Fashion
GSK to buy US cancer biotech IDRx for up to US$1.15 billion
GSK agreed to buy US biotech IDRx for as much as US$1.15 billion to gain new cancer medicines. The UK drugmaker will pay US$1 billion…
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Billion
Fashion
Johnson & Johnson is in talks to buy US$10 billion biotech Intra-Cellular
JOHNSON & Johnson (J&J) is in talks to acquire Intra-Cellular Therapies, a biopharmaceutical company focused on treatments for central…
Culture
Bain matches CC Capital’s A$2.9 billion offer for Insignia
BAIN Capital sweetened its bid for Insignia Financial as takeover activity heats up for the Australian wealth manager. The Boston-based…
Lifestyle
US firms pay over $1 billion in taxes to Russia Amid Ongoing Ukraine war
U.S. companies that have continued to do business in Russia have contributed more than $1 billion in tax revenue to Kremlin, Newsweek has…
Culture
Japan’s NTT appoints banks for US$1 billion data centre Reit IPO in Singapore: sources
JAPAN’S Nippon Telegraph & Telephone Corp (NTT) has appointed Bank of America and UBS to work on a US$1 billion data centre real estate…
News
Fox Must Face Smartmatic’s $2.7 Billion Defamation Lawsuit, Court Rules
A New York State appeals court on Thursday rejected a request by Rupert Murdoch’s Fox Corporation to dismiss part of a $2.7 billion…
Culture
Blackstone’s infrastructure fund for individuals raises more than US$1 billion
BLACKSTONE is betting individuals will turn the firm into a bigger force in roads, ports and data centres. The alternative asset manager…
News
Who Is Hussain Sajwani, the Developer Behind Trump’s $20 Billion Data Center Pledge?
When President-elect Donald J. Trump called Hussain Sajwani to the lectern at Mar-a-Lago on Tuesday to promise a $20 billion investment in…
Fashion
Tesla poised for US$1 billion windfall from EU’s emissions curbs
TESLA could collect more than 1 billion euros (S$1.4 billion) in compensation from rival automakers that need help meeting tougher…
Fashion
Tesla poised for 1 billion euros windfall from EU’s emissions curbs
TESLA could collect more than 1 billion euros (S$1.4 billion) in compensation from rival automakers that need help meeting tougher…
Culture
iShares MSCI Asia ex-Japan Climate Action ETF crosses US$1.22 billion in AUM
IN over a year since its launch, the iShares MSCI Asia ex-Japan Climate Action ETF has surpassed US$1.22 billion in assets under…
Culture
Hong Kong Airport Authority sells record HK$18.5 billion of bonds
THE Airport Authority of Hong Kong sold HK$18.5 billion (S$3.3 billion) of bonds in the largest-ever issuance in the financial hub’s local…
Fashion
Micron invests US$7 billion in Woodlands advanced packaging site; 1,400 jobs to be created
MICRON Technology broke ground on its high-bandwidth memory (HBM) advanced packaging facility on Wednesday (Jan 8) in Singapore, adjacent…
Fashion
Amazon’s AWS to invest US$11 billion in Georgia to boost AI infrastructure development
AMAZON.COM said on Tuesday (Jan 7) that its cloud computing division, Amazon Web Services (AWS), plans to invest about US$11 billion to…
Fashion
Trump’s Dubai billionaire ally vows US$20 billion for data centres
SINCE Donald Trump was first elected in 2016, Hussain Sajwani, the head of Damac Group, wanted the world to know he was the US president’s…
Culture
Trump, Dubai billionaire unveil US$20 billion for data centres
PRESIDENT-elect Donald Trump announced an investment of at least US$20 billion from Hussain Sajwani, the head of Damac Group, to build new…
News
Trump Blurs Lines in $20 Billion Data Center Announcement and Other Deals
President-elect Donald J. Trump was at the lectern talking through the approaching inauguration of his second term. But across the…
Culture
Microsoft to invest US$3 billion in India, to expand AI and cloud capacity
Microsoft will spend US$3 billion to expand its Azure cloud and artificial intelligence (AI) capacity in India, CEO Satya Nadella said on…
Fashion
Microsoft expects to spend US$80 billion on AI this fiscal year
MICROSOFT president Brad Smith on Friday (Jan 3) said the company is on track to pump about US$80 billion into artificial intelligence…
Culture
Italy plans US$1.6 billion SpaceX telecom security services deal
ITALY is in advanced talks with Elon Musk’s SpaceX for a deal to provide secure telecommunications for the nation’s government – the…
Culture
Retail traders seek nearly US$60 billion for toymaker Bloks Group’s Hong Kong IPO
RETAIL investors have applied to borrow nearly US$60 billion to participate in Chinese toymaker Bloks Group’s Hong Kong initial public…
Fashion
Alibaba to sell Sun Art to buyout firm DCP for HK$12.3 billion
ALIBABA Group Holding agreed to sell its shares in Sun Art Retail Group to private equity firm DCP Capital, unloading another high-profile…
Business
The new Great Wall: China’s $70 billion, 2,700-mile water transfer mega-project
Throughout history, China has reshaped its geography to meet its growing needs. And now, it is undertaking what may be the largest…
Culture
Abu Dhabi’s Mubadala eclipses Saudi PIF with US$29 billion deals
ABU Dhabi’s Mubadala Investment was the world’s most active sovereign wealth fund (SWF) last year as it ramped up deal-making across…