Business
Unnamed AIA Group shareholder is said to sell HK$26.8 billion stake
An undisclosed AIA Group shareholder sold a HK$26.8 billion (S$4.4 billion) stake in the insurer via block trades, according to people…
Tag
Billion
Business
Boeing’s US$4.7 billion Spirit deal faces UK antitrust probe
The probe will determine if the deal raises the risk of substantial lessening of competition in the UK Boeing’s US$4.7 billion deal to buy…
Business
UBS kicks off share buyback programme of up to US$2 billion
Group is launching a programme to repurchase as much as US$2 billion worth of its own shares, it said in a release on Monday (Jun 30). The…
Business
CATL breaks ground on US$6 billion Indonesia battery venture
world’s top maker of electric-vehicle batteries broke ground on a US$6 billion battery material ecosystem in Indonesia as the government…
Business
Nvidia insiders sell over US$1 billion in stock amid market surge
The chipmaker’s stock hit a record on Jun 25, and it reclaimed the crown as the world’s most valuable company IA insiders sold over US$1…
Business
Billionaire Michael Dell reaps US$1.2 billion from stock sale
Dell Technologies chief executive Michael Dell sold US$1.2 billion worth of shares in his namesake computer company, reducing his stake by…
Business
Meta seeks US$29 billion from private capital firms for AI data centres, FT reports
Meta Platforms is seeking to raise US$29 billion from private capital firms to build artificial intelligence (AI) data centres in the US,…
Politics
Wealthy Silicon Valley investors in line for US$17 billion windfall in US senate Republican tax Bill
Silicon Valley’s favourite tax break may be getting an upgrade. Venture capitalists, along with successful tech founders and early startup…
Business
Cold chain market in Middle East and North Africa expected to hit $41.1 billion by 2030
BCC Research has recently released the “Cold Chain Regional Analysis Market: Middle East and North Africa(MENA)” market analysis. Based on…
Politics
Senate hearing with Trump budget chief highlights potential changes to $9.4 billion cuts package
Senate Republicans on Wednesday forced the White House budget chief to defend parts of a $9.4 billion package of Trump-requested spending…
Business
Amazon Just Bet $4 Billion on South Korea's AI Boom -- Here's Why It Could Be a Game-Changer
Amazon Web Services (NASDAQ:AMZN) and SK Group are teaming up to build what could become South Korea's most powerful AI infrastructure…
Business
Abu Dhabi state oil firm makes US$18.7 billion bid for Australia’s Santos
Abu Dhabi’s state-owned oil company is leading a takeover bid for Australian energy group Santos, valuing it at US$18.7 billion, the two…
Business
Nippon Steel shares rise after Trump approves US$14.9 billion US Steel bid
Nippon Steel shares rose on Monday after US President Donald Trump approved its US$14.9 billion bid for US Steel, clearing a key hurdle in…
Business
Meta's US$14.8 billion Scale AI deal latest test of AI partnerships
Facebook owner Meta’s US$14.8 billion investment in Scale AI and hiring of the data-labeling startup’s chief executive officer will test…
Business
Alibaba movie unit’s pivot, rebrand bring US$2 billion value gain
DAMAI Entertainment Holdings, formerly Alibaba Pictures Group, is shifting its focus from movies production to faster-growing…
Business
Netflix to invest 1 billion euros in Spain productions to 2029
streaming giant Netflix said on Tuesday (Jun 10) it was going to invest more than 1 billion euros (S$1.47 billion) in productions in…
Business
Grab denies reports of US$7 billion GoTo acquisition
SOUTHEAST Singapore-based ride-hailing and delivery company Grab said on Monday it was not in any talks on a potential deal with smaller…
Business
Meta in talks for scale AI investment that could top US$10 billion
Meta Platforms is in talks to make a multibillion-dollar investment into artificial intelligence startup Scale AI, according to people…
Business
Stonepeak said to be in exclusive talks for RM9 billion buyout of Yinson
EPEAK Partners is in exclusive talks for a buyout of Yinson Holdings that may value the firm at as much as RM9 billion (S$2.73 billion),…
Business
Stablecoin issuer Circle raises US$1.05 billion in upsized US IPO
CIRCLE Internet on Wednesday (Jun 4) priced its upsized US initial public offering (IPO) at US$31 apiece, raising US$1.05 billion, adding…
Business
Petronas is said to weigh sale of US$7 billion Canada business
Lower oil prices have hit the company, which reported a slide of more than 30% in net income in 2024 and announced job cuts that will…
Business
Ping An Insurance raises US$1.5 billion from convertible bonds
Ping An Insurance (Group) of China has sold HK$11.8 billion (S$1.9 billion) in bonds that can be converted into shares listed in Hong…
Business
Memecoin platform Pump.fun pursues US$1 billion token sale
A platform dedicated to highly speculative cryptoassets is planning to raise US$1 billion by selling tokens, taking advantage of the…
Business
Temasek’s Mapletree Investments returns to profit, hits record AUM of S$80.3 billion in FY2025
Temasek’s Mapletree Investments reversed a loss from the previous year to turn a profit of S$227.2 million for the full-year ended Mar 31,…