Business
CapitaLand Commercial C-Reit sets Shanghai IPO offering at 2.28 billion yuan, 7% up from earlier estimate
CapitaLand China Trust (CLCT) will subscribe for 5 per cent of the 2.28 billion yuan (S$410.9 million) offering in the listing of a…
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CapitaLand Commercial C-Reit sets Shanghai IPO offering at 2.29 billion yuan, up 7% from earlier estimate
CapitaLand China Trust to divest CapitaMall Yuhuating to the Reit at 8.8% premium, and subscribe for 5% of the IPO units CapitaLand China…
Business
Vinted creator: How my idea became a billion dollar online business - BBC Bitesize
“It was like boom... we even forgot to develop the button for ‘I want to buy this item’” When the duo next met, they gave their project…
Business
Meta’s backstop is linchpin for US$26 billion AI data-centre deal
When Meta Platforms turned to lenders to secure US$26 billion in debt funding for the construction of a sprawling new data centre, one key…
Business
Anthropic to pay $1.5 billion to book authors to settle AI copyright suit
Artificial intelligence startup Anthropic has agreed to pay a record-setting $1.5 billion to a group of book authors and publishers in…
Business
Apple’s India sales hit record US$9 billion after big retail push
Apple’s annual sales in India hit a record of nearly US$9 billion in the last fiscal year, signalling growing consumer demand for its…
Business
Starbucks China valued at about US$5 billion by bidders, sources say
Most of the bidders seeking to buy a portion of Starbucks’ China operations have submitted offers valuing the business at as much as US$5…
Business
Starbucks China reportedly valued at about US$5 billion by bidders
Most of the bidders seeking to buy a portion of Starbucks’ China operations have submitted offers valuing the business at as much as US$5…
Business
BlackRock to run US$80 billion for Citi as bank refocuses wealth unit
The move highlights a growing trend among big banks to partner with specialist asset managers Citigroup said on Thursday (Sep 4) it will…
Business
Hitachi to invest US$1 billion to produce power grid components in US
Hitachi plans to invest US$1 billion to expand its US power grid infrastructure manufacturing, its energy unit said on Thursday (Sep 4),…
Business
Pertamina seeks US$2.5 billion loan as Indonesia dollar deals rise
The nation’s markets are just recovering after the social unrest, which has subsided, sparked a sell-off in stocks and bonds Indonesia’s…
Business
Instagram-style Xiaohongshu hits US$31 billion value in GSR books
XIAOHONGSHU’S valuation surged 19 per cent to US$31 billion in just three months during recent transactions via a major fund, underscoring…
Business
Trump’s oldest sons’ American Bitcoin stake worth US$1.5 billion in stock debut
A bitcoin company tied to President Donald Trump’s two oldest sons more than doubled in value in its stock market debut on Wednesday,…
Business
Grab’s $20 billion playbook for becoming a super app
Grab is a rideshare service-turned superapp, not available in the U.S. but rapidly growing in Southeast Asia. It’s even outmaneuvered…
Business
BlackRock loses US$17 billion mandate at Dutch pension fund PFZW
BlackRock has lost a mandate worth US$17 billion with one of the largest pension funds in the Netherlands, amid concerns the world’s…
Business
EV maker Nio posts 0.3% wider Q2 net loss of 5.1 billion yuan despite top-line growth
Chinese electric vehicle (EV) maker Nio recorded a net loss of 5.1 billion yuan (S$928.4 million) for its second quarter ended Jun 30,…
Business
Anthropic more than doubles its valuation to $183 billion after raising $13 billion
Artificial-intelligence company Anthropic said on Tuesday it is now valued at $183 billion post-money, over twice as much as its earlier…
Business
MUFG to launch 100 billion yen Japan real estate fund
Mitsubishi UFJ Financial Group (MUFG) plans to launch a 100 billion yen (S$870 million) fund to invest in Japanese real estate, an…
Business
Amazon to invest NZ$7.5 billion in New Zealand data centres
Amazon has formally launched cloud services in New Zealand and dusted off a plan first announced in 2021 to invest more than NZ$7.5…
Business
Revolut begins secondary share sale at US$75 billion valuation
The deal will cement the company’s status as one of the most valuable fintechs on the planet Revolut has kicked off a process for some…
Business
‘Nikko’ cut from new name of US$260 billion Japanese asset manager
Nikko Asset Management is changing its name to Amova Asset Management, removing “Nikko” for the first time since it was founded in 1959 in…
News
White House to slash $4.9 billion in foreign aid identified as 'wasteful'
President Trump is slashing $4.9 billion in congressionally approved foreign aid funding through a rarely-used budgetary maneuver known as…
Business
Skechers and 3G Get Green Light: Here’s When The Biggest Shoe Buyout Deal at $9 Billion Will Close
Skechers U.S.A. and 3G Capital Partners L.P. have the go ahead to move forward on their $9 billion merger deal. The transaction, first…
News
Mystery surrounds $1.2 billion Army contract to build huge detention tent camp in Texas desert
When President Donald Trump's administration last month awarded a contract worth up to $1.2 billion to build and operate what it says will…