Culture
StanChart Singapore’s H1 profit climbs 12.4% to nearly S$1 billion
The rise in earnings comes amid a boost in fee and commission income, as well as forex income Standard Chartered (StanChart) Singapore’s…
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Culture
Fading Labubu frenzy wipes US$13 billion from Pop Mart shares
Despite the slide, the Chinese toymaker is still up more than 180% year-to-date and remains the top performer on the Hang Seng Index The…
Culture
Brookfield in talks to buy Yes! Communities from Singapore’s GIC in US$10 billion deal, FT reports
Brookfield Asset Management is in talks to buy Yes! Communities, a US landlord of manufactured homes, from Singaporean sovereign wealth…
Culture
Busiest IPO week since 2021 mints US$4 billion for 6 newcomers
The initial public offering (IPO) market kicked into high gear this week, with sextet of deals raising more than US$4 billion in the…
Culture
CapitaLand Commercial C-Reit’s public offer 535 times subscribed; 2.29 billion yuan raised from its Shanghai IPO
CapitaLand Investment, CapitaLand China Trust and CapitaLand Development collectively hold 20% of IPO units The public tranche of the…
Culture
Saudi oil giant Aramco raises US$3 billion from Islamic bonds
Saudi Aramco, the world’s biggest oil company, raised US$3 billion from a sale of Islamic bonds, a term sheet showed on Thursday (Sep 11),…
Business
Ukraine's strikingly cost-efficient drones are getting the $7 billion boost they need for mass production
Europe says it's investing $7 billion into Ukraine's increasingly famed drone industry. It comes after Ukraine's defense minister…
Culture
Singapore’s tax revenue up 10.7% at S$88.9 billion in FY2024/25 on robust growth and higher consumption
Corporate tax takings rise 6.7% to S$30.9 billion and remain the largest contributor The Inland Revenue Authority of Singapore (Iras)…
Culture
Singapore’s tax revenue up 10.7% at S$88.9 billion in FY2025 on robust growth and higher consumption
Corporate tax takings rise 6.7% to S$30.9 billion and remain the largest contributor The Inland Revenue Authority of Singapore (Iras)…
Culture
Alibaba seeks US$3.17 billion in 2025’s biggest convertible issue
The company is raising the funds for purposes including scaling up its data centres, upgrading technology and expanding international…
Business
Knesset to vote on NIS 30 billion increase in defense budget, making cuts to other ministries
Israel’s 2025 budget vote will boost defense by NIS 30b, with haredi MKs set to abstain, leaving the tied coalition hoping the measure…
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 A group led by BlackRock’s…
Culture
AI infrastructure company Nebius to raise US$3 billion to fuel growth
Nebius Group said on Wednesday (Sep 10) it would raise US$3 billion to fuel growth in its core artificial intelligence cloud business, on…
Culture
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 Chinese electric-vehicle maker Nio…
Culture
Centurium considers stake sale in US$6 billion Taibang Biologic: sources
Chinese private equity firm Centurium Capital is considering selling its stake in Taibang Biologic Group, people familiar with the matter…
Culture
Ellison rivals Musk as world’s richest man with US$70 billion gain
Larry Ellison is closing in on Elon Musk for the title of the world’s richest person. His fortune soared US$70 billion after Oracle…
Culture
ASML invests 1.3 billion euros on Europe’s AI champion Mistral
The deal provides Mistral with a major injection and makes it one of Europe’s most valuable private companies ASML Holding is investing…
Culture
China derivatives fuel 36% surge in SGX trading volume to 31.8 billion units in August
Value traded up 17% at S$33.6 billion; bourse operator cites global institutions tapping China-access derivatives to manage risk across…
Culture
Ant digital arm puts 60 billion yuan energy assets on its blockchain
The firm has so far completed financing for three clean energy projects using this approach, raising about 300 million yuan in total for…
Culture
Microsoft signs Nebius cloud deal worth up to US$19.4 billion
The Redmond, Washington-based company is focused on building new data centres and equipping them with expensive servers and networking…
Culture
Cosco Shipping Holdings and Orient Overseas (International) could be hit by over US$2.1 billion in US port fees: HSBC
This could erode 74% and 65% of consensus Ebit margin forecast for FY2026 for Cosco Shipping Holdings and Orient Overseas (International),…
Culture
Alibaba is No 1 for China traders ploughing HK$13.5 billion in stock
Renewed optimism over Alibaba Group Holding’s potential in artificial intelligence has turned the stock into Chinese investors’ favourite…
Culture
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…
Business
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…