Culture
BlackRock gets US$10 billion financing for Aramco deal: sources
The majority of the financing is a seven-year loan facility, which could later be refinanced in the bond market[RIYADH] A group led by BlackRock’s Global Infrastructure Partners (GIP) unit...
US: S&P 500, Nasdaq hit record highs on boosted rate-cut bets
[NEW YORK] The S&P 500 and the Nasdaq hit intraday record highs at the open on Wednesday (Sep 10), after cooler-than-expected producer inflation data boosted bets on interest-rate cuts...
AI infrastructure company Nebius to raise US$3 billion to fuel growth
[LONDON] Nebius Group said on Wednesday (Sep 10) it would raise US$3 billion to fuel growth in its core artificial intelligence cloud business, on the heels of its US$17.4-billion...
mm2 Asia’s Malaysia unit settles dispute with landlord over unpaid rent, other charges
[SINGAPORE] A Malaysian unit of beleaguered entertainment group mm2 Asia has settled a dispute with its landlord, Hektar Real Estate Investment Trust, over unpaid rent and other charges for...
Del Monte Pacific swings into the black in Q1 with US$5.5 million net profit
This is due to higher sales from both the company’s domestic market in the Philippines and international markets[SINGAPORE] Canned-food brand Del Monte Pacific has returned to the black with...
Nio plans US$1 billion share sale to fund EV growth
The Shanghai-based EV maker will sell as many as 181.8 million new shares at HK$42.86 to HK$44.46 each[HONG KONG] Chinese electric-vehicle maker Nio plans to raise about US$1 billion...
Oracle expects half a trillion dollars in booked cloud orders, stock rises 27%
[NEW YORK] Oracle said on Tuesday (Sep 9) that it expects booked revenue at its Oracle Cloud Infrastructure (OCI) business to exceed half a trillion dollars, boosted by growing...
Frasers Property’s emerging markets chief to take on additional role of Thailand CEO
Lim Hua Tiong is set to replace Thanapol Sirithanachai, who will continue to serve on the board[SINGAPORE] Frasers Property’s emerging markets chief executive Lim Hua Tiong will take on...
Centurium considers stake sale in US$6 billion Taibang Biologic: sources
[HONG KONG] Chinese private equity firm Centurium Capital is considering selling its stake in Taibang Biologic Group, people familiar with the matter said.
Centurium has been sounding out potential buyers,...
mm2 Asia scraps stake sale; PE fund to take 29% of Vividthree stake in direct share deal instead
As a result of the new share placement, controlling shareholder mm2 Asia’s stake in Vividthree will be diluted to 23%[SINGAPORE] Vividthree Holdings will see private equity fund Hildrics Asia...
Johor fastest-growing South-east Asian data centre hub; Singapore expansion remains ‘constrained’
The city-state’s ‘strict planning controls’ are leading global tech firms to look north: Knight Frank report[SINGAPORE] Johor is the fastest-growing data centre hub in South-east Asia, with aggregate supply...
