Business
BlackRock gets US$10 billion financing for Aramco deal: sources
The majority of the financing is a seven-year loan facility, which could later be refinanced in the bond market A group led by BlackRock’s…
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Business
Business
Ben & Jerry’s ‘not for sale’ says Magnum CEO ahead of spin-off from Unilever
Magnum CEO Peter ter Kulve dismissed any talk of selling Ben & Jerry’s on Wednesday and said he was focused on reclaiming market share and…
Business
Weleda launches inquiry into Nazi camp skin test claims
Weleda, the natural cosmetics company, has launched a study into its links to a Nazi concentration camp following claims an anti-freeze…
Business
US: S&P 500, Nasdaq hit record highs on boosted rate-cut bets
The S&P 500 and the Nasdaq hit intraday record highs at the open on Wednesday (Sep 10), after cooler-than-expected producer inflation data…
Business
AI infrastructure company Nebius to raise US$3 billion to fuel growth
Nebius Group said on Wednesday (Sep 10) it would raise US$3 billion to fuel growth in its core artificial intelligence cloud business, on…
Business
Klarna’s IPO Brings Buy Now, Pay Later Revolution to Wall Street
The buy now, pay later wave that’s been sweeping over retail is finally washing up on Wall Street with the initial public offering of…
Business
Oracle stock is soaring today despite an earnings miss and recent layoffs. Its CEO thanks a ‘who’s who of AI’
Oracle Corp. started September by making headlines for layoffs. Then, on Tuesday, September 9, it reported first-quarter financial results…
Business
mm2 Asia’s Malaysia unit settles dispute with landlord over unpaid rent, other charges
A Malaysian unit of beleaguered entertainment group mm2 Asia has settled a dispute with its landlord, Hektar Real Estate Investment Trust,…
Business
Del Monte swings into the black in Q1 with US$5.5 million net profit
Canned-food brand Del Monte Pacific has returned to the black with a net profit of US$5.5 million for its first quarter ended Jul 31,…
Business
Del Monte Pacific swings into the black in Q1 with US$5.5 million net profit
This is due to higher sales from both the company’s domestic market in the Philippines and international markets Canned-food brand Del…
Business
The Download: AI’s energy future
Three big things we still don’t know about AI’s energy burden —James O’Donnell Earlier this year, when my colleague Casey Crownhart and I…
Business
Nio plans US$1 billion share sale to fund EV growth
The Shanghai-based EV maker will sell as many as 181.8 million new shares at HK$42.86 to HK$44.46 each Chinese electric-vehicle maker Nio…
Business
Mediawan Pictures CEO Elisabeth D’Arvieu to Deliver Keynote at Mipcom Cannes
Mediawan Pictures CEO Elisabeth d’Arvieu will deliver a keynote interview at the upcoming Mipcom Cannes, the four-day global television…
Business
Oracle expects half a trillion dollars in booked cloud orders, stock rises 27%
Oracle said on Tuesday (Sep 9) it expects booked revenue at its Oracle Cloud Infrastructure business to exceed half a trillion US dollars,…
Business
Frasers Property’s emerging markets chief to take on additional role of Thailand CEO
Lim Hua Tiong is set to replace Thanapol Sirithanachai, who will continue to serve on the board Frasers Property’s emerging markets chief…
Business
Gabriel Martinelli: How can Brazilian winger find his form for Arsenal to silence critics?
Martinelli is a hardworking player who cares deeply about succeeding at Arsenal. He is aware of the social media criticism of his…
Business
Centurium considers stake sale in US$6 billion Taibang Biologic: sources
Chinese private equity firm Centurium Capital is considering selling its stake in Taibang Biologic Group, people familiar with the matter…
Business
Tapestry’s Opens a Much Wider Lens on the Handbag Market, Targets $10B for Coach
Joanne Crevoiserat might have had to turn to Plan B for Tapestry Inc. after the $8.5 billion acquisition of Capri Holdings fell through —…
Business
mm2 Asia scraps stake sale; PE fund to take 29% of Vividthree stake in direct share deal instead
As a result of the new share placement, controlling shareholder mm2 Asia’s stake in Vividthree will be diluted to 23% Vividthree Holdings…
Business
Centurion wins shareholder support for Reit listing plan
The Reit will accelerate the group’s growth and support sustainable capital recycling, says chief executive Kong Chee Min Mainboard-listed…
Business
STI rises 1.1% to new high, as DBS leads gains
The benchmark Straits Times Index (STI) ended 1.1 per cent or 48.89 points higher at a record 4,346.46 on Wednesday (Sep 10), with DBS…
Business
“Cashing Out” Examines an Investment Strategy That Profited from AIDS Deaths
As grateful as I am to the director Matt Nadel for making “Cashing Out,” a vital and outstanding film about a terrible time, it also made…
Business
Pandora Has Big Ambitions for the U.S., With Plans to Build Major Maryland Distribution Center
LONDON – Pandora is giving the U.S. market a further vote of confidence with plans to open a larger distribution center in the state of…
Business
Airline rewards rankings 2025: These programs offer the best points value, flight change and cancellation perks
Airline loyalty programs are a multibillion-dollar business, rewarding frequent fliers and credit card users with free travel, but they…