Business
LVMH surges to biggest daily jump in 20 years as China demand sparks US$80 billion luxury rally
The strong sales figures surprise investors and are expected to sustain momentum in luxury stocks [PARIS/LONDON] LVMH shares had their…
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Business
Coinbase backs India’s CoinDCX at US$2.45 billion valuation
Global crypto playersare attempting to expand in India despite a punitive tax regime that has curtailed trading volumes Coinbase Global…
News
Argentina's Javier Milei arrives at White House after $20 billion currency swap
President Trump is meeting with Argentine President Javier Milei at the White House just days after the U.S. gave the Latin American…
Business
Salesforce to invest $15 billion in San Francisco to advance AI
Software giant Salesforce is planning to invest $15 billion in San Francisco over the next five years to strengthen the city’s dominance…
News
GM takes a $1.6 billion hit as EV tax credit ends and it rethinks its strategy
General Motors said on Tuesday it would take a $1.6 billion charge in the third quarter as it reshapes its electric vehicle strategy…
Fashion
Swiss court says 16.5 billion Swiss francs bond write-off in Credit Suisse rescue was unlawful
A Swiss court on Tuesday (Oct 14) said the Swiss financial market regulator’s 2023 decision to write off 16.5 billion Swiss francs (S$26.7…
Business
Google plans US$15 billion data centre hub in biggest India bet
The Indian state of Andhra Pradesh aims to host 6 gigawatts of data centre capacity by 2029 Alphabet’s Google aims to invest about US$15…
Business
JPMorgan to invest up to $10 billion in U.S. national security
JPMorgan Chase will directly invest up to $10 billion in U.S. companies with crucial ties to national security. The investment plan…
Business
As AI-bubble fears spread, a US$35 billion fund manager positions for inflows
Impax has had a rough ride in recent years, as low-carbon investments that did not pan out were followed by lost mandates Impax Asset…
Business
S-Reits fundraising uptrend continues in 2025, with S$4 billion in year to date
Singapore real estate investment trusts, or S-Reits, have been experiencing strong equity fundraising (EFR) this year, with the total…
Business
S-Reits fundraising uptrend continues in 2025, with S$4 billion raised year to date
Singapore real estate investment trusts, or S-Reits, have been experiencing strong equity fundraising (EFR) this year, with the total…
Business
Crypto sees more than US$6 billion in liquidations
(Bloomberg) – Cryptocurrency prices tumbled after US President Donald Trump said he would impose an additional 100 per cent tariff on…
Business
Digital euro could drain up to 700 billion euros of deposits in bank run, ECB says
The ECB has presented the digital currency as an alternative to US-dominated means of payment A digital euro could drain up to 700 billion…
Business
GIC, Carlyle-backed chemicals firm Nouryon shelves US$5.8 billion loan amid investor unease
Moody’s cuts Nouryon’s Q4 estimates amid macro uncertainty and weak demand in construction markets Speciality chemicals producer Nouryon…
Business
HSBC’s top boss bets US$14 billion on Hong Kong in push for growth
For a bank that has spent much of the last decade shying away from major deals, Elhedery’s approach marks a sea change from his…
Business
This home battery startup just raised $1 billion to build a new type of power company
When a winter storm took out the power grid across Texas in 2021, Matt Popovits and his family didn’t have electricity for four days and…
Business
Global Resale Market Set to Grow to $360 Billion by 2030, Says BCG
PARIS — The global resale market for fashion and luxury goods is continuing to soar, projected to reach between $320 billion and $360…
Business
HSBC plans to take Hang Seng Bank private in US$37 billion deal
The firm, based in London, is known as an anchor of commerce between the Asia-Pacific region and the rest of the world HSBC Holdings is…
Business
HSBC plans to privatise Hang Seng at US$37 billion valuation
The lender plans to refrain from share buybacks in the coming three quarters as it seeks to restore its capital ratio to its operating…
Business
SoftBank’s Graphcore plans £1 billion chip investment in India
The US’ tensions with China have helped the country rise in prominence for global tech companies, but its AI infrastructure is still…
Business
Chinese 450 billion yuan optics firm Innolight weighs Hong Kong listing: sources
Zhongji Innolight, a Chinese maker of optical communication modules and devices, is considering a listing in Hong Kong, according to…
Business
Australia’s central bank swings to A$11 billion profit, again skips paying dividend to government
The RBA’s equity position improves, led by valuation gains on its gold holdings Australia’s central bank swung to an accounting profit…
Business
SoftBank to buy ABB’s robotics arm in US$5.4 billion deal
SoftBank Group has agreed to acquire ABB’s industrial robots unit at an enterprise value of almost US$5.4 billion, reflecting the Japanese…
Business
SoftBank to buy ABB’s robotics business in US$5.4 billion deal
SoftBank Group said on Wednesday (Oct 8) it has agreed to buy the robotics business of Swiss engineering group ABB in a US$5.4 billion…