Business
Meta to Increase Spending to $65 Billion This Year in A.I. Push
Mark Zuckerberg spent all of 2024 telling investors that artificial intelligence would be key to the future of his company, Meta. In 2025,…
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LNG firm Venture Global gets US$1.75 billion in year’s biggest IPO
VENTURE Global raised US$1.75 billion in its initial public offering (IPO), pricing its shares in the middle of a marketed range. The…
Business
Hong Kong’s CKI is said to weigh sale of UK’s £4 billion Eversholt Rail
CK INFRASTRUCTURE Holdings is evaluating options for Eversholt Rail, including a possible sale that may value the British rolling stock…
Business
Cartier appeal helps Richemont reach 100 billion Swiss francs market value
SWISS luxury conglomerate Richemont’s stock market value surpassed 100 billion Swiss francs (S$149.2 billion) for the first time,…
Business
Databricks caps US$15 billion fundraise with meta as new investor
DATABRICKS, one of the world’s most valuable privately held tech companies, said on Wednesday (Jan 23) that it has raised more than US$15…
Business
ByteDance plans US$20 billion capex in 2025, mostly on AI: sources
BYTEDANCE, the Chinese owner of TikTok, has earmarked over 150 billion yuan (S$27.9 billion) in capital expenditure for this year, much of…
Business
SoftBank, OpenAI plan US$19 billion each for Stargate: report
SOFTBANK Group and OpenAI each plan to commit US$19 billion of capital to Stargate, the US$100 billion US artificial intelligence (AI)…
Business
Bain matches CC Capital’s offer for Australia’s Insignia Financial at A$3.07 billion
INSIGNIA Financial’s shares hit a three-year high on Thursday (Jan 23), driven by a revised takeover offer of A$3.07 billion (S$2.6…
Business
KKR combines US$157 billion infrastructure, real estate businesses
KKR is moving its infrastructure and real estate assets under the same leadership as it looks to capitalise on converging opportunities…
Business
Divvy Homes, Once Valued at $2 Billion, Is in Talks to be Sold for Parts
Divvy Homes, a Silicon Valley-backed company that promised an alternative path to homeownership for consumers of modest means, is in talks…
Business
Microsoft relaxes data centre grip on OpenAI amid US$500 billion joint venture
MICROSOFT on Tuesday (Jan 21) said it has changed some key terms of a deal with OpenAI after the ChatGPT creator announced a joint venture…
Business
Trump Announces $100 Billion A.I. Initiative
President Trump on Tuesday announced a joint venture between OpenAI, SoftBank and Oracle to create at least $100 billion in computing…
Business
Indonesia fines Google 202 billion rupiah for unfair business practices
INDONESIA’S antitrust agency on Tuesday (Jan 21) ordered Google to pay fines about 202 billion rupiah (S$16.8 million) for unfair business…
Business
China’s BYD to complete US$1 billion Indonesia plant by year-end: executive
CHINA’S top electric vehicle maker BYD aims to complete its US$1 billion plant in Indonesia at the end of 2025, the head of its local unit…
Business
Rio Tinto, Glencore discuss potential merger to create US$158 billion mining giant
RIO Tinto Group and Glencore have been discussing combining their businesses, which if successful would rank as the largest-ever mining…
Business
Toyota Truck Unit Will Pay $1.6 Billion to Settle Emissions Fraud Case
Toyota Motors’ trucking unit has agreed to plead guilty to criminal charges and pay $1.6 billion in civil and criminal penalties for…
Business
Ardian raises US$30 billion in world’s biggest private equity secondary market fundraising
FRENCH private equity (PE) group Ardian has raised a record US$30 billion in the largest-ever secondary market fundraising globally. This…
Business
Blackstone seeks US$3 billion in sale of Bob Dylan, Adele song rights
BLACKSTONE has hired financial advisers to explore the sale of song rights, including music from Bob Dylan, Adele and Ariana Grande, that…
Business
Temasek among parties said to be keen on Blackstone’s US$3 billion sale of Bob Dylan, Adele song rights
BLACKSTONE has hired financial advisers to explore the sale of song rights, including music from Bob Dylan, Adele and Ariana Grande, that…
Business
Temasek among parties keen on Blackstone’s US$3 billion sale of Bob Dylan, Adele song rights: sources
BLACKSTONE has hired financial advisers to explore the sale of song rights, including music from Bob Dylan, Adele and Ariana Grande, that…
Business
GuocoLand bags S$1.2 billion of green loans
One of the two facilities is the group’s largest to date, and will be used to refinance its latest integrated mixed development GuocoLand…
Business
Germany's Habeck touts investment fund of €40 billion initially
Robert Habeck, German Minister for Economic Affairs and Climate Protection and the Greens' lead candidate for the Bundestag elections,…
Business
JPMorgan says altcoin-ETF inflows may be as high as US$14 billion
JPMORGAN Chase analysts estimate that a proposed batch of exchange-traded funds (ETFs) holding alternative cryptocurrencies may attract…
Business
Amazon's $5 Billion Bet: Mexico Set to Become Latin America's Cloud Powerhouse
Amazon (NASDAQ:AMZN) just dropped a game-changer. The tech giant is pouring over $5 billion into a cutting-edge AWS data center in…