Culture
Toyota opens US battery plant, confirms US$10 billion investment plan
TOYOTA Motor said on Wednesday it had begun production at its US$13.9 billion North Carolina battery plant as it ramps up hybrid…
Tag
Billion
Culture
Seatrium eyes more new order wins; net order book stands at S$16.6 billion in Q3
The group said it is making ‘steady progress’ toward achieving its 2028 financial targets. Offshore, marine and energy specialist Seatrium…
Culture
Manulife CQS raises US$1.1 billion for synthetic-risk transfers
The money is for its Manulife CQS Regulatory Capital Relief III Fund as well as some separately managed accounts Manulife’s credit arm CQS…
Culture
Hong Kong’s investment firm reports HK$2 billion return in 2024
As at end-2024, the firm had used up under a fifth of its initial HK$62 billion kitty Hong Kong Investment Corporation (HKIC) generated…
Culture
ST Engineering posts 9% rise in 9M revenue to S$9.1 billion despite impairments from subsidiary
ST Engineering posted a 9 per cent year on year rise in revenue to S$9.1 billion for the nine months ended Sep 30, on the back of strong…
Culture
Bitcoin traders are still rattled after US$340 billion wipeout
BITCOIN is struggling to stage a meaningful recovery after last month’s stumble, with signs of fatigue continuing to mount across crypto…
Culture
SoftBank’s US$5.8 billion Nvidia stake sale stirs fresh AI bubble fears
The Japanese tech investor needs the proceeds for initiatives including the US$500 billion Stargate project to expand US data-centre…
Culture
Microsoft to invest US$10 billion in Portugal AI data hub
The company is building the hub with Start Campus, a Portuguese developer, and British startup Nscale Microsoft will spend US$10 billion…
Culture
South-east Asia’s digital economy revenue set to hit US$100 billion in 2025: e-Conomy report
The region’s gross merchandise value is also expected to grow to US$305 billion this year The digital economies of South-east Asia are…
Culture
Analysts positive on Singtel unit’s S$1.5 billion Bharti Airtel sale
Separately, Singtel and KKR are in talks to acquire all of ST Telemedia Global Data Centres they do not already own for more than S$6.4…
Business
Israel grants NIS 3.25 billion in benefits to career IDF officers, mandatory service soldiers
Israel approved NIS 3.25b. in aid for IDF soldiers and officers to ease financial hardships caused by the war. The government and the IDF…
Culture
Metsera accepts Pfizer’s US$10 billion bid in ongoing M&A battle
OBESITY drug developer Metsera said on Friday that it had accepted Pfizer’s US$10 billion acquisition offer, in what could spell the end…
Culture
EV maker Rivian gives CEO a Musk-style pay package worth up to US$4.6 billion
EV MAKER Rivian on Friday said it was giving its CEO a pay plan worth as much as US$4.6 billion over the next decade, a deal similar to…
Business
Siemens wins $2.5 billion order from Swiss railway for 116 trains
A Siemens Mobility "Mireo" train stands in Buchloe station after a test run. Germany's Siemens Mobility has received an order by…
Culture
Ikea profit falls 26% to 1.7 billion euros as US tariffs fuel costs
Overall sales from the company’s stores across 63 markets around the world fall for a second year in a row Sweden’s Inter Ikea, which…
Culture
Singtel unit sells 0.8% stake in Bharti Airtel for about S$1.5 billion, booking estimated S$1.1 billion gain
The sale reduces Singtel’s effective stake in Bharti Airtel to 27.5% from 28.3% Singtel announced its indirect wholly-owned subsidiary…
Culture
OCBC Q3 profit flat at S$1.98 billion, beats expectations
OCBC’s net profit was flat for its third quarter, supported by higher non-interest income and lower allowances, it said on Friday (Nov 7).…
Culture
Tesla shareholders approve US$878 billion pay plan for Elon Musk
Tesla CEO Elon Musk scored a resounding victory on Thursday as shareholders approved a pay package of as much as US$878 billion over the…
Culture
Singtel offers US1.2 billion stake in Bharti Airtel, terms show
A Singapore Telecommunications unit offered to sell shares in Indian mobile carrier Bharti Airtel in a deal that may fetch US$1.2 billion,…
Culture
Yangzijiang Financial aborts one billion yuan investment in Chinese lithium battery producer
Subsidiary Jiangsu New Yangzi Commerce & Trading and two strategic investors fail to secure approval from Ningbo Shanshan’s creditors…
Culture
CapitaLand Investment’s 9M revenue dips 25.5% to S$1.6 billion after CLAS deconsolidation
CapitaLand Investment reported a 25.5 per cent plunge in total revenue to about S$1.6 billion for the first nine months of 2025, from…
Culture
Nissan sells Yokohama headquarters for 97 billion yen as part of restructuring
Nissan Motor said on Thursday it has concluded a 97 billion yen (S$840 million) trust beneficiary rights transfer agreement to sell and…
Culture
CDLHT sets up S$1.5 billion multicurrency debt issuance programme
CDL Hospitality Trusts (CDLHT), a stapled group consisting of CDL Hospitality Real Estate Investment Trust (H-Reit) and CDL Hospitality…
Culture
India freezes over 75 billion rupees in assets tied to Anil Ambani in bank fraud probe
India’s top financial crimes agency said it had seized properties worth over US$846 million from firms linked to beleaguered tycoon Anil…