Business
Nvidia to invest in Musk’s xAI as part of US$20 billion funding
Data centre capacity is seen as a necessity for developing top AI models, though some have debated how much computing power can improve…
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Business
NYSE parent nears deal for US$2 billion stake in crypto-based betting startup Polymarket: sources
INTERCONTINENTAL Exchange, the parent of New York Stock Exchange, is in talks to invest US$2 billion in Polymarket, The Wall Street…
Business
BBVA has 8 billion euros to fund mandatory bid for Sabadell if needed: CEO
A combined entity would become one of the largest lenders in Europe by assets, with about one trillion euros BBVA has eight billion euros…
Business
Thai Cabinet approves 44 billion baht stimulus programme to boost growth
South-east Asia’s second-largest economy has been hit by US tariffs, high household debt, weak consumption, and a strong currency…
Business
DBS jumps 3% to new all-time high, drives market cap past S$150 billion
Shares of DBS soared more than 3 per cent on Tuesday (Oct 7), driving its market capitalisation beyond S$150 billion. The counter hit…
Business
Two Australian pensions confirm merger to form A$235 billion fund
Aware Super, one of Australia’s largest pensions, confirmed plans to merge with smaller rival TelstraSuper to form a A$235 billion (S$201…
Business
Eli Lilly to invest US$1 billion in India contract manufacturing
The investment plan comes days after US President Donald Trump announced a 100% tariff on imported branded or patented drugs Eli Lilly…
Business
LG Electronics’ US$1.3 billion India IPO fully subscribed on first day
The share sale signals growing confidence that investor demand can absorb large issuances despite the headwinds facing the local stock…
Business
Fifth Third and Comerica enter $10.9 billion deal to create ninth-largest bank in the U.S.
Fifth Third on Monday agreed to buy regional lender Comerica in an all-stock deal valued at $10.9 billion, creating the ninth-largest U.S.…
Business
Tata Capital begins taking orders for 155 billion rupees IPO, India’s largest this year
Tata Capital started taking orders on Monday (Oct 6) for an initial public offering that may raise as much as 155 billion rupees (S$2.3…
Business
Fullerton launches first retail fund under MAS’ S$5 billion equity initiative
It is offered as a collective investment scheme to retail, accredited and institutional investors in Singapore and selected international…
Business
Stellantis said to plan US$10 billion in US turnaround investments
The carmaker is temporarily pausing production at eight of its plants in Europe amid lagging demand for models including the Alfa Romeo…
Business
DBS gains S$26 billion in value, widening lead against OCBC
The bank is more efficiently run versus its peers and has more of a focus to reward shareholders, says Tareck Horchani of Maybank…
Business
BlackRock’s GIP nears US$40 billion deal to buy Aligned Data Centers in bet on AI
Global Infrastructure Partners already owns Dallas-based data centre company CyrusOne with KKR BlackRock’s Global Infrastructure Partners…
Business
Blackstone hits US$10 billion Asia buyout fund goal amid private equity chill
The world’s biggest asset manager’s fundraising comes as global investors are growing more cautious about private equity Blackstone hit a…
Business
Warren Buffett’s Berkshire Hathaway to buy Occidental’s chemical unit for US$9.7 billion
OxyChem is set to be Berkshire’s largest acquisition since it took over the insurer Alleghany in 2022 Warren Buffett’s Berkshire Hathaway…
Business
Musk becomes first person to hit US$500 billion net worth, Forbes list shows
Elon Musk on Wednesday (Oct 1) became the first person to surpass US$500 billion in net worth, powered by a rebound in Tesla’s share price…
Business
Microsoft bets US$33 billion on neoclouds like Nebius to ease AI crunch: sources
Microsoft’s deal with neocloud company Nebius Group will provide computing power to internal teams creating large language models and a…
Business
Yangzijiang Financial pumps 1.02 billion yuan in lithium battery producer Ningbo Shanshan’s restructuring
The investment by the group and two of its investors gives them effective voting rights of 23.4 per cent in the lithium battery producer…
Business
DBS, UOB, OCBC lead dividend growth as Singapore companies pay out US$8.2 billion in H1
DBS was among the top 13 banking contributors to H1 dividend growth, says Capital Group The three local banks led dividend growth in…
Business
Thakral Corp divests Yotsubashi Nakano Building in Osaka for 5.3 billion yen
Thakral Corporation announced on Tuesday (Sep 30) that it has completed the divestment of its commercial building, Yotsubashi Nakano…
Business
Jaguar Land Rover gets UK guarantee for £1.5 billion loan after cyberattack halts production
Jaguar Land Rover (JLR) will get backing from the UK government for a £1.5 billion (S$2.6 billion) loan aimed at easing the strain on…
Business
Kraken in strategic investor talks at US$20 billion valuation
The crypto exchange has until this year raised only about US$27 million in primary capital Kraken is in advanced talks to raise new…
Business
$1.5 billion Anthropic AI settlement gets preliminary OK from U.S. judge
A federal judge on Thursday approved a $1.5 billion settlement between artificial intelligence company Anthropic and authors who allege…