Politics
Trump administration expects $100 billion in savings from federal worker buyouts
The Trump administration's federal worker buyout is showing mixed results and potential unintended consequences. Source link
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Billion
Business
KKR raises offer for Fuji Soft in US$4.3 billion tussle with Bain
KKR & Co raised its offer price for Fuji Soft to fend off a rival bid from Bain Capital, the latest chapter in a months-long battle for…
Business
UBS quarterly profit smashes expectations, US$3 billion buyback unveiled
UBS Group, Switzerland’s largest bank, on Tuesday (Feb 4) posted net income of US$770 million for the fourth quarter of 2024, trouncing…
Business
UBS trounces profit forecasts, US$3 billion share buyback conditional on capital rules
UBS Group on Tuesday (Feb 4) posted fourth-quarter profit that beat forecasts by a wide margin and said it would buy back up to US$3…
Business
Grab weighs takeover of rival GoTo at US$7 billion valuation
GRAB Holdings and GoTo Group have accelerated merger talks and are targeting a deal this year, seeking to end years of losses in…
Politics
Volkswagen Sues India Over $1.4 Billion Tax Bill
Volkswagen has filed a lawsuit against Indian authorities over what the brand describes as an "impossibly enormous" tax demand, according…
Business
KKR, Gaw look to sell Tokyo Hyatt Regency for over 100 billion yen
KKR and Gaw Capital Partners are in talks to sell the Hyatt Regency hotel in Tokyo to Japan Hotel Reit Investment for more than 100…
Business
JPMorgan plans US$4 billion US gold delivery amid tariff fears
JPMorgan Chase will deliver gold bullion valued at more than US$4 billion against futures contracts in New York in February, at a time…
Business
CapitaLand Ascott Trust acquires two freehold hotels in Japan for 21 billion yen
CAPITALAND Ascott Trust (Clas) has acquired two freehold limited-service hotels in Japan – ibis Styles Tokyo Ginza and Chisun Budget…
Business
India central bank injects US$5.10 billion via FX swap to ease cash crunch
INDIA’S central bank injected US$5.10 billion through a foreign-exchange swap auction, using the tool for the first time in five years to…
Business
DBS signs mandates for Singapore listings with potential valuations of US$1 billion
DBS, South-east Asia’s biggest bank, has several listings lined up for the Singapore market, including some potential blockbusters with…
Business
Singtel’s Optus secures A$1.95 billion in credit facility with 12 banks
SINGTEL’S Australian subsidiary, Optus, has inked a A$1.95 billion (S$1.64 billion) committed revolving credit facility with 12 banks to…
Business
SoftBank in talks to lead OpenAI funding round at US$300 billion valuation, sources say
SOFTBANK is in talks to lead a funding round of up to US$40 billion in OpenAI at a post-money valuation of US$300 billion, sources told…
Business
US DOJ sues to block Hewlett Packard Enterprise’s US$14 billion Juniper deal
THE US Department of Justice has sued to block Hewlett Packard Enterprise’s US$14 billion deal to acquire networking gear maker Juniper…
Business
SoftBank in Talks to Invest Up to $25 Billion in OpenAI
OpenAI, the San Francisco artificial intelligence company that has been on a yearslong money-raising frenzy, is in talks with the Japanese…
Business
Sanofi plans 5 billion euro buyback, sees higher profit growth
SANOFI said it will repurchase five billion euros (S$7 billion) of stock and grow profits more quickly this year as the drugmaker pivots…
Business
TikTok bidders to offer ‘significantly’ more than US$20 billion
A GROUP of American investors vying to buy TikTok with support from top YouTuber MrBeast has secured more than US$20 billion for their…
Politics
The $8 Billion Children’s Vaccine Fund R.F.K. Jr. Would Oversee
When President Bill Clinton worked with a bipartisan Congress to enact a federal program to guarantee vaccines for poor children, they…
Business
World’s richest people lose US$108 billion after DeepSeek selloff
The world’s 500 richest people, led by Nvidia Corp co-founder Jensen Huang, lost a combined US$108 billion on Monday (Jan 27) as a…
Business
World’s richest people lose US$108 billion after DeepSeek sell-off
The world’s 500 richest people, led by Nvidia co-founder Jensen Huang, lost a combined US$108 billion on Monday (Jan 27) as a tech-led…
Business
Nvidia Dethroned as World's Most Valuable Company as $589 Billion Gets Wiped Off In Market Cap after DeepSeek Shakes AI Darling
Nvidia is no longer the most valuable company in the world after suffering the biggest stock market decline in history. The semiconductor…
Business
China Vanke Forecasts $6.2 Billion Loss, Replaces Top Executives
China Vanke, one of China’s largest property developers, said on Monday that its top executives were stepping down and warned of a $6.2…
Business
Inside the $32 Billion Industry Transforming Marijuana
An email obtained by The Times shows that one committee leader, Representative Sharon Wylie, a supporter of the industry, shared a draft…
Business
Meta to spend up to US$65 billion this year to power AI goals, Zuckerberg says
META Platforms plans to spend between US$60 billion and US$65 billion this year to build out AI infrastructure, CEO Mark Zuckerberg said…