Culture
Merck nears US$10 billion deal for London-based lung therapy firm Verona, FT reports
Merck is nearing a US$10 billion deal to buy lung diseases focussed Verona Pharma, as the US drugmaker is eyeing deals to offset the…
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Culture
DBS, Singtel help lift Temasek’s portfolio to record S$434 billion
Temasek posted a record net portfolio value (NPV) of S$434 billion for the financial year ended Mar 31, driven by the strong performance…
Culture
HSBC expands UK wealth bet in race to £100 billion asset goal
HSBC Holdings is ramping up growth plans for its UK wealth-management operations as Europe’s largest bank seeks to double the assets it…
Culture
SpaceX valuation to hit around US$400 billion in share sale
SpaceX is discussing plans to raise money and sell insider shares in a deal that would value Elon Musk’s rocket and satellite maker at…
Culture
India’s small traders lose US$12 billion in equity derivatives
Mom-and-pop traders lost a combined US$33 billion over the four years through March Individuals in India lost over US$12 billion trading…
Culture
Tesla short sellers set to pocket about US$1.4 billion in profits after stock slump
Tesla’s shares fell 7.5% at US$291.50, having lost more than 21% so far this year Traders are set to make about US$1.4 billion in paper…
Culture
Apple supplier Lens Technology said to price HK$4.8 billion Hong Kong listing at top of range
The company joins the growing wave of China-listed companies seeking to go public in the city Apple supplier Lens Technology has raised…
Culture
Nissan to sell 150 billion yen convertible bonds for recovery
Nissan Motor plans to sell 150 billion yen (S$1.3 billion) of convertible bonds to help fund new chief executive officer Ivan Espinosa’s…
Culture
Germany’s 34.1 billion euros pension gives mandate to China stock fund
A German pension fund has tapped a Chinese firm’s Hong Kong arm to help it invest in local stocks, in a rare move among global allocators…
Culture
Taiwan stock ETFs lead inflows in Asia with US$19 billion haul
Traders are swarming to equity-focused, exchange-traded funds (ETFs) listed in Taiwan, with demand from retail investors and a strong…
Culture
Hong Kong IPO frenzy sets sights on record HK$250 billion fundraising for 2025
HONG Kong’s sizzling initial public offering (IPO) market is prompting the Big Four accounting firms to sharply raise their fundraising…
Culture
Airbus inks US$20 billion Malaysia jet deals on Anwar trade trip
Malaysia’s biggest airlines sealed Airbus deals worth US$20 billion as Prime Minister Anwar Ibrahim wrapped up his European tour. AirAsia…
Culture
Wealth fund KIA said to be seller of HK$26.8 billion AIA stake
The Kuwait Investment Authority (KIA) was the undisclosed shareholder behind the HK$26.8 billion (S$4.3 billion) sale of a stake in…
Culture
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…
Culture
Thakral’s GemLife debuts on Australian bourse with A$1.65 billion market cap
It ends first day of trading up 4.1% at A$4.33, with 9.12 million stapled securities transacted Thakral Corporation’s investee company in…
Culture
Visa, Mastercard race to tame a US$253 billion crypto threat
A turf war is breaking out in the vast world of digital payments – and the incumbents are suddenly on defence. Tech firms and crypto…
Culture
Alibaba offers 50 billion yuan of subsidies to defend turf in China
The world’s second-largest economy’s e-commerce leader is facing growing challenges from up-and-comers such as PDD Holdings Alibaba Group…
Culture
Two Chinese chip firms plan 12 billion yuan IPOs, bet US export curbs to spur growth
Two Chinese artificial intelligence chip startups are seeking to raise a combined 12 billion yuan (S$2.1 billion) in initial public…
Culture
Prudential commences third tranche of US$2 billion share buyback scheme
Asia-focused insurer Prudential on Tuesday (Jul 1) announced the commencement of the third and final tranche of its US$2 billion share…
Culture
Standard Chartered faces US$2.7 billion lawsuit over alleged role in 1MDB fraud; bank ‘emphatically rejects’ claims
Liquidators seeking to recoup misappropriated funds from Malaysia’s sovereign wealth fund 1Malaysia Development Berhad (1MDB) have…
Culture
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…
Culture
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…
Culture
Apple supplier Lens Technology seeks up to HK$4.8 billion in Hong Kong listing
The Shenzhen-listed company expects the shares to start trading in Hong Kong on Jul 9 Lens Technology, a supplier to Apple, is seeking to…
Culture
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…