Business
‘We want to be a dominant player’: DBS targets S$100 billion in cross-border flows by 2030
The lender plans to roll out same-day outbound remittances from China by the second half of 2026 DBS is aiming to reach S$100 billion in…
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Business
TSMC plans US$17 billion investment in three-nanometre chip production in Japan: report
Taiwan Semiconductor Manufacturing Company (TSMC) plans to mass produce advanced three-nanometre chips in Kumamoto in southern Japan with…
Business
YouTube Ad Revenue Hits Record $11.38 Billion in Q4, but Falls Short of Expectations
YouTube continues to vacuum up digital advertising dollars, mostly at the expense of traditional TV ad budgets, notching its biggest-ever…
Business
GIC-backed Shenzhen Han’s CNC to price Hong Kong listing at top of range; targets HK$4.83 billion raise
The firm is offering 50.5 million shares in the listing, with the offer price determined as HK$95.80 per share Printed circuit board (PCB)…
Business
Apac commercial real estate investment hits US$40.3 billion in Q4, capping strongest year since 2021: JLL
The increase pushed full-year investment 12% higher year on year to US$147.6 billion Asia-Pacific’s commercial real estate market ended…
Business
Singapore’s digital payments set to hit US$113.7 billion by 2030, cementing regional lead
Gen Z and millennial consumers are driving the shift towards cashless transactions in the city-state Digital payments in Singapore are…
Business
UBS posts higher profit, signals US$3 billion buyback with upside
Group posted a profit which beat expectations in the fourth quarter, as the bank announced a US$3 billion buyback programme for 2026 with…
Business
China’s Eastroc makes flat Hong Kong debut after raising HK$10.1 billion
Eastroc Beverage shares traded flat in their Hong Kong trading debut on Tuesday (Feb 3), after the Chinese energy drinks producer raised…
Business
Keppel division bags S$600 million in green projects, raising long-term contracted revenue to S$7.1 billion
Keppel has clinched some S$600 million in new contracts for proprietary technology, engineering solutions, and operation and maintenance…
Business
Oracle chases $50 billion for AI buildout as doubts mount on Wall Street
Oracle shares fell 2% Monday following the company’s announcement it planned to raise upwards to $50 billion in 2026. Funding rounds of…
News
Trump administration to launch ‘Project Vault’—a $12 billion stockpile of rare earth elements
The Trump administration plans to deploy nearly $12 billion to create a strategic reserve of rare earth elements, a stockpile that could…
Business
CVC to sell personal care business FineToday to Bain Capital in 200 billion yen deal: source
The sale comes a few months after FineToday’s second attempt to list on the Tokyo Stock Exchange failed in October Private equity firm CVC…
Business
Alibaba to spend three billion yuan for Chinese New Year AI push as chatbot war heats up
The public holiday period this year begins on Feb 15 and is nine days long, longer than in most previous years Alibaba said on Monday (Feb…
Business
India to spend 100 billion rupees to make biopharma production hub
The funding will be directed towards the research and production of biologics and biosimilar medicines India will invest 100 billion…
Business
Metals traders lose at least one billion yuan as ‘Hat’ flees China
Chinese metals markets have seen more than their fair share of scandal in recent years Chinese metals traders have racked up losses…
Business
Indonesian stocks fall 5% after last week’s dramatic shake-up, US$80 billion rout
— Indonesian stocks slid on Monday (Feb 2), weighed down by a sell-off in commodities, after a tumultuous week during which a warning from…
Business
Oracle plans to raise US$45 billion to US$50 billion in 2026
LE expects to raise US$45 billion to US$50 billion in 2026 to build additional capacity for its cloud infrastructure, the software company…
Business
GIC, Mubadala said to be set to join KKR in US$10 billion STT Deal
Data centres are attracting a lot of investor interest, not least because of their role in the artificial intelligence boom and Mubadala…
Business
Waymo seeking about US$16 billion near US$110 billion valuation
The startup plans to aggressively expand the commercial service this year to many more American cities, as well as to the UK Waymo,…
Business
Nvidia’s plan to invest up to US$100 billion in OpenAI has stalled: report
Big Tech companies and investors such as SoftBank Group are racing to forge partnerships with the ChatGPT maker Nvidia’s plan to invest up…
Business
SpaceX generated about US$8 billion in profit last year ahead of IPO: sources
SpaceX generated about US$8 billion in profit on US$15 billion to US$16 billion of revenue last year, two sources familiar with the…
Business
AstraZeneca strikes deal for up to US$18.5 billion to license weight-loss drugs from China's CSPC
The deal builds on existing collaboration between the companies in areas such as artificial intelligence AstraZeneca will license…
Business
China plans 200 billion yuan capital injection into biggest insurers: sources
It would be the first time Beijing has used special bonds to inject capital into insurers China is mulling the sale of hundreds of…
Business
Bitcoin slide below US$85,000 leads to US$1 billion in liquidations
The digital currency is down more than 30 per cent from an all-time high on Oct 6 OIN can’t catch a break these days. First, traders were…