Culture
Revolut’s valuation hits US$75 billion as it completes fundraising
Digital bank Revolut has concluded fundraising – comprising secondary share sales for employees and fresh capital – bringing its valuation…
Tag
Billion
Culture
Dubai property frenzy sets developers on a US$6 billion debt spree
From Islamic bonds to private credit, they ride one of the Gulf country’s longest real estate booms in years Property developers in the…
Culture
Singapore court clears way for US$2.7 billion suit against Stanchart in 1MDB scandal-linked claim
Claims involve alleged US$150 million deposit to Najib Razak and millions for Rosmah’s bags and jewellery The Singapore High Court has…
Culture
Macquarie Asset Management offers US$7.5 billion for logistics firm Qube
The Australian logistics and shipping-containers’ operations span container leasing, car and grain cargo terminals, and road and rail…
Culture
Foxconn-Nvidia US$1.4 billion Taiwan supercomputing cluster to be ready by H1 2026, Foxconn says
Apple’s top iPhone assembler has been expanding beyond electronics into electric vehicles and AI data centres Foxconn said on Friday (Nov…
Culture
Maybank Q3 profit up 3.3% at RM2.62 billion
Maybank’s net profit for the third quarter ended Sep 30 rose 3.3 per cent to RM2.62 billion (S$828 million), from RM2.54 billion in the…
Culture
Maybank Q3 profit up 3.3% at RM2.6 billion
Maybank’s net profit for the third quarter ended Sep 30 rose 3.3 per cent to RM2.62 billion (S$828 million), from RM2.54 billion in the…
Culture
Indonesia’s US$52 billion fund to invest 5% of assets abroad
The plan marks a key shift for BPJS TK has outgrown Indonesia’s shallow capital markets Indonesia’s largest social security fund is poised…
Business
Fact Check: NO EVIDENCE Zelenskyy Invested $500 Million, $1.5 Billion 'Of His Own Money' In Ski Resort In Western Ukraine -- Project's Developer Denies His Involvement
Did President of Ukraine Volodymyr Zelenskyy invest $500 million or $1.5 billion "of his own money" in "a ski resort in Western Ukraine"?…
Culture
Wilmar China unit found guilty of contract fraud, liable for 1.88 billion yuan in losses; looks to appeal judgement
It has been previously sued as an ‘accomplice’ in contract fraud related to palm oil trades A subsidiary of Wilmar International has been…
Culture
Hyundai’s US$26 billion investment plan in the US to continue despite immigration raid, says CEO
Automotive giant Hyundai’s plan to invest US$26 billion in the US between 2025 to 2028 will continue as planned. This is even after its…
Fashion
Lauren Ratner's World: Life as the Marketing It Girl, Building a $1 Billion Beauty Brand With Hailey Bieber, and Her Capsule Wardrobe
Step into the universe of the coolest creatives in the fashion industry with our seriesMy World, where readers will discover how the top…
Culture
J&J to buy Halda Therapeutics in US$3.05 billion cash deal
Johnson & Johnson has agreed to buy the cancer treatment biotech Halda Therapeutics for US$3.05 billion cash, part of a strategy to cope…
Culture
Amazon seeks US$12 billion from first US bond sale in three years
Amazon.com is seeking to raise about US$12 billion through a debt offering – its first such deal in US dollars in about three years – amid…
Culture
Sea announces first-ever share buyback of up to US$1 billion
The timing and amount of the buybacks will be determined on market conditions and other factors, says company Consumer Internet company…
Culture
US sanctions propel Chinese AI prodigy to US$23 billion fortune
In 2019, Chen Tianshi was a long way from becoming one of the wealthiest people on the planet. The largest customer for his three-year-old…
Culture
Samsung plans US$310 billion investment to power AI expansion
Five-year investment package includes plans to build a new semiconductor facility designed to meet the needs of memory-chip demands South…
Culture
Korean conglomerates pledge US$464 billion of domestic investment
A trade deal with the US sparked concerns over low domestic investment and the nation’s currency Samsung Electronics, Hyundai Motor Group…
Culture
Buffett acquires US$4.9 billion stake in Google parent Alphabet
WARREN Buffett’s Berkshire Hathaway acquired 17.9 million shares of Google parent Alphabet during the third quarter, while further…
Culture
Google plans US$40 billion Texas data center investment amid AI boom
ALPHABET’S Google said on Friday (Nov 14) it would invest US$40 billion in three new data centers in Texas, as part of its push to expand…
Culture
Google plans US$40 billion Texas data centre investment amid AI boom
ALPHABET’S Google will invest US$40 billion in three new data centres in Texas, as part of its push to expand capacity for artificial…
Culture
Novo gets 15 billion euros of orders for Akero acquisition bonds
Novo Nordisk has pulled in more than 15 billion euros (S$22.6 billion) of investor orders for its multi-tranche bond sale, more than…
Culture
Marco Polo Marine unit clinches NT$4.7 billion project for research vessel in largest contract win
The project marks the company’s strategic expansion into high-value, specialised vessel construction Integrated marine logistics company…