Culture
Fullerton launches first retail fund under MAS’ S$5 billion equity initiative
It is offered as a collective investment scheme to retail, accredited and institutional investors in Singapore and selected international…
Tag
Billion
Culture
DBS gains S$26 billion in value, widening lead against OCBC
The bank is more efficiently run versus its peers and has more of a focus to reward shareholders, says Tareck Horchani of Maybank…
Culture
Yangzijiang Financial pumps 1.02 billion yuan in lithium battery producer Ningbo Shanshan’s restructuring
The investment by the group and two of its investors gives them effective voting rights of 23.4 per cent in the lithium battery producer…
Culture
Thakral Corp divests Yotsubashi Nakano Building in Osaka for 5.3 billion yen
Thakral Corporation announced on Tuesday (Sep 30) that it has completed the divestment of its commercial building, Yotsubashi Nakano…
Culture
Jaguar Land Rover gets UK guarantee for £1.5 billion loan after cyberattack halts production
Jaguar Land Rover (JLR) will get backing from the UK government for a £1.5 billion (S$2.6 billion) loan aimed at easing the strain on…
Culture
Kraken in strategic investor talks at US$20 billion valuation
The crypto exchange has until this year raised only about US$27 million in primary capital Kraken is in advanced talks to raise new…
Business
Germany to spend €35 billion on space security by 2030
Germany is set to spend a total of €35 billion ($41 billion) on space security architecture by 2030, Defence Minister Boris Pistorius said…
Culture
Zijin Gold delays US$3.2 billion IPO as typhoon pummels Hong Kong
Zijin Gold International delayed its US$3.2 billion listing after Super Typhoon Ragasa slammed Hong Kong, bringing the city to a…
Culture
Revolut to spend US$13 billion on its push for 100 million users
The company aims to become one of the top three financial apps in every market it enters Revolut plans to enter 30 new geographies by the…
Culture
Nvidia’s US$100 billion OpenAI play raises big antitrust issues
The US$100 billion partnership between dominant AI chipmaker Nvidia and leading artificial intelligence company OpenAI could give both…
Culture
How typhoons can delay big IPOs like Zijin Gold’s US$3.2 billion deal in Hong Kong
One could be forgiven to question how a storm could delay one of the world’s biggest deals in a sophisticated financial centre like Hong…
Culture
Heineken to buy Fifco businesses for US$3.2 billion in Central America push
The deal will enable Heineken to enter “new profit pools” across Central America, says chief executive Dolf van den Brink Dutch brewer…
Culture
Nvidia to invest US$100 billion in OpenAI
The partnership comes as competition intensifies among technology giants and startups to secure access to energy and chips needed for AI…
Culture
China’s showcase of AI chip prowess triggers US$240 billion rally
Investors are betting the recent flurry of talk by Chinese tech firms will translate into real products down the road FROM Huawei…
Culture
China EV maker Nio surges 5% following equity offering completion of more than US$1 billion
Both its Hong Kong-listed shares and those traded on the SGX jump on Friday morning Shares of Chinese electric-vehicle (EV) maker Nio rose…
Culture
China EV maker Nio surges 4% following equity offering completion of more than US$1 billion
Shares of Chinese electric-vehicle (EV) maker Nio rose by 4.2 per cent on Friday (Sep 19) on the Singapore Exchange (SGX), after the…
Culture
AEM soars 17.8% on the back of Nvidia’s US$5 billion Intel investment
Shares of AEM jumped as much as 19.1 per cent on Friday (Sep 19) following overnight news of Nvidia’s US$5 billion investment in chipmaker…
Culture
CATL’s stock touted as cheap even after a US$110 billion rally
The Shenzhen-listed stock of the world’s biggest battery maker has surged nearly 75% since this year’s low in early April, adding US$110…
Culture
Boustead’s proposed Reit listing has portfolio value of S$1.9 billion
The portfolio will comprise 23 logistics and industrial properties – 21 in Singapore and two in Japan Boustead Singapore said on Thursday…
Culture
Nvidia invests US$5 billion in Intel, plans to co-design chips
Nvidia Corp agreed to invest US$5 billion in Intel and said the two will co-develop chips for PCs and data centres, a surprise move to…
Culture
China’s Chery Automobile seeks up to HK$9.1 billion in Hong Kong IPO
Chery Automobile is seeking to raise as much as HK$9.1 billion (S$1.5 billion) in a Hong Kong initial public offering (IPO), kicking off…
Culture
Musk answers Tesla’s pay proposal with US$1 billion stock buy
ELON Musk responded to an unprecedented pay proposal from Tesla’s board by buying about US$1 billion worth of shares, sending the stock…
Culture
China's Tencent aims to raise US$1 billion equivalent in dim sum bonds
Chinese gaming and social media leader Tencent Holdings is aiming to raise the equivalent of US$1 billion in a three-tranche offshore yuan…
Culture
Hesai jumps in Hong Kong debut after HK$4.2 billion listing
The company plans to use the proceeds to help lower the manufacturing costs of lidar systems Hesai Group, the world’s largest maker of…