Business
China’s showcase of AI chip prowess triggers US$240 billion rally
Investors are betting the recent flurry of talk by Chinese tech firms will translate into real products down the road FROM Huawei…
Tag
Billion
Business
China EV maker Nio surges 5% following equity offering completion of more than US$1 billion
Both its Hong Kong-listed shares and those traded on the SGX jump on Friday morning Shares of Chinese electric-vehicle (EV) maker Nio rose…
Business
China EV maker Nio surges 4% following equity offering completion of more than US$1 billion
Shares of Chinese electric-vehicle (EV) maker Nio rose by 4.2 per cent on Friday (Sep 19) on the Singapore Exchange (SGX), after the…
Business
AEM soars 17.8% on the back of Nvidia’s US$5 billion Intel investment
Shares of AEM jumped as much as 19.1 per cent on Friday (Sep 19) following overnight news of Nvidia’s US$5 billion investment in chipmaker…
Business
CATL’s stock touted as cheap even after a US$110 billion rally
The Shenzhen-listed stock of the world’s biggest battery maker has surged nearly 75% since this year’s low in early April, adding US$110…
Business
Zijin Gold seeks HK$25 billion in world’s biggest IPO since May
The gold producer is coming to market at a time prices of the precious metal extend their rise, it broke another record this week Zijin…
Business
Boustead’s proposed Reit listing has portfolio value of S$1.9 billion
The portfolio will comprise 23 logistics and industrial properties – 21 in Singapore and two in Japan Boustead Singapore said on Thursday…
Business
Nvidia announces $5 billion investment in Intel, making it one of its biggest shareholders
Nvidia said on Thursday it would invest $5 billion in Intel, throwing its heft behind the struggling U.S. chipmaker just weeks after the…
Business
Nvidia invests US$5 billion in Intel, plans to co-design chips
Nvidia Corp agreed to invest US$5 billion in Intel and said the two will co-develop chips for PCs and data centres, a surprise move to…
Business
China’s Chery Automobile seeks up to HK$9.1 billion in Hong Kong IPO
Chery Automobile is seeking to raise as much as HK$9.1 billion (S$1.5 billion) in a Hong Kong initial public offering (IPO), kicking off…
Business
Microsoft pledges to invest US$30 billion in UK as Trump visits
Britain ranks among the top countries for private AI investments over the past decade Microsoft announced on Tuesday (Sep 16) a US$30…
Business
World must spend US$540 billion a year looking for oil and gas: IEA
The outlook also means that companies will need to tap reserves that have not yet been discovered The world needs to spend some US$540…
Business
Theaters Have Re-Invested $1.5 Billion in Past Year to Keep Audiences Engaged With Premium Large Formats, Loyalty Rewards and Better Dining Experiences
That expanded menu. That collectible popcorn bucket. The reclining seats. Those amenities plus large screen format offerings are all part…
Business
Rivian breaks ground on a $5 billion plant in Georgia amid challenges in the EV market
It seems like a terrible time to build an electric vehicle plant in the United States, but Rivian Automotive leaders say they’re confident…
News
Trump launches $15 billion lawsuit against ‘The New York Times’
President Donald Trump filed a $15 billion defamation lawsuit against The New York Times and four of its journalists on Monday, according…
Business
Musk answers Tesla’s pay proposal with US$1 billion stock buy
ELON Musk responded to an unprecedented pay proposal from Tesla’s board by buying about US$1 billion worth of shares, sending the stock…
Business
China's Tencent aims to raise US$1 billion equivalent in dim sum bonds
Chinese gaming and social media leader Tencent Holdings is aiming to raise the equivalent of US$1 billion in a three-tranche offshore yuan…
News
Trump Files $15 Billion Defamation and Libel Lawsuit Against the New York Times
Donald Trump has filed a $15 billion lawsuit against the New York Times for defamation and libel, alleging the publication caused him…
Business
Hesai jumps in Hong Kong debut after HK$4.2 billion listing
The company plans to use the proceeds to help lower the manufacturing costs of lidar systems Hesai Group, the world’s largest maker of…
Business
StanChart Singapore’s H1 profit climbs 12.4% to nearly S$1 billion
The rise in earnings comes amid a boost in fee and commission income, as well as forex income Standard Chartered (StanChart) Singapore’s…
Business
Fading Labubu frenzy wipes US$13 billion from Pop Mart shares
Despite the slide, the Chinese toymaker is still up more than 180% year-to-date and remains the top performer on the Hang Seng Index The…
Business
BYD’s US$45 billion stock wipeout raises doubts on China outlook
At the same time, rivals including Geely Automobile Holdings and Zhejiang Leapmotor Technology are gaining ground BYD faces pressure to…
Business
Brookfield in talks to buy Yes! Communities from Singapore’s GIC in US$10 billion deal, FT reports
Denver-based Yes! manages tens of thousands of factory-built affordable homes in the US Brookfield Asset Management is in talks to acquire…
Business
Busiest IPO week since 2021 mints US$4 billion for 6 newcomers
The initial public offering (IPO) market kicked into high gear this week, with sextet of deals raising more than US$4 billion in the…