Business
Meta’s backstop is linchpin for US$26 billion AI data-centre deal
When Meta Platforms turned to lenders to secure US$26 billion in debt funding for the construction of a sprawling new data centre, one key…
Tag
Billion
Lifestyle
If you win the $2 billion Powerball, here’s where you could travel in ultimate luxury
Like millions of others, I’ve been swept up in the frenzy of the nearly $2 billion Powerball jackpot. I don’t normally buy lottery…
Business
BlackRock to run US$80 billion for Citi as bank refocuses wealth unit
The move highlights a growing trend among big banks to partner with specialist asset managers Citigroup said on Thursday (Sep 4) it will…
Business
Revolut begins secondary share sale at US$75 billion valuation
The deal will cement the company’s status as one of the most valuable fintechs on the planet Revolut has kicked off a process for some…
Business
TikTok owner ByteDance sets valuation at over US$330 billion as revenue grows: sources
ByteDance, the owner of short-video app TikTok, is set to launch a new employee share buyback that will value the Chinese technology giant…
Business
AT&T to buy wireless spectrum licences from EchoStar for US$23 billion
AT&T said on Tuesday (Aug 26) it will purchase key wireless spectrum licences from EchoStar for about US$23 billion, as the US telecom…
Politics
South Korea bets US$150 billion on reviving troubled US shipbuilding to woo Trump
South Korean President Lee Jae-myung is leaning on promises to “Make America Shipbuilding Great Again” during his first official US trip,…
Business
Asia’s US$306 billion of global bond sales are about to go higher
More Asian borrowers are considering bond offerings, extending a stretch of sales that has already jumped to the most since 2021 at US$306…
Politics
Trump weighs using US$2 billion in Chips Act funding for critical minerals, sources say
THE Trump administration is considering a plan to reallocate at least US$2 billion from the Chips Act to fund critical minerals projects…
Business
Guess to go private in US$1.4 billion deal with Authentic Brands, co-founders and CEO
Guess said on Wednesday (Aug 20) it has agreed to be taken private by a group, including its co-founders, CEO and Reebok-owner Authentic…
Business
CapitaLand Investment to advise Malaysian developer Astaka on retail strategy for RM1.2 billion Johor development
The project is expected to benefit from the formation of the Johor-Singapore Special Economic Zone CapitaLand Investment (CLI) will…
Business
OpenAI staffers to sell US$6 billion in stock to SoftBank, other investors
Current and former OpenAI employees plan to sell approximately US$6 billion worth of shares to an investor group that includes Thrive…
Business
Shein’s UK sales surge to £2.1 billion in 2024, boosting profits as IPO looms
Shein’s British business made £2.1 billion (S$3.7 billion) in sales in 2024, a 32.3 per cent increase from the previous year, a filing by…
Business
How Nippon Paint tycoon Goh Cheng Liang grew his empire to a US$13 billion fortune
Singapore’s richest man Goh Cheng Liang, who died this week, kept a low profile for years compared with his other billionaire…
Business
Telstra logs higher annual profit, announces A$1 billion buyback
Australian telecom firm Telstra Group forecast higher operating earnings for fiscal 2026 and reported a 31 per cent rise in its fiscal…
Politics
Apple to pledge US$100 billion for US manufacturing: White House official
Apple will announce a domestic manufacturing pledge of US$100 billion on Wednesday (Aug 6) that will focus on bringing more manufacturing…
Business
Carro targets US IPO with over US$3 billion valuation: sources
Singapore-based Carro, South-east Asia’s largest used-car online marketplace, is preparing for a US initial public offering as early as…
Business
Uber boosts buybacks by US$20 billion after upbeat forecast
Uber Technologies announced US$20 billion in new stock buybacks after sharing a better-than-expected third-quarter forecast and quarterly…
Business
Apollo draws US$61 billion in record quarter, but less from wealth
Apollo Capital Management reported record earnings from fees in the second quarter, driven by a boost in lending activity and a bump in…
Business
The AI race has big tech spending US$344 billion this year
If there’s any lesson to take from the spending plans issued by the world’s largest technology companies over the past two weeks, it’s to…
Business
CHAN 2024: Samia Suluhu promises 1 billion to the Tanzanian national team
CHAN 2024: Samia Suluhu promises 1 billion to the Tanzanian national team On the occasion of CHAN 2024, hosted in East Africa, Tanzanian…
Business
Bank of England rate cuts deliver £11 billion hit to households
Exactly one year since the Bank of England (BOE) started to cut interest rates, the pressure on households from the highest borrowing…
Business
China polysilicon firms plan 50 billion yuan fund to shut a third of industry capacity
Chinese producers of polysilicon, a building block for solar panels, are in talks to create a 50 billion yuan (S$8.9 billion) fund to…
Business
Meta to share AI infrastructure costs via US$2 billion asset sale
Meta Platforms is pressing ahead with efforts to bring in outside partners to help fund the massive infrastructure needed to power…