Business
Saudi Group Announces 1 GW of Renewables as Part of $50 Billion China Investment
Saudi Arabia energy major ACWA Power announced it is developing more than 1 GW of renewable energy projects in China. The company in…
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Culture
Chery adds JPMorgan for US$1 billion Hong Kong listing
CHERY Holding Group has added JPMorgan Chase to help arrange a potential listing of its automotive unit in Hong Kong next year, according…
Culture
Hong Kong’s billionaire Cheng family seeks to sell China toll roads for US$2 billion
THE infrastructure arm of Hong Kong’s billionaire Cheng family is seeking to sell a bundle of roads in mainland China worth about US$2…
Culture
Chinese toy maker Bloks Group files for up to HK$1.46 billion Hong Kong IPO
BLOKS Group is looking to raise as much as HK$1.46 billion (S$225 million) in a Hong Kong initial public offering (IPO), as the Chinese…
Fashion
Wilmar International to acquire India’s Adani Group’s 31.06% stake in consumer goods joint venture for S$2 billion
WILMAR International announced on Monday (Dec 30) that it will acquire Indian multinational conglomerate Adani Group’s remaining stake in…
Fashion
Nidec announces 257 billion yen unsolicited bid for Makino Milling
JAPANESE manufacturing giant Nidec said on Friday (Dec 27) that it planned to launch a tender offer for Makino Milling Machine at a 42 per…
Culture
Alibaba, E-Mart to create US$4 billion e-commerce JV in South Korea
Alibaba Group Holding agreed to merge its South Korean operations with E-Mart’s e-commerce platform to better compete in the country’s…
Fashion
KKR and Bain each bid more than US$5 billion for Seven & i assets: sources
PRIVATE equity firms KKR and Bain Capital each offered more than US$5 billion in first-round bids for the non-core assets of Japan’s Seven…
Fashion
Amicorp rejects 1MDB’s US$1 billion asset recovery claim
Authorities in Asia, the US and Europe have been working to coordinate their investigations into the money trail from 1MDB Amicorp Group…
Lifestyle
Who is the Nordstrom family? Department store goes private in $6.25 billion
Share ✓ Link copied to clipboard! What's New The Norstrom department store chain is set to go private after the Nordstrom announced on…
Culture
Xerox to buy printer maker Lexmark from Chinese owners in US$1.5 billion deal
The office equipment manufacturer has seen its revenue shrink for five straight quarters OFFICE equipment manufacturer Xerox will buy…
Culture
1MDB takes legal action against Amicorp for allegedly facilitating US$7 billion fraud
The lawsuit seeks damages of more than US$1 billion from the financial services provider SCANDAL-HIT Malaysian state fund 1MDB and its…
Culture
1MDB sues Amicorp for over US$1 billion for allegedly facilitating US$7 billion fraud
The lawsuit seeks damages of more than US$1 billion from the financial services provider SCANDAL-HIT Malaysian state fund 1MDB and its…
Culture
Nippon Life’s US$12 billion acquisition spree is just beginning
NIPPON Life Insurance has done more than US$12 billion of deals this month alone. Japan’s biggest insurer is not finished yet. Having…
Fashion
News Corp sells Foxtel unit to DAZN in A$3.4 billion deal
NEWS Corp has agreed to sell its Australian cable TV unit Foxtel to British-owned sports network DAZN for A$3.4 billion (S$2.9 billion)…
Fashion
Apple’s US$1 billion investment may be fleeting win for Indonesia
INDONESIA claimed victory after Apple offered to increase its investment in the country to US$1 billion to get President Prabowo…
Business
'El Gordo' lottery in Spain spreads Christmas riches worth $2.8 billion
MADRID (AP) — For weeks, Spaniards had anticipated the arrival of “El Gordo” or "The Fat One." But unlike Santa Claus, El Gordo arrived…
Business
Spain's 'El Gordo' lottery begins $2.8 billion draw
Spain's world-famous "El Gordo" Christmas lottery organizers began broadcasting the draw from the Teatro Real opera house in Madrid on…
Culture
Tether sees US$10 billion in net profits for 2024
The world’s biggest stablecoin issuer, Tether, is on track to close the year with more than US$10 billion in net profits, chief executive…
Fashion
OUE Reit divests entire stake in Shanghai office property for 1.9 billion yuan
OUE Real Estate Investment Trust (Reit) is set to sell its entire stake in Lippo Realty, a real estate service provider that manages and…
Fashion
Italy probes CK Hutchison unit on tax in 3.4 billion euros asset sale
CK HUTCHISON’s Italian telecommunications unit is the target of a probe alleging that it evaded taxes during a 3.4 billion euros (S$4.8…
Culture
Losses from crypto hacks jump to US$2.2 billion in 2024: report
FUNDS stolen by hacking cryptocurrency platforms surged 21 per cent from a year ago to US$2.2 billion in 2024, a report from blockchain…
Culture
Saudi Global Ports, co-owned by PSA, taps banks for up to US$1 billion IPO
STATE-backed Saudi Global Ports has picked banks including Goldman Sachs Group and HSBC Holdings to help arrange a planned Riyadh initial…
Culture
Saudi Global Ports, co-owned by PSA, taps banks for up to US$1 billion IPO: sources
STATE-backed Saudi Global Ports has picked banks including Goldman Sachs Group and HSBC Holdings to help arrange a planned Riyadh initial…