Culture
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…
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Billion
Culture
Tencent Music to buy Chinese audio platform Ximalaya for US$2.4 billion
Ximalaya counts Tencent, Baidu and Sony Group’s music entertainment unit as backers Chinese music platform Tencent Music Entertainment…
Culture
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…
Culture
Qualcomm strengthens AI portfolio with US$2.4 billion Alphawave deal
US chipmaker Qualcomm agreed to acquire Alphawave for about US$2.4 billion on Monday (Jun 9), as it expands into the booming AI data…
Culture
DBS tops US$100 billion market value in Singapore Exchange first
DBS Group Holdings became the first listed company in Singapore to top US$100 billion in market value, helped by a softer US currency that…
Culture
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…
Culture
UBS’s US$26 billion capital hit isn’t quite as bad as it seems
THE US$26 billion headline capital charge to protect Swiss taxpayers from the risk that UBS Group ever fails is worse than anyone…
Culture
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),…
Culture
Modi launches US$5.4 billion rail project in Jammu and Kashmir
India’s Prime Minister Narendra Modi inaugurated the world’s tallest railway bridge connecting the restive Kashmir valley with the rest of…
Culture
Trump-Musk row slams Tesla shares, US$150 billion in market value wiped out
TESLA shares went into free-fall on Thursday as President Donald Trump publicly feuded with the electric vehicle maker’s billionaire CEO…
Culture
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
Israel arms exports reached record $14.7 billion in 2024
Israeli arms exports reached a new record last year despite the ongoing war in Gaza. The Israeli Defence Ministry said exports topped…
Culture
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
There May Be Several More Billion Humans on Earth Than We Thought
We could be severely undercounting the number of humans living on Earth, researchers suggest. While the United Nations has determined that…
Culture
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,…
Culture
Merck held talks to buy biotech MoonLake for over US$3 billion: FT
K has held talks to buy Swiss biotech MoonLake Immunotherapeutics for more than US$3 billion, the Financial Times reported on Monday,…
Culture
Saudi Aramco could tap debt markets again after US$5 billion bond sale
Saudi Aramco has published a new prospectus for its issuance programme of Islamic bonds or sukuk, signalling the state oil major may soon…
Culture
Olam secures US$1.85 billion loan
The first tranche is a US$1.6 billion conventional loan, while the remaining US$250 million will be issued as an Islamic loan Agribusiness…
Culture
China's central bank injects 700 billion yuan of outright reverse repos in May
Market participants are closely watching for signals on when the PBOC will resume purchases of its own government bonds China’s central…
Culture
India bank frauds triple to 360 billion rupees as credit scams swell
The rise in cases underscores the challenges being faced by the banking regulator Bank frauds in India jumped threefold last year, with…
Culture
NTT Docomo to buy SBI’s net bank for 420 billion yen in cutthroat market
The move is part of a capital alliance between the state-backed telecom group and SBI Holdings Docomo is buying SBI Holdings’ online bank…
Culture
NTT Docomo to buy SBI’s online bank for 420 billion yen in cut-throat market
NTT Docomo is buying SBI Holdings’ online bank in a 420 billion yen (S$3.7 billion) deal to shore up the Japanese mobile carrier’s…
Culture
Vietnam’s AI ambitions hinge on one US$6.8 billion tech company
Four decades ago, Truong Gia Binh set up a technology company using a single computer in a room loaned by his then-father-in-law, general…
Culture
Top Thai wind power firm to fund 65 billion baht of spending with IPO
Thailand’s largest wind power producer plans to spend 65 billion baht (S$2.6 billion) to almost triple its generation capacity over the…