Culture
Ex-Goldman trader Qin Xiao starts Singapore hedge fund, gets US$1 billion allocation from Millennium
Qin Xiao, the former co-head of Goldman Sachs’ global commodities trading team, has won an allocation from Millennium Management for his…
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Culture
Oil settles nearly US$1 lower as Trump-Putin talks loom
Oil prices closed down nearly US$1 on Friday (Aug 15) as traders awaited talks between US President Donald Trump and Russian leader…
Culture
For just US$1 million, wealthy investors can buy a stake in hedge fund Millennium
For just US$1 million, investors are being offered a slice of one of the world’s largest hedge fund firms. Goldman Sachs is offering…
Culture
Nvidia AI chips worth US$1 billion entered China despite US curbs: FT
Nvidia’s advanced artificial intelligence chips worth at least US$1 billion were smuggled to China in the three months after Washington…
Culture
Sri Lanka orders Singapore shipowner to pay US$1 billion over marine disaster
The shipping firm initially paid US$7.85 million for the immediate cleanup and as compensation for fishermen who were deprived of their…
Culture
Oil jumps US$1 after further drone attacks on Iraq oil fields
Oil prices rose US$1 on Thursday (Jul 16) after drones struck Iraqi Kurdistan oil fields for a fourth day, pointing to continued risk in…
Culture
Volvo Car posts US$1 billion loss over impairment, tariffs
The automaker’s retail sales plunged 12% to 181,600 vehicles in the second quarter Volvo Car posted a US$1.03 billion operating loss in…
Culture
Chinese investors’ FX pile hits US$1 trillion amid low local rates
Chinese corporates and households boosted their foreign-currency deposits last month to the highest in three years, as they shunned the…
Culture
ESIM platform Airalo raises US$220 million in new funding round, lifts valuation past US$1 billion
Company says this makes it the industry’s first unicorn; latest financing includes new investor CVC Airalo, an eSIM platform, has raised…
Culture
Glencore JV in talks to buy Exxon's 59 Singapore petrol stations worth US$1 billion
The sale would allow the American oil major to deploy more capital in areas of higher growth potential — Aster Chemicals and Energy, a…
Culture
Nvidia insiders sell over US$1 billion in stock amid market surge
The chipmaker’s stock hit a record on Jun 25, and it reclaimed the crown as the world’s most valuable company IA insiders sold over US$1…
Culture
China’s wealth fund pulls plug on US$1 billion private equity sale
China’s sovereign wealth fund has pulled its planned sale of US$1 billion in US fund stakes tied to some of the biggest names in private…
Culture
Montage is said to hire banks for US$1 billion Hong Kong listing
The US has been trying to curb Beijing’s ambitions to build a domestic semiconductor industry, Chinese chip designer Montage Technology…
Culture
Masayoshi Son pitches US$1 trillion US AI hub to TSMC, Trump team
SoftBank Group founder Masayoshi Son is seeking to team up with Taiwan Semiconductor Manufacturing to realise what could be his biggest…
Culture
Chinese sovereign fund CIC to sell US$1 billion of US private equity investments: sources
Chinese sovereign investor China Investment Corporation (CIC) is selling about US$1 billion of its private equity (PE) investment…
Culture
Billionaire investor Ryan Cohen boosts stake in Alibaba to US$1 billion: WSJ
BILLIONAIRE investor Ryan Cohen has increased his personal stake in Chinese e-commerce giant Alibaba Group to roughly US$1 billion in…
Culture
Petronas mulls over US$1 billion loan for Malaysian LNG project
MALAYSIA’S Petroliam Nasional is in talks with banks for a potential loan to fund a liquefied national gas (LNG) project, according to…
Culture
DBS signs mandates for Singapore listings with potential valuations of US$1 billion
DBS, South-east Asia’s biggest bank, has several listings lined up for the Singapore market, including some potential blockbusters with…
Culture
DBS to redeem US$1 billion of 3.3% perpetuals on Feb 27
DBS on Friday (Jan 10) announced that it will redeem all US$1 billion of its 3.3 per cent perpetual capital securities on Feb 27, the…
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…
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…
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…
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…
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…