Culture
Ford scales back EV ambitions, forecasts US$19.5 billion write-down
The company will focus on a family of smaller, affordable electric vehicles instead FORD on Monday announced a major retreat from large…
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Interest in money market funds in Singapore falls 44% quarter on quarter to S$1.5 billion in Q3: Morningstar
Singaporean investor interest in money market funds waned in the third quarter of 2025, with net inflows of S$1.5 billion, down 44 per…
Culture
HSBC’s US$13.6 billion buyout proposal wins Hang Seng Bank board committee’s nod
Debt-laden property developers in Hong Kong and their creditors are set to face intensifying financial pressure next year Hong Kong’s Hang…
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SMBC Asia inks debut US$3.2 billion SRT with Blackstone, Stonepeak
Globally, synthetic risk transfer volumes are projected to expand 11% annually over the next two years Sumitomo Mitsui Banking…
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ServiceNow nears up to US7 billion deal for cybersecurity startup Armis
ServiceNow is in advanced talks to buy the cybersecurity startup Armis in a deal that may be valued at as much as US$7 billion and would…
Culture
Pakistan to allow Binance to explore ‘tokenisation’ of up to US$2 billion of assets
The move comes as other countries expand formal licensing rules for crypto exchanges amid broader global regulatory tightening Pakistan…
Culture
Spacex sets US$800 billion valuation, confirms 2026 IPO plans
The Musk-led company is targeting a valuation of about US$1.5 trillion for the entire company SpaceX has authorised an insider share sale…
Culture
Intel nears US$1.6 billion deal for AI chip startup SambaNova
Intel is in advanced talks to acquire artificial intelligence (AI) chip startup SambaNova Systems for about US$1.6 billion, including…
Culture
Sumitomo to put US$1.3 billion into India renewable power projects
Sumitomo Corp will invest US$1.3 billion on several Indian renewable power projects, to take advantage of rapid growth in demand from…
Culture
Seatrium back on track with estimated S$2 billion TenneT order: analysts
Analysts were positive on Seatrium’s latest contract win, stating that the marine engineering company was back on track in terms of its…
Culture
Hongkong Land shares close 3.5% down following news of S$8 billion real estate fund
Shares of Hongkong Land soared as much as 5.5 per cent after the company announced plans to inject its interests in One Raffles Quay,…
Culture
Hongkong Land hives off MBFC Towers 1 and 2, One Raffles Quay into new S$8 billion Singapore private fund
It will be Singapore’s biggest private real estate fund; move follows divestments of other major assets Following the sale of its stake in…
Culture
Disney invests US$1 billion in OpenAI, strikes licensing deal
The company to tap OpenAI tools for new products and experiences, and to roll out ChatGPT to staff Walt Disney agreed to invest US$1…
Culture
Sembcorp to acquire Australian power company Alinta Energy in A$6.5 billion deal
The asset is country’s fourth-largest utilities provider with around 1.1 million customers Sembcorp Industries will acquire Australia’s…
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CLI closes second onshore sub-fund; targets 1.48 billion yuan in funds under management
It is under the CLI RMB Master Fund with CapitaMall Xinduxin, as the seed asset Global real asset manager CapitaLand Investment (CLI) said…
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Hongkong Land shares end 5.5% higher on S$1.45 billion sale of MBFC stake
The group is selling its share to Keppel Reit, which will have a two-thirds interest in the property upon completion Shares of Hongkong…
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China’s ZTE may pay more than US$1 billion to the US over foreign bribery allegations: sources
ZTE said it is engaged in “ongoing communication” with the US Justice Department CHINESE telecom equipment maker ZTE Corp may pay more…
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AI’s US$400 billion problem: Are chips getting old too fast?
Cloud computing giants assumed that their chips and servers would last about six years IN PURSUIT of the AI dream, the tech industry this…
Culture
Temasek, top funds bid in Swiggy’s US$1.1 billion share sale
The fundraising underscores the Indian e-commerce market’s rapid expansion amid surging demand Global investors, including Temasek…
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E-commerce firm Meesho notches US$8.8 billion valuation in blockbuster India debut
The country’s IPO fundraising in 2025 is expected to surpass last year’s record US$20.5 billion Shares of e-commerce firm Meesho jumped…
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Amazon to invest over US$35 billion in India on AI, exports
Amazon plans to invest more than US$35 billion in India by 2030 to expand its operations by boosting artificial intelligence (AI)…
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Global airlines set for record US$41 billion net profit next year: Iata
Global airline trade body Iata said on Tuesday the airline sector would post record profits next year despite ongoing supply-chain issues…
Culture
Microsoft unveils US$23 billion in new AI investments with big focus on India
Microsoft on Tuesday (Dec 9) unveiled about US$23 billion in new artificial intelligence investments, with the bulk earmarked for India as…
Culture
Novartis strikes deal with UK biotech for up to US$1.7 billion
Novartis is on a deal spree this year, including the US$12 billion acquisition of Avidity Biosciences Novartis will pay UK biotech…