Culture
Nvidia AI chips worth US$1 billion entered China despite US curbs: FT
Nvidia’s advanced artificial intelligence chips worth at least US$1 billion were smuggled to China in the three months after Washington…
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Billion
Culture
Sri Lanka orders Singapore shipowner to pay US$1 billion over marine disaster
The shipping firm initially paid US$7.85 million for the immediate cleanup and as compensation for fishermen who were deprived of their…
Culture
MPACT to dispose two office buildings in Japan for 8.7 billion yen
The move is not expected to have a material impact on the trust’s net asset value as at Mar 31, 2026 Mapletree Pan Asia Commercial Trust…
Culture
Lockheed Martin's Q2 profit plummets on US$1.6 billion charge
Lockheed Martin reported on Tuesday (Jul 22) that its second-quarter profit plunged by about 80 per cent, after the US defence giant…
Culture
Trump Media buys US$2 billion in Bitcoin for crypto treasury plan
Trump Media & Technology Group, the firm behind Truth Social, has acquired about US$2 billion in Bitcoin and related securities as part of…
Business
Companies pledge to invest over $700 billion in Germany over the next 3 years
BERLIN (AP) — A group of dozens of companies pledged Monday to invest at least 631 billion euros ($733 billion) in Germany over the next…
Culture
Stellantis expects US$2.7 billion first half loss as restructuring costs, US tariffs hit
Stellantis said on Monday (Jul 21) it expected the hit from restructuring costs and the initial impact of US tariffs to have pushed the…
Culture
MAS appoints first 3 asset managers to inject initial S$1.1 billion into Singapore equities
Temasek-backed Fullerton Fund Management will be among the first of three asset managers to tap a S$5 billion investment fund initiative…
Culture
China venture capital funds tap global investors for US$2 billion in comeback
China’s largest venture capital houses are tapping the market for at least US$2 billion in new funds, re-engaging with the country’s…
Culture
Warburg Pincus-backed data centre operator Princeton Digital bags US$1.3 billion from Stonepeak
Warburg Pincus-backed Princeton Digital Group announced on Friday (Jul 18) that it secured US$1.3 billion in funding from Stonepeak, a…
Culture
Volvo Car posts US$1 billion loss over impairment, tariffs
The automaker’s retail sales plunged 12% to 181,600 vehicles in the second quarter Volvo Car posted a US$1.03 billion operating loss in…
Culture
Haagen-Dazs maker prices debt for 4.4 billion euros payout to owners
Froneri International, the maker of Haagen-Dazs ice cream, is wrapping up commitments for a debt deal to help fund one of the largest…
Culture
SMFG said to eye US$1.1 billion additional investment in Yes Bank: sources
The fresh investment would bring the total amount to US$2.7 billion, giving SMFG a roughly 25% stake in Yes Bank Sumitomo Mitsui Financial…
Culture
China clears Synopsys’s US$35 billion Ansys buyout in US win
Following Beijing’s decision, the company has cleared one of the last major hurdles to a deal to intended to shore up its market position…
Culture
SpaceX to invest US$2 billion in Musk's xAI startup
SpaceX has committed US$2 billion to xAI as part of a US$5 billion equity round, deepening the ties between tech billionaire Elon Musk’s…
Culture
Kraft Heinz explores grocery business spinoff worth up to US$20 billion: source
[Bengaluru] Kraft Heinz is studying a potential spinoff of a large chunk of its grocery business, including many Kraft products, into a…
Culture
Indonesia detains Trafigura employee in US$17 billion graft case
Indonesia has detained an employee of Trafigura Group along with seven other suspects in a case involving oil procurement by state-owned…
Culture
Alibaba risks deepening US$100 billion rout as turf war heats up
A protracted battle in China’s food-delivery market has chopped US$100 billion in market value from Alibaba Group Holding, with no end in…
Culture
US Justice Department to allow T-Mobile’s US$4.4 billion acquisition of UScellular
antitrust enforcers greenlit T-Mobile’s US$4.4 billion acquisition of UScellular on Thursday, the latest deal blessed by the Trump…
Culture
Temasek sees more opportunities in Europe after investing S$10 billion in the region last year
Singapore’s state investor Temasek sees growing investment opportunities in Europe as the impact of trade tensions on the economic climate…
Culture
ESIM platform Airalo raises US$220 million in new funding round, lifts valuation past US$1 billion
Company says this makes it the industry’s first unicorn; latest financing includes new investor CVC Airalo, an eSIM platform, has raised…
Culture
Glencore JV in talks to buy Exxon's 59 Singapore petrol stations worth US$1 billion
The sale would allow the American oil major to deploy more capital in areas of higher growth potential — Aster Chemicals and Energy, a…
Culture
Nissan poised to offer record-high coupon in US$4 billion bond sale
Nissan Motor is expected to sell some of its upcoming US$4 billion foreign-currency bonds at a record-high coupon, piling more pressure on…
Culture
AI chip startup Groq discusses US$6 billion valuation, The Information reports
semiconductor startup Groq has spoken to investors about raising between US$300 million and US$500 million at a US$6 billion…