Fashion
Nissan forecasts US$1.8 billion annual operating loss as US tariffs weigh
Its outlook for net income for the fiscal year to end-March 2026 remained undetermined Nissan Motor said on Thursday (Oct 30) it expects…
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Business
Japan’s Anime Market Hits Record $25 Billion, Driven by Global Boom, AJA Report Finds
Japan’s anime industry reached an all-time high in 2024, climbing to JPY3.84 trillion ($25.25 billion) in total market value, according to…
Business
Apac private credit to reach US$92 billion in 2027 on wealth boom
The growth of Asia Pacific’s private markets comes against the broader backdrop of mounting headwind The Asia-Pacific private credit…
Business
UK energy watchdog plans to tackle £4.4 billion consumer debts
Britain’s energy regulator Ofgem announced plans on Thursday to tackle £4.4 billion (S$7.5 billion) of debts built up by customers, which…
Business
Meta forecasts bigger capital costs next year, US$16 billion tax charge guts Q3 profit
Meta forecast “notably larger” capital expenses next year, thanks to investments in AI, and recorded a nearly US$16 billion one-time…
Business
Meta’s profit hit by $16 billion tax charge
Meta recorded a nearly $16 billion onetime charge in the third quarter related to President Donald Trump’s so-called big beautiful bill,…
Business
Trump says Toyota plans $10 billion U.S. investment—Toyota says, not exactly
Toyota was quick to pump the brakes on a claim President Donald Trump made this week regarding an alleged promise by the Japanese…
Business
HSBC brings startup-focused Innovation Banking to Singapore, allocates US$1.5 billion to finance high-growth companies
Lender will execute a go-to-market strategy that covers both entrepreneurs and venture capital firms HSBC on Wednesday (Oct 29) launched…
Business
Toyota says it did not explicitly promise Trump new US$10 billion investment in US
Japan’s Toyota Motor did not explicitly promise a new US$10 billion investment in the United States, a senior executive from the Japanese…
Business
Apple suppliers Qorvo and Skyworks to merge, creating a $22 billion chip giant
Apple suppliers Skyworks Solutions and Qorvo will merge in a cash-and-stock deal to create a radio chip company with an enterprise value…
Business
Nvidia to invest US$1 billion in Nokia in AI networking push
Nvidia Corp. plans to make a US$1 billion equity investment in Nokia Oyj, an apparent vindication of the Finnish company’s pivot from…
Business
Temasek-backed consortium to take China’s ANE private at HK$14.33 billion valuation
[SINGAPORE/HONG KONG] ANE (Cayman) said on Tuesday (Oct 28) a consortium comprising its largest shareholder, Singapore’s Temasek Holdings,…
Business
Singapore's Lighthouse Canton to invest over US$1.5 billion in India; eyes private credit, real estate
Singapore-based asset manager Lighthouse Canton plans to invest over US$1.5 billion in India in the next few years, with a focus on…
Business
Indonesia’s Chandra Asri in talks with lenders to fund US$1 billion deal to buy Singapore’s Esso stations
Chandra Asri Pacific, an Indonesian energy and chemicals firm, is in talks with competing consortiums of lenders for loans to back its…
Business
Meituan seeks to raise US$3 billion in dual-currency bond sale
The company operates online platforms for food delivery and other consumer products Meituan plans to raise around US$3 billion in what…
Business
Hong Kong Jockey Club sells US$1 billion portfolio to Canada firm
The entity has multiple exclusive legal betting licenses granted by the government on activities including horse racing and football…
Business
Huawei EV partner Seres seeks HK$13.2 billion in Hong Kong listing
Seres Group started taking investor orders for a Hong Kong listing that may raise as much as HK$13.2 billion (S$2.2 billion), making the…
Business
SoftBank-backed Lenskart IPO to raise as much as 72.8 billion rupees
The eyewear retailer is the latest big name to go public in the country, coming on the heels of two billion-dollar IPOs this month Eyewear…
Business
HSBC to book US$1.1 billion provision after Luxembourg court ruling in Madoff case
HSBC Holdings said on Monday it will recognise a provision of US$1.1 billion in its third-quarter results after a Luxembourg court ruling…
News
Ex-Citibank Manager Jailed 24 Months Over Role in S$3 Billion Money Laundering Scandal in Singapore
A former relationship manager with Citibank Singapore has been sentenced to two years' jail for multiple offences involving forgery, money…
Business
JPMorganChase made a $3 billion bet on office culture
“Welcome to the future!” David Arena, head of global corporate real estate for JPMorganChase, is standing on a sweeping staircase in a…
Business
Meituan plans debut dim sum bonds in up to 10 billion yuan sale
The company has faced an increasingly crowded field in China’s food delivery sector, where rivals have been slashing prices Chinese food…
Business
Indonesia launches 6 billion yuan dim sum bond, to be listed on SGX
The bond offers yields of 2.5% on five-year notes and 2.9% on the 10-year tranche Indonesia has launched its debut offshore…
Business
ST Engineering bags new contracts worth S$4.9 billion in Q3 2025
For the nine months ended Sep 30, the company’s total contract wins amount to S$14 billion ST Engineering on Thursday (Oct 23) announced…