Business
US finalises more than US$6.1 billion chips subsidy for Micron Technology
THE US Department of Commerce has finalised a subsidy of more than US$6.1 billion for memory chip maker Micron Technology to support the…
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Billion
Business
Stellantis, China’s CATL to invest 4.1 billion euros in EV battery factory in Spain
STELLANTIS and Chinese battery maker CATL will invest 4.1 billion euros (S$5.8 billion) in a factory making electric vehicle batteries in…
Business
Reliance Industries seeks up to US$3 billion loan for refinancing
BILLIONAIRE Mukesh Ambani-owned Reliance Industries is in talks with banks for a loan of as much as US$3 billion to refinance debt due…
Business
Apollo targets US$25 billion for flagship private equity fund
APOLLO Global Management is readying what could mark its largest ever private equity fund. Apollo is looking to gather US$25 billion of…
Business
GIC Picks JPMorgan to advise on US$5 billion Greenko stake sale
GIC is working with JPMorgan Chase to help advise on a strategic review of options including a sale of its 50 per cent stake in India’s…
Business
India's Adani Group to invest over US$88 billion in Rajasthan state
Indian conglomerate Adani Group will invest over US$88.53 billion in various sectors such as renewable energy and cement in the…
Business
US Bitcoin ETF inflows near US$10 billion since Trump election win
ALMOST US$10 billion has poured into US exchange-traded funds (ETFs) investing directly in Bitcoin since Donald Trump became…
Business
Temasek unveils S$10 billion private credit entity
SINGAPORE’S state investment company Temasek said on Friday (Dec 6) that it has established a wholly owned private credit entity with an…
Business
Temasek initiates wholly owned private credit platform of about S$10 billion
It will be led by Nicolas Debetencourt, head of credit and hybrid solutions at Temasek SINGAPORE investment company Temasek announced on…
Business
World Bank raises record US$100 billion for aid to poorest nations
THE World Bank received pledges to deploy a record of US$100 billion via its unit focused on low-interest loans and grants to the poorest…
Business
Brazil development bank signs deal with AIIB for nearly $3 billion in investments
(Reuters) - Brazilian development bank BNDES said on Monday that it has signed a deal with the Asian Infrastructure Investment Bank (AIIB)…
News
Paris aid talks mobilize €1 billion for Lebanon, as war drags on
An international conference in Paris has mobilized €800 million ($865 million) in immediate humanitarian aid for Lebanon, French Foreign…
Politics
European Parliament votes in favour of €35 billion loan for Ukraine
The European Parliament voted in favour of €35 billion ($38 billion) in loans for Ukraine secured by windfall profits from frozen Russian…
Business
Indonesia's $30 Billion Free Lunch Plan Hinges on Big Tax Revamp
(Bloomberg) -- In northern Jakarta Bay, a region with the highest prevalence of growth stunting and malnutrition in Indonesia’s capital,…
Business
Italy to Tap Banks, Insurers for €3.5 Billion in Budget Plan
(Bloomberg) -- Prime Minister Giorgia Meloni’s cabinet is tapping Italy’s banks and insurers to help finance its budget, according to a…
Business
Senegal Plans to Invest About $30.5 Billion In Development
(Bloomberg) -- Senegal, a nascent oil and gas producer, intends spending about 12.8 trillion CFA francs ($21 billion) on development over…
Business
Organized crime groups in Germany cause almost €3 billion in damage
Organized crime groups caused billions of euros in damage in Germany in 2023, a new report showed on Thursday. The study by the Federal…
Politics
Russia may have spent $1.3 billion on an aerial attack as inflation continues to soar in the country on the back of huge state defense spending
Russia launched a $1.3 billion air assault on Ukraine this week. The attack used hundreds of UAVs and missiles, including Shahed strike…
Politics
EU sends €4.2 billion in financial aid to Ukraine
European Union countries signed off on the first quarterly payment to Ukraine from a €50 billion ($55 billion) support fund on Tuesday.…
Business
Pakistan reaches new $7 billion loan deal with IMF
Pakistan has reached a staff-level agreement for a new $7 billion loan deal, the International Monetary Fund said Friday, the country's…
Business
Strathcona Plans $1.5 Billion Oil-Sands Carbon-Capture Projects
(Bloomberg) -- Canadian driller Strathcona Resources Ltd. is planning as much as C$2 billion ($1.5 billion) in projects to capture carbon…
Business
China’s EV Makers Got $231 Billion Aid Over 15 Years, Study Says
(Bloomberg) -- China’s electric vehicle industry received at least $231 billion in government subsidies and aid from 2009 through to the…
Business
Malaysia targets over $100 billion in semiconductor industry investment
KUALA LUMPUR (Reuters) -Malaysia is targeting at least 500 billion ringgit ($107 billion) in investment for its semiconductor industry,…
Business
Pakistan says United Arab Emirates to invest $10 billion in Pakistan
ISLAMABAD (AP) — The Pakistani government said Thursday that the United Arab Emirates committed to investing up to $10 billion in Pakistan…