Hong Kong shares, ploughing almost HK$150 billion (S$26 billion) into the financial…
Business
Morgan Stanley sets US$3 billion X loan to tap into Musk mania
MORGAN Stanley kicked off another large sale of X debt on Monday (Feb 10), seizing on investors’ sudden embrace of the social media…
Business
Brookfield to spend 20 billion euros on France’s AI infrastructure
BROOKFIELD Asset Management plans to invest 20 billion euros (S$28 billion) to develop data centres and artificial intelligence (AI)…
Business
Pimco seeks to grow 60/40 fund to US$2 billion on Asia expansion
Pimco has been expanding its distribution in Asia, as it lures more investors seeking to tap investment strategies of global funds PACIFIC…
Business
DBS posts 11% rise in Q4 profit to S$2.52 billion; full-year earnings hit record S$11.29 billion
The lender proposed a final dividend of S$0.60 Singapore cents per share for the fourth quarter DBS posted net profit for the fourth…
Business
Silk Road Founder May Fight for Seized $6.5 Billion Bitcoin After Trump Pardon
, the founder of Silk Road, could attempt to reclaim $6.5 billion in Bitcoin seized from the platform. Ulbricht, 40, was serving a life…
Business
Frasers Property registers S$1 billion in pre-sold revenue as at end-2024; net gearing at 86.4%
FRASERS Property registered S$1 billion in pre-sold revenue across Singapore, Australia, Thailand and China as at Dec 31, 2024, its…
Business
Citadel gives rare glimpse of US$57 billion gains from its largest funds
CITADEL offered a rare glimpse under the hood of its multistrategy funds during a lucrative period for the most profitable hedge fund firm…
Business
ST Engineering bags new contracts worth S$4.3 billion in Q4 2024
ST ENGINEERING on Thursday (Feb 6) announced that it secured S$4.3 billion in new contracts in the fourth quarter of 2024. These comprise…
Business
Bain is said to near 500 billion yen deal for Mitsubishi pharma unit
BAIN Capital is nearing a deal to buy Mitsubishi Chemical Group’s pharmaceutical unit, sources familiar with the matter said, adding to a…
Business
Huawei chairman says 2024 revenue exceeded 860 billion yuan
HUAWEI’S chairman said on Wednesday (Feb 5) that the tech company’s annual revenue exceeded 860 billion yuan (S$159.6 billion) last year,…
Business
GSK plans £2 billion share buyback, boosts long-term outlook
The buyback comes after GSK saw earnings per share, excluding some items, at 23.2 pence in the fourth quarter GSK plans to buy back £2…