Business
AkzoNobel, Axalta to merge creating US$25 billion paint giant
Under the merger, AkzoNobel shareholders will receive a US$2.5 billion dividend payout Dulux paint maker AkzoNobel said on Tuesday (Nov…
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AkzoNobel and Axalta to merge, creating US$25 billion paint giant
Under the merger, AkzoNobel shareholders will receive a US$2.5 billion dividend payout Dulux paintmaker AkzoNobel said on Tuesday (Nov 18)…
Business
Jeff Bezos to co-lead AI startup Project Prometheus, raising $6.2 billion
Jeff Bezos will serve as co-chief executive officer of a new artificial intelligence startup that focuses on AI for engineering and…
Business
J&J to buy Halda Therapeutics in US$3.05 billion cash deal
Johnson & Johnson has agreed to buy the cancer treatment biotech Halda Therapeutics for US$3.05 billion cash, part of a strategy to cope…
Business
Amazon seeks US$12 billion from first US bond sale in three years
Amazon.com is seeking to raise about US$12 billion through a debt offering – its first such deal in US dollars in about three years – amid…
Business
Sea announces share buyback of up to US$1 billion
The timing and amount of the buybacks will be determined on market conditions and other factors, says company Consumer Internet company…
Business
Sea announces first-ever share buyback of up to US$1 billion
The timing and amount of the buybacks will be determined on market conditions and other factors, says company Consumer Internet company…
Business
Sea announces first share buyback of up to US$1 billion
The timing and amount of the buybacks will be determined based on market conditions and other factors, it says Consumer Internet company…
Business
Yangzijiang Shipbuilding bags orders worth US$2.2 billion in year to date
Yangzijiang Shipbuilding on Monday (Nov 17) announced that it has obtained about US$2.2 billion worth of orders in the year to date. This…
Business
US sanctions propel Chinese AI prodigy to US$23 billion fortune
In 2019, Chen Tianshi was a long way from becoming one of the wealthiest people on the planet. The largest customer for his three-year-old…
Business
Samsung plans US$310 billion investment to power AI expansion
Five-year investment package includes plans to build a new semiconductor facility designed to meet the needs of memory-chip demands South…
Business
Korean conglomerates pledge US$464 billion of domestic investment
A trade deal with the US sparked concerns over low domestic investment and the nation’s currency Samsung Electronics, Hyundai Motor Group…
Business
Buffett acquires US$4.9 billion stake in Google parent Alphabet
WARREN Buffett’s Berkshire Hathaway acquired 17.9 million shares of Google parent Alphabet during the third quarter, while further…
Business
Google plans US$40 billion Texas data center investment amid AI boom
ALPHABET’S Google said on Friday (Nov 14) it would invest US$40 billion in three new data centers in Texas, as part of its push to expand…
Business
Google plans US$40 billion Texas data centre investment amid AI boom
ALPHABET’S Google will invest US$40 billion in three new data centres in Texas, as part of its push to expand capacity for artificial…
Business
Tencent Reports Strong Q3 Growth, Hits $27 Billion in Revenue Driven by Gaming, AI Investments
Chinese social media, games and video giant Tencent posted revenues of RMB192.9 billion ($27.1 billion) for the third quarter of 2025,…
Business
Novo gets 15 billion euros of orders for Akero acquisition bonds
Novo Nordisk has pulled in more than 15 billion euros (S$22.6 billion) of investor orders for its multi-tranche bond sale, more than…
Business
Marco Polo Marine unit clinches NT$4.7 billion project for research vessel in largest contract win
The project marks the company’s strategic expansion into high-value, specialised vessel construction Integrated marine logistics company…
Business
Toyota opens US battery plant, confirms US$10 billion investment plan
TOYOTA Motor said on Wednesday it had begun production at its US$13.9 billion North Carolina battery plant as it ramps up hybrid…
Business
Seatrium eyes more new order wins; net order book stands at S$16.6 billion in Q3
The group said it is making ‘steady progress’ toward achieving its 2028 financial targets. Offshore, marine and energy specialist Seatrium…
Business
Manulife CQS raises US$1.1 billion for synthetic-risk transfers
The money is for its Manulife CQS Regulatory Capital Relief III Fund as well as some separately managed accounts Manulife’s credit arm CQS…
Business
Hong Kong’s investment firm reports HK$2 billion return in 2024
As at end-2024, the firm had used up under a fifth of its initial HK$62 billion kitty Hong Kong Investment Corporation (HKIC) generated…
Business
ST Engineering posts 9% rise in 9M revenue to S$9.1 billion despite impairments from subsidiary
ST Engineering posted a 9 per cent year-on-year rise in revenue to S$9.1 billion for the nine months ended Sep 30, on the back of strong…
Business
ST Engineering posts 9% rise in 9M revenue to S$9.1 billion
ST Engineering posted a 9 per cent year-on-year rise in revenue to S$9.1 billion for the nine months ended Sep 30, on the back of strong…