Culture
WeRide is poised to raise HK$2.39 billion in Hong Kong listing
WeRide is set to raise HK$2.39 billion (S$402 million) from its Hong Kong share sale, according to sources familiar with the matter, as it…
Tag
Billion
Culture
Japan’s US$132 billion borrowing binge reshapes global credit
The end of an era of essentially free money in Japan, a flurry of dealmaking and the artificial intelligence (AI) boom have unleashed…
Culture
OpenAI, Amazon strike US$38 billion agreement for ChatGPT maker to use AWS
The deal is among the first major moves by OpenAI since it completed a restructuring last week Amazon.com will supply OpenAI with cloud…
Culture
Microsoft signs US$9.7 billion AI cloud deal with Australia’s IREN to secure Nvidia systems
Once fully implemented, the deal is expected to generate about US$1.94 billion a year for IREN Microsoft has signed an approximately…
Culture
Lenskart starts taking orders for 72.8 billion rupees India IPO
Lenskart Solutions began taking public orders for an initial public offering (IPO) that could raise as much as 72.8 billion rupees (S$1.1…
Culture
Ford to invest 32.5 billion rupees in India defying Trump’s local push
More recently, other US companies have been building up their manufacturing presence in India, despite the political tension Ford Motor…
Culture
Air India seeks 100 billion rupees lifeline from SIA and Tata, Bloomberg News reports
The development follows a deadly Air India crash in June that killed more than 240 passengers Air India is seeking at least 100 billion…
Culture
Air India seeks 100 billion rupees lifeline from SIA and Tata: report
The development follows a deadly Air India crash in June that killed more than 240 passengers Air India is seeking at least 100 billion…
Culture
ANZ flags A$1.1 billion second-half profit hit from restructuring, compliance costs
Australia’s ANZ warned on Friday that its earnings would take a hit of A$1.11 billion (S$937.5 million) after tax in the second half of…
Culture
CapitaLand India Trust Q3 total property income up 10% at 5.1 billion rupees
This is due to higher rental income from existing properties and income contributions from acquisitions and completed developments, says…
Culture
CapitaLand India Trust Q3 total property income up 18% at 5.1 billion rupees
This is due to higher rental income from existing properties and income contributions from acquisitions and completed developments, says…
Culture
Meta sells US$30 billion of bonds as AI frenzy fuels record orders
Technology firms are capitalising on falling borrowing costs as the Fed cuts interest rates and investors race to lock in still-elevated…
Culture
Nissan forecasts US$1.8 billion annual operating loss as US tariffs weigh
Its outlook for net income for the fiscal year to end-March 2026 remained undetermined Nissan Motor said on Thursday (Oct 30) it expects…
Culture
Apac private credit to reach US$92 billion in 2027 on wealth boom
The growth of Asia Pacific’s private markets comes against the broader backdrop of mounting headwind The Asia-Pacific private credit…
Culture
Meta forecasts bigger capital costs next year, US$16 billion tax charge guts Q3 profit
Meta forecast “notably larger” capital expenses next year, thanks to investments in AI, and recorded a nearly US$16 billion one-time…
Culture
Nvidia to invest US$1 billion in Nokia in AI networking push
Nvidia Corp. plans to make a US$1 billion equity investment in Nokia Oyj, an apparent vindication of the Finnish company’s pivot from…
Culture
Temasek-backed consortium to take China’s ANE private at HK$14.33 billion valuation
[SINGAPORE/HONG KONG] ANE (Cayman) said on Tuesday (Oct 28) a consortium comprising its largest shareholder, Singapore’s Temasek Holdings,…
Culture
Huawei EV partner Seres seeks HK$13.2 billion in Hong Kong listing
Seres Group started taking investor orders for a Hong Kong listing that may raise as much as HK$13.2 billion (S$2.2 billion), making the…
Culture
HSBC to book US$1.1 billion provision after Luxembourg court ruling in Madoff case
HSBC Holdings said on Monday it will recognise a provision of US$1.1 billion in its third-quarter results after a Luxembourg court ruling…
Culture
Meituan plans debut dim sum bonds in up to 10 billion yuan sale
The company has faced an increasingly crowded field in China’s food delivery sector, where rivals have been slashing prices Chinese food…
Culture
Indonesia launches 6 billion yuan dim sum bond, to be listed on SGX
The bond offers yields of 2.5% on five-year notes and 2.9% on the 10-year tranche Indonesia has launched its debut offshore…
Culture
ST Engineering bags new contracts worth S$4.9 billion in Q3 2025
For the nine months ended Sep 30, the company’s total contract wins amount to S$14 billion ST Engineering on Thursday (Oct 23) announced…
Culture
MBS Q3 earnings reach nearly S$1 billion following hotel renovation completion
Parent company LVS is optimistic about growth, citing its expansion project and Singapore’s attractiveness as a destination Integrated…
Culture
PacificLight appoints Mitsubishi Power and Jurong Engineering to build S$1 billion hydrogen-ready power plant
PacificLight Power announced on Thursday (Oct 23) that it has appointed a consortium comprising Jurong Engineering Limited (JEL) and…