Business
Brookfield, GIC bid for National Storage in A$4 billion deal
The Sydney-listed company operates more than 270 storage centres across Australia and New Zealand — Brookfield Asset Management and…
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Billion
Business
ThaiBev’s full-year net profit falls 6.8% to 25.4 billion baht
Thai Beverage posted a 6.8 per cent drop in net profit to 25.4 billion baht (S$1.02 billion) for the full year ended Sep 30, 2025, from…
Business
EV maker Nio posts 3.5 billion yuan net loss for Q3 2025
Chinese electric vehicle (EV) maker Nio recorded a net loss of 3.5 billion yuan (S$638 million) for its third quarter ended Jun 30, 2025,…
Business
CDL sells 14 billion yen Osaka hotel to Blackstone-managed real estate funds
The proposed divestment aligns with the real estate company’s capital recycling and portfolio optimisation efforts City Developments…
Business
CDL to sell Osaka hotel for 14 billion yen to Blackstone funds
The proposed divestment aligns with the real estate company’s capital recycling and portfolio optimisation efforts City Developments…
Business
Citigroup India nears US$1 billion book of asset backed securities
Citigroup’s India unit has more than doubled its asset-backed securities book to nearly US$1 billion in the last two years, ahead of…
Business
Asia tycoon backs US$1.5 billion AI bet with private credit fund
A patriarch for one of Asia’s biggest finance fortunes is joining other members of the global rich in bolstering artificial intelligence…
Business
This CEO just sold his company for $21 billion. It wouldn’t have happened without federally funded research
Hello and welcome to Modern CEO! I’m Stephanie Mehta, CEO and chief content officer of Mansueto Ventures. Each week this newsletter…
Business
Revolut’s valuation hits US$75 billion as it completes fundraising
Digital bank Revolut has concluded fundraising – comprising secondary share sales for employees and fresh capital – bringing its valuation…
Business
Dubai property frenzy sets developers on a US$6 billion debt spree
From Islamic bonds to private credit, they ride one of the Gulf country’s longest real estate booms in years Property developers in the…
Business
Singapore court clears way for US$2.7 billion suit against Stanchart in 1MDB scandal-linked claim
Claims involve alleged US$150 million deposit to Najib Razak and US$77 million for Rosmah’s bags and jewellery The Singapore High Court…
Business
Macquarie Asset Management offers US$7.5 billion for logistics firm Qube
The Australian logistics and shipping-containers’ operations span container leasing, car and grain cargo terminals, and road and rail…
Business
Google is spending $40 billion to build 3 new data centers in Texas
Google has 44 data centers in operation or in development around the world, but as demand for AI and the need for compute capacity grows,…
Business
Foxconn-Nvidia US$1.4 billion Taiwan supercomputing cluster to be ready by H1 2026, Foxconn says
The Apple’s top iPhone assembler has been expanding beyond electronics into electric vehicles and AI data centres Foxconn said on Friday…
Business
Maybank Q3 profit up 3.3% at RM2.62 billion
Maybank’s net profit for the third quarter ended Sep 30 rose 3.3 per cent to RM2.62 billion (S$828 million), from RM2.54 billion in the…
Business
Maybank Q3 profit up 3.3% at RM2.6 billion
Maybank’s net profit for the third quarter ended Sep 30 rose 3.3 per cent to RM2.62 billion (S$828 million), from RM2.54 billion in the…
Business
Indonesia’s US$52 billion fund to invest 5% of assets abroad
The plan marks a key shift for BPJS TK has outgrown Indonesia’s shallow capital markets Indonesia’s largest social security fund is poised…
Business
Hong Kong stock rally meets HK$193.8 billion lockup test ahead
Hong Kong’s stock rally faces a looming test, as year-end expirations of share-sale restrictions threaten to spur volatility and prompt…
Fashion
Wilmar China unit found guilty of contract fraud, liable for 1.88 billion yuan in losses; looks to appeal judgement
It has been previously sued as an ‘accomplice’ in contract fraud related to palm oil trades A subsidiary of Wilmar International has been…
Business
Adobe to buy digital marketing platform Semrush for $1.9 billion
Adobe will acquire software platform Semrush for $1.9 billion, the companies said on Wednesday, as the Photoshop maker looks to strengthen…
Business
Hyundai’s US$26 billion investment plan in the US to continue despite immigration raid, says CEO
Automotive giant Hyundai’s plan to invest US$26 billion into the US between 2025 to 2028 will continue as planned. This is even after its…
Business
Microdrama Industry Eyes $26 Billion Future at Crisp’s Seoul Conference: ‘Every Frame Is Intentional, Every Moment Carries Intention’
The future couldn’t look more vertical than from the 76th floor of the Lotte Tower, the sixth tallest building in the world, where…
Business
The OxyContin settlement explained: Where the Sackler family’s $7 billion will go
Members of the Sackler family who own OxyContin maker Purdue Pharma must pay billions of dollars to settle a flood of lawsuits over the…