Business
Australia’s NAB CEO says housing is greatest societal challenge as bank books A$7.09 billion profit
NAB and the rest of Australia’s ‘Big Four’ banks rely heavily on the strength of the housing market National Australia Bank (NAB) chief…
Tag
Billion
Business
KKR, Singtel seek to fully own Singapore data centre firm in US$3.9 billion deal
KKR & Co and Singapore Telecommunications are in advanced talks to buy more than 80 per cent of ST Telemedia Global Data Centres – which…
Business
UOB’s nearly S$1 billion in extra allowances akin to ‘buying insurance’: CEO Wee Ee Cheong
UOB’s decision to increase allowances by almost S$1 billion – which led net profit to tumble by more than two thirds – for the latest…
Business
Nissan sells Yokohama headquarters for 97 billion yen as part of restructuring
Nissan Motor said on Thursday it has concluded a 97 billion yen (S$840 million) trust beneficiary rights transfer agreement to sell and…
Business
Trusts Affiliated With Descendants of Leonard A. Lauder Seek to Sell Over $1 Billion of Stock
The family of Leonard A. Lauder is seeking to sell over $1 billion of the Estée Lauder Cos. stock. Trusts affiliated with descendants of…
Business
CDLHT sets up S$1.5 billion multicurrency debt issuance programme
CDL Hospitality Trusts (CDLHT), a stapled group consisting of CDL Hospitality Real Estate Investment Trust (H-Reit) and CDL Hospitality…
Business
China’s US$470 billion oil and gas splurge is just the start
The Asian nation still consumes far more than it produces, and that is unlikely to change any time soon Some 20 kilometres out from the…
Business
Saudi oil giant Aramco reports $26.9 billion profit in third quarter, beating expectations
Saudi oil giant Aramco reported Tuesday a $26.9 billion profit in the third quarter, down slightly from last year as global energy prices…
Business
India freezes over 75 billion rupees in assets tied to Anil Ambani in bank fraud probe
India’s top financial crimes agency said it had seized properties worth over US$846 million from firms linked to beleaguered tycoon Anil…
Business
UBS sells US$3.25 billion in first deal since AT1 ruling
UBS Group sold its first bonds since a court decision raised questions about the Swiss lender’s possible exposure to previously cancelled…
Business
WeRide is poised to raise HK$2.39 billion in Hong Kong listing
WeRide is set to raise HK$2.39 billion (S$402 million) from its Hong Kong share sale, according to sources familiar with the matter, as it…
Business
Japan’s US$132 billion borrowing binge reshapes global credit
The end of an era of essentially free money in Japan, a flurry of dealmaking and the artificial intelligence (AI) boom have unleashed…
News
The $62 billion aid machine just broke
Earlier this year, while the U.S. government was cutting billions in foreign aid, a refugee education program called Yeti Confetti did…
Business
OpenAI, Amazon strike US$38 billion agreement for ChatGPT maker to use AWS
The deal is among the first major moves by OpenAI since it completed a restructuring last week Amazon.com will supply OpenAI with cloud…
Business
Microsoft signs US$9.7 billion AI cloud deal with Australia’s IREN to secure Nvidia systems
Once fully implemented, the deal is expected to generate about US$1.94 billion a year for IREN Microsoft has signed an approximately…
Business
Lenskart starts taking orders for 72.8 billion rupees India IPO
Lenskart Solutions began taking public orders for an initial public offering (IPO) that could raise as much as 72.8 billion rupees (S$1.1…
Business
Ford to invest 32.5 billion rupees in India defying Trump’s local push
More recently, other US companies have been building up their manufacturing presence in India, despite the political tension Ford Motor…
Culture
Air India seeks 100 billion rupees lifeline from SIA and Tata, Bloomberg News reports
The development follows a deadly Air India crash in June that killed more than 240 passengers Air India is seeking at least 100 billion…
Culture
Air India seeks 100 billion rupees lifeline from SIA and Tata: report
The development follows a deadly Air India crash in June that killed more than 240 passengers Air India is seeking at least 100 billion…
Business
ANZ flags A$1.1 billion second-half profit hit from restructuring, compliance costs
Australia’s ANZ warned on Friday that its earnings would take a hit of A$1.11 billion (S$937.5 million) after tax in the second half of…
Business
CapitaLand India Trust Q3 total property income up 10% at 5.1 billion rupees
This is due to higher rental income from existing properties and income contributions from acquisitions and completed developments, says…
Business
CapitaLand India Trust Q3 total property income up 18% at 5.1 billion rupees
This is due to higher rental income from existing properties and income contributions from acquisitions and completed developments, says…
Business
Meta sells US$30 billion of bonds as AI frenzy fuels record orders
Technology firms are capitalising on falling borrowing costs as the Fed cuts interest rates and investors race to lock in still-elevated…
Culture
NBA approves $10 billion Los Angeles Lakers sale to Mark Walter
Mark Walter is the majority owner of the Los Angeles Lakers after the NBA Board of Governors approved his purchase of a controlling stake…