Fashion
JPMorgan plans US$4 billion US gold delivery amid tariff fears
JPMorgan Chase will deliver gold bullion valued at more than US$4 billion against futures contracts in New York in February, at a time…
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Culture
India central bank injects US$5.10 billion via FX swap to ease cash crunch
INDIA’S central bank injected US$5.10 billion through a foreign-exchange swap auction, using the tool for the first time in five years to…
Culture
DBS signs mandates for Singapore listings with potential valuations of US$1 billion
DBS, South-east Asia’s biggest bank, has several listings lined up for the Singapore market, including some potential blockbusters with…
Fashion
Singtel’s Optus secures A$1.95 billion in credit facility with 12 banks
SINGTEL’S Australian subsidiary, Optus, has inked a A$1.95 billion (S$1.64 billion) committed revolving credit facility with 12 banks to…
News
SoftBank in Talks to Invest Up to $25 Billion in OpenAI
OpenAI, the San Francisco artificial intelligence company that has been on a yearslong money-raising frenzy, is in talks with the Japanese…
Culture
Sanofi plans 5 billion euro buyback, sees higher profit growth
SANOFI said it will repurchase five billion euros (S$7 billion) of stock and grow profits more quickly this year as the drugmaker pivots…
News
The $8 Billion Children’s Vaccine Fund Kennedy Would Oversee
When President Bill Clinton worked with a bipartisan Congress to enact a federal program to guarantee vaccines for poor children, they…
Culture
World’s richest people lose US$108 billion after DeepSeek selloff
The world’s 500 richest people, led by Nvidia Corp co-founder Jensen Huang, lost a combined US$108 billion on Monday (Jan 27) as a…
Culture
World’s richest people lose US$108 billion after DeepSeek sell-off
The world’s 500 richest people, led by Nvidia co-founder Jensen Huang, lost a combined US$108 billion on Monday (Jan 27) as a tech-led…
News
Inside the $32 Billion Industry Transforming Marijuana
An email obtained by The Times shows that one committee leader, Representative Sharon Wylie, a supporter of the industry, shared a draft…
News
Meta to Increase Spending to $65 Billion This Year in A.I. Push
Mark Zuckerberg spent all of 2024 telling investors that artificial intelligence would be key to the future of his company, Meta. In 2025,…
Fashion
Meta to spend up to US$65 billion this year to power AI goals, Zuckerberg says - The Business Times
META Platforms plans to spend between US$60 billion and US$65 billion this year to build out AI infrastructure, CEO Mark Zuckerberg said…
Fashion
LNG firm Venture Global gets US$1.75 billion in year’s biggest IPO - The Business Times
VENTURE Global raised US$1.75 billion in its initial public offering (IPO), pricing its shares in the middle of a marketed range. The…
Culture
Hong Kong’s CKI is said to weigh sale of UK’s £4 billion Eversholt Rail - The Business Times
CK INFRASTRUCTURE (CKI) is evaluating options for Eversholt Rail, including a possible sale that may value the British rolling stock…
Culture
Cartier appeal helps Richemont reach 100 billion Swiss francs market value - The Business Times
SWISS luxury conglomerate Richemont’s stock market value surpassed 100 billion Swiss francs (S$149.2 billion) for the first time,…
Culture
Databricks caps US$15 billion fundraise with Meta as new investor - The Business Times
DATABRICKS, one of the world’s most valuable privately held tech companies, said on Wednesday (Jan 23) that it has raised more than US$15…
Culture
ByteDance plans US$20 billion capex in 2025, mostly on AI: sources - The Business Times
BYTEDANCE, the Chinese owner of TikTok, has earmarked over 150 billion yuan (S$27.9 billion) in capital expenditure for this year, much of…
Fashion
SoftBank, OpenAI plan US$19 billion each for Stargate: report - The Business Times
SOFTBANK Group and OpenAI each plan to commit US$19 billion of capital to Stargate, the US$100 billion US artificial intelligence (AI)…
Fashion
KKR combines US$157 billion infrastructure, real estate businesses - The Business Times
KKR is moving its infrastructure and real estate assets under the same leadership as it looks to capitalise on converging opportunities…
News
Divvy Homes, Once Valued at $2 Billion, Is in Talks to be Sold for Parts
Divvy Homes, a Silicon Valley-backed company that promised an alternative path to homeownership for consumers of modest means, is in talks…
Fashion
Microsoft relaxes data centre grip on OpenAI amid US$500 billion joint venture - The Business Times
MICROSOFT on Tuesday (Jan 21) said it has changed some key terms of a deal with OpenAI after the ChatGPT creator announced a joint venture…
Culture
Indonesia fines Google 202 billion rupiah for unfair business practices - The Business Times
INDONESIA’S antitrust agency on Tuesday (Jan 21) ordered Google to pay fines about 202 billion rupiah (S$16.8 million) for unfair business…
Culture
GuocoLand bags S$1.2 billion in green loans
One of the two facilities is the group’s largest to date, and will be used to refinance its latest integrated mixed development GuocoLand…
Culture
DBS to redeem US$1 billion of 3.3% perpetuals on Feb 27
DBS on Friday (Jan 10) announced that it will redeem all US$1 billion of its 3.3 per cent perpetual capital securities on Feb 27, the…