Business
Alphabet’s TPU AI chips are a potential US$900 billion ‘secret sauce’
The success of TPU chips is a primary reason for the company’s 31% fourth-quarter share rally Alphabet investors are growing increasingly…
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Billion
Business
DayOne Data Centers seeks US$2 billion in upsized funding deal: sources
Singapore-based DayOne Data Centers is in advanced talks to raise more than US$2 billion in an upsized Series C funding round to help…
Business
Paramount hikes Warner Bros breakup fee to US$5 billion
Paramount Skydance more than doubled the proposed breakup fee in its offer to acquire Warner Bros Discovery to US$5 billion, according to…
Business
TikTok to invest more than 200 billion reais in Brazil data centre
ByteDance’s TikTok will invest more than 200 billion reais (S$49 billion) to build a data centre in Brazil, marking its first project in…
Business
Adani Group plans US$15 billion India airports expansion by 2030
The Adani Group plans to invest US$15 billion to boost passenger capacity at its airports to 200 million annually in the next five years,…
Business
JD.com’s supply-chain technology unit seeks up to HK$3.3 billion in Hong Kong IPO
JD.com’s supply-chain technology unit has started taking investor orders for a Hong Kong initial public offering (IPO) that may raise as…
News
Michael Dell donates over $6 billion to ‘Trump accounts’ for kids: Here’s who’s eligible to claim $250 per child
Michael Dell, along with his wife, Susan, announced on Tuesday that they are donating $6.25 billion to so-called “Trump accounts”—a…
Fashion
Prada seals $1.4 billion deal to purchase fashion rival Versace
The Prada Group closed the purchase of Milan fashion rival Versace in a $1.375 billion cash deal that puts the fashion house known for its…
Business
Saudi National Bank’s US$1 billion loan adds to Middle East spree
Saudi National Bank is seeking a US$1 billion syndicated loan, continuing a borrowing rush by the kingdom’s lenders that are helping…
Business
Indonesia assigns US$1 billion to Brics-led New Development Bank
Indonesia will assign US$1 billion to the Brics-led New Development Bank, further boosting ties with the group of developing nations. The…
Business
Danantara’s US$1.4 billion Garuda play emerges as key reform test
The 76-year-old airline is a major employer and a key mode of transport for the country Indonesian sovereign wealth fund Danantara’s…
Business
Nvidia takes US$2 billion stake in Synopsys as AI deal spree accelerates
The deal adds to Nvidia’s slew of new partnerships in the artificial intelligence ecosystem Nvidia has invested US$2 billion in chip…
Business
Industrial developer Soon Hock likely to benefit from S$1 billion earnings pipleline: UOB KayHian
UOB also expects attractive dividend yields of 5.5 per cent and 10 per cent for 2025, 2026 UOB Kayhian initiated coverage on industrial…
Business
Industrial developer Soon Hock secures S$1 billion in project value from 4 projects: UOB Kay Hian
UOB also expects attractive dividend yields of 5.5% and 10% for 2025 and 2026, respectively UOB Kay Hian initiated coverage on industrial…
Business
UOB Kay Hian initiates coverage on Soon Hock, optimistic on its S$1 billion project pipeline
UOB also expects attractive dividend yields of 5.5% and 10% for 2025 and 2026, respectively UOB Kay Hian initiated coverage on industrial…
Business
Databricks in talks to raise capital at US$134 billion valuation: report
Data analytics firm Databricks is in talks to raise US$5 billion at a valuation of US$134 billion, which is roughly 32 times this year’s…
Business
Temasek eyes stake in Quest Global at US$4.6 billion pre-IPO price
The engineering services firm is preparing for an IPO in India, joining a wave of companies tapping the country’s buoyant capital markets…
Business
India’s Adani seeks up to US$5 billion investment in Google data centre to join AI boom
Indian billionaires Gautam Adani and Mukesh Ambani have also unveiled investments in building data centre capacity India’s Adani Group…
Business
CIMB Q3 profit up 2.3% at RM2.08 billion
CIMB’s net profit for the third quarter ended Sep 30 rose 2.3 per cent to RM2.08 billion (S$653.5 million) from RM2.03 billion in the…
Business
Vietnam's Digital Economy Set to Hit $39 Billion by 2025
The gross merchandise value (GMV) of Vietnam's digital economy is expected to increase from $34 billion in 2024 to $39 billion in 2025.…
Business
Apple contests India’s antitrust penalty law with risk of US$38 billion fine, filing shows
Apple is challenging India’s new antitrust penalty law under which the US company could potentially face a fine of up to US$38 billion, a…
Business
Snapchat is nearing 1 billion monthly users. Why can't it turn a profit?
Snapchat, an app whose disappearing messages and silly face filters made chatting with loved ones more casual, is close to a milestone…
Business
Couple rakes in US$9 billion as AI circuit board shares soar 530%
When Nvidia chief executive officer Jensen Huang hosted a private banquet for suppliers in Taiwan in May, the room was packed with some of…
Business
Seatrium bags new BP contract; lifts order book to more than S$2 billion
Marine engineering company Seatrium on Wednesday (Nov 26) announced that it has been awarded a contract from BP Exploration and Production…